ZXLK.TO vs. CHPS-U.TO
Compare and contrast key facts about BMO SPDR Technology Select Sector Index ETF (ZXLK.TO) and Global X Artificial Intelligence Semiconductor Index ETF (CHPS-U.TO).
ZXLK.TO and CHPS-U.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZXLK.TO is a passively managed fund by BMO that tracks the performance of the Technology Select Sector Index. It was launched on Feb 3, 2025. CHPS-U.TO is a passively managed fund by Global X that tracks the performance of the PHLX US AI Semiconductor Index. It was launched on Jun 21, 2021. Both ZXLK.TO and CHPS-U.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ZXLK.TO vs. CHPS-U.TO - Performance Comparison
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ZXLK.TO vs. CHPS-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ZXLK.TO BMO SPDR Technology Select Sector Index ETF | -5.61% | 19.04% |
CHPS-U.TO Global X Artificial Intelligence Semiconductor Index ETF | 8.28% | 41.59% |
Different Trading Currencies
ZXLK.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, ZXLK.TO achieves a -5.61% return, which is significantly lower than CHPS-U.TO's 8.28% return.
ZXLK.TO
- 1D
- 1.34%
- 1M
- -1.42%
- YTD
- -5.61%
- 6M
- -10.16%
- 1Y
- 20.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CHPS-U.TO
- 1D
- 8.45%
- 1M
- -0.36%
- YTD
- 8.28%
- 6M
- 15.70%
- 1Y
- 80.71%
- 3Y*
- 35.71%
- 5Y*
- —
- 10Y*
- —
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ZXLK.TO vs. CHPS-U.TO - Expense Ratio Comparison
ZXLK.TO has a 0.21% expense ratio, which is lower than CHPS-U.TO's 0.63% expense ratio.
Return for Risk
ZXLK.TO vs. CHPS-U.TO — Risk / Return Rank
ZXLK.TO
CHPS-U.TO
ZXLK.TO vs. CHPS-U.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO SPDR Technology Select Sector Index ETF (ZXLK.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.
| ZXLK.TO | CHPS-U.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.66 | 2.08 | -1.42 |
Sortino ratioReturn per unit of downside risk | 1.09 | 2.75 | -1.66 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.38 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 0.99 | 5.73 | -4.74 |
Martin ratioReturn relative to average drawdown | 2.66 | 16.85 | -14.19 |
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
| ZXLK.TO | CHPS-U.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 2.08 | -1.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.40 | -0.04 |
Correlation
The correlation between ZXLK.TO and CHPS-U.TO is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ZXLK.TO vs. CHPS-U.TO - Dividend Comparison
ZXLK.TO's dividend yield for the trailing twelve months is around 0.31%, more than CHPS-U.TO's 0.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ZXLK.TO BMO SPDR Technology Select Sector Index ETF | 0.31% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% |
CHPS-U.TO Global X Artificial Intelligence Semiconductor Index ETF | 0.01% | 0.01% | 0.14% | 0.40% | 0.72% | 0.01% |
Drawdowns
ZXLK.TO vs. CHPS-U.TO - Drawdown Comparison
The maximum ZXLK.TO drawdown since its inception was -22.20%, smaller than the maximum CHPS-U.TO drawdown of -48.89%. Use the drawdown chart below to compare losses from any high point for ZXLK.TO and CHPS-U.TO.
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Drawdown Indicators
| ZXLK.TO | CHPS-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.20% | -53.70% | +31.50% |
Max Drawdown (1Y)Largest decline over 1 year | -20.93% | -13.07% | -7.86% |
Current DrawdownCurrent decline from peak | -16.07% | -5.59% | -10.48% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -18.17% | +12.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.80% | 4.46% | +3.34% |
Volatility
ZXLK.TO vs. CHPS-U.TO - Volatility Comparison
The current volatility for BMO SPDR Technology Select Sector Index ETF (ZXLK.TO) is 7.91%, while Global X Artificial Intelligence Semiconductor Index ETF (CHPS-U.TO) has a volatility of 15.06%. This indicates that ZXLK.TO experiences smaller price fluctuations and is considered to be less risky than CHPS-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZXLK.TO | CHPS-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.91% | 15.06% | -7.15% |
Volatility (6M)Calculated over the trailing 6-month period | 16.83% | 27.65% | -10.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.56% | 38.97% | -8.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.57% | 38.58% | -9.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.57% | 38.58% | -9.01% |