AVXC vs. CHAT

Last updated Jun 9, 2026

AVXC (Avantis Emerging Markets ex-China Equity ETF) and CHAT (Roundhill Generative AI & Technology ETF) are both exchange-traded funds - AVXC is a Emerging Markets Diversified fund actively managed by Avantis, while CHAT is a Technology Equities fund actively managed by Roundhill. Both are actively managed. Over the past year, AVXC returned 50.65% vs 117.08% for CHAT. A 0.75 correlation means they provide meaningful diversification when combined. AVXC charges 0.33%/yr vs 0.75%/yr for CHAT.

Performance

AVXC vs. CHAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Emerging Markets ex-China Equity ETF (AVXC) 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, AVXC achieves a 26.81% return, which is significantly lower than CHAT's 58.75% return.

AVXC

• 1D: 1.86%
• 1M: -2.00%
• YTD: 26.81%
• 6M: 30.76%
• 1Y: 50.65%
• 3Y*: —
• 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)

AVXC vs. CHAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AVXC Avantis Emerging Markets ex-China Equity ETF	26.81%	31.45%	-0.80%
CHAT Roundhill Generative AI & Technology ETF	58.75%	49.85%	12.89%

Correlation

The correlation between AVXC and CHAT is 0.78, 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	0.78
Correlation (All Time) Calculated using the full available price history since Mar 22, 2024	0.75

The correlation between AVXC and CHAT has been stable across timeframes, ranging from 0.75 to 0.78 - a consistent structural relationship.

AVXC vs. CHAT - Sectors Allocation Comparison

Sectors	AVXC	CHAT
Technology	38.2%	76.5%
Financial Services	20.2%	0.0%
Industrials	10.0%	0.8%
Basic Materials	8.1%	-
Consumer Cyclical	5.5%	5.6%
Energy	4.9%	-
Communication Services	3.7%	16.6%
Consumer Defensive	2.9%	-
Utilities	2.8%	-
Healthcare	2.3%	-
Real Estate	1.5%	-

Return for Risk

AVXC vs. CHAT — Risk / Return Rank

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

AVXC

AVXC Risk / Return Rank: 80
AVXC Sharpe Ratio Rank: 82
AVXC Sortino Ratio Rank: 75
AVXC Omega Ratio Rank: 82
AVXC Calmar Ratio Rank: 78
AVXC Martin Ratio Rank: 81

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.

AVXC vs. CHAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Emerging Markets ex-China Equity ETF (AVXC) 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.

	AVXC	CHAT	Difference
Sharpe ratio: Return per unit of total volatility	2.39	3.63	-1.24
Sortino ratio: Return per unit of downside risk	3.02	3.82	-0.80
Omega ratio: Gain probability vs. loss probability	1.44	1.54	-0.09
Calmar ratio: Return relative to maximum drawdown	3.63	7.23	-3.61
Martin ratio: Return relative to average drawdown	14.38	21.00	-6.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVXC vs. CHAT - Sharpe Ratio Comparison

The current AVXC Sharpe Ratio is 2.39, which is lower than the CHAT Sharpe Ratio of 3.63. The chart below compares the historical Sharpe Ratios of AVXC 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

	AVXC	CHAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.39	3.63	-1.24
Sharpe Ratio (All Time) Calculated using the full available price history	1.35	1.78	-0.42

Drawdowns

AVXC vs. CHAT - Drawdown Comparison

The maximum AVXC drawdown since its inception was -20.44%, smaller than the maximum CHAT drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for AVXC and CHAT.

Drawdown Indicators

	AVXC	CHAT	Difference
Max Drawdown Largest peak-to-trough decline	-20.44%	-31.34%	+10.90%
Max Drawdown (1Y) Largest decline over 1 year	-14.04%	-16.28%	+2.24%
Max Drawdown (3Y) Largest decline over 3 years	—	-31.34%	—
Current Drawdown Current decline from peak	-6.77%	-9.52%	+2.75%
Average Drawdown Average peak-to-trough decline	-3.80%	-5.36%	+1.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.53%	5.60%	-2.07%

Volatility

AVXC vs. CHAT - Volatility Comparison

The current volatility for Avantis Emerging Markets ex-China Equity ETF (AVXC) is 11.07%, while Roundhill Generative AI & Technology ETF (CHAT) has a volatility of 15.95%. This indicates that AVXC 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

	AVXC	CHAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.07%	15.95%	-4.88%
Volatility (6M) Calculated over the trailing 6-month period	19.17%	27.06%	-7.89%
Volatility (1Y) Calculated over the trailing 1-year period	21.33%	32.47%	-11.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.03%	30.45%	-11.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.03%	30.45%	-11.42%

AVXC vs. CHAT - Expense Ratio Comparison

AVXC has a 0.33% expense ratio, which is lower than CHAT's 0.75% expense ratio.

Dividends

AVXC vs. CHAT - Dividend Comparison

AVXC's dividend yield for the trailing twelve months is around 1.58%, less than CHAT's 1.80% yield.

Position	TTM	2025	2024
AVXC Avantis Emerging Markets ex-China Equity ETF	1.58%	1.97%	1.34%
CHAT Roundhill Generative AI & Technology ETF	1.80%	2.85%	0.00%

Frequently Asked Questions

Can I hold both AVXC and CHAT in my portfolio?

AVXC and CHAT have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVXC or CHAT?

CHAT has higher volatility (15.95%) compared to AVXC (11.07%). In terms of maximum drawdown, AVXC dropped -20.44% vs CHAT's -31.34%.

Which ETF is better, AVXC or CHAT?

On 1-year performance, CHAT leads with 117.08% vs 50.65% for AVXC. On fees, AVXC is cheaper at 0.33% per year. On volatility, AVXC has been the lower-risk option at 11.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVXC or CHAT?

Over the 1-year period, CHAT has performed better with a 117.08% return vs 50.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVXC or CHAT?

AVXC is cheaper with a 0.33% expense ratio, compared with 0.75% for CHAT.

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

CHAT has the higher dividend yield at 1.80%, compared with 1.58% for AVXC.

What is the main difference between AVXC and CHAT?

AVXC is categorized as Emerging Markets Diversified, while CHAT is Technology Equities. They also come from different issuers: Avantis and Roundhill. Their fees differ too: 0.33% for AVXC and 0.75% for CHAT.

Which has better risk-adjusted returns?

CHAT currently has the higher Sharpe Ratio (3.63 vs 2.39), 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.