Data as of Nov 4, 2026.
CHPS vs SMH: Holdings Overlap & Returns
Over the year to Nov 4, 2026, CHPS returned +59.9% to SMH's +43.4%; 64% of their weight is in the same names.
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Net assets: $127m on Nov 2, 2026 for Xtrackers Semiconductor Select Equity ETF, and $67.3bn on Nov 3, 2026 for VanEck Semiconductor ETF.
59% of CHPS's weight is in S&P 500 companies and 41% is outside the index. Holdings as of Aug 31, 2026.
79% of SMH's weight is in S&P 500 companies and 21% is outside the index. Holdings as of Nov 2, 2026.
Pair scorecard
CHPS costs 0.20 points a year less; their one-year returns differ by 16.5 points; SMH is far larger, $64.5bn against $127m.
Points (pts) are percentage points.
| Measure | CHPS | SMH |
|---|---|---|
| Return | ||
| Total return, 1 year | +59.9% | +43.4% |
| Drawdown | ||
| Below its all-time high | 32.5%, high on Jun 22, 2026 | 24.6%, high on Jun 22, 2026 |
| Against its benchmark | ||
| What it tracks | Semiconductors | Semiconductors |
| Its benchmark, total return, 1 year | +15.0% | +15.0% |
| Against its benchmark, 1 year | ahead by 44.9 pts | ahead by 28.4 pts |
| Cost and size | ||
| Expense ratio | 0.15% | 0.35% |
| Net assets, as of Nov 2, 2026 | $127m | $64.5bn |
| Holdings | ||
| Holdings in common | 64% | |
How different its holdings are from the S&P 500, ranked against 114 thematic ETFs with at least half their money in S&P 500 companies. 100 is best. How it is computed
Weight not shared with the S&P 500 only; it says nothing about returns, fees or whether the theme pays off. All thematic ETFs ranked by it →
Risk and return
Jul 21, 2023 to Oct 30, 2026 · 171 weekly returns · each against ACWIFrom Jul 2023 to Oct 2026, SMH returned more: +244.3% to +209.9%. SMH swung slightly less: 33.6% to 34.9%. SMH fell slightly less at its worst: −33.8% to −36.5%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | CHPS | SMH | ACWI | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +209.9% | +244.3% | SMH | Price change plus distributions, reinvested. | |
| Annualized | +41.0% | +45.6% | SMH | Total return as a yearly rate. | |
| Price return | +200.1% | +239.7% | SMH | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 34.9% | 33.6% | SMH (slight) | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 22.9% | 21.7% | SMH (slight) | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −36.5% | −33.8% | SMH (slight) | Deepest fall from a high to the low after it. | |
| Upside capture | Not measured | Not measured | 100.0% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 144.1% | 139.9% | 100.0% | SMH (slight) | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 2.01 | 1.98 | 1.00 | Tie | How far it moves for each 1% its benchmark moves. |
| R squared | 0.61 | 0.64 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 1.03 | 1.16 | SMH | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.57 | 1.79 | SMH | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.179 | 0.196 | 0.121 | SMH (slight) | Return above Treasury bills per unit of beta. |
| Calmar | 1.12 | 1.35 | SMH | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | ACWI | ACWI | ACWI | The ETF each fund is measured against. | |
| Alpha | +11.8% a year | +14.9% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.97 | 1.32 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −12.2% to +35.8% | −7.3% to +37.2% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.93 | 1.11 | SMH | Return against its benchmark per unit of tracking error. | |
| Tracking error | 25.8% | 24.2% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 171 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, CHPS and SMH hold 64% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 2026.
half
64% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | CHPS | SMH | CHPS | SMH |
| 3 months | −14.2% | −11.5% | −12.9 pts vs ACWI | −10.2 pts vs ACWI |
| 6 months | −10.7% | −8.3% | −13.3 pts vs ACWI | −10.9 pts vs ACWI |
| 1 year | +59.9% | +43.4% | +44.9 pts vs ACWI | +28.4 pts vs ACWI |
| 3 years | +216.3% | +241.8% | +138.7 pts vs ACWI | +164.2 pts vs ACWI |
| Since launchNot the same days: CHPS Jul 2023 · SMH Dec 2011 | +190.8% | +3,851.6% | +120.8 pts vs ACWI | +3,444.2 pts vs ACWI |
Side by side
As of Nov 4, 2026. Source: ETFIQ.
64% of the two portfolios are the same securities at the same weight.
Client brief:
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CHPS
By weight, 59% of CHPS's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 83%. The top ten holdings are 46% of the fund across 54 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned +59.9% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 44.9 pts. It sits 32.5% below its all-time high of Jun 22, 2026.
SMH
By weight, 79% of SMH's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 81%. The top ten holdings are 70% of the fund across 25 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +43.4% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 28.4 pts. It sits 24.6% below its all-time high of Jun 22, 2026.
Questions people ask
- Do CHPS and SMH hold the same stocks?
- By their latest filings, 64% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
It is a place in a set, not a rating or a recommendation.
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, CHPS against SMH, data as of Nov 4, 2026. https://etfiq.com/compare/themes/chps-vs-smh
ETFIQ. (Nov 4, 2026). CHPS against SMH. Retrieved from https://etfiq.com/compare/themes/chps-vs-smh
[CHPS against SMH (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/chps-vs-smh)
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