CHAT vs. AIPO

Last updated Jun 4, 2026

CHAT (Roundhill Generative AI & Technology ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both Technology Equities funds. CHAT is actively managed, while AIPO is passively managed. A 0.78 correlation means they provide meaningful diversification when combined. CHAT charges 0.75%/yr vs 0.69%/yr for AIPO.

Performance

CHAT vs. AIPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Generative AI & Technology ETF (CHAT) and Defiance AI & Power Infrastructure ETF (AIPO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CHAT achieves a 74.30% return, which is significantly higher than AIPO's 52.03% return.

CHAT

• 1D: -0.66%
• 1M: 27.78%
• YTD: 74.30%
• 6M: 73.13%
• 1Y: 144.01%
• 3Y*: 55.51%
• 5Y*: —
• 10Y*: —

AIPO

• 1D: -1.12%
• 1M: 6.63%
• YTD: 52.03%
• 6M: 45.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CHAT vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
CHAT Roundhill Generative AI & Technology ETF	74.30%	18.53%
AIPO Defiance AI & Power Infrastructure ETF	52.03%	8.68%

Correlation

The correlation between CHAT and AIPO 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 (All Time) Calculated using the full available price history since Jul 28, 2025	0.78

CHAT vs. AIPO - Sectors Allocation Comparison

Sectors	CHAT	AIPO
Technology	76.5%	16.5%
Communication Services	16.6%	0.5%
Consumer Cyclical	5.6%	-
Industrials	0.8%	57.1%
Financial Services	0.0%	3.6%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	6.9%
Healthcare	-	-
Real Estate	-	1.0%
Utilities	-	14.4%

Return for Risk

CHAT vs. AIPO — Risk / Return Rank

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

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.

CHAT vs. AIPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Generative AI & Technology ETF (CHAT) and Defiance AI & Power Infrastructure ETF (AIPO). 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.

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

Sharpe Ratios by Period

	CHAT	AIPO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.72	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.98	2.36	-0.38

Drawdowns

CHAT vs. AIPO - Drawdown Comparison

The maximum CHAT drawdown since its inception was -31.34%, which is greater than AIPO's maximum drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for CHAT and AIPO.

Drawdown Indicators

	CHAT	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-31.34%	-17.31%	-14.03%
Max Drawdown (1Y) Largest decline over 1 year	-16.28%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-31.34%	—	—
Current Drawdown Current decline from peak	-0.66%	-1.12%	+0.46%
Average Drawdown Average peak-to-trough decline	-5.35%	-4.38%	-0.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.51%	—	—

Volatility

Volatility by Period

	CHAT	AIPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.70%	—	—
Volatility (6M) Calculated over the trailing 6-month period	24.62%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	30.74%	34.09%	-3.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.90%	34.09%	-4.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.90%	34.09%	-4.19%

CHAT vs. AIPO - Expense Ratio Comparison

CHAT has a 0.75% expense ratio, which is higher than AIPO's 0.69% expense ratio.

Dividends

CHAT vs. AIPO - Dividend Comparison

CHAT's dividend yield for the trailing twelve months is around 1.64%, more than AIPO's 0.01% yield.

Position	TTM	2025
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%
CHAT Roundhill Generative AI & Technology ETF	1.64%	2.85%

Frequently Asked Questions

Can I hold both CHAT and AIPO in my portfolio?

CHAT and AIPO 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 ETF is better, CHAT or AIPO?

On fees, AIPO is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CHAT or AIPO?

AIPO is cheaper with a 0.69% expense ratio, compared with 0.75% for CHAT.

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

CHAT has the higher dividend yield at 1.64%, compared with 0.01% for AIPO.

What is the main difference between CHAT and AIPO?

They also come from different issuers: Roundhill and Defiance. Their fees differ too: 0.75% for CHAT and 0.69% for AIPO.