TPU.TO vs. CHPS-U.TO

Last updated Jun 4, 2026

TPU.TO (TD U.S. Equity Index ETF) and CHPS-U.TO (Global X Artificial Intelligence Semiconductor Index ETF) are both exchange-traded funds - TPU.TO is a Large Cap Blend Equities fund tracking the Solactive US Large Cap CAD Index, while CHPS-U.TO is a Semiconductors fund tracking the PHLX US AI Semiconductor Index. Both are passively managed. Over the past 3 years, TPU.TO returned 23.84%/yr vs 50.72%/yr for CHPS-U.TO. At a 0.16 correlation, their price movements are largely independent. TPU.TO charges 0.06%/yr vs 0.63%/yr for CHPS-U.TO.

Performance

TPU.TO vs. CHPS-U.TO - Performance Comparison

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

Different Trading Currencies

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

Returns By Period

In the year-to-date period, TPU.TO achieves a 12.48% return, which is significantly lower than CHPS-U.TO's 62.44% return.

TPU.TO

• 1D: -0.27%
• 1M: 7.38%
• YTD: 12.48%
• 6M: 10.60%
• 1Y: 29.73%
• 3Y*: 23.84%
• 5Y*: 16.57%
• 10Y*: 16.10%

CHPS-U.TO

• 1D: 0.00%
• 1M: 26.43%
• YTD: 62.44%
• 6M: 58.58%
• 1Y: 135.37%
• 3Y*: 50.72%
• 5Y*: —
• 10Y*: —

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

TPU.TO vs. CHPS-U.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TPU.TO TD U.S. Equity Index ETF	12.48%	12.69%	34.82%	24.24%	-14.31%	15.24%
CHPS-U.TO Global X Artificial Intelligence Semiconductor Index ETF	64.94%	44.87%	21.17%	71.89%	-39.05%	-0.40%

Correlation

The correlation between TPU.TO and CHPS-U.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (All Time) Calculated using the full available price history since Jun 22, 2021	0.16

Return for Risk

TPU.TO vs. CHPS-U.TO — Risk / Return Rank

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

TPU.TO

TPU.TO Risk / Return Rank: 73
TPU.TO Sharpe Ratio Rank: 76
TPU.TO Sortino Ratio Rank: 74
TPU.TO Omega Ratio Rank: 77
TPU.TO Calmar Ratio Rank: 68
TPU.TO Martin Ratio Rank: 68

CHPS-U.TO

CHPS-U.TO Risk / Return Rank: 94
CHPS-U.TO Sharpe Ratio Rank: 95
CHPS-U.TO Sortino Ratio Rank: 91
CHPS-U.TO Omega Ratio Rank: 91
CHPS-U.TO Calmar Ratio Rank: 97
CHPS-U.TO Martin Ratio Rank: 95

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.

TPU.TO vs. CHPS-U.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD U.S. Equity Index ETF (TPU.TO) and Global X Artificial Intelligence Semiconductor Index ETF (CHPS-U.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.

	TPU.TO	CHPS-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.53	3.91	-1.38
Sortino ratio: Return per unit of downside risk	3.42	4.34	-0.92
Omega ratio: Gain probability vs. loss probability	1.46	1.60	-0.14
Calmar ratio: Return relative to maximum drawdown	3.44	9.95	-6.51
Martin ratio: Return relative to average drawdown	12.86	32.16	-19.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TPU.TO vs. CHPS-U.TO - Sharpe Ratio Comparison

The current TPU.TO Sharpe Ratio is 2.53, which is lower than the CHPS-U.TO Sharpe Ratio of 3.91. The chart below compares the historical Sharpe Ratios of TPU.TO and CHPS-U.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.

Sharpe Ratios by Period

	TPU.TO	CHPS-U.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.53	3.91	-1.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.09	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.97	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	0.64	+0.33

Drawdowns

TPU.TO vs. CHPS-U.TO - Drawdown Comparison

The maximum TPU.TO drawdown since its inception was -27.96%, smaller than the maximum CHPS-U.TO drawdown of -48.89%. Use the drawdown chart below to compare losses from any high point for TPU.TO and CHPS-U.TO.

Drawdown Indicators

	TPU.TO	CHPS-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-27.96%	-48.89%	+20.93%
Max Drawdown (1Y) Largest decline over 1 year	-8.68%	-13.68%	+5.00%
Max Drawdown (3Y) Largest decline over 3 years	-19.30%	-36.00%	+16.70%
Max Drawdown (5Y) Largest decline over 5 years	-23.73%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-27.96%	—	—
Current Drawdown Current decline from peak	-0.27%	0.00%	-0.27%
Average Drawdown Average peak-to-trough decline	-3.96%	-15.05%	+11.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	4.23%	-1.91%

Volatility

TPU.TO vs. CHPS-U.TO - Volatility Comparison

The current volatility for TD U.S. Equity Index ETF (TPU.TO) is 3.23%, while Global X Artificial Intelligence Semiconductor Index ETF (CHPS-U.TO) has a volatility of 11.05%. This indicates that TPU.TO experiences smaller price fluctuations and is considered to be less risky than CHPS-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TPU.TO	CHPS-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.23%	11.05%	-7.82%
Volatility (6M) Calculated over the trailing 6-month period	8.83%	27.21%	-18.38%
Volatility (1Y) Calculated over the trailing 1-year period	11.81%	34.86%	-23.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.31%	38.67%	-23.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.60%	38.67%	-22.07%

TPU.TO vs. CHPS-U.TO - Expense Ratio Comparison

TPU.TO has a 0.06% expense ratio, which is lower than CHPS-U.TO's 0.63% expense ratio.

Dividends

TPU.TO vs. CHPS-U.TO - Dividend Comparison

TPU.TO's dividend yield for the trailing twelve months is around 0.85%, while CHPS-U.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CHPS-U.TO Global X Artificial Intelligence Semiconductor Index ETF	0.00%	0.01%	0.14%	0.40%	0.72%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%
TPU.TO TD U.S. Equity Index ETF	0.85%	0.96%	0.90%	1.22%	1.34%	0.99%	1.23%	1.23%	1.57%	1.59%	1.33%

Frequently Asked Questions

Can I hold both TPU.TO and CHPS-U.TO in my portfolio?

TPU.TO and CHPS-U.TO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TPU.TO or CHPS-U.TO?

On fees, TPU.TO is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TPU.TO or CHPS-U.TO?

TPU.TO is cheaper with a 0.06% expense ratio, compared with 0.63% for CHPS-U.TO.

What is the main difference between TPU.TO and CHPS-U.TO?

TPU.TO is categorized as Large Cap Blend Equities, while CHPS-U.TO is Semiconductors. TPU.TO tracks Solactive US Large Cap CAD Index, while CHPS-U.TO tracks PHLX US AI Semiconductor Index. They also come from different issuers: TD and Global X. Their fees differ too: 0.06% for TPU.TO and 0.63% for CHPS-U.TO.