CHAT vs. BAI

Last updated Jun 4, 2026

CHAT (Roundhill Generative AI & Technology ETF) and BAI (iShares A.I. Innovation and Tech Active ETF) are both Technology Equities funds. Both are actively managed. Over the past year, CHAT returned 144.01% vs 97.95% for BAI. Their correlation of 0.90 suggests significant overlap in exposure. CHAT charges 0.75%/yr vs 0.55%/yr for BAI.

Performance

CHAT vs. BAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Generative AI & Technology ETF (CHAT) and iShares A.I. Innovation and Tech Active ETF (BAI). 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 BAI's 55.29% return.

CHAT

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

BAI

• 1D: -0.40%
• 1M: 18.14%
• YTD: 55.29%
• 6M: 51.89%
• 1Y: 97.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CHAT vs. BAI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CHAT Roundhill Generative AI & Technology ETF	74.30%	49.85%	4.17%
BAI iShares A.I. Innovation and Tech Active ETF	55.29%	25.22%	8.06%

Correlation

The correlation between CHAT and BAI is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (All Time) Calculated using the full available price history since Oct 23, 2024	0.90

The correlation between CHAT and BAI has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.

CHAT vs. BAI - Sectors Allocation Comparison

Sectors	CHAT	BAI
Technology	76.5%	83.2%
Communication Services	16.6%	6.8%
Consumer Cyclical	5.6%	2.6%
Industrials	0.8%	6.7%
Financial Services	0.0%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	0.7%
Real Estate	-	-
Utilities	-	-

Return for Risk

CHAT vs. BAI — 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

BAI

BAI Risk / Return Rank: 82
BAI Sharpe Ratio Rank: 89
BAI Sortino Ratio Rank: 74
BAI Omega Ratio Rank: 75
BAI Calmar Ratio Rank: 92
BAI Martin Ratio Rank: 82

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. BAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Generative AI & Technology ETF (CHAT) and iShares A.I. Innovation and Tech Active ETF (BAI). 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	BAI	Difference
Sharpe ratio: Return per unit of total volatility	4.72	3.04	+1.69
Sortino ratio: Return per unit of downside risk	4.86	3.41	+1.45
Omega ratio: Gain probability vs. loss probability	1.65	1.46	+0.20
Calmar ratio: Return relative to maximum drawdown	8.90	6.07	+2.83
Martin ratio: Return relative to average drawdown	26.26	16.57	+9.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CHAT vs. BAI - Sharpe Ratio Comparison

The current CHAT Sharpe Ratio is 4.72, which is higher than the BAI Sharpe Ratio of 3.04. The chart below compares the historical Sharpe Ratios of CHAT and BAI, 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

	CHAT	BAI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.72	3.04	+1.69
Sharpe Ratio (All Time) Calculated using the full available price history	1.98	1.69	+0.29

Drawdowns

CHAT vs. BAI - Drawdown Comparison

The maximum CHAT drawdown since its inception was -31.34%, smaller than the maximum BAI drawdown of -34.09%. Use the drawdown chart below to compare losses from any high point for CHAT and BAI.

Drawdown Indicators

	CHAT	BAI	Difference
Max Drawdown Largest peak-to-trough decline	-31.34%	-34.09%	+2.75%
Max Drawdown (1Y) Largest decline over 1 year	-16.28%	-16.22%	-0.06%
Max Drawdown (3Y) Largest decline over 3 years	-31.34%	—	—
Current Drawdown Current decline from peak	-0.66%	-0.40%	-0.26%
Average Drawdown Average peak-to-trough decline	-5.35%	-6.93%	+1.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.51%	5.93%	-0.42%

Volatility

CHAT vs. BAI - Volatility Comparison

Roundhill Generative AI & Technology ETF (CHAT) and iShares A.I. Innovation and Tech Active ETF (BAI) have volatilities of 11.70% and 11.32%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHAT	BAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.70%	11.32%	+0.38%
Volatility (6M) Calculated over the trailing 6-month period	24.62%	26.16%	-1.54%
Volatility (1Y) Calculated over the trailing 1-year period	30.74%	32.43%	-1.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.90%	35.06%	-5.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.90%	35.06%	-5.16%

CHAT vs. BAI - Expense Ratio Comparison

CHAT has a 0.75% expense ratio, which is higher than BAI's 0.55% expense ratio.

Dividends

CHAT vs. BAI - Dividend Comparison

CHAT's dividend yield for the trailing twelve months is around 1.64%, more than BAI's 1.16% yield.

Position	TTM	2025
BAI iShares A.I. Innovation and Tech Active ETF	1.16%	1.80%
CHAT Roundhill Generative AI & Technology ETF	1.64%	2.85%

Frequently Asked Questions

Can I hold both CHAT and BAI in my portfolio?

CHAT and BAI have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CHAT or BAI?

CHAT has higher volatility (11.70%) compared to BAI (11.32%). In terms of maximum drawdown, CHAT dropped -31.34% vs BAI's -34.09%.

Which ETF is better, CHAT or BAI?

On 1-year performance, CHAT leads with 144.01% vs 97.95% for BAI. On fees, BAI is cheaper at 0.55% per year. On volatility, BAI has been the lower-risk option at 11.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CHAT or BAI?

Over the 1-year period, CHAT has performed better with a 144.01% return vs 97.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CHAT or BAI?

BAI is cheaper with a 0.55% expense ratio, compared with 0.75% for CHAT.

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

CHAT has the higher dividend yield at 1.64%, compared with 1.16% for BAI.

What is the main difference between CHAT and BAI?

They also come from different issuers: Roundhill and iShares. Their fees differ too: 0.75% for CHAT and 0.55% for BAI.

Which has better risk-adjusted returns?

CHAT currently has the higher Sharpe Ratio (4.72 vs 3.04), 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.