CHPS vs SHOC

CHPSAXtrackers Semiconductor Select Equity ETF

SHOCBStrive U.S. Semiconductor ETF

In short

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.

SHOC SHOC keeps the chip trade domestic and compact: roughly 30 U.S.-listed semiconductor names from Solactive's capped index, with position limits so one megacap can't run the whole show. Strive launched it in 2022.

Stated mandate

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

SHOC The Fund seeks to track, before fees and expenses, the total return of an index composed of U.S.-listed equities in the semiconductor sector. Its specified index is the Solactive United States Semiconductors 30 Capped Index.

Why people hold it

• 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.

• SHOC Domestic by design. The index is built from U.S.-listed semiconductor equities, so this is a stateside silicon basket rather than a global chip fund.
• The capped index limits how large any single name can grow inside a roughly 30-stock portfolio, spreading weight across more of the chip complex than a top-heavy build.
• Rules over hunches: it tracks a named Solactive index, and the sector, geography and objective are spelled out in the fund's own registration statement.

Worth knowing

• 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.

• SHOC Fee math is the trade-off: 0.40% a year sits above the semiconductor group's median and above cheap index rivals like CHPS (0.15%) and SOXQ (0.19%).
• It trades lighter than the category's household names such as SMH and SOXX, so bid-ask spreads can run wider and size takes more care to work.
• Concentration cuts both ways. About 30 stocks in one cyclical industry means this rides the chip cycle rather than smoothing it out.

Full CHPS profile⁠

Full SHOC profile⁠