CHAT vs. QQQ
Compare and contrast key facts about Roundhill Generative AI & Technology ETF (CHAT) and Invesco QQQ (QQQ).
CHAT and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CHAT is an actively managed fund by Roundhill. It was launched on May 17, 2023. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CHAT or QQQ.
Key characteristics
| CHAT | QQQ | |
|---|---|---|
| YTD Return | 33.64% | 25.94% |
| 1Y Return | 46.70% | 38.64% |
| Sharpe Ratio | 1.91 | 2.22 |
| Sortino Ratio | 2.53 | 2.91 |
| Omega Ratio | 1.33 | 1.40 |
| Calmar Ratio | 2.46 | 2.86 |
| Martin Ratio | 7.47 | 10.42 |
| Ulcer Index | 6.25% | 3.72% |
| Daily Std Dev | 24.41% | 17.47% |
| Max Drawdown | -18.98% | -82.98% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between CHAT and QQQ is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CHAT vs. QQQ - Performance Comparison
In the year-to-date period, CHAT achieves a 33.64% return, which is significantly higher than QQQ's 25.94% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CHAT vs. QQQ - Expense Ratio Comparison
CHAT has a 0.75% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
CHAT vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Generative AI & Technology ETF (CHAT) and Invesco QQQ (QQQ). 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.
Dividends
CHAT vs. QQQ - Dividend Comparison
CHAT has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.59%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHAT Roundhill Generative AI & Technology ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
CHAT vs. QQQ - Drawdown Comparison
The maximum CHAT drawdown since its inception was -18.98%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CHAT and QQQ. For additional features, visit the drawdowns tool.
Volatility
CHAT vs. QQQ - Volatility Comparison
Roundhill Generative AI & Technology ETF (CHAT) has a higher volatility of 6.67% compared to Invesco QQQ (QQQ) at 5.18%. This indicates that CHAT's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.