CHAT vs. MU
CHAT (Roundhill Generative AI & Technology ETF) is Technology Equities fund actively managed by Roundhill, while MU (Micron Technology, Inc.) is a stock. Over the past 3 years, CHAT returned 48.02%/yr vs 144.69%/yr for MU. A 0.66 correlation means they provide meaningful diversification when combined.
Performance
CHAT vs. MU - Performance Comparison
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Returns By Period
In the year-to-date period, CHAT achieves a 57.97% return, which is significantly lower than MU's 244.07% return.
CHAT
- 1D
- 0.77%
- 1M
- 8.95%
- YTD
- 57.97%
- 6M
- 60.59%
- 1Y
- 113.65%
- 3Y*
- 48.02%
- 5Y*
- —
- 10Y*
- —
MU
- 1D
- -1.43%
- 1M
- 35.46%
- YTD
- 244.07%
- 6M
- 307.41%
- 1Y
- 751.18%
- 3Y*
- 144.69%
- 5Y*
- 66.21%
- 10Y*
- 55.83%
CHAT vs. MU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CHAT Roundhill Generative AI & Technology ETF | 57.97% | 49.85% | 30.98% | 21.04% |
MU Micron Technology, Inc. | 244.07% | 240.24% | -0.96% | 32.10% |
Correlation
The correlation between CHAT and MU is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since May 18, 2023 | 0.66 |
The correlation between CHAT and MU has been stable across timeframes, ranging from 0.64 to 0.67 - a consistent structural relationship.
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Return for Risk
CHAT vs. MU — Risk / Return Rank
CHAT
MU
CHAT vs. MU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Generative AI & Technology ETF (CHAT) and Micron Technology, Inc. (MU). 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 | MU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.49 | ||
| Sortino ratioReturn per unit of downside risk | -2.55 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.78 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 6.79 | 24.91 | -18.12 |
| Martin ratioReturn relative to average drawdown | 19.03 | 94.64 | -75.61 |
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Drawdowns
CHAT vs. MU - Drawdown Comparison
The maximum CHAT drawdown since its inception was -31.34%, smaller than the maximum MU drawdown of -98.25%. Use the drawdown chart below to compare losses from any high point for CHAT and MU.
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Drawdown Indicators
| CHAT | MU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.34% | -98.25% | +66.91% |
Max Drawdown (1Y)Largest decline over 1 year | -16.28% | -30.28% | +14.00% |
Max Drawdown (3Y)Largest decline over 3 years | -31.34% | -57.63% | +26.29% |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.63% | — |
Current DrawdownCurrent decline from peak | -9.97% | -9.07% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -58.16% | +52.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.80% | 7.95% | -2.15% |
Volatility
CHAT vs. MU - Volatility Comparison
The current volatility for Roundhill Generative AI & Technology ETF (CHAT) is 16.40%, while Micron Technology, Inc. (MU) has a volatility of 32.86%. This indicates that CHAT experiences smaller price fluctuations and is considered to be less risky than MU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CHAT | MU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.40% | 32.86% | -16.46% |
Volatility (6M)Calculated over the trailing 6-month period | 28.00% | 57.74% | -29.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.14% | 69.66% | -36.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.65% | 53.18% | -22.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.65% | 50.12% | -19.47% |
Dividends
CHAT vs. MU - Dividend Comparison
CHAT's dividend yield for the trailing twelve months is around 1.80%, more than MU's 0.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CHAT Roundhill Generative AI & Technology ETF | 1.80% | 2.85% | 0.00% | 0.00% | 0.00% | 0.00% |
MU Micron Technology, Inc. | 0.05% | 0.16% | 0.55% | 0.54% | 0.89% | 0.21% |
Frequently Asked Questions
CHAT and MU have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MU has higher volatility (32.86%) compared to CHAT (16.40%). In terms of maximum drawdown, CHAT dropped -31.34% vs MU's -98.25%.
MU currently has the higher Sharpe Ratio (10.83 vs 3.34), 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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