CHAT vs. TECB
Compare and contrast key facts about Roundhill Generative AI & Technology ETF (CHAT) and iShares U.S. Tech Breakthrough Multisector ETF (TECB).
CHAT and TECB 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. TECB is a passively managed fund by iShares that tracks the performance of the NYSE FactSet U.S. Tech Breakthrough Index. It was launched on Jan 8, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CHAT or TECB.
Performance
CHAT vs. TECB - Performance Comparison
Returns By Period
In the year-to-date period, CHAT achieves a 29.88% return, which is significantly higher than TECB's 27.70% return.
CHAT
29.88%
3.30%
12.82%
34.68%
N/A
N/A
TECB
27.70%
4.27%
13.14%
37.08%
N/A
N/A
Key characteristics
| CHAT | TECB | |
|---|---|---|
| Sharpe Ratio | 1.47 | 2.25 |
| Sortino Ratio | 2.04 | 2.92 |
| Omega Ratio | 1.26 | 1.40 |
| Calmar Ratio | 1.88 | 3.14 |
| Martin Ratio | 5.68 | 12.33 |
| Ulcer Index | 6.28% | 3.12% |
| Daily Std Dev | 24.31% | 17.10% |
| Max Drawdown | -18.98% | -41.62% |
| Current Drawdown | -2.81% | -0.87% |
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CHAT vs. TECB - Expense Ratio Comparison
CHAT has a 0.75% expense ratio, which is higher than TECB's 0.40% expense ratio.
Correlation
The correlation between CHAT and TECB is 0.88, 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.
Risk-Adjusted Performance
CHAT vs. TECB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Generative AI & Technology ETF (CHAT) and iShares U.S. Tech Breakthrough Multisector ETF (TECB). 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. TECB - Dividend Comparison
CHAT has not paid dividends to shareholders, while TECB's dividend yield for the trailing twelve months is around 0.30%.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
CHAT Roundhill Generative AI & Technology ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TECB iShares U.S. Tech Breakthrough Multisector ETF | 0.30% | 0.23% | 0.61% | 0.35% | 0.77% |
Drawdowns
CHAT vs. TECB - Drawdown Comparison
The maximum CHAT drawdown since its inception was -18.98%, smaller than the maximum TECB drawdown of -41.62%. Use the drawdown chart below to compare losses from any high point for CHAT and TECB. For additional features, visit the drawdowns tool.
Volatility
CHAT vs. TECB - Volatility Comparison
Roundhill Generative AI & Technology ETF (CHAT) has a higher volatility of 6.82% compared to iShares U.S. Tech Breakthrough Multisector ETF (TECB) at 5.12%. This indicates that CHAT's price experiences larger fluctuations and is considered to be riskier than TECB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.