AIEQ vs. CHAT

Last updated Jun 4, 2026

AIEQ (AI Powered Equity ETF) and CHAT (Roundhill Generative AI & Technology ETF) are both exchange-traded funds - AIEQ is a Large Cap Growth Equities fund actively managed by ETFMG, while CHAT is a Technology Equities fund actively managed by Roundhill. Both are actively managed. Over the past year, AIEQ returned 22.77% vs 144.01% for CHAT. A 0.75 correlation means they provide meaningful diversification when combined. AIEQ charges 0.80%/yr vs 0.75%/yr for CHAT.

Performance

AIEQ vs. CHAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AI Powered Equity ETF (AIEQ) and Roundhill Generative AI & Technology ETF (CHAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIEQ achieves a 10.58% return, which is significantly lower than CHAT's 74.30% return.

AIEQ

• 1D: -0.53%
• 1M: 5.24%
• YTD: 10.58%
• 6M: 11.05%
• 1Y: 22.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CHAT

• 1D: -0.66%
• 1M: 27.78%
• YTD: 74.30%
• 6M: 73.13%
• 1Y: 144.01%
• 3Y*: 55.51%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIEQ vs. CHAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AIEQ AI Powered Equity ETF	10.58%	13.96%	14.21%
CHAT Roundhill Generative AI & Technology ETF	74.30%	49.85%	22.61%

Correlation

The correlation between AIEQ and CHAT is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (All Time) Calculated using the full available price history since Jan 30, 2024	0.75

The correlation between AIEQ and CHAT has been stable across timeframes, ranging from 0.72 to 0.75 - a consistent structural relationship.

AIEQ vs. CHAT - Sectors Allocation Comparison

Sectors	AIEQ	CHAT
Technology	35.7%	76.5%
Financial Services	13.1%	0.0%
Communication Services	12.3%	16.6%
Consumer Cyclical	10.5%	5.6%
Industrials	8.3%	0.8%
Healthcare	7.1%	-
Consumer Defensive	5.7%	-
Energy	2.7%	-
Basic Materials	2.4%	-
Real Estate	1.7%	-
Utilities	0.6%	-

Return for Risk

AIEQ vs. CHAT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIEQ

AIEQ Risk / Return Rank: 53
AIEQ Sharpe Ratio Rank: 53
AIEQ Sortino Ratio Rank: 51
AIEQ Omega Ratio Rank: 53
AIEQ Calmar Ratio Rank: 50
AIEQ Martin Ratio Rank: 55

CHAT

CHAT Risk / Return Rank: 94
CHAT Sharpe Ratio Rank: 97
CHAT Sortino Ratio Rank: 94
CHAT Omega Ratio Rank: 93
CHAT Calmar Ratio Rank: 96
CHAT Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIEQ vs. CHAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AI Powered Equity ETF (AIEQ) and Roundhill Generative AI & Technology ETF (CHAT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AIEQ	CHAT	Difference
Sharpe ratio: Return per unit of total volatility	1.86	4.72	-2.87
Sortino ratio: Return per unit of downside risk	2.55	4.86	-2.31
Omega ratio: Gain probability vs. loss probability	1.34	1.65	-0.32
Calmar ratio: Return relative to maximum drawdown	2.51	8.90	-6.39
Martin ratio: Return relative to average drawdown	9.72	26.26	-16.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AIEQ vs. CHAT - Sharpe Ratio Comparison

The current AIEQ Sharpe Ratio is 1.86, which is lower than the CHAT Sharpe Ratio of 4.72. The chart below compares the historical Sharpe Ratios of AIEQ and CHAT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AIEQ	CHAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.86	4.72	-2.87
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	1.98	-1.11

Drawdowns

AIEQ vs. CHAT - Drawdown Comparison

The maximum AIEQ drawdown since its inception was -24.19%, smaller than the maximum CHAT drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for AIEQ and CHAT.

Drawdown Indicators

	AIEQ	CHAT	Difference
Max Drawdown Largest peak-to-trough decline	-24.19%	-31.34%	+7.15%
Max Drawdown (1Y) Largest decline over 1 year	-9.11%	-16.28%	+7.17%
Max Drawdown (3Y) Largest decline over 3 years	—	-31.34%	—
Current Drawdown Current decline from peak	-0.56%	-0.66%	+0.10%
Average Drawdown Average peak-to-trough decline	-3.31%	-5.35%	+2.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.35%	5.51%	-3.16%

Volatility

AIEQ vs. CHAT - Volatility Comparison

The current volatility for AI Powered Equity ETF (AIEQ) is 3.14%, while Roundhill Generative AI & Technology ETF (CHAT) has a volatility of 11.70%. This indicates that AIEQ experiences smaller price fluctuations and is considered to be less risky than CHAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIEQ	CHAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.14%	11.70%	-8.56%
Volatility (6M) Calculated over the trailing 6-month period	9.37%	24.62%	-15.25%
Volatility (1Y) Calculated over the trailing 1-year period	12.34%	30.74%	-18.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.48%	29.90%	-10.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.48%	29.90%	-10.42%

AIEQ vs. CHAT - Expense Ratio Comparison

AIEQ has a 0.80% expense ratio, which is higher than CHAT's 0.75% expense ratio.

Dividends

AIEQ vs. CHAT - Dividend Comparison

AIEQ's dividend yield for the trailing twelve months is around 0.39%, less than CHAT's 1.64% yield.

Position	TTM	2025	2024
AIEQ AI Powered Equity ETF	0.39%	0.43%	0.65%
CHAT Roundhill Generative AI & Technology ETF	1.64%	2.85%	0.00%

Frequently Asked Questions

Can I hold both AIEQ and CHAT in my portfolio?

AIEQ and CHAT have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AIEQ or CHAT?

CHAT has higher volatility (11.70%) compared to AIEQ (3.14%). In terms of maximum drawdown, AIEQ dropped -24.19% vs CHAT's -31.34%.

Which ETF is better, AIEQ or CHAT?

On 1-year performance, CHAT leads with 144.01% vs 22.77% for AIEQ. On fees, CHAT is cheaper at 0.75% per year. On volatility, AIEQ has been the lower-risk option at 3.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AIEQ or CHAT?

Over the 1-year period, CHAT has performed better with a 144.01% return vs 22.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AIEQ or CHAT?

CHAT is cheaper with a 0.75% expense ratio, compared with 0.80% for AIEQ.

Which ETF pays a higher dividend yield, AIEQ or CHAT?

CHAT has the higher dividend yield at 1.64%, compared with 0.39% for AIEQ.

What is the main difference between AIEQ and CHAT?

AIEQ is categorized as Large Cap Growth Equities, while CHAT is Technology Equities. They also come from different issuers: ETFMG and Roundhill. Their fees differ too: 0.80% for AIEQ and 0.75% for CHAT.

Which has better risk-adjusted returns?

CHAT currently has the higher Sharpe Ratio (4.72 vs 1.86), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.