RING.TO vs. CHPS.TO
RING.TO (Global X Equal Weight Canadian Telecommunications Index ETF) and CHPS.TO (Global X Artificial Intelligence Semiconductor Index ETF) are both exchange-traded funds - RING.TO is a Communications Equities fund actively managed by Global X, while CHPS.TO is a Semiconductors fund tracking the PHLX US AI Semiconductor Index. RING.TO is actively managed, while CHPS.TO is passively managed. Over the past year, RING.TO returned -8.67% vs 89.48% for CHPS.TO. At a correlation of -0.16, they often move in opposite directions.
Performance
RING.TO vs. CHPS.TO - Performance Comparison
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Returns By Period
In the year-to-date period, RING.TO achieves a -8.72% return, which is significantly lower than CHPS.TO's 56.69% return.
RING.TO
- 1D
- 1.56%
- 1M
- -10.93%
- 6M
- -9.56%
- YTD
- -8.72%
- 1Y
- -8.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CHPS.TO
- 1D
- -1.01%
- 1M
- -6.66%
- 6M
- 46.63%
- YTD
- 56.69%
- 1Y
- 89.48%
- 3Y*
- 45.32%
- 5Y*
- 29.09%
- 10Y*
- —
RING.TO vs. CHPS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
RING.TO Global X Equal Weight Canadian Telecommunications Index ETF | -8.72% | 10.75% | -9.24% |
CHPS.TO Global X Artificial Intelligence Semiconductor Index ETF | 56.69% | 45.93% | -3.86% |
Correlation
The correlation between RING.TO and CHPS.TO is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2024 | -0.16 |
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Return for Risk
RING.TO vs. CHPS.TO — Risk / Return Rank
RING.TO
CHPS.TO
RING.TO vs. CHPS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Equal Weight Canadian Telecommunications Index ETF (RING.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.
| RING.TO | CHPS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.00 | ||
| Sortino ratioReturn per unit of downside risk | -3.46 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.38 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 6.81 | -7.31 |
| Martin ratioReturn relative to average drawdown | -1.42 | 18.24 | -19.66 |
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Drawdowns
RING.TO vs. CHPS.TO - Drawdown Comparison
The maximum RING.TO drawdown since its inception was -20.62%, smaller than the maximum CHPS.TO drawdown of -48.16%. Use the drawdown chart below to compare losses from any high point for RING.TO and CHPS.TO.
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Drawdown Indicators
| RING.TO | CHPS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.62% | -48.16% | +27.54% |
Max Drawdown (1Y)Largest decline over 1 year | -17.49% | -13.35% | -4.14% |
Max Drawdown (3Y)Largest decline over 3 years | — | -37.49% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -48.16% | — |
Current DrawdownCurrent decline from peak | -14.76% | -9.95% | -4.81% |
Average DrawdownAverage peak-to-trough decline | -6.82% | -13.74% | +6.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.13% | 4.96% | +1.17% |
Volatility
RING.TO vs. CHPS.TO - Volatility Comparison
The current volatility for Global X Equal Weight Canadian Telecommunications Index ETF (RING.TO) is 6.61%, while Global X Artificial Intelligence Semiconductor Index ETF (CHPS.TO) has a volatility of 17.48%. This indicates that RING.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.
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Volatility by Period
| RING.TO | CHPS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.61% | 17.48% | -10.87% |
Volatility (6M)Calculated over the trailing 6-month period | 12.24% | 31.69% | -19.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.69% | 37.90% | -23.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.70% | 35.22% | -18.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.70% | 35.08% | -18.38% |
Dividends
RING.TO vs. CHPS.TO - Dividend Comparison
RING.TO's dividend yield for the trailing twelve months is around 6.41%, more than CHPS.TO's 0.01% yield.
| 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% |
RING.TO Global X Equal Weight Canadian Telecommunications Index ETF | 6.41% | 6.32% | 1.25% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RING.TO and CHPS.TO have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RING.TO is categorized as Communications Equities, while CHPS.TO is Semiconductors.
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