CHAT vs. AIS

Last updated Aug 4, 2026

CHAT (Roundhill Generative AI & Technology ETF) and AIS (VistaShares Artificial Intelligence Supercycle ETF) are both Artificial Intelligence funds. Both are actively managed. Over the past year, CHAT returned 75.75% vs 125.16% for AIS. Their correlation of 0.91 means they have usually moved in the same direction. Both charge a 0.75% expense ratio.

Performance

CHAT vs. AIS - Performance Comparison

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

Returns By Period

In the year-to-date period, CHAT achieves a 44.67% return, which is significantly lower than AIS's 72.78% return.

CHAT

• 1D: 4.08%
• 1M: -3.93%
• 6M: 36.65%
• YTD: 44.67%
• 1Y: 75.75%
• 3Y*: 43.86%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 46.88%

AIS

• 1D: 2.42%
• 1M: -12.08%
• 6M: 49.99%
• YTD: 72.78%
• 1Y: 125.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 77.79%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AIS VistaShares Artificial Intelligence Supercycle ETF	$38.16M	$40.99M	$51.37M
CHAT Roundhill Generative AI & Technology ETF	$62.52M	$56.73M	$66.46M

CHAT vs. AIS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CHAT Roundhill Generative AI & Technology ETF	44.67%	49.85%	0.90%
AIS VistaShares Artificial Intelligence Supercycle ETF	72.78%	58.35%	-4.74%

Correlation

The correlation between CHAT and AIS is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (All Time) Calculated using the full available price history since Dec 3, 2024	0.91

The correlation between CHAT and AIS has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.

CHAT vs. AIS - Sectors Allocation Comparison

Sectors	CHAT	AIS
Technology	78.9%	87.2%
Communication Services	15.2%	-
Industrials	3.6%	6.8%
Consumer Cyclical	2.3%	-
Financial Services	0.0%	-0.0%
Basic Materials	-	-
Consumer Defensive	-	0.3%
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	2.9%

Return for Risk

CHAT vs. AIS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CHAT

CHAT Risk / Return Rank: 76
CHAT Sharpe Ratio Rank: 82
CHAT Sortino Ratio Rank: 72
CHAT Omega Ratio Rank: 74
CHAT Calmar Ratio Rank: 76
CHAT Martin Ratio Rank: 74

AIS

AIS Risk / Return Rank: 89
AIS Sharpe Ratio Rank: 94
AIS Sortino Ratio Rank: 85
AIS Omega Ratio Rank: 87
AIS Calmar Ratio Rank: 88
AIS Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CHAT vs. AIS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Generative AI & Technology ETF (CHAT) and VistaShares Artificial Intelligence Supercycle ETF (AIS). 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.

	CHAT	AIS	Difference
Sharpe ratio: Return per unit of total volatility	1.94	2.64	-0.70
Sortino ratio: Return per unit of downside risk	2.36	2.87	-0.51
Omega ratio: Gain probability vs. loss probability	1.31	1.39	-0.08
Calmar ratio: Return relative to maximum drawdown	2.69	3.66	-0.97
Martin ratio: Return relative to average drawdown	9.40	14.88	-5.48

CHAT vs. AIS - Sharpe Ratio Comparison

The current CHAT Sharpe Ratio is 1.94, which is comparable to the AIS Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of CHAT and AIS, 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

CHAT vs. AIS - Drawdown Comparison

The maximum CHAT drawdown since its inception was -31.34%, smaller than the maximum AIS drawdown of -34.44%. Use the drawdown chart below to compare losses from any high point for CHAT and AIS.

Drawdown Indicators

	CHAT	AIS	Difference
Max Drawdown Largest peak-to-trough decline	-31.34%	-34.44%	+3.10%
Max Drawdown (1Y) Largest decline over 1 year	-28.34%	-34.44%	+6.10%
Max Drawdown (3Y) Largest decline over 3 years	-31.34%	—	—
Current Drawdown Current decline from peak	-18.04%	-26.18%	+8.14%
Average Drawdown Average peak-to-trough decline	-5.75%	-6.35%	+0.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.09%	8.44%	-0.35%

Volatility

CHAT vs. AIS - Volatility Comparison

The current volatility for Roundhill Generative AI & Technology ETF (CHAT) is 16.63%, while VistaShares Artificial Intelligence Supercycle ETF (AIS) has a volatility of 20.84%. This indicates that CHAT experiences smaller price fluctuations and is considered to be less risky than AIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHAT	AIS	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.63%	20.84%	-4.21%
Volatility (6M) Calculated over the trailing 6-month period	34.48%	43.14%	-8.66%
Volatility (1Y) Calculated over the trailing 1-year period	39.30%	47.84%	-8.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.47%	43.98%	-11.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.47%	43.98%	-11.51%

CHAT vs. AIS - Expense Ratio Comparison

Both CHAT and AIS have an expense ratio of 0.75%.

Dividends

CHAT vs. AIS - Dividend Comparison

CHAT's dividend yield for the trailing twelve months is around 1.97%, while AIS has not paid dividends to shareholders.

Position	TTM	2025
AIS VistaShares Artificial Intelligence Supercycle ETF	0.00%	0.00%
CHAT Roundhill Generative AI & Technology ETF	1.97%	2.85%

Frequently Asked Questions

Can I hold both CHAT and AIS in my portfolio?

With a correlation of 0.90, CHAT and AIS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, CHAT or AIS?

AIS has higher volatility (20.84%) compared to CHAT (16.63%). In terms of maximum drawdown, CHAT dropped -31.34% vs AIS's -34.44%.

Which ETF is better, CHAT or AIS?

On 1-year performance, AIS leads with 125.16% vs 75.75% for CHAT. Both ETFs have the same 0.75% expense ratio. On volatility, CHAT has been the lower-risk option at 16.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CHAT or AIS?

Over the 1-year period, AIS has performed better with a 125.16% return vs 75.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CHAT or AIS?

CHAT and AIS have the same expense ratio: 0.75% per year.

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

CHAT has the higher dividend yield at 1.97%, compared with 0.00% for AIS.

What is the main difference between CHAT and AIS?

They also come from different issuers: Roundhill and VistaShares.

Which has better risk-adjusted returns?

AIS currently has the higher Sharpe Ratio (2.64 vs 1.94), 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.