AVLV vs. CHAT

Last updated Jun 9, 2026

AVLV (Avantis U.S. Large Cap Value ETF) and CHAT (Roundhill Generative AI & Technology ETF) are both exchange-traded funds - AVLV is a Large Cap Value Equities fund actively managed by Avantis, while CHAT is a Technology Equities fund actively managed by Roundhill. Both are actively managed. Over the past 3 years, AVLV returned 22.32%/yr vs 50.33%/yr for CHAT. A 0.58 correlation means they provide meaningful diversification when combined. AVLV charges 0.15%/yr vs 0.75%/yr for CHAT.

Performance

AVLV vs. CHAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis U.S. Large Cap Value ETF (AVLV) 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, AVLV achieves a 19.32% return, which is significantly lower than CHAT's 58.75% return.

AVLV

• 1D: 0.39%
• 1M: 2.66%
• YTD: 19.32%
• 6M: 20.75%
• 1Y: 36.34%
• 3Y*: 22.32%
• 5Y*: —
• 10Y*: —

CHAT

• 1D: 3.25%
• 1M: 8.61%
• YTD: 58.75%
• 6M: 54.05%
• 1Y: 117.08%
• 3Y*: 50.33%
• 5Y*: —
• 10Y*: —

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

AVLV vs. CHAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVLV Avantis U.S. Large Cap Value ETF	19.32%	15.12%	17.49%	15.68%
CHAT Roundhill Generative AI & Technology ETF	58.75%	49.85%	30.98%	19.23%

Correlation

The correlation between AVLV and CHAT is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (All Time) Calculated using the full available price history since May 19, 2023	0.58

The correlation between AVLV and CHAT has been stable across timeframes, ranging from 0.53 to 0.59 - a consistent structural relationship.

AVLV vs. CHAT - Sectors Allocation Comparison

Sectors	AVLV	CHAT
Technology	17.2%	76.5%
Financial Services	16.3%	0.0%
Industrials	15.4%	0.8%
Energy	14.4%	-
Consumer Cyclical	14.1%	5.6%
Consumer Defensive	7.7%	-
Communication Services	6.9%	16.6%
Healthcare	5.6%	-
Basic Materials	2.0%	-
Utilities	0.3%	-
Real Estate	0.1%	-

Return for Risk

AVLV vs. CHAT — Risk / Return Rank

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

AVLV

AVLV Risk / Return Rank: 92
AVLV Sharpe Ratio Rank: 92
AVLV Sortino Ratio Rank: 92
AVLV Omega Ratio Rank: 90
AVLV Calmar Ratio Rank: 92
AVLV Martin Ratio Rank: 93

CHAT

CHAT Risk / Return Rank: 93
CHAT Sharpe Ratio Rank: 96
CHAT Sortino Ratio Rank: 90
CHAT Omega Ratio Rank: 91
CHAT Calmar Ratio Rank: 95
CHAT Martin Ratio Rank: 92

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.

AVLV vs. CHAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis U.S. Large Cap Value ETF (AVLV) 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.

	AVLV	CHAT	Difference
Sharpe ratio: Return per unit of total volatility	2.96	3.63	-0.68
Sortino ratio: Return per unit of downside risk	4.07	3.82	+0.25
Omega ratio: Gain probability vs. loss probability	1.53	1.54	0.00
Calmar ratio: Return relative to maximum drawdown	5.71	7.23	-1.52
Martin ratio: Return relative to average drawdown	22.78	21.00	+1.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVLV vs. CHAT - Sharpe Ratio Comparison

The current AVLV Sharpe Ratio is 2.96, which is comparable to the CHAT Sharpe Ratio of 3.63. The chart below compares the historical Sharpe Ratios of AVLV 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

	AVLV	CHAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.96	3.63	-0.68
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	1.78	-0.93

Drawdowns

AVLV vs. CHAT - Drawdown Comparison

The maximum AVLV drawdown since its inception was -19.50%, smaller than the maximum CHAT drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for AVLV and CHAT.

Drawdown Indicators

	AVLV	CHAT	Difference
Max Drawdown Largest peak-to-trough decline	-19.50%	-31.34%	+11.84%
Max Drawdown (1Y) Largest decline over 1 year	-6.39%	-16.28%	+9.89%
Max Drawdown (3Y) Largest decline over 3 years	-19.50%	-31.34%	+11.84%
Current Drawdown Current decline from peak	-1.36%	-9.52%	+8.16%
Average Drawdown Average peak-to-trough decline	-3.92%	-5.36%	+1.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.60%	5.60%	-4.00%

Volatility

AVLV vs. CHAT - Volatility Comparison

The current volatility for Avantis U.S. Large Cap Value ETF (AVLV) is 3.00%, while Roundhill Generative AI & Technology ETF (CHAT) has a volatility of 15.95%. This indicates that AVLV 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

	AVLV	CHAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.00%	15.95%	-12.95%
Volatility (6M) Calculated over the trailing 6-month period	9.21%	27.06%	-17.85%
Volatility (1Y) Calculated over the trailing 1-year period	12.38%	32.47%	-20.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.35%	30.45%	-13.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.35%	30.45%	-13.10%

AVLV vs. CHAT - Expense Ratio Comparison

AVLV has a 0.15% expense ratio, which is lower than CHAT's 0.75% expense ratio.

Dividends

AVLV vs. CHAT - Dividend Comparison

AVLV's dividend yield for the trailing twelve months is around 1.08%, less than CHAT's 1.80% yield.

Position	TTM	2025	2024	2023	2022	2021
AVLV Avantis U.S. Large Cap Value ETF	1.08%	1.33%	1.58%	1.85%	2.00%	0.29%
CHAT Roundhill Generative AI & Technology ETF	1.80%	2.85%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVLV and CHAT in my portfolio?

AVLV and CHAT have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVLV or CHAT?

CHAT has higher volatility (15.95%) compared to AVLV (3.00%). In terms of maximum drawdown, AVLV dropped -19.50% vs CHAT's -31.34%.

Which ETF is better, AVLV or CHAT?

On 3-year performance, CHAT leads with 50.33% vs 22.32% for AVLV. On fees, AVLV is cheaper at 0.15% per year. On volatility, AVLV has been the lower-risk option at 3.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVLV or CHAT?

Over the 3-year period, CHAT has performed better with a 50.33% return vs 22.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVLV or CHAT?

AVLV is cheaper with a 0.15% expense ratio, compared with 0.75% for CHAT.

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

CHAT has the higher dividend yield at 1.80%, compared with 1.08% for AVLV.

What is the main difference between AVLV and CHAT?

AVLV is categorized as Large Cap Value Equities, while CHAT is Technology Equities. They also come from different issuers: Avantis and Roundhill. Their fees differ too: 0.15% for AVLV and 0.75% for CHAT.

Which has better risk-adjusted returns?

CHAT currently has the higher Sharpe Ratio (3.63 vs 2.96), 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.