Correlation
The correlation between CHAT and WISE is 0.79, 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.
CHAT vs. WISE
Compare and contrast key facts about Roundhill Generative AI & Technology ETF (CHAT) and Themes Generative Artificial Intelligence ETF (WISE).
CHAT and WISE 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. WISE is a passively managed fund by Themes that tracks the performance of the Solactive Generative Artificial Intelligence Index - Benchmark TR Gross. It was launched on Dec 7, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CHAT or WISE.
Performance
CHAT vs. WISE - Performance Comparison
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Key characteristics
CHAT:
0.56
WISE:
0.49
CHAT:
0.84
WISE:
0.81
CHAT:
1.11
WISE:
1.10
CHAT:
0.48
WISE:
0.38
CHAT:
1.41
WISE:
1.00
CHAT:
10.65%
WISE:
14.63%
CHAT:
34.58%
WISE:
38.13%
CHAT:
-31.34%
WISE:
-39.16%
CHAT:
-5.43%
WISE:
-23.37%
Returns By Period
In the year-to-date period, CHAT achieves a 3.21% return, which is significantly higher than WISE's -15.03% return.
CHAT
3.21%
16.94%
4.95%
19.18%
N/A
N/A
N/A
WISE
-15.03%
7.22%
-4.89%
18.37%
N/A
N/A
N/A
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CHAT vs. WISE - Expense Ratio Comparison
CHAT has a 0.75% expense ratio, which is higher than WISE's 0.35% expense ratio.
Risk-Adjusted Performance
CHAT vs. WISE — Risk-Adjusted Performance Rank
CHAT
WISE
CHAT vs. WISE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Generative AI & Technology ETF (CHAT) and Themes Generative Artificial Intelligence ETF (WISE). 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.
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Dividends
CHAT vs. WISE - Dividend Comparison
Neither CHAT nor WISE has paid dividends to shareholders.
Drawdowns
CHAT vs. WISE - Drawdown Comparison
The maximum CHAT drawdown since its inception was -31.34%, smaller than the maximum WISE drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for CHAT and WISE.
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Volatility
CHAT vs. WISE - Volatility Comparison
Roundhill Generative AI & Technology ETF (CHAT) and Themes Generative Artificial Intelligence ETF (WISE) have volatilities of 8.25% and 8.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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