CHAT vs. IBM
CHAT (Roundhill Generative AI & Technology ETF) is Technology Equities fund actively managed by Roundhill, while IBM (International Business Machines Corporation) is a stock. Over the past 3 years, CHAT returned 48.02%/yr vs 29.65%/yr for IBM. At a 0.31 correlation, their price movements are largely independent.
Performance
CHAT vs. IBM - Performance Comparison
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Returns By Period
In the year-to-date period, CHAT achieves a 57.97% return, which is significantly higher than IBM's -6.89% return.
CHAT
- 1D
- 0.77%
- 1M
- 8.95%
- YTD
- 57.97%
- 6M
- 60.59%
- 1Y
- 113.65%
- 3Y*
- 48.02%
- 5Y*
- —
- 10Y*
- —
IBM
- 1D
- -0.95%
- 1M
- 24.14%
- YTD
- -6.89%
- 6M
- -10.81%
- 1Y
- 0.72%
- 3Y*
- 29.65%
- 5Y*
- 18.01%
- 10Y*
- 11.09%
CHAT vs. IBM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CHAT Roundhill Generative AI & Technology ETF | 57.97% | 49.85% | 30.98% | 21.04% |
IBM International Business Machines Corporation | -6.89% | 38.23% | 39.27% | 33.09% |
Correlation
The correlation between CHAT and IBM is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since May 18, 2023 | 0.31 |
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Return for Risk
CHAT vs. IBM — Risk / Return Rank
CHAT
IBM
CHAT vs. IBM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Generative AI & Technology ETF (CHAT) and International Business Machines Corporation (IBM). 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 | IBM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.35 | ||
| Sortino ratioReturn per unit of downside risk | +3.34 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.04 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 6.79 | -0.02 | +6.81 |
| Martin ratioReturn relative to average drawdown | 19.03 | -0.05 | +19.07 |
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Drawdowns
CHAT vs. IBM - Drawdown Comparison
The maximum CHAT drawdown since its inception was -31.34%, smaller than the maximum IBM drawdown of -69.40%. Use the drawdown chart below to compare losses from any high point for CHAT and IBM.
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Drawdown Indicators
| CHAT | IBM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.34% | -69.40% | +38.06% |
Max Drawdown (1Y)Largest decline over 1 year | -16.28% | -30.96% | +14.68% |
Max Drawdown (3Y)Largest decline over 3 years | -31.34% | -30.96% | -0.38% |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.59% | — |
Current DrawdownCurrent decline from peak | -9.97% | -17.31% | +7.34% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -20.12% | +14.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.80% | 14.38% | -8.58% |
Volatility
CHAT vs. IBM - Volatility Comparison
The current volatility for Roundhill Generative AI & Technology ETF (CHAT) is 16.40%, while International Business Machines Corporation (IBM) has a volatility of 21.43%. This indicates that CHAT experiences smaller price fluctuations and is considered to be less risky than IBM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CHAT | IBM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.40% | 21.43% | -5.03% |
Volatility (6M)Calculated over the trailing 6-month period | 28.00% | 34.62% | -6.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.14% | 39.45% | -6.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.65% | 27.16% | +3.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.65% | 26.59% | +4.06% |
Dividends
CHAT vs. IBM - Dividend Comparison
CHAT's dividend yield for the trailing twelve months is around 1.80%, less than IBM's 2.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHAT Roundhill Generative AI & Technology ETF | 1.80% | 2.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBM International Business Machines Corporation | 2.47% | 2.27% | 3.03% | 4.05% | 4.68% | 4.74% | 5.17% | 4.80% | 5.46% | 3.85% | 3.31% | 3.63% |
Frequently Asked Questions
CHAT and IBM have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBM has higher volatility (21.43%) compared to CHAT (16.40%). In terms of maximum drawdown, CHAT dropped -31.34% vs IBM's -69.40%.
CHAT currently has the higher Sharpe Ratio (3.34 vs -0.02), 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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