Owns companies in the chip supply chain behind artificial intelligence and in quantum computing, including through depositary receipts.
CHPX, the Global X AI Semiconductor & Quantum ETF, is a $116 million ETF whose main story is the AI compute core. Over the past year it returned +98.8%, against +16.8% for broad US ETFs. Figures to October 2, 2026; past performance, not a recommendation.
The narrative it carries
Its main narrative, at 0.8 of its exposure.
The AI compute core →
The chips, memory and data centers AI runs on, and the big technology companies that build and buy them.
The band is where this narrative’s level sits among the 22 this week. QUIET means less talked about, not falling.
| # | ETF | SHARE | ASSETS | 1 YEAR | COST |
|---|---|---|---|---|---|
| 1 | VGT | 23.8% | $147.56bn | +36.0% | 0.09% |
| 2 | XLK | 20.5% | $127.30bn | +40.4% | 0.08% |
| 3 | SMH | 12.1% | $74.88bn | +87.0% | 0.35% |
| 4 | SOXX | 7.8% | $48.43bn | +109.7% | 0.33% |
| 5 | IYW | 4.3% | $26.53bn | +36.0% | 0.37% |
| 391 other ETFs | 31.5% |
Share is each ETF’s slice of the capital carrying this narrative. 1 year is market price total return; cost is the expense ratio. See all 396 ETFs on the narrative page →
Also carries: The quantum frontier →
Quantum computing developers and the chip companies beside them, and the distance from milestone to revenue.
FRI OCT 2MARKET PRICE TOTAL RETURN
| 1M | 3M | YTD | 1Y | 3Y* | 5Y* | |
|---|---|---|---|---|---|---|
| CHPX | +13.6% | +8.6% | +90.9% | +98.8% | – | – |
| The AI compute coreits narrative | +9.5% | +8.7% | +47.8% | +50.2% | +41.6% | +24.5% |
| The marketbroad US ETFs | +0.8% | +2.6% | +14.6% | +16.8% | +22.9% | +12.9% |
1M, 3M, 1Y, 3Y, 5Y: one month to five years. YTD: year to date. * A year, annualised. A dash means the ETF has not traded for the whole period. Since it started trading on October 1, 2025: +101.2% a year.
$10,000 invested October 31, 2025
Total return on the market price, with each distribution reinvested on its ex-date. Not the NAV return the issuer publishes; the two differ when the ETF trades above or below the value of its holdings. The narrative is the asset-weighted return of the unlevered ETFs that carry it. The market is the asset-weighted return of broad US index ETFs. Past performance is no guarantee of future results.
FRI OCT 2MARKET PRICE TOTAL RETURN
How closely it moves
CHPX moves closely with the market. When the market has moved 1%, CHPX has tended to move 2.20%.
CHPX moves closely with the AI compute core. When the AI compute core has moved 1%, CHPX has tended to move 1.40%.
Weekly returns over 52 weeks. The narrative is measured without CHPX in it, so it is not compared with itself.
ETFs it moves most and least like
Correlation of weekly returns over the last 3 years, among unlevered ETFs StoryVector covers.
Where it sits in The AI compute core
Each dot is one of 77 unlevered ETFs whose main narrative is the AI compute core, placed by its return (up) and how much it swung (right) over the last year.
Risk
Cost against its peers
CHPX is the 27th cheapest of 69 ETFs in the AI compute core. The dashed line is the middle of the group, 0.60% a year.
How it is built
An unlevered long ETF that owns its holdings directly. It counts toward Share of Narrative.
Narrative exposure
Second narrative: not yet confirmed from a filing.
Common questions
What story is CHPX selling?
CHPX’s main story is the AI compute core, which covers the chips, memory and data centers AI runs on, and the big technology companies that build and buy them. Its second is the quantum frontier.
Which ETFs compete with CHPX?
The ETFs whose weekly returns move most like CHPX’s over the past 3 years are SOXQ (0.97), SOXX (0.97) and AIS (0.96).
How has CHPX performed against its story?
Over the past year CHPX returned +98.8%, the ETFs carrying the AI compute core +50.2% and broad US ETFs +16.8%, to October 2, 2026. Its weekly returns have a correlation of 0.94 with the story. Past performance only.
Run an ETF in the AI compute core? StoryVector shows issuers where their ETFs stand against the closest rivals, every week.
Request a pilot