YNOT vs. CHPS

Last updated Jun 4, 2026

YNOT (Horizon Digital Frontier ETF) and CHPS (Xtrackers Semiconductor Select Equity ETF) are both exchange-traded funds - YNOT is a Technology Equities fund actively managed by Horizon, while CHPS is a Semiconductors fund tracking the Solactive Semiconductor ESG Screened Index - Benchmark TR Gross. YNOT is actively managed, while CHPS is passively managed. Their correlation of 0.81 suggests significant overlap in exposure. YNOT charges 0.75%/yr vs 0.15%/yr for CHPS.

Performance

YNOT vs. CHPS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Digital Frontier ETF (YNOT) 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, YNOT achieves a 21.63% return, which is significantly lower than CHPS's 107.97% return.

YNOT

• 1D: -1.88%
• 1M: 8.38%
• YTD: 21.63%
• 6M: 20.04%
• 1Y: —
• 3Y*: —
• 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)

YNOT vs. CHPS - Yearly Performance Comparison

	2026 (YTD)	2025
YNOT Horizon Digital Frontier ETF	21.63%	11.82%
CHPS Xtrackers Semiconductor Select Equity ETF	107.97%	32.05%

Correlation

The correlation between YNOT and CHPS is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	0.81

YNOT vs. CHPS - Sectors Allocation Comparison

Sectors	YNOT	CHPS
Technology	47.3%	98.8%
Industrials	17.2%	0.4%
Communication Services	13.4%	-
Consumer Cyclical	8.9%	-
Basic Materials	8.4%	-
Financial Services	1.9%	0.2%
Utilities	1.4%	-
Healthcare	0.8%	-
Energy	0.7%	0.5%
Consumer Defensive	-	-
Real Estate	-	-

Return for Risk

YNOT vs. CHPS — Risk / Return Rank

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

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.

YNOT vs. CHPS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Digital Frontier ETF (YNOT) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	YNOT	CHPS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	6.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.77	1.81	-0.03

Drawdowns

YNOT vs. CHPS - Drawdown Comparison

The maximum YNOT drawdown since its inception was -16.73%, smaller than the maximum CHPS drawdown of -39.44%. Use the drawdown chart below to compare losses from any high point for YNOT and CHPS.

Drawdown Indicators

	YNOT	CHPS	Difference
Max Drawdown Largest peak-to-trough decline	-16.73%	-39.44%	+22.71%
Max Drawdown (1Y) Largest decline over 1 year	—	-17.50%	—
Current Drawdown Current decline from peak	-1.88%	0.00%	-1.88%
Average Drawdown Average peak-to-trough decline	-3.74%	-9.16%	+5.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.50%	—

Volatility

Volatility by Period

	YNOT	CHPS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.18%	—
Volatility (6M) Calculated over the trailing 6-month period	—	28.19%	—
Volatility (1Y) Calculated over the trailing 1-year period	23.11%	34.43%	-11.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.11%	33.78%	-10.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.11%	33.78%	-10.67%

YNOT vs. CHPS - Expense Ratio Comparison

YNOT has a 0.75% expense ratio, which is higher than CHPS's 0.15% expense ratio.

Dividends

YNOT vs. CHPS - Dividend Comparison

YNOT has not paid dividends to shareholders, while CHPS's dividend yield for the trailing twelve months is around 0.32%.

Position	TTM	2025	2024	2023
CHPS Xtrackers Semiconductor Select Equity ETF	0.32%	0.68%	1.75%	0.36%
YNOT Horizon Digital Frontier ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both YNOT and CHPS in my portfolio?

YNOT and CHPS have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, YNOT or CHPS?

On fees, CHPS is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, YNOT or CHPS?

CHPS is cheaper with a 0.15% expense ratio, compared with 0.75% for YNOT.

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

CHPS has the higher dividend yield at 0.32%, compared with 0.00% for YNOT.

What is the main difference between YNOT and CHPS?

YNOT is categorized as Technology Equities, while CHPS is Semiconductors. They also come from different issuers: Horizon and Xtrackers. Their fees differ too: 0.75% for YNOT and 0.15% for CHPS.