USNZ vs. CHPS

Last updated Jun 4, 2026

USNZ (Xtrackers Net Zero Pathway Paris Aligned US Equity ETF) and CHPS (Xtrackers Semiconductor Select Equity ETF) are both exchange-traded funds - USNZ is a Large Cap Blend Equities fund tracking the Solactive ISS ESG United States Net Zero Pathway Enhanced Index - Benchmark TR Net, while CHPS is a Semiconductors fund tracking the Solactive Semiconductor ESG Screened Index - Benchmark TR Gross. Both are passively managed. Over the past year, USNZ returned 28.98% vs 223.67% for CHPS. A 0.76 correlation means they provide meaningful diversification when combined. USNZ charges 0.10%/yr vs 0.15%/yr for CHPS.

Performance

USNZ vs. CHPS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ) 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, USNZ achieves a 10.92% return, which is significantly lower than CHPS's 107.97% return.

USNZ

• 1D: -0.68%
• 1M: 6.41%
• YTD: 10.92%
• 6M: 10.66%
• 1Y: 28.98%
• 3Y*: 21.25%
• 5Y*: —
• 10Y*: —

CHPS

• 1D: 1.86%
• 1M: 32.32%
• YTD: 107.97%
• 6M: 109.04%
• 1Y: 223.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

USNZ vs. CHPS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF	10.92%	17.76%	21.96%	6.59%
CHPS Xtrackers Semiconductor Select Equity ETF	107.97%	58.47%	7.75%	10.88%

Correlation

The correlation between USNZ and CHPS is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (All Time) Calculated using the full available price history since Jul 14, 2023	0.76

The correlation between USNZ and CHPS has been stable across timeframes, ranging from 0.72 to 0.76 - a consistent structural relationship.

USNZ vs. CHPS - Sectors Allocation Comparison

Sectors	USNZ	CHPS
Technology	41.9%	98.8%
Communication Services	13.4%	-
Healthcare	11.2%	-
Financial Services	10.5%	0.2%
Consumer Cyclical	10.5%	-
Industrials	3.5%	0.4%
Consumer Defensive	3.4%	-
Real Estate	3.3%	-
Basic Materials	1.3%	-
Utilities	1.1%	-
Energy	0.0%	0.5%

Return for Risk

USNZ vs. CHPS — Risk / Return Rank

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

USNZ

USNZ Risk / Return Rank: 64
USNZ Sharpe Ratio Rank: 69
USNZ Sortino Ratio Rank: 68
USNZ Omega Ratio Rank: 67
USNZ Calmar Ratio Rank: 54
USNZ Martin Ratio Rank: 64

CHPS

CHPS Risk / Return Rank: 97
CHPS Sharpe Ratio Rank: 99
CHPS Sortino Ratio Rank: 97
CHPS Omega Ratio Rank: 96
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.

USNZ vs. CHPS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ) 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.

	USNZ	CHPS	Difference
Sharpe ratio: Return per unit of total volatility	2.24	6.54	-4.31
Sortino ratio: Return per unit of downside risk	3.09	6.07	-2.97
Omega ratio: Gain probability vs. loss probability	1.40	1.81	-0.41
Calmar ratio: Return relative to maximum drawdown	2.63	12.87	-10.24
Martin ratio: Return relative to average drawdown	11.59	49.99	-38.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USNZ vs. CHPS - Sharpe Ratio Comparison

The current USNZ Sharpe Ratio is 2.24, which is lower than the CHPS Sharpe Ratio of 6.54. The chart below compares the historical Sharpe Ratios of USNZ 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.

Sharpe Ratios by Period

	USNZ	CHPS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.24	6.54	-4.31
Sharpe Ratio (All Time) Calculated using the full available price history	1.21	1.81	-0.60

Drawdowns

USNZ vs. CHPS - Drawdown Comparison

The maximum USNZ drawdown since its inception was -19.16%, smaller than the maximum CHPS drawdown of -39.44%. Use the drawdown chart below to compare losses from any high point for USNZ and CHPS.

Drawdown Indicators

	USNZ	CHPS	Difference
Max Drawdown Largest peak-to-trough decline	-19.16%	-39.44%	+20.28%
Max Drawdown (1Y) Largest decline over 1 year	-11.07%	-17.50%	+6.43%
Max Drawdown (3Y) Largest decline over 3 years	-19.16%	—	—
Current Drawdown Current decline from peak	-0.68%	0.00%	-0.68%
Average Drawdown Average peak-to-trough decline	-3.32%	-9.16%	+5.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.51%	4.50%	-1.99%

Volatility

USNZ vs. CHPS - Volatility Comparison

The current volatility for Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ) is 3.37%, while Xtrackers Semiconductor Select Equity ETF (CHPS) has a volatility of 14.18%. This indicates that USNZ experiences smaller price fluctuations and is considered to be less risky than CHPS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USNZ	CHPS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.37%	14.18%	-10.81%
Volatility (6M) Calculated over the trailing 6-month period	10.13%	28.19%	-18.06%
Volatility (1Y) Calculated over the trailing 1-year period	13.02%	34.43%	-21.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.63%	33.78%	-17.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.63%	33.78%	-17.15%

USNZ vs. CHPS - Expense Ratio Comparison

USNZ has a 0.10% expense ratio, which is lower than CHPS's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

USNZ vs. CHPS - Dividend Comparison

USNZ's dividend yield for the trailing twelve months is around 0.94%, more than CHPS's 0.32% yield.

Position	TTM	2025	2024	2023	2022
CHPS Xtrackers Semiconductor Select Equity ETF	0.32%	0.68%	1.75%	0.36%	0.00%
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF	0.94%	1.02%	1.14%	1.19%	0.80%

Frequently Asked Questions

Can I hold both USNZ and CHPS in my portfolio?

USNZ and CHPS have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USNZ or CHPS?

CHPS has higher volatility (14.18%) compared to USNZ (3.37%). In terms of maximum drawdown, USNZ dropped -19.16% vs CHPS's -39.44%.

Which ETF is better, USNZ or CHPS?

On 1-year performance, CHPS leads with 223.67% vs 28.98% for USNZ. On fees, USNZ is cheaper at 0.10% per year. On volatility, USNZ has been the lower-risk option at 3.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USNZ or CHPS?

Over the 1-year period, CHPS has performed better with a 223.67% return vs 28.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USNZ or CHPS?

USNZ is cheaper with a 0.10% expense ratio, compared with 0.15% for CHPS.

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

USNZ has the higher dividend yield at 0.94%, compared with 0.32% for CHPS.

What is the main difference between USNZ and CHPS?

USNZ is categorized as Large Cap Blend Equities, while CHPS is Semiconductors. USNZ tracks Solactive ISS ESG United States Net Zero Pathway Enhanced Index - Benchmark TR Net, while CHPS tracks Solactive Semiconductor ESG Screened Index - Benchmark TR Gross. Their fees differ too: 0.10% for USNZ and 0.15% for CHPS.

Which has better risk-adjusted returns?

CHPS currently has the higher Sharpe Ratio (6.54 vs 2.24), 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.