SOXQ vs. CHPS

Last updated Jun 24, 2026

SOXQ (Invesco PHLX Semiconductor ETF) and CHPS (Xtrackers Semiconductor Select Equity ETF) are both Semiconductors funds - SOXQ tracks the PHLX Semiconductor Sector Index while CHPS tracks the Solactive Semiconductor ESG Screened Index. Both are passively managed. Over the past year, SOXQ returned 158.27% vs 199.74% for CHPS. With a 0.96 correlation, they move nearly in lockstep. SOXQ charges 0.19%/yr vs 0.15%/yr for CHPS.

Performance

SOXQ vs. CHPS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco PHLX Semiconductor ETF (SOXQ) and Xtrackers Semiconductor Select Equity ETF (CHPS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SOXQ achieves a 90.62% return, which is significantly lower than CHPS's 107.68% return.

SOXQ

• 1D: -7.82%
• 1M: 10.55%
• YTD: 90.62%
• 6M: 87.99%
• 1Y: 158.27%
• 3Y*: 57.61%
• 5Y*: 34.04%
• 10Y*: —

CHPS

• 1D: -8.79%
• 1M: 14.08%
• YTD: 107.68%
• 6M: 109.36%
• 1Y: 199.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOXQ vs. CHPS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SOXQ Invesco PHLX Semiconductor ETF	90.62%	43.11%	20.16%	12.64%
CHPS Xtrackers Semiconductor Select Equity ETF	107.68%	58.47%	7.75%	10.88%

Correlation

The correlation between SOXQ and CHPS is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jul 13, 2023	0.96

The correlation between SOXQ and CHPS has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

SOXQ vs. CHPS - Sectors Allocation Comparison

Sectors	SOXQ	CHPS
Technology	100.0%	99.6%
Financial Services	0.1%	0.2%
Basic Materials	-	-
Communication Services	-	0.0%
Consumer Cyclical	-	0.0%
Consumer Defensive	-	0.0%
Energy	-	0.6%
Healthcare	-	-
Industrials	-	0.4%
Real Estate	-	-
Utilities	-	-

Return for Risk

SOXQ vs. CHPS — Risk / Return Rank

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

SOXQ

SOXQ Risk / Return Rank: 94
SOXQ Sharpe Ratio Rank: 96
SOXQ Sortino Ratio Rank: 90
SOXQ Omega Ratio Rank: 92
SOXQ Calmar Ratio Rank: 97
SOXQ Martin Ratio Rank: 96

CHPS

CHPS Risk / Return Rank: 96
CHPS Sharpe Ratio Rank: 98
CHPS Sortino Ratio Rank: 94
CHPS Omega Ratio Rank: 94
CHPS Calmar Ratio Rank: 98
CHPS Martin Ratio Rank: 97

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.

SOXQ vs. CHPS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco PHLX Semiconductor ETF (SOXQ) and Xtrackers Semiconductor Select Equity ETF (CHPS). 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.

	SOXQ	CHPS	Difference
Sharpe ratio: Return per unit of total volatility	4.11	5.05	-0.94
Sortino ratio: Return per unit of downside risk	4.02	4.70	-0.67
Omega ratio: Gain probability vs. loss probability	1.58	1.66	-0.08
Calmar ratio: Return relative to maximum drawdown	10.22	11.49	-1.28
Martin ratio: Return relative to average drawdown	36.68	42.41	-5.73

SOXQ vs. CHPS - Sharpe Ratio Comparison

The current SOXQ Sharpe Ratio is 4.11, which is comparable to the CHPS Sharpe Ratio of 5.05. The chart below compares the historical Sharpe Ratios of SOXQ and CHPS, 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

SOXQ vs. CHPS - Drawdown Comparison

The maximum SOXQ drawdown since its inception was -46.01%, which is greater than CHPS's maximum drawdown of -39.44%. Use the drawdown chart below to compare losses from any high point for SOXQ and CHPS.

Drawdown Indicators

	SOXQ	CHPS	Difference
Max Drawdown Largest peak-to-trough decline	-46.01%	-39.44%	-6.57%
Max Drawdown (1Y) Largest decline over 1 year	-15.59%	-17.50%	+1.91%
Max Drawdown (3Y) Largest decline over 3 years	-39.36%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-46.01%	—	—
Current Drawdown Current decline from peak	-7.82%	-8.79%	+0.97%
Average Drawdown Average peak-to-trough decline	-12.87%	-9.08%	-3.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.33%	4.73%	-0.40%

Volatility

SOXQ vs. CHPS - Volatility Comparison

Invesco PHLX Semiconductor ETF (SOXQ) and Xtrackers Semiconductor Select Equity ETF (CHPS) have volatilities of 22.04% and 22.65%, 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.

Volatility by Period

	SOXQ	CHPS	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.04%	22.65%	-0.61%
Volatility (6M) Calculated over the trailing 6-month period	32.49%	34.27%	-1.78%
Volatility (1Y) Calculated over the trailing 1-year period	38.78%	39.81%	-1.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.34%	35.53%	+1.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.24%	35.53%	+1.71%

SOXQ vs. CHPS - Expense Ratio Comparison

SOXQ has a 0.19% expense ratio, which is higher than CHPS's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SOXQ vs. CHPS - Dividend Comparison

SOXQ's dividend yield for the trailing twelve months is around 0.27%, less than CHPS's 0.31% yield.

Position	TTM	2025	2024	2023	2022	2021
CHPS Xtrackers Semiconductor Select Equity ETF	0.31%	0.68%	1.75%	0.36%	0.00%	0.00%
SOXQ Invesco PHLX Semiconductor ETF	0.27%	0.50%	0.68%	0.87%	1.36%	0.72%

Frequently Asked Questions

Can I hold both SOXQ and CHPS in my portfolio?

With a correlation of 0.97, SOXQ and CHPS 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 is riskier, SOXQ or CHPS?

CHPS has higher volatility (22.65%) compared to SOXQ (22.04%). In terms of maximum drawdown, SOXQ dropped -46.01% vs CHPS's -39.44%.

Which ETF is better, SOXQ or CHPS?

On 1-year performance, CHPS leads with 199.74% vs 158.27% for SOXQ. On fees, CHPS is cheaper at 0.15% per year. On volatility, SOXQ has been the lower-risk option at 22.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SOXQ or CHPS?

Over the 1-year period, CHPS has performed better with a 199.74% return vs 158.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SOXQ or CHPS?

CHPS is cheaper with a 0.15% expense ratio, compared with 0.19% for SOXQ.

Which ETF pays a higher dividend yield, SOXQ or CHPS?

CHPS has the higher dividend yield at 0.31%, compared with 0.27% for SOXQ.

What is the main difference between SOXQ and CHPS?

SOXQ tracks PHLX Semiconductor Sector Index, while CHPS tracks Solactive Semiconductor ESG Screened Index. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.19% for SOXQ and 0.15% for CHPS.

Which has better risk-adjusted returns?

CHPS currently has the higher Sharpe Ratio (5.05 vs 4.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.