NRGD.TO vs. CHPS.TO

Last updated Jul 1, 2026

NRGD.TO (BetaPro S&P/TSX Capped Energy -2x Daily Bear ETF) and CHPS.TO (Global X Artificial Intelligence Semiconductor Index ETF) are both exchange-traded funds - NRGD.TO is a Inverse Equities fund actively managed by Global X, while CHPS.TO is a Semiconductors fund tracking the PHLX US AI Semiconductor Index. NRGD.TO is actively managed, while CHPS.TO is passively managed. Over the past 5 years, NRGD.TO returned -47.73%/yr vs 30.44%/yr for CHPS.TO. At a correlation of -0.21, they often move in opposite directions.

Performance

NRGD.TO vs. CHPS.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BetaPro S&P/TSX Capped Energy -2x Daily Bear ETF (NRGD.TO) and Global X Artificial Intelligence Semiconductor Index ETF (CHPS.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NRGD.TO achieves a -42.79% return, which is significantly lower than CHPS.TO's 74.01% return.

NRGD.TO

• 1D: 0.67%
• 1M: 15.82%
• YTD: -42.79%
• 6M: -42.42%
• 1Y: -58.41%
• 3Y*: -39.90%
• 5Y*: -47.73%
• 10Y*: -39.76%

CHPS.TO

• 1D: 4.14%
• 1M: 13.32%
• YTD: 74.01%
• 6M: 73.30%
• 1Y: 120.10%
• 3Y*: 51.80%
• 5Y*: 30.44%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NRGD.TO vs. CHPS.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NRGD.TO BetaPro S&P/TSX Capped Energy -2x Daily Bear ETF	-42.79%	-37.02%	-26.44%	-13.09%	-71.68%	-39.27%
CHPS.TO Global X Artificial Intelligence Semiconductor Index ETF	74.01%	45.93%	20.38%	68.20%	-37.86%	23.13%

Correlation

The correlation between NRGD.TO and CHPS.TO is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.02
Correlation (3Y) Calculated over the trailing 3-year period	-0.13
Correlation (5Y) Calculated over the trailing 5-year period	-0.21
Correlation (All Time) Calculated using the full available price history since Jun 22, 2021	-0.21

The correlation between NRGD.TO and CHPS.TO shifts across timeframes, from -0.21 (5 years) to 0.02 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

NRGD.TO vs. CHPS.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NRGD.TO

NRGD.TO Risk / Return Rank: 1
NRGD.TO Sharpe Ratio Rank: 0
NRGD.TO Sortino Ratio Rank: 0
NRGD.TO Omega Ratio Rank: 1
NRGD.TO Calmar Ratio Rank: 2
NRGD.TO Martin Ratio Rank: 2

CHPS.TO

CHPS.TO Risk / Return Rank: 94
CHPS.TO Sharpe Ratio Rank: 96
CHPS.TO Sortino Ratio Rank: 91
CHPS.TO Omega Ratio Rank: 91
CHPS.TO Calmar Ratio Rank: 97
CHPS.TO Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NRGD.TO vs. CHPS.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BetaPro S&P/TSX Capped Energy -2x Daily Bear ETF (NRGD.TO) and Global X Artificial Intelligence Semiconductor Index ETF (CHPS.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	NRGD.TO	CHPS.TO	Difference
Sharpe ratio: Return per unit of total volatility	-1.25	3.43	-4.67
Sortino ratio: Return per unit of downside risk	-2.31	3.66	-5.97
Omega ratio: Gain probability vs. loss probability	0.77	1.51	-0.74
Calmar ratio: Return relative to maximum drawdown	-0.83	9.21	-10.04
Martin ratio: Return relative to average drawdown	-1.38	26.33	-27.71

NRGD.TO vs. CHPS.TO - Sharpe Ratio Comparison

The current NRGD.TO Sharpe Ratio is -1.25, which is lower than the CHPS.TO Sharpe Ratio of 3.43. The chart below compares the historical Sharpe Ratios of NRGD.TO and CHPS.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NRGD.TO vs. CHPS.TO - Drawdown Comparison

The maximum NRGD.TO drawdown since its inception was -99.97%, which is greater than CHPS.TO's maximum drawdown of -48.16%. Use the drawdown chart below to compare losses from any high point for NRGD.TO and CHPS.TO.

Drawdown Indicators

	NRGD.TO	CHPS.TO	Difference
Max Drawdown Largest peak-to-trough decline	-99.97%	-48.16%	-51.81%
Max Drawdown (1Y) Largest decline over 1 year	-70.42%	-13.35%	-57.07%
Max Drawdown (3Y) Largest decline over 3 years	-85.00%	-37.49%	-47.51%
Max Drawdown (5Y) Largest decline over 5 years	-98.12%	-48.16%	-49.96%
Max Drawdown (10Y) Largest decline over 10 years	-99.92%	—	—
Current Drawdown Current decline from peak	-99.95%	0.00%	-99.95%
Average Drawdown Average peak-to-trough decline	-87.60%	-13.78%	-73.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	42.26%	4.63%	+37.63%

Volatility

NRGD.TO vs. CHPS.TO - Volatility Comparison

The current volatility for BetaPro S&P/TSX Capped Energy -2x Daily Bear ETF (NRGD.TO) is 16.23%, while Global X Artificial Intelligence Semiconductor Index ETF (CHPS.TO) has a volatility of 18.23%. This indicates that NRGD.TO experiences smaller price fluctuations and is considered to be less risky than CHPS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NRGD.TO	CHPS.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.23%	18.23%	-2.00%
Volatility (6M) Calculated over the trailing 6-month period	39.50%	29.35%	+10.15%
Volatility (1Y) Calculated over the trailing 1-year period	46.97%	35.87%	+11.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.37%	34.86%	+22.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.11%	34.78%	+32.33%

Dividends

NRGD.TO vs. CHPS.TO - Dividend Comparison

NRGD.TO has not paid dividends to shareholders, while CHPS.TO's dividend yield for the trailing twelve months is around 0.01%.

Position	TTM	2025	2024	2023	2022	2021
CHPS.TO Global X Artificial Intelligence Semiconductor Index ETF	0.01%	0.01%	0.20%	0.53%	0.97%	0.01%
NRGD.TO BetaPro S&P/TSX Capped Energy -2x Daily Bear ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NRGD.TO and CHPS.TO in my portfolio?

NRGD.TO and CHPS.TO have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between NRGD.TO and CHPS.TO?

NRGD.TO is categorized as Inverse Equities, while CHPS.TO is Semiconductors.