VPN vs. CHPS

Last updated Jun 4, 2026

VPN (Global X Data Center REITs & Digital Infrastructure ETF) and CHPS (Xtrackers Semiconductor Select Equity ETF) are both exchange-traded funds - VPN is a Technology Equities fund tracking the Solactive Data Center REITs & Digital Infrastructure Index, while CHPS is a Semiconductors fund tracking the Solactive Semiconductor ESG Screened Index - Benchmark TR Gross. Both are passively managed. Over the past year, VPN returned 84.73% vs 223.67% for CHPS. A 0.68 correlation means they provide meaningful diversification when combined. VPN charges 0.50%/yr vs 0.15%/yr for CHPS.

Performance

VPN vs. CHPS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Data Center REITs & Digital Infrastructure ETF (VPN) 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, VPN achieves a 52.56% return, which is significantly lower than CHPS's 107.97% return.

VPN

• 1D: -0.74%
• 1M: 11.31%
• YTD: 52.56%
• 6M: 54.49%
• 1Y: 84.73%
• 3Y*: 36.32%
• 5Y*: 15.53%
• 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)

VPN vs. CHPS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
VPN Global X Data Center REITs & Digital Infrastructure ETF	52.56%	28.99%	14.92%	6.01%
CHPS Xtrackers Semiconductor Select Equity ETF	107.97%	58.47%	7.75%	10.88%

Correlation

The correlation between VPN and CHPS is 0.75, 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	0.75
Correlation (All Time) Calculated using the full available price history since Jul 14, 2023	0.68

The correlation between VPN and CHPS has been stable across timeframes, ranging from 0.68 to 0.75 - a consistent structural relationship.

VPN vs. CHPS - Sectors Allocation Comparison

Sectors	VPN	CHPS
Real Estate	58.0%	-
Technology	30.6%	98.8%
Communication Services	10.5%	-
Financial Services	0.9%	0.2%
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	0.5%
Healthcare	-	-
Industrials	-	0.4%
Utilities	-	-

Return for Risk

VPN vs. CHPS — Risk / Return Rank

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

VPN

VPN Risk / Return Rank: 92
VPN Sharpe Ratio Rank: 95
VPN Sortino Ratio Rank: 93
VPN Omega Ratio Rank: 91
VPN Calmar Ratio Rank: 93
VPN Martin Ratio Rank: 90

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.

VPN vs. CHPS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Data Center REITs & Digital Infrastructure ETF (VPN) 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.

	VPN	CHPS	Difference
Sharpe ratio Return per unit of total volatility	3.90	6.54	-2.64
Sortino ratio Return per unit of downside risk	4.71	6.07	-1.36
Omega ratio Gain probability vs. loss probability	1.61	1.81	-0.20
Calmar ratio Return relative to maximum drawdown	6.61	12.87	-6.26
Martin ratio Return relative to average drawdown	20.78	49.99	-29.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VPN vs. CHPS - Sharpe Ratio Comparison

The current VPN Sharpe Ratio is 3.90, which is lower than the CHPS Sharpe Ratio of 6.54. The chart below compares the historical Sharpe Ratios of VPN 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

	VPN	CHPS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.90	6.54	-2.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	1.81	-1.04

Drawdowns

VPN vs. CHPS - Drawdown Comparison

The maximum VPN drawdown since its inception was -38.98%, roughly equal to the maximum CHPS drawdown of -39.44%. Use the drawdown chart below to compare losses from any high point for VPN and CHPS.

Drawdown Indicators

	VPN	CHPS	Difference
Max Drawdown Largest peak-to-trough decline	-38.98%	-39.44%	+0.46%
Max Drawdown (1Y) Largest decline over 1 year	-12.89%	-17.50%	+4.61%
Max Drawdown (3Y) Largest decline over 3 years	-24.96%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-38.98%	—	—
Current Drawdown Current decline from peak	-0.74%	0.00%	-0.74%
Average Drawdown Average peak-to-trough decline	-12.37%	-9.16%	-3.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.09%	4.50%	-0.41%

Volatility

VPN vs. CHPS - Volatility Comparison

The current volatility for Global X Data Center REITs & Digital Infrastructure ETF (VPN) is 7.16%, while Xtrackers Semiconductor Select Equity ETF (CHPS) has a volatility of 14.18%. This indicates that VPN 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

	VPN	CHPS	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.16%	14.18%	-7.02%
Volatility (6M) Calculated over the trailing 6-month period	16.92%	28.19%	-11.27%
Volatility (1Y) Calculated over the trailing 1-year period	21.84%	34.43%	-12.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.83%	33.78%	-11.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.90%	33.78%	-11.88%

VPN vs. CHPS - Expense Ratio Comparison

VPN has a 0.50% expense ratio, which is higher than CHPS's 0.15% expense ratio.

Dividends

VPN vs. CHPS - Dividend Comparison

VPN's dividend yield for the trailing twelve months is around 0.72%, more than CHPS's 0.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
CHPS Xtrackers Semiconductor Select Equity ETF	0.32%	0.68%	1.75%	0.36%	0.00%	0.00%	0.00%
VPN Global X Data Center REITs & Digital Infrastructure ETF	0.72%	1.10%	1.72%	1.18%	2.57%	1.27%	0.30%

Frequently Asked Questions

Can I hold both VPN and CHPS in my portfolio?

VPN and CHPS have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VPN or CHPS?

CHPS has higher volatility (14.18%) compared to VPN (7.16%). In terms of maximum drawdown, VPN dropped -38.98% vs CHPS's -39.44%.

Which ETF is better, VPN or CHPS?

On 1-year performance, CHPS leads with 223.67% vs 84.73% for VPN. On fees, CHPS is cheaper at 0.15% per year. On volatility, VPN has been the lower-risk option at 7.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VPN or CHPS?

Over the 1-year period, CHPS has performed better with a 223.67% return vs 84.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VPN or CHPS?

CHPS is cheaper with a 0.15% expense ratio, compared with 0.50% for VPN.

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

VPN has the higher dividend yield at 0.72%, compared with 0.32% for CHPS.

What is the main difference between VPN and CHPS?

VPN is categorized as Technology Equities, while CHPS is Semiconductors. VPN tracks Solactive Data Center REITs & Digital Infrastructure Index, while CHPS tracks Solactive Semiconductor ESG Screened Index - Benchmark TR Gross. They also come from different issuers: Global X and Xtrackers. Their fees differ too: 0.50% for VPN and 0.15% for CHPS.

Which has better risk-adjusted returns?

CHPS currently has the higher Sharpe Ratio (6.54 vs 3.90), 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.