BBP vs. CHAT

Last updated Jun 9, 2026

BBP (Virtus LifeSci Biotech Products ETF) and CHAT (Roundhill Generative AI & Technology ETF) are both exchange-traded funds - BBP is a Health & Biotech Equities fund tracking the LifeSci Biotechnology Products Index, while CHAT is a Technology Equities fund actively managed by Roundhill. BBP is passively managed, while CHAT is actively managed. Over the past 3 years, BBP returned 15.67%/yr vs 50.33%/yr for CHAT. At a 0.38 correlation, their price movements are largely independent. BBP charges 0.79%/yr vs 0.75%/yr for CHAT.

Performance

BBP vs. CHAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus LifeSci Biotech Products ETF (BBP) 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, BBP achieves a 5.23% return, which is significantly lower than CHAT's 58.75% return.

BBP

• 1D: -0.72%
• 1M: -4.70%
• YTD: 5.23%
• 6M: 7.53%
• 1Y: 39.09%
• 3Y*: 15.67%
• 5Y*: 9.36%
• 10Y*: 11.99%

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)

BBP vs. CHAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BBP Virtus LifeSci Biotech Products ETF	5.23%	33.15%	3.32%	8.15%
CHAT Roundhill Generative AI & Technology ETF	58.75%	49.85%	30.98%	21.04%

Correlation

The correlation between BBP and CHAT is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (All Time) Calculated using the full available price history since May 18, 2023	0.38

BBP vs. CHAT - Sectors Allocation Comparison

Sectors	BBP	CHAT
Healthcare	100.0%	-
Basic Materials	-	-
Communication Services	-	16.6%
Consumer Cyclical	-	5.6%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	0.0%
Industrials	-	0.8%
Real Estate	-	-
Technology	-	76.5%
Utilities	-	-

Return for Risk

BBP vs. CHAT — Risk / Return Rank

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

BBP

BBP Risk / Return Rank: 64
BBP Sharpe Ratio Rank: 54
BBP Sortino Ratio Rank: 56
BBP Omega Ratio Rank: 49
BBP Calmar Ratio Rank: 85
BBP Martin Ratio Rank: 76

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.

BBP vs. CHAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus LifeSci Biotech Products ETF (BBP) 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.

	BBP	CHAT	Difference
Sharpe ratio: Return per unit of total volatility	1.65	3.63	-1.98
Sortino ratio: Return per unit of downside risk	2.42	3.82	-1.40
Omega ratio: Gain probability vs. loss probability	1.28	1.54	-0.26
Calmar ratio: Return relative to maximum drawdown	4.23	7.23	-3.00
Martin ratio: Return relative to average drawdown	12.99	21.00	-8.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBP vs. CHAT - Sharpe Ratio Comparison

The current BBP Sharpe Ratio is 1.65, which is lower than the CHAT Sharpe Ratio of 3.63. The chart below compares the historical Sharpe Ratios of BBP 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

	BBP	CHAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.65	3.63	-1.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	1.78	-1.39

Drawdowns

BBP vs. CHAT - Drawdown Comparison

The maximum BBP drawdown since its inception was -44.32%, which is greater than CHAT's maximum drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for BBP and CHAT.

Drawdown Indicators

	BBP	CHAT	Difference
Max Drawdown Largest peak-to-trough decline	-44.32%	-31.34%	-12.98%
Max Drawdown (1Y) Largest decline over 1 year	-9.28%	-16.28%	+7.00%
Max Drawdown (3Y) Largest decline over 3 years	-26.09%	-31.34%	+5.25%
Max Drawdown (5Y) Largest decline over 5 years	-38.28%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.32%	—	—
Current Drawdown Current decline from peak	-6.96%	-9.52%	+2.56%
Average Drawdown Average peak-to-trough decline	-12.02%	-5.36%	-6.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	5.60%	-2.58%

Volatility

BBP vs. CHAT - Volatility Comparison

The current volatility for Virtus LifeSci Biotech Products ETF (BBP) is 6.81%, while Roundhill Generative AI & Technology ETF (CHAT) has a volatility of 15.95%. This indicates that BBP 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

	BBP	CHAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.81%	15.95%	-9.14%
Volatility (6M) Calculated over the trailing 6-month period	18.58%	27.06%	-8.48%
Volatility (1Y) Calculated over the trailing 1-year period	23.85%	32.47%	-8.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.34%	30.45%	-4.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.41%	30.45%	-3.04%

BBP vs. CHAT - Expense Ratio Comparison

BBP has a 0.79% expense ratio, which is higher than CHAT's 0.75% expense ratio.

Dividends

BBP vs. CHAT - Dividend Comparison

BBP has not paid dividends to shareholders, while CHAT's dividend yield for the trailing twelve months is around 1.80%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBP Virtus LifeSci Biotech Products ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.18%	0.00%	1.29%
CHAT Roundhill Generative AI & Technology ETF	1.80%	2.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BBP and CHAT in my portfolio?

BBP and CHAT have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBP or CHAT?

CHAT has higher volatility (15.95%) compared to BBP (6.81%). In terms of maximum drawdown, BBP dropped -44.32% vs CHAT's -31.34%.

Which ETF is better, BBP or CHAT?

On 3-year performance, CHAT leads with 50.33% vs 15.67% for BBP. On fees, CHAT is cheaper at 0.75% per year. On volatility, BBP has been the lower-risk option at 6.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBP or CHAT?

Over the 3-year period, CHAT has performed better with a 50.33% return vs 15.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBP or CHAT?

CHAT is cheaper with a 0.75% expense ratio, compared with 0.79% for BBP.

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

CHAT has the higher dividend yield at 1.80%, compared with 0.00% for BBP.

What is the main difference between BBP and CHAT?

BBP is categorized as Health & Biotech Equities, while CHAT is Technology Equities. They also come from different issuers: Virtus Investment Partners and Roundhill. Their fees differ too: 0.79% for BBP and 0.75% for CHAT.

Which has better risk-adjusted returns?

CHAT currently has the higher Sharpe Ratio (3.63 vs 1.65), 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.