ASMH vs CHPS

ASMHBASML Holding NV ADRhedged

CHPSAXtrackers Semiconductor Select Equity ETF

In short

ASMH Buy ASML through a plain US ADR and you own the euro too. ASMH pairs the ADR with a currency hedge contract, aiming at ASML's home-market total return instead of a dollar-translated one, for 0.19% a year.

CHPS Semiconductors without the semiconductor markup. CHPS tracks a global chip index with an ESG screen baked in, holds roughly 50 names, and charges 0.15%, undercutting the category's household names.

Stated mandate

ASMH The fund provides exposure to the individual international company ASML Holding through an ADRhedged ETF structure that combines the ADR with a currency contract intended to mitigate foreign-exchange risk.

CHPS The fund seeks investment results corresponding generally to the performance of the Solactive Semiconductor ESG Screened Index before fees and expenses.

Why people hold it

• ASMH Holds the ASML ADR alongside a euro hedge contract that is marked to market daily, so the target is the stock's local-market total return, not the ADR's currency-translated version.adrhedged.com
• 0.19% a year, below the 0.35% median for the semiconductor funds we track, with the currency hedge built into the wrapper rather than something you assemble yourself.
• It is a US-listed ETF, so the hedged exposure lands in an ordinary brokerage account. No foreign listing, no separate FX trade to place or roll.precidian.com
• Part of a whole ADRhedged lineup (Taiwan Semiconductor, Arm, STMicroelectronics, Sony and more), so the same hedged structure extends name by name across international blue chips.sec.gov

• CHPS At 0.15%, one of the cheapest doors into chips. SMH and SOXX each charge more than double.
• Global mandate, so foreign foundries and equipment makers are in scope, not just the US-listed marquee names.
• The ESG screen sits inside the index itself: the chip universe gets filtered before the portfolio is built.
• Simple plumbing. Roughly 50 holdings, one published index, cash paid out quarterly.

Worth knowing

• ASMH This is one company, not a chip basket. Cohort peers like SOXX and SMH spread across dozens of names; here everything rides on ASML.
• A hedge cuts both ways: a falling dollar no longer flatters your return the way it can with an unhedged ADR, and hedging carries its own costs and tracking slippage.adrhedged.com
• Launched in 2025, still small and lightly traded, which tends to mean wider spreads than the big semiconductor funds and a short record to judge.

• CHPS Trades thinly next to SMH and SOXX. Spreads can be wider, and size takes more care to get filled.
• Launched in 2023, so the record is short against chip funds that have lived through several boom-bust cycles.
• The screen excludes some chip companies outright, so the lineup can look different from unscreened rivals.

Full ASMH profile⁠

Full CHPS profile⁠