XNAQ.L vs. XCHP.TO
XNAQ.L (Xtrackers Nasdaq 100 UCITS ETF 1C) and XCHP.TO (iShares Semiconductor Index ETF) are both exchange-traded funds - XNAQ.L is a Nasdaq-100 fund tracking the Russell 1000 Growth TR USD, while XCHP.TO is a Semiconductors fund tracking the NYSE Semiconductor Index. Both are passively managed. Over the past year, XNAQ.L returned 41.02% vs 186.83% for XCHP.TO. A 0.52 correlation means they provide meaningful diversification when combined. XNAQ.L charges 0.20%/yr vs 0.39%/yr for XCHP.TO.
Performance
XNAQ.L vs. XCHP.TO - Performance Comparison
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Different Trading Currencies
XNAQ.L is traded in GBP, while XCHP.TO is traded in CAD. To make them comparable, the XCHP.TO values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, XNAQ.L achieves a 19.89% return, which is significantly lower than XCHP.TO's 101.87% return.
XNAQ.L
- 1D
- -0.63%
- 1M
- 8.16%
- YTD
- 19.89%
- 6M
- 17.66%
- 1Y
- 41.02%
- 3Y*
- 24.81%
- 5Y*
- 18.96%
- 10Y*
- —
XCHP.TO
- 1D
- -1.63%
- 1M
- 21.06%
- YTD
- 101.87%
- 6M
- 93.81%
- 1Y
- 186.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XNAQ.L vs. XCHP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XNAQ.L Xtrackers Nasdaq 100 UCITS ETF 1C | 19.89% | 11.71% | 28.62% | 6.61% |
XCHP.TO iShares Semiconductor Index ETF | 101.87% | 30.01% | 13.88% | 14.73% |
Correlation
The correlation between XNAQ.L and XCHP.TO is 0.58, 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 | 0.58 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.52 |
The correlation between XNAQ.L and XCHP.TO has been stable across timeframes, ranging from 0.52 to 0.58 - a consistent structural relationship.
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Return for Risk
XNAQ.L vs. XCHP.TO — Risk / Return Rank
XNAQ.L
XCHP.TO
XNAQ.L vs. XCHP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Nasdaq 100 UCITS ETF 1C (XNAQ.L) and iShares Semiconductor Index ETF (XCHP.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.
| XNAQ.L | XCHP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.73 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | 14.18 | -10.39 |
| Martin ratioReturn relative to average drawdown | 11.13 | 49.98 | -38.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XNAQ.L | XCHP.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.83 | 5.69 | -2.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 1.69 | -0.76 |
Drawdowns
XNAQ.L vs. XCHP.TO - Drawdown Comparison
The maximum XNAQ.L drawdown since its inception was -27.52%, smaller than the maximum XCHP.TO drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for XNAQ.L and XCHP.TO.
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Drawdown Indicators
| XNAQ.L | XCHP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.52% | -41.39% | +13.87% |
Max Drawdown (1Y)Largest decline over 1 year | -10.99% | -13.32% | +2.33% |
Max Drawdown (3Y)Largest decline over 3 years | -24.56% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -27.52% | — | — |
Current DrawdownCurrent decline from peak | -0.63% | -1.63% | +1.00% |
Average DrawdownAverage peak-to-trough decline | -7.01% | -10.08% | +3.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.75% | 3.74% | +0.01% |
Volatility
XNAQ.L vs. XCHP.TO - Volatility Comparison
The current volatility for Xtrackers Nasdaq 100 UCITS ETF 1C (XNAQ.L) is 4.18%, while iShares Semiconductor Index ETF (XCHP.TO) has a volatility of 12.58%. This indicates that XNAQ.L experiences smaller price fluctuations and is considered to be less risky than XCHP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XNAQ.L | XCHP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.18% | 12.58% | -8.40% |
Volatility (6M)Calculated over the trailing 6-month period | 10.38% | 25.78% | -15.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.73% | 33.20% | -18.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.04% | 38.38% | -19.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.13% | 38.38% | -19.25% |
XNAQ.L vs. XCHP.TO - Expense Ratio Comparison
XNAQ.L has a 0.20% expense ratio, which is lower than XCHP.TO's 0.39% expense ratio.
Dividends
XNAQ.L vs. XCHP.TO - Dividend Comparison
XNAQ.L has not paid dividends to shareholders, while XCHP.TO's dividend yield for the trailing twelve months is around 0.21%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
XCHP.TO iShares Semiconductor Index ETF | 0.21% | 0.43% | 0.29% | 0.17% |
XNAQ.L Xtrackers Nasdaq 100 UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XNAQ.L and XCHP.TO have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XNAQ.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XNAQ.L is cheaper with a 0.20% expense ratio, compared with 0.39% for XCHP.TO.
XNAQ.L is categorized as Nasdaq-100, while XCHP.TO is Semiconductors. XNAQ.L tracks Russell 1000 Growth TR USD, while XCHP.TO tracks NYSE Semiconductor Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.20% for XNAQ.L and 0.39% for XCHP.TO.
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