CDC vs. CHAT

Last updated Jun 24, 2026

CDC (VictoryShares US EQ Income Enhanced Volatility Wtd ETF) and CHAT (Roundhill Generative AI & Technology ETF) are both exchange-traded funds - CDC is a Large Cap Value Equities fund tracking the Nasdaq Victory U.S. Large Cap High Dividend 100 Long/Cash Volatility Weighted Index, while CHAT is a Technology Equities fund actively managed by Roundhill. CDC is passively managed, while CHAT is actively managed. Over the past 3 years, CDC returned 12.98%/yr vs 51.32%/yr for CHAT. At a 0.09 correlation, their price movements are largely independent. CDC charges 0.37%/yr vs 0.75%/yr for CHAT.

Performance

CDC vs. CHAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC) 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, CDC achieves a 13.97% return, which is significantly lower than CHAT's 63.45% return.

CDC

• 1D: 1.02%
• 1M: 0.81%
• YTD: 13.97%
• 6M: 13.78%
• 1Y: 21.05%
• 3Y*: 12.98%
• 5Y*: 6.51%
• 10Y*: 10.51%

CHAT

• 1D: -7.40%
• 1M: 7.27%
• YTD: 63.45%
• 6M: 62.78%
• 1Y: 115.67%
• 3Y*: 51.32%
• 5Y*: —
• 10Y*: —

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

CDC vs. CHAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF	13.97%	8.96%	14.48%	0.03%
CHAT Roundhill Generative AI & Technology ETF	63.45%	49.85%	30.98%	21.04%

Correlation

The correlation between CDC and CHAT is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (All Time) Calculated using the full available price history since May 18, 2023	0.09

The correlation between CDC and CHAT shifts across timeframes, from -0.07 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.

CDC vs. CHAT - Sectors Allocation Comparison

Sectors	CDC	CHAT
Financial Services	24.0%	0.0%
Utilities	23.9%	-
Consumer Defensive	15.1%	-
Energy	8.8%	-
Consumer Cyclical	7.0%	2.4%
Healthcare	6.9%	-
Technology	5.0%	77.8%
Industrials	4.4%	3.5%
Communication Services	4.0%	16.1%
Basic Materials	0.0%	-
Real Estate	0.0%	-

Return for Risk

CDC vs. CHAT — Risk / Return Rank

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

CDC

CDC Risk / Return Rank: 72
CDC Sharpe Ratio Rank: 70
CDC Sortino Ratio Rank: 74
CDC Omega Ratio Rank: 64
CDC Calmar Ratio Rank: 77
CDC Martin Ratio Rank: 74

CHAT

CHAT Risk / Return Rank: 89
CHAT Sharpe Ratio Rank: 94
CHAT Sortino Ratio Rank: 84
CHAT Omega Ratio Rank: 85
CHAT Calmar Ratio Rank: 95
CHAT Martin Ratio Rank: 90

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.

CDC vs. CHAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CDC	CHAT	Difference
Sharpe ratio: Return per unit of total volatility	2.12	3.34	-1.22
Sortino ratio: Return per unit of downside risk	3.09	3.54	-0.44
Omega ratio: Gain probability vs. loss probability	1.36	1.49	-0.13
Calmar ratio: Return relative to maximum drawdown	3.73	7.14	-3.41
Martin ratio: Return relative to average drawdown	13.12	19.81	-6.69

CDC vs. CHAT - Sharpe Ratio Comparison

The current CDC Sharpe Ratio is 2.12, which is lower than the CHAT Sharpe Ratio of 3.34. The chart below compares the historical Sharpe Ratios of CDC 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.

Drawdowns

CDC vs. CHAT - Drawdown Comparison

The maximum CDC drawdown since its inception was -21.37%, smaller than the maximum CHAT drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for CDC and CHAT.

Drawdown Indicators

	CDC	CHAT	Difference
Max Drawdown Largest peak-to-trough decline	-21.37%	-31.34%	+9.97%
Max Drawdown (1Y) Largest decline over 1 year	-5.67%	-16.28%	+10.61%
Max Drawdown (3Y) Largest decline over 3 years	-12.70%	-31.34%	+18.64%
Max Drawdown (5Y) Largest decline over 5 years	-21.37%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-21.37%	—	—
Current Drawdown Current decline from peak	-0.49%	-7.40%	+6.91%
Average Drawdown Average peak-to-trough decline	-5.09%	-5.38%	+0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.61%	5.86%	-4.25%

Volatility

CDC vs. CHAT - Volatility Comparison

The current volatility for VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC) is 3.44%, while Roundhill Generative AI & Technology ETF (CHAT) has a volatility of 19.25%. This indicates that CDC 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

	CDC	CHAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.44%	19.25%	-15.81%
Volatility (6M) Calculated over the trailing 6-month period	7.13%	29.60%	-22.47%
Volatility (1Y) Calculated over the trailing 1-year period	9.99%	34.87%	-24.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.52%	31.22%	-18.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.21%	31.22%	-18.01%

CDC vs. CHAT - Expense Ratio Comparison

CDC has a 0.37% expense ratio, which is lower than CHAT's 0.75% expense ratio.

Dividends

CDC vs. CHAT - Dividend Comparison

CDC's dividend yield for the trailing twelve months is around 3.14%, more than CHAT's 1.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF	3.14%	3.36%	3.32%	4.24%	3.48%	2.65%	2.48%	3.04%	3.37%	2.81%	2.99%	3.17%
CHAT Roundhill Generative AI & Technology ETF	1.74%	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 CDC and CHAT in my portfolio?

CDC and CHAT have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CDC or CHAT?

CHAT has higher volatility (19.25%) compared to CDC (3.44%). In terms of maximum drawdown, CDC dropped -21.37% vs CHAT's -31.34%.

Which ETF is better, CDC or CHAT?

On 3-year performance, CHAT leads with 51.32% vs 12.98% for CDC. On fees, CDC is cheaper at 0.37% per year. On volatility, CDC has been the lower-risk option at 3.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CDC or CHAT?

Over the 3-year period, CHAT has performed better with a 51.32% return vs 12.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CDC or CHAT?

CDC is cheaper with a 0.37% expense ratio, compared with 0.75% for CHAT.

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

CDC has the higher dividend yield at 3.14%, compared with 1.74% for CHAT.

What is the main difference between CDC and CHAT?

CDC is categorized as Large Cap Value Equities, while CHAT is Technology Equities. They also come from different issuers: Crestview and Roundhill. Their fees differ too: 0.37% for CDC and 0.75% for CHAT.

Which has better risk-adjusted returns?

CHAT currently has the higher Sharpe Ratio (3.34 vs 2.12), 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.