CHAT vs. BTC-USD
CHAT (Roundhill Generative AI & Technology ETF) is Technology Equities fund actively managed by Roundhill, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 3 years, CHAT returned 52.13%/yr vs 28.88%/yr for BTC-USD. At a 0.26 correlation, their price movements are largely independent.
Performance
CHAT vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, CHAT achieves a 73.58% return, which is significantly higher than BTC-USD's -26.61% return.
CHAT
- 1D
- 5.65%
- 1M
- 15.33%
- YTD
- 73.58%
- 6M
- 75.54%
- 1Y
- 128.63%
- 3Y*
- 52.13%
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- 1.16%
- 1M
- -17.20%
- YTD
- -26.61%
- 6M
- -27.30%
- 1Y
- -37.85%
- 3Y*
- 28.88%
- 5Y*
- 15.23%
- 10Y*
- 59.45%
CHAT vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CHAT Roundhill Generative AI & Technology ETF | 73.58% | 49.85% | 30.98% | 21.04% |
BTC-USD Bitcoin | -26.61% | -6.27% | 120.76% | 54.29% |
Correlation
The correlation between CHAT and BTC-USD is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since May 18, 2023 | 0.26 |
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Return for Risk
CHAT vs. BTC-USD — Risk / Return Rank
CHAT
BTC-USD
CHAT vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Generative AI & Technology ETF (CHAT) and Bitcoin (BTC-USD). 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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.67 | ||
| Sortino ratioReturn per unit of downside risk | +5.16 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 0.88 | +0.67 |
| Calmar ratioReturn relative to maximum drawdown | 7.91 | -0.74 | +8.65 |
| Martin ratioReturn relative to average drawdown | 21.99 | -1.26 | +23.25 |
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Drawdowns
CHAT vs. BTC-USD - Drawdown Comparison
The maximum CHAT drawdown since its inception was -31.34%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for CHAT and BTC-USD.
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Drawdown Indicators
| CHAT | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.34% | -85.30% | +53.96% |
Max Drawdown (1Y)Largest decline over 1 year | -16.28% | -51.21% | +34.93% |
Max Drawdown (3Y)Largest decline over 3 years | -31.34% | -51.21% | +19.87% |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -1.07% | -48.51% | +47.44% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -42.42% | +37.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.84% | 31.31% | -25.47% |
Volatility
CHAT vs. BTC-USD - Volatility Comparison
Roundhill Generative AI & Technology ETF (CHAT) has a higher volatility of 17.54% compared to Bitcoin (BTC-USD) at 12.47%. This indicates that CHAT's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CHAT | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.54% | 12.47% | +5.07% |
Volatility (6M)Calculated over the trailing 6-month period | 28.68% | 34.51% | -5.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.98% | 35.68% | -1.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.95% | 44.48% | -13.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.95% | 56.49% | -25.54% |
Frequently Asked Questions
CHAT and BTC-USD have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CHAT has higher volatility (17.54%) compared to BTC-USD (12.47%). In terms of maximum drawdown, CHAT dropped -31.34% vs BTC-USD's -85.30%.
CHAT currently has the higher Sharpe Ratio (3.79 vs -0.88), 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.
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