CHAT vs. SHLD

Last updated Jun 9, 2026

CHAT (Roundhill Generative AI & Technology ETF) and SHLD (Global X Defense Tech ETF) are both exchange-traded funds - CHAT is a Technology Equities fund actively managed by Roundhill, while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. CHAT is actively managed, while SHLD is passively managed. Over the past year, CHAT returned 117.08% vs 8.97% for SHLD. At a 0.37 correlation, their price movements are largely independent. CHAT charges 0.75%/yr vs 0.50%/yr for SHLD.

Performance

CHAT vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Generative AI & Technology ETF (CHAT) and Global X Defense Tech ETF (SHLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CHAT achieves a 58.75% return, which is significantly higher than SHLD's -2.65% return.

CHAT

• 1D: 3.25%
• 1M: 8.61%
• YTD: 58.75%
• 6M: 54.05%
• 1Y: 117.08%
• 3Y*: 50.33%
• 5Y*: —
• 10Y*: —

SHLD

• 1D: 0.03%
• 1M: -3.34%
• YTD: -2.65%
• 6M: -0.77%
• 1Y: 8.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CHAT vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CHAT Roundhill Generative AI & Technology ETF	58.75%	49.85%	30.98%	9.73%
SHLD Global X Defense Tech ETF	-2.65%	74.16%	35.03%	12.89%

Correlation

The correlation between CHAT and SHLD is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023	0.37

CHAT vs. SHLD - Sectors Allocation Comparison

Sectors	CHAT	SHLD
Technology	76.5%	11.8%
Communication Services	16.6%	-
Consumer Cyclical	5.6%	-
Industrials	0.8%	88.2%
Financial Services	0.0%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

CHAT vs. SHLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CHAT

CHAT Risk / Return Rank: 93
CHAT Sharpe Ratio Rank: 96
CHAT Sortino Ratio Rank: 90
CHAT Omega Ratio Rank: 91
CHAT Calmar Ratio Rank: 95
CHAT Martin Ratio Rank: 92

SHLD

SHLD Risk / Return Rank: 15
SHLD Sharpe Ratio Rank: 15
SHLD Sortino Ratio Rank: 16
SHLD Omega Ratio Rank: 15
SHLD Calmar Ratio Rank: 15
SHLD Martin Ratio Rank: 15

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CHAT vs. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Generative AI & Technology ETF (CHAT) and Global X Defense Tech ETF (SHLD). 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.

	CHAT	SHLD	Difference
Sharpe ratio: Return per unit of total volatility	3.63	0.37	+3.26
Sortino ratio: Return per unit of downside risk	3.82	0.70	+3.12
Omega ratio: Gain probability vs. loss probability	1.54	1.08	+0.46
Calmar ratio: Return relative to maximum drawdown	7.23	0.45	+6.78
Martin ratio: Return relative to average drawdown	21.00	1.16	+19.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CHAT vs. SHLD - Sharpe Ratio Comparison

The current CHAT Sharpe Ratio is 3.63, which is higher than the SHLD Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of CHAT and SHLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CHAT	SHLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.63	0.37	+3.26
Sharpe Ratio (All Time) Calculated using the full available price history	1.78	1.98	-0.20

Drawdowns

CHAT vs. SHLD - Drawdown Comparison

The maximum CHAT drawdown since its inception was -31.34%, which is greater than SHLD's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for CHAT and SHLD.

Drawdown Indicators

	CHAT	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-31.34%	-20.10%	-11.24%
Max Drawdown (1Y) Largest decline over 1 year	-16.28%	-20.10%	+3.82%
Max Drawdown (3Y) Largest decline over 3 years	-31.34%	—	—
Current Drawdown Current decline from peak	-9.52%	-19.16%	+9.64%
Average Drawdown Average peak-to-trough decline	-5.36%	-3.26%	-2.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.60%	7.78%	-2.18%

Volatility

CHAT vs. SHLD - Volatility Comparison

Roundhill Generative AI & Technology ETF (CHAT) has a higher volatility of 15.95% compared to Global X Defense Tech ETF (SHLD) at 7.64%. This indicates that CHAT's price experiences larger fluctuations and is considered to be riskier than SHLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHAT	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.95%	7.64%	+8.31%
Volatility (6M) Calculated over the trailing 6-month period	27.06%	19.39%	+7.67%
Volatility (1Y) Calculated over the trailing 1-year period	32.47%	24.20%	+8.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.45%	21.14%	+9.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.45%	21.14%	+9.31%

CHAT vs. SHLD - Expense Ratio Comparison

CHAT has a 0.75% expense ratio, which is higher than SHLD's 0.50% expense ratio.

Dividends

CHAT vs. SHLD - Dividend Comparison

CHAT's dividend yield for the trailing twelve months is around 1.80%, more than SHLD's 0.56% yield.

Position	TTM	2025	2024	2023
CHAT Roundhill Generative AI & Technology ETF	1.80%	2.85%	0.00%	0.00%
SHLD Global X Defense Tech ETF	0.56%	0.55%	0.53%	0.26%

Frequently Asked Questions

Can I hold both CHAT and SHLD in my portfolio?

CHAT and SHLD have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CHAT or SHLD?

CHAT has higher volatility (15.95%) compared to SHLD (7.64%). In terms of maximum drawdown, CHAT dropped -31.34% vs SHLD's -20.10%.

Which ETF is better, CHAT or SHLD?

On 1-year performance, CHAT leads with 117.08% vs 8.97% for SHLD. On fees, SHLD is cheaper at 0.50% per year. On volatility, SHLD has been the lower-risk option at 7.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CHAT or SHLD?

Over the 1-year period, CHAT has performed better with a 117.08% return vs 8.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CHAT or SHLD?

SHLD is cheaper with a 0.50% expense ratio, compared with 0.75% for CHAT.

Which ETF pays a higher dividend yield, CHAT or SHLD?

CHAT has the higher dividend yield at 1.80%, compared with 0.56% for SHLD.

What is the main difference between CHAT and SHLD?

CHAT is categorized as Technology Equities, while SHLD is Aerospace & Defense. They also come from different issuers: Roundhill and Global X. Their fees differ too: 0.75% for CHAT and 0.50% for SHLD.

Which has better risk-adjusted returns?

CHAT currently has the higher Sharpe Ratio (3.63 vs 0.37), 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.