XOEX vs. CHPS

Last updated Jun 4, 2026

XOEX (Xtrackers S&P 100 Ex Top 20 ETF) and CHPS (Xtrackers Semiconductor Select Equity ETF) are both exchange-traded funds - XOEX is a Large Cap Blend Equities fund tracking the S&P 100 Ex-Top 20 Select 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, XOEX returned 28.12% vs 223.67% for CHPS. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.

Performance

XOEX vs. CHPS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers S&P 100 Ex Top 20 ETF (XOEX) 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, XOEX achieves a 9.69% return, which is significantly lower than CHPS's 107.97% return.

XOEX

• 1D: -0.53%
• 1M: 6.34%
• YTD: 9.69%
• 6M: 10.33%
• 1Y: 28.12%
• 3Y*: 18.33%
• 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)

XOEX vs. CHPS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XOEX Xtrackers S&P 100 Ex Top 20 ETF	9.69%	18.97%	12.07%	6.96%
CHPS Xtrackers Semiconductor Select Equity ETF	107.97%	58.47%	7.75%	10.88%

Correlation

The correlation between XOEX and CHPS is 0.56, 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	0.56
Correlation (All Time) Calculated using the full available price history since Jul 14, 2023	0.54

The correlation between XOEX and CHPS has been stable across timeframes, ranging from 0.54 to 0.56 - a consistent structural relationship.

XOEX vs. CHPS - Sectors Allocation Comparison

Sectors	XOEX	CHPS
Technology	26.7%	98.8%
Healthcare	16.7%	-
Financial Services	15.5%	0.2%
Industrials	14.6%	0.4%
Consumer Defensive	7.7%	-
Communication Services	5.1%	-
Consumer Cyclical	4.8%	-
Energy	3.4%	0.5%
Utilities	2.6%	-
Basic Materials	1.7%	-
Real Estate	1.1%	-

Return for Risk

XOEX vs. CHPS — Risk / Return Rank

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

XOEX

XOEX Risk / Return Rank: 80
XOEX Sharpe Ratio Rank: 80
XOEX Sortino Ratio Rank: 83
XOEX Omega Ratio Rank: 78
XOEX Calmar Ratio Rank: 77
XOEX Martin Ratio Rank: 79

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.

XOEX vs. CHPS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 100 Ex Top 20 ETF (XOEX) 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.

	XOEX	CHPS	Difference
Sharpe ratio Return per unit of total volatility	2.58	6.54	-3.96
Sortino ratio Return per unit of downside risk	3.70	6.07	-2.36
Omega ratio Gain probability vs. loss probability	1.46	1.81	-0.35
Calmar ratio Return relative to maximum drawdown	3.86	12.87	-9.01
Martin ratio Return relative to average drawdown	15.43	49.99	-34.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XOEX vs. CHPS - Sharpe Ratio Comparison

The current XOEX Sharpe Ratio is 2.58, which is lower than the CHPS Sharpe Ratio of 6.54. The chart below compares the historical Sharpe Ratios of XOEX 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

	XOEX	CHPS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.58	6.54	-3.96
Sharpe Ratio (All Time) Calculated using the full available price history	1.27	1.81	-0.53

Drawdowns

XOEX vs. CHPS - Drawdown Comparison

The maximum XOEX drawdown since its inception was -14.68%, smaller than the maximum CHPS drawdown of -39.44%. Use the drawdown chart below to compare losses from any high point for XOEX and CHPS.

Drawdown Indicators

	XOEX	CHPS	Difference
Max Drawdown Largest peak-to-trough decline	-14.68%	-39.44%	+24.76%
Max Drawdown (1Y) Largest decline over 1 year	-7.31%	-17.50%	+10.19%
Max Drawdown (3Y) Largest decline over 3 years	-14.68%	—	—
Current Drawdown Current decline from peak	-0.53%	0.00%	-0.53%
Average Drawdown Average peak-to-trough decline	-2.65%	-9.16%	+6.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.83%	4.50%	-2.67%

Volatility

XOEX vs. CHPS - Volatility Comparison

The current volatility for Xtrackers S&P 100 Ex Top 20 ETF (XOEX) is 3.18%, while Xtrackers Semiconductor Select Equity ETF (CHPS) has a volatility of 14.18%. This indicates that XOEX 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

	XOEX	CHPS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.18%	14.18%	-11.00%
Volatility (6M) Calculated over the trailing 6-month period	8.30%	28.19%	-19.89%
Volatility (1Y) Calculated over the trailing 1-year period	10.96%	34.43%	-23.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.42%	33.78%	-20.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.42%	33.78%	-20.36%

XOEX vs. CHPS - Expense Ratio Comparison

Both XOEX and CHPS have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

XOEX vs. CHPS - Dividend Comparison

XOEX's dividend yield for the trailing twelve months is around 1.60%, 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%
XOEX Xtrackers S&P 100 Ex Top 20 ETF	1.60%	1.95%	2.09%	1.72%	0.42%

Frequently Asked Questions

Can I hold both XOEX and CHPS in my portfolio?

XOEX and CHPS have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XOEX or CHPS?

CHPS has higher volatility (14.18%) compared to XOEX (3.18%). In terms of maximum drawdown, XOEX dropped -14.68% vs CHPS's -39.44%.

Which ETF is better, XOEX or CHPS?

On 1-year performance, CHPS leads with 223.67% vs 28.12% for XOEX. Both ETFs have the same 0.15% expense ratio. On volatility, XOEX has been the lower-risk option at 3.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XOEX or CHPS?

Over the 1-year period, CHPS has performed better with a 223.67% return vs 28.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XOEX or CHPS?

XOEX and CHPS have the same expense ratio: 0.15% per year.

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

XOEX has the higher dividend yield at 1.60%, compared with 0.32% for CHPS.

What is the main difference between XOEX and CHPS?

XOEX is categorized as Large Cap Blend Equities, while CHPS is Semiconductors. XOEX tracks S&P 100 Ex-Top 20 Select Index, while CHPS tracks Solactive Semiconductor ESG Screened Index - Benchmark TR Gross.

Which has better risk-adjusted returns?

CHPS currently has the higher Sharpe Ratio (6.54 vs 2.58), 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.