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SMH vs. CHPS.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

SMH vs. CHPS.TO

Last updated Apr 2, 2026

Compare and contrast key facts about VanEck Semiconductor ETF (SMH) and Global X Artificial Intelligence Semiconductor Index ETF (CHPS.TO).

SMH and CHPS.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011. CHPS.TO is a passively managed fund by Global X that tracks the performance of the PHLX US AI Semiconductor Index. It was launched on Jun 21, 2021. Both SMH and CHPS.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SMH vs. CHPS.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Semiconductor ETF (SMH) and Global X Artificial Intelligence Semiconductor Index ETF (CHPS.TO). The values are adjusted to include any dividend payments, if applicable.

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SMH vs. CHPS.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021
SMH
VanEck Semiconductor ETF		8.84%49.17%39.10%73.38%-33.53%24.58%
CHPS.TO
Global X Artificial Intelligence Semiconductor Index ETF		6.88%52.92%10.87%72.03%-42.01%19.41%
Different Trading Currencies

SMH is traded in USD, while CHPS.TO is traded in CAD. To make them comparable, the CHPS.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SMH achieves a 8.84% return, which is significantly higher than CHPS.TO's 4.89% return.

SMH

1D
2.24%
1M
-3.55%
YTD
8.84%
6M
17.83%
1Y
85.04%
3Y*
44.53%
5Y*
26.15%
10Y*
31.58%

CHPS.TO

1D
0.00%
1M
-4.23%
YTD
4.89%
6M
10.33%
1Y
79.40%
3Y*
33.53%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

VanEck Semiconductor ETF

Global X Artificial Intelligence Semiconductor Index ETF

Often compared with SMH:
SMH vs. SOXXSMH vs. QQQSMH vs. VGTSMH vs. FSELXSMH vs. SPYSMH vs. SMHXSMH vs. XLK
Often compared with CHPS.TO:
CHPS.TO vs. CHPS-U.TOCHPS.TO vs. CHPSCHPS.TO vs. XEQT.TOCHPS.TO vs. CIAI.TOCHPS.TO vs. XQQ.TOCHPS.TO vs. VFV.TOCHPS.TO vs. QQC.TO

SMH vs. CHPS.TO - Expense Ratio Comparison

SMH has a 0.35% expense ratio, which is lower than CHPS.TO's 0.63% expense ratio.

CHPS.TO
Global X Artificial Intelligence Semiconductor Index ETF
SMH
VanEck Semiconductor ETF

Return for Risk

SMH vs. CHPS.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SMH
SMH Risk / Return Rank: 9595
Overall Rank
SMH Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
SMH Sortino Ratio Rank: 9393
Sortino Ratio Rank
SMH Omega Ratio Rank: 9292
Omega Ratio Rank
SMH Calmar Ratio Rank: 9797
Calmar Ratio Rank
SMH Martin Ratio Rank: 9797
Martin Ratio Rank
CHPS.TO
CHPS.TO Risk / Return Rank: 9292
Overall Rank
CHPS.TO Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
CHPS.TO Sortino Ratio Rank: 9090
Sortino Ratio Rank
CHPS.TO Omega Ratio Rank: 8989
Omega Ratio Rank
CHPS.TO Calmar Ratio Rank: 9797
Calmar Ratio Rank
CHPS.TO Martin Ratio Rank: 9595
Martin Ratio Rank
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.

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

This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor ETF (SMH) 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.

SMHCHPS.TODifference

Sharpe ratio

Return per unit of total volatility

2.32

2.09

+0.23

Sortino ratio

Return per unit of downside risk

2.92

2.74

+0.18

Omega ratio

Gain probability vs. loss probability

1.41

1.39

+0.03

Calmar ratio

Return relative to maximum drawdown

5.39

5.17

+0.22

Martin ratio

Return relative to average drawdown

19.22

16.79

+2.43

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SMH vs. CHPS.TO - Sharpe Ratio Comparison

The current SMH Sharpe Ratio is 2.32, which is comparable to the CHPS.TO Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of SMH and CHPS.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

SMHCHPS.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.32

2.09

+0.23

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.76

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.98

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.28

0.47

-0.19

Correlation

The correlation between SMH and CHPS.TO is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

SMH vs. CHPS.TO - Dividend Comparison

SMH's dividend yield for the trailing twelve months is around 0.28%, more than CHPS.TO's 0.01% yield.

TTM20252024202320222021202020192018201720162015
SMH
VanEck Semiconductor ETF		0.28%0.31%0.44%0.60%1.18%0.51%0.69%1.50%1.88%1.43%0.80%2.14%
CHPS.TO
Global X Artificial Intelligence Semiconductor Index ETF		0.01%0.01%0.20%0.53%0.97%0.01%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

SMH vs. CHPS.TO - Drawdown Comparison

The maximum SMH drawdown since its inception was -84.96%, which is greater than CHPS.TO's maximum drawdown of -52.53%. Use the drawdown chart below to compare losses from any high point for SMH and CHPS.TO.

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Drawdown Indicators

SMHCHPS.TODifference

Max Drawdown

Largest peak-to-trough decline

-84.96%

-48.16%

-36.80%

Max Drawdown (1Y)

Largest decline over 1 year

-15.95%

-15.68%

-0.27%

Max Drawdown (5Y)

Largest decline over 5 years

-45.30%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-45.30%

—

—

Current Drawdown

Current decline from peak

-8.02%

-6.29%

-1.73%

Average Drawdown

Average peak-to-trough decline

-41.35%

-14.35%

-27.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.47%

4.97%

-0.50%

Volatility

SMH vs. CHPS.TO - Volatility Comparison

VanEck Semiconductor ETF (SMH) and Global X Artificial Intelligence Semiconductor Index ETF (CHPS.TO) have volatilities of 11.74% and 11.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SMHCHPS.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

11.74%

11.66%

+0.08%

Volatility (6M)

Calculated over the trailing 6-month period

24.02%

25.09%

-1.07%

Volatility (1Y)

Calculated over the trailing 1-year period

36.88%

38.25%

-1.37%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

34.68%

36.28%

-1.60%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

32.29%

36.28%

-3.99%