CHPX vs SMH

CHPXBGlobal X AI Semiconductor & Quantum ETF

SMHAVanEck Semiconductor ETF

In short

CHPX Most chip ETFs stop at the chip. CHPX buys the whole AI machine: processors, the servers around them, the cooling and power gear in the data center, plus early quantum computing names, global, in roughly 40 pure-play stocks.

SMH Chip exposure, undiluted. SMH tracks roughly 25 of the largest, most liquid US-listed semiconductor names (foreign chipmakers included) and trades like a household ticker in its category.

Stated mandate

CHPX The fund seeks to track, before fees and expenses, the price and yield performance of the Global X AI Semiconductor & Quantum Index.

SMH The Fund aims to track, before fees and expenses, the price and yield performance of the MVIS US Listed Semiconductor 25 Index.

Why people hold it

• CHPX Four sleeves, not one: AI semiconductors, compute system enablers, data center infrastructure and cooling, and quantum computing technology.globalxetfs.comglobalxetfs.com 2
• Pure-play screen with teeth: a company must earn at least 50% of revenue from those activities to qualify, which keeps sprawling conglomerates out.globalxetfs.comglobalxetfs.com 2
• Weight rules stop one megacap from becoming the fund: 10% max per stock at each rebalance, and all 5%-plus positions combined are capped at 40% of the index.globalxetfs.comglobalxetfs.com 2
• Global by design across developed and emerging markets, with a $1B market-cap floor and a traded-value screen before a new stock can enter.globalxetfs.com

• SMH The index rule is simple: the 25 largest, most liquid US-listed chip stocks, each earning over half its revenue from semiconductors or semi equipment. No tech-adjacent filler.marketvector.com
• Depositary receipts count, so US-listed foreign chipmakers are in scope. That reaches parts of the supply chain a domestic-only screen leaves out.sec.gov
• Single-name weights are capped at 20%, so the giants of the industry carry real weight rather than being trimmed toward sector-average size.marketvector.com
• One of the most actively traded funds in its peer group, a multi-billion-dollar book, and VanEck has run it since 2011.

Worth knowing

• CHPX At 0.50%, it costs more than the 0.35% median semiconductor ETF and roughly triple plain-index rivals like CHPS (0.15%) and SOXQ (0.19%).
• Launched in 2025 and moderately traded, so there is little live history and less market depth than the entrenched chip funds.
• Roughly 40 names in a single theme, including quantum companies in an industry still early in commercialization. Concentrated swings come with the design.globalxetfs.com

• SMH Fees sit mid-pack: 0.35% matches the semiconductor cohort median but runs above SOXQ at 0.19% and CHPS at 0.15%.
• Roughly 25 names with a 20% cap is concentration by design: the largest holdings drive most of the fund's day-to-day movement.marketvector.com
• Built as a single-industry chip sleeve, not an income holding. Distributions come once or twice a year.

Full CHPX profile⁠

Full SMH profile⁠