XIT.TO vs. CHPS-U.TO

Last updated Jun 4, 2026

XIT.TO (iShares S&P/TSX Capped Information Technology Index ETF) and CHPS-U.TO (Global X Artificial Intelligence Semiconductor Index ETF) are both exchange-traded funds - XIT.TO is a Technology Equities fund tracking the Morningstar Gbl GR CAD, while CHPS-U.TO is a Semiconductors fund tracking the PHLX US AI Semiconductor Index. Both are passively managed. Over the past 3 years, XIT.TO returned 17.90%/yr vs 50.72%/yr for CHPS-U.TO. At a 0.09 correlation, their price movements are largely independent. XIT.TO charges 0.60%/yr vs 0.63%/yr for CHPS-U.TO.

Performance

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

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX Capped Information Technology Index ETF (XIT.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

XIT.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, XIT.TO achieves a -4.19% return, which is significantly lower than CHPS-U.TO's 62.44% return.

XIT.TO

• 1D: -3.62%
• 1M: 5.49%
• YTD: -4.19%
• 6M: -5.79%
• 1Y: 9.80%
• 3Y*: 17.90%
• 5Y*: 8.31%
• 10Y*: 17.57%

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)

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

	2026 (YTD)	2025	2024	2023	2022	2021
XIT.TO iShares S&P/TSX Capped Information Technology Index ETF	-4.19%	15.48%	30.02%	55.56%	-35.85%	-5.27%
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 XIT.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	0.10
Correlation (All Time) Calculated using the full available price history since Jun 22, 2021	0.09

Return for Risk

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

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

XIT.TO

XIT.TO Risk / Return Rank: 13
XIT.TO Sharpe Ratio Rank: 13
XIT.TO Sortino Ratio Rank: 14
XIT.TO Omega Ratio Rank: 13
XIT.TO Calmar Ratio Rank: 12
XIT.TO Martin Ratio Rank: 12

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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped Information Technology Index ETF (XIT.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.

	XIT.TO	CHPS-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.31	3.91	-3.59
Sortino ratio: Return per unit of downside risk	0.64	4.34	-3.70
Omega ratio: Gain probability vs. loss probability	1.08	1.60	-0.52
Calmar ratio: Return relative to maximum drawdown	0.31	9.95	-9.65
Martin ratio: Return relative to average drawdown	0.62	32.16	-31.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current XIT.TO Sharpe Ratio is 0.31, which is lower than the CHPS-U.TO Sharpe Ratio of 3.91. The chart below compares the historical Sharpe Ratios of XIT.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

	XIT.TO	CHPS-U.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.31	3.91	-3.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.64	-0.34

Drawdowns

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

The maximum XIT.TO drawdown since its inception was -81.18%, which is greater than CHPS-U.TO's maximum drawdown of -48.89%. Use the drawdown chart below to compare losses from any high point for XIT.TO and CHPS-U.TO.

Drawdown Indicators

	XIT.TO	CHPS-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-81.18%	-48.89%	-32.29%
Max Drawdown (1Y) Largest decline over 1 year	-31.93%	-13.68%	-18.25%
Max Drawdown (3Y) Largest decline over 3 years	-31.93%	-36.00%	+4.07%
Max Drawdown (5Y) Largest decline over 5 years	-54.15%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-54.15%	—	—
Current Drawdown Current decline from peak	-14.47%	0.00%	-14.47%
Average Drawdown Average peak-to-trough decline	-26.86%	-15.05%	-11.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.74%	4.23%	+11.51%

Volatility

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

iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO) has a higher volatility of 11.83% compared to Global X Artificial Intelligence Semiconductor Index ETF (CHPS-U.TO) at 11.05%. This indicates that XIT.TO's price experiences larger fluctuations and is considered to be riskier than CHPS-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XIT.TO	CHPS-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.83%	11.05%	+0.78%
Volatility (6M) Calculated over the trailing 6-month period	24.39%	27.21%	-2.82%
Volatility (1Y) Calculated over the trailing 1-year period	31.36%	34.86%	-3.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.37%	38.67%	-9.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.71%	38.67%	-11.96%

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

XIT.TO has a 0.60% expense ratio, which is lower than CHPS-U.TO's 0.63% expense ratio.

Dividends

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

Neither XIT.TO nor CHPS-U.TO has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
XIT.TO iShares S&P/TSX Capped Information Technology Index ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.00%	0.29%	0.00%	0.13%	0.14%	0.08%

Frequently Asked Questions

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

XIT.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, XIT.TO or CHPS-U.TO?

On fees, XIT.TO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

XIT.TO is cheaper with a 0.60% expense ratio, compared with 0.63% for CHPS-U.TO.

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

XIT.TO is categorized as Technology Equities, while CHPS-U.TO is Semiconductors. XIT.TO tracks Morningstar Gbl GR CAD, while CHPS-U.TO tracks PHLX US AI Semiconductor Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.60% for XIT.TO and 0.63% for CHPS-U.TO.