What Is CHPX? Global X AI Semiconductor & Quantum ETF

CHPX is the Global X AI Semiconductor & Quantum ETF, a thematic fund that bundles two of the market's most talked-about ideas into one ticker: the semiconductors powering artificial intelligence and the earlier-stage race to build quantum computers. It tracks the Global X AI Semiconductor & Quantum Index and holds roughly 40 companies.

The pitch is that AI demand is driving a durable buildout in advanced chips, memory, and equipment, while quantum computing represents a longer-dated, higher-risk frontier. CHPX lets investors own established chipmakers and speculative quantum names together rather than choosing between them.

Approximate weights as of mid-2026; refresh quarterly from Global X's fund page. Each ticker links to its individual stock guide in Walnut.

The top of the portfolio is dominated by semiconductor heavyweights: Micron and TSMC lead, followed by Broadcom, Nvidia, AMD, SK hynix, ASML, Arm, Marvell, and Cisco. The index caps individual weights, but memory and logic chipmakers still make up the bulk of the fund.

Below the large chip names sit smaller quantum-computing companies. These are typically earlier-stage and more speculative, and while they carry less weight, they are the reason CHPX exists as a distinct product rather than another broad semiconductor ETF.

Compared with SMH, the VanEck Semiconductor ETF, CHPX overlaps heavily on the chip side but adds a quantum-computing sleeve and some infrastructure names. Investors who want only the biggest, most established chipmakers may prefer SMH's simplicity and scale.

Compared with pure quantum-computing ETFs, CHPX is less concentrated in speculative names because established semiconductors anchor the fund. That makes it a middle path: more diversified than a quantum-only fund, more forward-looking than a plain chip fund.

Because CHPX launched in late 2025, its track record is short and dominated by the AI-chip cycle. Its returns will largely follow the fortunes of memory and logic chipmakers, which are cyclical and can swing sharply on demand, pricing, and geopolitics around Taiwan and Korea.

The longer-term outlook hinges on whether AI infrastructure spending stays strong and whether quantum computing moves from research toward commercial use. Both are uncertain, and a young, concentrated thematic fund can be very volatile, so past results are not a guide to future returns.

CHPX may fit investors who want concentrated, forward-looking exposure to AI chips and quantum computing and can tolerate high volatility and single-sector risk. It is less suited to conservative investors or those seeking income or a core holding. Walnut is not an investment adviser, and this is not a recommendation to buy or sell.

Given its youth and concentration, many investors would treat CHPX as a small, tactical satellite alongside broader holdings rather than a central position.

CHPX carries two distinct risks worth understanding. First, it is heavily concentrated in semiconductors, a deeply cyclical industry with large single-name and single-country exposures through Taiwan and Korea. A downturn in chip demand or a supply-chain shock can hit the fund hard.

Second, the quantum-computing sleeve includes companies that may be pre-revenue or early in commercialization. These names can be extremely volatile and their long-term viability is unproven, so investors should size any position with that speculative element in mind.

CHPX trades on the Nasdaq and is available at brokerages such as Robinhood, Fidelity, Schwab, and Public. Many of them offer fractional shares, so you can start with a small dollar amount rather than a full share. Buying it works like any stock: search the ticker, choose an amount, and place the order.

To hold CHPX as part of a themed strategy, you can connect your brokerage to Walnut and track it inside a basket alongside related AI, semiconductor, and quantum holdings.

ETFs are passive bundles; thematic baskets in Walnut let you concentrate within them. If you hold CHPX as a core position, these are the themes you might layer on as satellites.

CHPX bundles the AI-chip story with an early bet on quantum computing at a 0.50% fee, undercutting many niche thematics. It is young and concentrated in a volatile sector, so it reads as a tactical satellite rather than a core holding. If you already own a broad semiconductor fund, the quantum sleeve is the main reason to consider it.

Whether CHPX is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, concentration, and what would have to be true for it to outperform from here in is CHPX a buy?

CHPX yields ~0% (minimal) as of mid-2026, paid by passing through the dividends of its underlying holdings. For the payout schedule, history, and how the distributions are taxed, see CHPX dividend: yield and schedule.