SMHX vs. CHPX

Last updated Jun 24, 2026

SMHX (VanEck Fabless Semiconductor ETF) and CHPX (Global X AI Semiconductor & Quantum ETF) are both Semiconductors funds - SMHX tracks the MarketVector™ US Listed Fabless Semiconductor Index while CHPX tracks the Global X AI Semiconductor & Quantum Index. Both are passively managed. Their correlation of 0.92 suggests significant overlap in exposure. SMHX charges 0.35%/yr vs 0.50%/yr for CHPX.

Performance

SMHX vs. CHPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Fabless Semiconductor ETF (SMHX) and Global X AI Semiconductor & Quantum ETF (CHPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMHX achieves a 64.32% return, which is significantly lower than CHPX's 88.06% return.

SMHX

• 1D: -5.60%
• 1M: 3.65%
• YTD: 64.32%
• 6M: 61.18%
• 1Y: 113.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CHPX

• 1D: -7.33%
• 1M: 8.43%
• YTD: 88.06%
• 6M: 88.12%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SMHX vs. CHPX - Yearly Performance Comparison

	2026 (YTD)	2025
SMHX VanEck Fabless Semiconductor ETF	64.32%	-0.63%
CHPX Global X AI Semiconductor & Quantum ETF	88.06%	6.91%

Correlation

The correlation between SMHX and CHPX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	0.92

Return for Risk

SMHX vs. CHPX — Risk / Return Rank

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

SMHX

SMHX Risk / Return Rank: 87
SMHX Sharpe Ratio Rank: 92
SMHX Sortino Ratio Rank: 80
SMHX Omega Ratio Rank: 81
SMHX Calmar Ratio Rank: 94
SMHX Martin Ratio Rank: 87

CHPX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

SMHX vs. CHPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Fabless Semiconductor ETF (SMHX) and Global X AI Semiconductor & Quantum ETF (CHPX). 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.

	SMHX	CHPX	Difference
Sharpe ratio: Return per unit of total volatility	3.11	—	—
Sortino ratio: Return per unit of downside risk	3.36	—	—
Omega ratio: Gain probability vs. loss probability	1.46	—	—
Calmar ratio: Return relative to maximum drawdown	6.69	—	—
Martin ratio: Return relative to average drawdown	17.96	—	—

Drawdowns

SMHX vs. CHPX - Drawdown Comparison

The maximum SMHX drawdown since its inception was -38.53%, which is greater than CHPX's maximum drawdown of -15.15%. Use the drawdown chart below to compare losses from any high point for SMHX and CHPX.

Drawdown Indicators

	SMHX	CHPX	Difference
Max Drawdown Largest peak-to-trough decline	-38.53%	-15.15%	-23.38%
Max Drawdown (1Y) Largest decline over 1 year	-17.06%	—	—
Current Drawdown Current decline from peak	-7.91%	-7.33%	-0.58%
Average Drawdown Average peak-to-trough decline	-7.34%	-3.96%	-3.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.34%	—	—

Volatility

Volatility by Period

	SMHX	CHPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.93%	—	—
Volatility (6M) Calculated over the trailing 6-month period	29.76%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	36.70%	42.69%	-5.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.48%	42.69%	-1.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.48%	42.69%	-1.21%

SMHX vs. CHPX - Expense Ratio Comparison

SMHX has a 0.35% expense ratio, which is lower than CHPX's 0.50% expense ratio.

Dividends

SMHX vs. CHPX - Dividend Comparison

SMHX's dividend yield for the trailing twelve months is around 0.01%, less than CHPX's 0.03% yield.

Position	TTM	2025	2024
CHPX Global X AI Semiconductor & Quantum ETF	0.03%	0.06%	0.00%
SMHX VanEck Fabless Semiconductor ETF	0.01%	0.02%	0.04%

Frequently Asked Questions

Can I hold both SMHX and CHPX in my portfolio?

With a correlation of 0.92, SMHX and CHPX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, SMHX or CHPX?

On fees, SMHX is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SMHX or CHPX?

SMHX is cheaper with a 0.35% expense ratio, compared with 0.50% for CHPX.

Which ETF pays a higher dividend yield, SMHX or CHPX?

CHPX has the higher dividend yield at 0.03%, compared with 0.01% for SMHX.

What is the main difference between SMHX and CHPX?

SMHX tracks MarketVector™ US Listed Fabless Semiconductor Index, while CHPX tracks Global X AI Semiconductor & Quantum Index. They also come from different issuers: VanEck and Global X. Their fees differ too: 0.35% for SMHX and 0.50% for CHPX.