CHAT vs. STCE

Last updated Jul 22, 2026

CHAT (Roundhill Generative AI & Technology ETF) and STCE (Schwab Crypto Thematic ETF) are both exchange-traded funds - CHAT is a Technology Equities fund actively managed by Roundhill, while STCE is a Blockchain fund tracking the Schwab Crypto Thematic Index. CHAT is actively managed, while STCE is passively managed. Over the past 3 years, CHAT returned 45.17%/yr vs 38.27%/yr for STCE. A 0.60 correlation means they provide meaningful diversification when combined. CHAT charges 0.75%/yr vs 0.30%/yr for STCE.

Performance

CHAT vs. STCE - Performance Comparison

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

Returns By Period

In the year-to-date period, CHAT achieves a 47.03% return, which is significantly higher than STCE's 13.97% return.

CHAT

• 1D: 5.60%
• 1M: -15.29%
• 6M: 45.45%
• YTD: 47.03%
• 1Y: 76.67%
• 3Y*: 45.17%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 48.27%

STCE

• 1D: 4.92%
• 1M: -13.45%
• 6M: -3.75%
• YTD: 13.97%
• 1Y: 20.08%
• 3Y*: 38.27%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 28.59%

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

CHAT vs. STCE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CHAT Roundhill Generative AI & Technology ETF	47.03%	49.85%	30.98%	21.04%
STCE Schwab Crypto Thematic ETF	13.97%	36.12%	41.76%	60.34%

Correlation

The correlation between CHAT and STCE 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	0.61
Correlation (All Time) Calculated using the full available price history since May 18, 2023	0.60

The correlation between CHAT and STCE has been stable across timeframes, ranging from 0.60 to 0.64 - a consistent structural relationship.

CHAT vs. STCE - Sectors Allocation Comparison

Sectors	CHAT	STCE
Technology	78.9%	26.0%
Communication Services	15.2%	6.6%
Industrials	3.6%	-
Consumer Cyclical	2.3%	-
Financial Services	0.0%	66.5%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	0.0%
Healthcare	-	-
Real Estate	-	-
Utilities	-	1.0%

Return for Risk

CHAT vs. STCE — Risk / Return Rank

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

CHAT

CHAT Risk / Return Rank: 80
CHAT Sharpe Ratio Rank: 85
CHAT Sortino Ratio Rank: 72
CHAT Omega Ratio Rank: 75
CHAT Calmar Ratio Rank: 87
CHAT Martin Ratio Rank: 79

STCE

STCE Risk / Return Rank: 18
STCE Sharpe Ratio Rank: 17
STCE Sortino Ratio Rank: 22
STCE Omega Ratio Rank: 20
STCE Calmar Ratio Rank: 16
STCE Martin Ratio Rank: 14

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. STCE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Generative AI & Technology ETF (CHAT) and Schwab Crypto Thematic ETF (STCE). 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	STCE	Difference
Sharpe ratio: Return per unit of total volatility	2.05	0.32	+1.73
Sortino ratio: Return per unit of downside risk	2.45	0.88	+1.56
Omega ratio: Gain probability vs. loss probability	1.33	1.10	+0.23
Calmar ratio: Return relative to maximum drawdown	3.62	0.37	+3.25
Martin ratio: Return relative to average drawdown	10.98	0.63	+10.35

CHAT vs. STCE - Sharpe Ratio Comparison

The current CHAT Sharpe Ratio is 2.05, which is higher than the STCE Sharpe Ratio of 0.32. The chart below compares the historical Sharpe Ratios of CHAT and STCE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CHAT vs. STCE - Drawdown Comparison

The maximum CHAT drawdown since its inception was -31.34%, smaller than the maximum STCE drawdown of -54.11%. Use the drawdown chart below to compare losses from any high point for CHAT and STCE.

Drawdown Indicators

	CHAT	STCE	Difference
Max Drawdown Largest peak-to-trough decline	-31.34%	-54.11%	+22.77%
Max Drawdown (1Y) Largest decline over 1 year	-21.26%	-54.11%	+32.85%
Max Drawdown (3Y) Largest decline over 3 years	-31.34%	-54.11%	+22.77%
Current Drawdown Current decline from peak	-16.70%	-35.79%	+19.09%
Average Drawdown Average peak-to-trough decline	-5.57%	-22.33%	+16.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.01%	32.18%	-25.17%

Volatility

CHAT vs. STCE - Volatility Comparison

Roundhill Generative AI & Technology ETF (CHAT) has a higher volatility of 16.70% compared to Schwab Crypto Thematic ETF (STCE) at 15.40%. This indicates that CHAT's price experiences larger fluctuations and is considered to be riskier than STCE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHAT	STCE	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.70%	15.40%	+1.30%
Volatility (6M) Calculated over the trailing 6-month period	32.87%	42.92%	-10.05%
Volatility (1Y) Calculated over the trailing 1-year period	37.57%	62.51%	-24.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.94%	56.00%	-24.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.94%	56.00%	-24.06%

CHAT vs. STCE - Expense Ratio Comparison

CHAT has a 0.75% expense ratio, which is higher than STCE's 0.30% expense ratio.

Dividends

CHAT vs. STCE - Dividend Comparison

CHAT's dividend yield for the trailing twelve months is around 1.94%, more than STCE's 1.66% yield.

Position	TTM	2025	2024	2023	2022
CHAT Roundhill Generative AI & Technology ETF	1.94%	2.85%	0.00%	0.00%	0.00%
STCE Schwab Crypto Thematic ETF	1.66%	1.96%	0.64%	0.31%	1.46%

Frequently Asked Questions

Can I hold both CHAT and STCE in my portfolio?

CHAT and STCE 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.

Which is riskier, CHAT or STCE?

CHAT has higher volatility (16.70%) compared to STCE (15.40%). In terms of maximum drawdown, CHAT dropped -31.34% vs STCE's -54.11%.

Which ETF is better, CHAT or STCE?

On 3-year performance, CHAT leads with 45.17% vs 38.27% for STCE. On fees, STCE is cheaper at 0.30% per year. On volatility, STCE has been the lower-risk option at 15.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CHAT or STCE?

Over the 3-year period, CHAT has performed better with a 45.17% return vs 38.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CHAT or STCE?

STCE is cheaper with a 0.30% expense ratio, compared with 0.75% for CHAT.

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

CHAT has the higher dividend yield at 1.94%, compared with 1.66% for STCE.

What is the main difference between CHAT and STCE?

CHAT is categorized as Technology Equities, while STCE is Blockchain. They also come from different issuers: Roundhill and Charles Schwab. Their fees differ too: 0.75% for CHAT and 0.30% for STCE.

Which has better risk-adjusted returns?

CHAT currently has the higher Sharpe Ratio (2.05 vs 0.32), 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.