CHAT vs. MSFT
CHAT (Roundhill Generative AI & Technology ETF) is Technology Equities fund actively managed by Roundhill, while MSFT (Microsoft Corporation) is a stock. Over the past 3 years, CHAT returned 48.02%/yr vs 6.16%/yr for MSFT. A 0.56 correlation means they provide meaningful diversification when combined.
Performance
CHAT vs. MSFT - 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 MSFT's -18.85% return.
CHAT
- 1D
- 0.77%
- 1M
- 8.95%
- YTD
- 57.97%
- 6M
- 60.59%
- 1Y
- 113.65%
- 3Y*
- 48.02%
- 5Y*
- —
- 10Y*
- —
MSFT
- 1D
- 0.10%
- 1M
- -7.19%
- YTD
- -18.85%
- 6M
- -17.98%
- 1Y
- -17.07%
- 3Y*
- 6.16%
- 5Y*
- 9.56%
- 10Y*
- 24.39%
CHAT vs. MSFT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CHAT Roundhill Generative AI & Technology ETF | 57.97% | 49.85% | 30.98% | 21.04% |
MSFT Microsoft Corporation | -18.85% | 15.58% | 12.93% | 20.26% |
Correlation
The correlation between CHAT and MSFT is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since May 18, 2023 | 0.56 |
Over the past year, the correlation between CHAT and MSFT has dropped to 0.36 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.
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Return for Risk
CHAT vs. MSFT — Risk / Return Rank
CHAT
MSFT
CHAT vs. MSFT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Generative AI & Technology ETF (CHAT) and Microsoft Corporation (MSFT). 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 | MSFT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.04 | ||
| Sortino ratioReturn per unit of downside risk | +4.44 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 0.89 | +0.61 |
| Calmar ratioReturn relative to maximum drawdown | 6.79 | -0.53 | +7.32 |
| Martin ratioReturn relative to average drawdown | 19.03 | -1.08 | +20.11 |
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Drawdowns
CHAT vs. MSFT - Drawdown Comparison
The maximum CHAT drawdown since its inception was -31.34%, smaller than the maximum MSFT drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for CHAT and MSFT.
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Drawdown Indicators
| CHAT | MSFT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.34% | -69.38% | +38.04% |
Max Drawdown (1Y)Largest decline over 1 year | -16.28% | -33.91% | +17.63% |
Max Drawdown (3Y)Largest decline over 3 years | -31.34% | -33.91% | +2.57% |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.15% | — |
Current DrawdownCurrent decline from peak | -9.97% | -27.46% | +17.49% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -21.78% | +16.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.80% | 16.48% | -10.68% |
Volatility
CHAT vs. MSFT - Volatility Comparison
Roundhill Generative AI & Technology ETF (CHAT) has a higher volatility of 16.40% compared to Microsoft Corporation (MSFT) at 10.52%. This indicates that CHAT's price experiences larger fluctuations and is considered to be riskier than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CHAT | MSFT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.40% | 10.52% | +5.88% |
Volatility (6M)Calculated over the trailing 6-month period | 28.00% | 22.31% | +5.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.14% | 25.42% | +7.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.65% | 26.66% | +3.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.65% | 27.06% | +3.59% |
Dividends
CHAT vs. MSFT - Dividend Comparison
CHAT's dividend yield for the trailing twelve months is around 1.80%, more than MSFT's 0.91% 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% |
MSFT Microsoft Corporation | 0.91% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
Frequently Asked Questions
CHAT and MSFT have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CHAT has higher volatility (16.40%) compared to MSFT (10.52%). In terms of maximum drawdown, CHAT dropped -31.34% vs MSFT's -69.38%.
CHAT currently has the higher Sharpe Ratio (3.34 vs -0.70), 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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