SMVP.TO vs. XCHP.TO

Last updated Jul 1, 2026

SMVP.TO (HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD Hedged)) and XCHP.TO (iShares Semiconductor Index ETF) are both exchange-traded funds - SMVP.TO is a Large Cap Blend Equities fund tracking the Solactive United States Dividend Elite Champions Index, while XCHP.TO is a Semiconductors fund tracking the NYSE Semiconductor Index. Both are passively managed. Over the past year, SMVP.TO returned 12.68% vs 179.27% for XCHP.TO. At a 0.20 correlation, their price movements are largely independent. SMVP.TO charges 0.00%/yr vs 0.39%/yr for XCHP.TO.

Performance

SMVP.TO vs. XCHP.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD Hedged) (SMVP.TO) and iShares Semiconductor Index ETF (XCHP.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMVP.TO achieves a 9.20% return, which is significantly lower than XCHP.TO's 120.01% return.

SMVP.TO

• 1D: -0.17%
• 1M: 3.61%
• YTD: 9.20%
• 6M: 8.61%
• 1Y: 12.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XCHP.TO

• 1D: 4.20%
• 1M: 15.93%
• YTD: 120.01%
• 6M: 117.26%
• 1Y: 179.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SMVP.TO vs. XCHP.TO - Yearly Performance Comparison

	2026 (YTD)	2025
SMVP.TO HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD Hedged)	9.20%	3.24%
XCHP.TO iShares Semiconductor Index ETF	120.01%	24.99%

Correlation

The correlation between SMVP.TO and XCHP.TO is 0.09, 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	0.09
Correlation (All Time) Calculated using the full available price history since Jan 27, 2025	0.20

The correlation between SMVP.TO and XCHP.TO shifts across timeframes, from 0.09 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SMVP.TO vs. XCHP.TO — Risk / Return Rank

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

SMVP.TO

SMVP.TO Risk / Return Rank: 39
SMVP.TO Sharpe Ratio Rank: 39
SMVP.TO Sortino Ratio Rank: 39
SMVP.TO Omega Ratio Rank: 36
SMVP.TO Calmar Ratio Rank: 45
SMVP.TO Martin Ratio Rank: 34

XCHP.TO

XCHP.TO Risk / Return Rank: 97
XCHP.TO Sharpe Ratio Rank: 98
XCHP.TO Sortino Ratio Rank: 95
XCHP.TO Omega Ratio Rank: 95
XCHP.TO Calmar Ratio Rank: 98
XCHP.TO Martin Ratio Rank: 98

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.

SMVP.TO vs. XCHP.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD Hedged) (SMVP.TO) and iShares Semiconductor Index ETF (XCHP.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.

	SMVP.TO	XCHP.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.24	4.64	-3.40
Sortino ratio: Return per unit of downside risk	1.82	4.43	-2.61
Omega ratio: Gain probability vs. loss probability	1.22	1.62	-0.40
Calmar ratio: Return relative to maximum drawdown	1.98	12.69	-10.71
Martin ratio: Return relative to average drawdown	4.50	42.11	-37.61

SMVP.TO vs. XCHP.TO - Sharpe Ratio Comparison

The current SMVP.TO Sharpe Ratio is 1.24, which is lower than the XCHP.TO Sharpe Ratio of 4.64. The chart below compares the historical Sharpe Ratios of SMVP.TO and XCHP.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

SMVP.TO vs. XCHP.TO - Drawdown Comparison

The maximum SMVP.TO drawdown since its inception was -12.11%, smaller than the maximum XCHP.TO drawdown of -39.06%. Use the drawdown chart below to compare losses from any high point for SMVP.TO and XCHP.TO.

Drawdown Indicators

	SMVP.TO	XCHP.TO	Difference
Max Drawdown Largest peak-to-trough decline	-12.11%	-39.06%	+26.95%
Max Drawdown (1Y) Largest decline over 1 year	-6.44%	-14.22%	+7.78%
Current Drawdown Current decline from peak	-1.66%	-1.88%	+0.22%
Average Drawdown Average peak-to-trough decline	-2.62%	-8.16%	+5.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	4.28%	-1.45%

Volatility

SMVP.TO vs. XCHP.TO - Volatility Comparison

The current volatility for HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD Hedged) (SMVP.TO) is 3.40%, while iShares Semiconductor Index ETF (XCHP.TO) has a volatility of 21.71%. This indicates that SMVP.TO experiences smaller price fluctuations and is considered to be less risky than XCHP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SMVP.TO	XCHP.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.40%	21.71%	-18.31%
Volatility (6M) Calculated over the trailing 6-month period	7.69%	32.67%	-24.98%
Volatility (1Y) Calculated over the trailing 1-year period	10.27%	38.89%	-28.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.15%	38.24%	-25.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.15%	38.24%	-25.09%

SMVP.TO vs. XCHP.TO - Expense Ratio Comparison

SMVP.TO has a 0.00% expense ratio, which is lower than XCHP.TO's 0.39% expense ratio.

Dividends

SMVP.TO vs. XCHP.TO - Dividend Comparison

SMVP.TO's dividend yield for the trailing twelve months is around 2.00%, more than XCHP.TO's 0.04% yield.

Position	TTM	2025
SMVP.TO HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD Hedged)	2.00%	1.93%
XCHP.TO iShares Semiconductor Index ETF	0.04%	0.00%

Frequently Asked Questions

Can I hold both SMVP.TO and XCHP.TO in my portfolio?

SMVP.TO and XCHP.TO have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SMVP.TO or XCHP.TO?

On fees, SMVP.TO is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SMVP.TO or XCHP.TO?

SMVP.TO is cheaper with a 0.00% expense ratio, compared with 0.39% for XCHP.TO.

What is the main difference between SMVP.TO and XCHP.TO?

SMVP.TO is categorized as Large Cap Blend Equities, while XCHP.TO is Semiconductors. SMVP.TO tracks Solactive United States Dividend Elite Champions Index, while XCHP.TO tracks NYSE Semiconductor Index. They also come from different issuers: Hamilton Capital and iShares. Their fees differ too: 0.00% for SMVP.TO and 0.39% for XCHP.TO.