BULD vs. CHAT

Last updated Jun 4, 2026

BULD (Pacer BlueStar Engineering the Future ETF) and CHAT (Roundhill Generative AI & Technology ETF) are both Technology Equities funds. BULD is passively managed, while CHAT is actively managed. Over the past 3 years, BULD returned 18.64%/yr vs 55.51%/yr for CHAT. A 0.75 correlation means they provide meaningful diversification when combined. BULD charges 0.60%/yr vs 0.75%/yr for CHAT.

Performance

BULD vs. CHAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer BlueStar Engineering the Future ETF (BULD) 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, BULD achieves a 34.29% return, which is significantly lower than CHAT's 74.30% return.

BULD

• 1D: -0.38%
• 1M: 14.07%
• YTD: 34.29%
• 6M: 30.65%
• 1Y: 64.78%
• 3Y*: 18.64%
• 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)

BULD vs. CHAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BULD Pacer BlueStar Engineering the Future ETF	34.29%	23.20%	-3.93%	9.85%
CHAT Roundhill Generative AI & Technology ETF	74.30%	49.85%	30.98%	19.23%

Correlation

The correlation between BULD and CHAT is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (All Time) Calculated using the full available price history since May 19, 2023	0.75

The correlation between BULD and CHAT has been stable across timeframes, ranging from 0.73 to 0.75 - a consistent structural relationship.

Return for Risk

BULD vs. CHAT — Risk / Return Rank

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

BULD

BULD Risk / Return Rank: 71
BULD Sharpe Ratio Rank: 72
BULD Sortino Ratio Rank: 69
BULD Omega Ratio Rank: 61
BULD Calmar Ratio Rank: 81
BULD Martin Ratio Rank: 72

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.

BULD vs. CHAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer BlueStar Engineering the Future ETF (BULD) 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.

	BULD	CHAT	Difference
Sharpe ratio: Return per unit of total volatility	2.34	4.72	-2.38
Sortino ratio: Return per unit of downside risk	3.17	4.86	-1.69
Omega ratio: Gain probability vs. loss probability	1.37	1.65	-0.28
Calmar ratio: Return relative to maximum drawdown	4.21	8.90	-4.69
Martin ratio: Return relative to average drawdown	13.30	26.26	-12.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BULD vs. CHAT - Sharpe Ratio Comparison

The current BULD Sharpe Ratio is 2.34, which is lower than the CHAT Sharpe Ratio of 4.72. The chart below compares the historical Sharpe Ratios of BULD 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

	BULD	CHAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.34	4.72	-2.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	1.98	-1.43

Drawdowns

BULD vs. CHAT - Drawdown Comparison

The maximum BULD drawdown since its inception was -27.64%, smaller than the maximum CHAT drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for BULD and CHAT.

Drawdown Indicators

	BULD	CHAT	Difference
Max Drawdown Largest peak-to-trough decline	-27.64%	-31.34%	+3.70%
Max Drawdown (1Y) Largest decline over 1 year	-15.48%	-16.28%	+0.80%
Max Drawdown (3Y) Largest decline over 3 years	-27.64%	-31.34%	+3.70%
Current Drawdown Current decline from peak	-0.38%	-0.66%	+0.28%
Average Drawdown Average peak-to-trough decline	-8.30%	-5.35%	-2.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.88%	5.51%	-0.63%

Volatility

BULD vs. CHAT - Volatility Comparison

The current volatility for Pacer BlueStar Engineering the Future ETF (BULD) is 8.50%, while Roundhill Generative AI & Technology ETF (CHAT) has a volatility of 11.70%. This indicates that BULD 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

	BULD	CHAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.50%	11.70%	-3.20%
Volatility (6M) Calculated over the trailing 6-month period	21.34%	24.62%	-3.28%
Volatility (1Y) Calculated over the trailing 1-year period	27.85%	30.74%	-2.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.73%	29.90%	-2.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.73%	29.90%	-2.17%

BULD vs. CHAT - Expense Ratio Comparison

BULD has a 0.60% expense ratio, which is lower than CHAT's 0.75% expense ratio.

Dividends

BULD vs. CHAT - Dividend Comparison

BULD's dividend yield for the trailing twelve months is around 0.92%, less than CHAT's 1.64% yield.

Position	TTM	2025	2024	2023	2022
BULD Pacer BlueStar Engineering the Future ETF	0.92%	1.24%	0.18%	0.21%	0.08%
CHAT Roundhill Generative AI & Technology ETF	1.64%	2.85%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BULD and CHAT in my portfolio?

BULD and CHAT have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BULD or CHAT?

CHAT has higher volatility (11.70%) compared to BULD (8.50%). In terms of maximum drawdown, BULD dropped -27.64% vs CHAT's -31.34%.

Which ETF is better, BULD or CHAT?

On 3-year performance, CHAT leads with 55.51% vs 18.64% for BULD. On fees, BULD is cheaper at 0.60% per year. On volatility, BULD has been the lower-risk option at 8.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BULD or CHAT?

Over the 3-year period, CHAT has performed better with a 55.51% return vs 18.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BULD or CHAT?

BULD is cheaper with a 0.60% expense ratio, compared with 0.75% for CHAT.

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

CHAT has the higher dividend yield at 1.64%, compared with 0.92% for BULD.

What is the main difference between BULD and CHAT?

They also come from different issuers: Pacer and Roundhill. Their fees differ too: 0.60% for BULD and 0.75% for CHAT.

Which has better risk-adjusted returns?

CHAT currently has the higher Sharpe Ratio (4.72 vs 2.34), 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.