CHAT vs. WTAI

Last updated Aug 2, 2026

CHAT (Roundhill Generative AI & Technology ETF) and WTAI (WisdomTree Artificial Intelligence and Innovation Fund) are both Artificial Intelligence funds. CHAT is actively managed, while WTAI is passively managed. Over the past 3 years, CHAT returned 40.54%/yr vs 24.91%/yr for WTAI. Their correlation of 0.91 means they have usually moved in the same direction. CHAT charges 0.75%/yr vs 0.45%/yr for WTAI.

Performance

CHAT vs. WTAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Generative AI & Technology ETF (CHAT) and WisdomTree Artificial Intelligence and Innovation Fund (WTAI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CHAT achieves a 39.01% return, which is significantly higher than WTAI's 32.02% return.

CHAT

• 1D: 2.22%
• 1M: -7.69%
• 6M: 32.64%
• YTD: 39.01%
• 1Y: 68.87%
• 3Y*: 40.54%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 45.20%

WTAI

• 1D: 1.18%
• 1M: -9.63%
• 6M: 27.01%
• YTD: 32.02%
• 1Y: 58.80%
• 3Y*: 24.91%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.22%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CHAT Roundhill Generative AI & Technology ETF	$58.63M	$57.19M	$67.40M
WTAI WisdomTree Artificial Intelligence and Innovation Fund	$14.53M	$18.03M	$13.96M

CHAT vs. WTAI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CHAT Roundhill Generative AI & Technology ETF	39.01%	49.85%	30.98%	21.04%
WTAI WisdomTree Artificial Intelligence and Innovation Fund	32.02%	34.83%	6.53%	22.66%

Correlation

The correlation between CHAT and WTAI is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.93
Correlation (3Y) Balances recent behavior with more history.	0.91
Correlation (All Time) Calculated using the full available price history since May 18, 2023	0.91

The correlation between CHAT and WTAI has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

CHAT vs. WTAI - Sectors Allocation Comparison

Sectors	CHAT	WTAI
Technology	78.9%	71.6%
Communication Services	15.2%	7.2%
Industrials	3.6%	5.6%
Consumer Cyclical	2.3%	8.3%
Financial Services	0.0%	3.8%
Basic Materials	-	-
Consumer Defensive	-	0.4%
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	0.9%

Return for Risk

CHAT vs. WTAI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CHAT

CHAT Risk / Return Rank: 66
CHAT Sharpe Ratio Rank: 73
CHAT Sortino Ratio Rank: 63
CHAT Omega Ratio Rank: 64
CHAT Calmar Ratio Rank: 65
CHAT Martin Ratio Rank: 66

WTAI

WTAI Risk / Return Rank: 59
WTAI Sharpe Ratio Rank: 61
WTAI Sortino Ratio Rank: 57
WTAI Omega Ratio Rank: 58
WTAI Calmar Ratio Rank: 55
WTAI Martin Ratio Rank: 64

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CHAT vs. WTAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Generative AI & Technology ETF (CHAT) and WisdomTree Artificial Intelligence and Innovation Fund (WTAI). 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	WTAI	Difference
Sharpe ratio: Return per unit of total volatility	1.63	1.43	+0.20
Sortino ratio: Return per unit of downside risk	2.08	1.92	+0.16
Omega ratio: Gain probability vs. loss probability	1.27	1.25	+0.02
Calmar ratio: Return relative to maximum drawdown	2.25	1.96	+0.29
Martin ratio: Return relative to average drawdown	7.96	7.66	+0.29

CHAT vs. WTAI - Sharpe Ratio Comparison

The current CHAT Sharpe Ratio is 1.63, which is comparable to the WTAI Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of CHAT and WTAI, 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. WTAI - Drawdown Comparison

The maximum CHAT drawdown since its inception was -31.34%, smaller than the maximum WTAI drawdown of -45.96%. Use the drawdown chart below to compare losses from any high point for CHAT and WTAI.

Drawdown Indicators

	CHAT	WTAI	Difference
Max Drawdown Largest peak-to-trough decline	-31.34%	-45.96%	+14.62%
Max Drawdown (1Y) Largest decline over 1 year	-28.34%	-27.61%	-0.73%
Max Drawdown (3Y) Largest decline over 3 years	-31.34%	-31.83%	+0.49%
Current Drawdown Current decline from peak	-21.25%	-20.43%	-0.82%
Average Drawdown Average peak-to-trough decline	-5.73%	-19.54%	+13.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.01%	7.05%	+0.96%

Volatility

CHAT vs. WTAI - Volatility Comparison

Roundhill Generative AI & Technology ETF (CHAT) and WisdomTree Artificial Intelligence and Innovation Fund (WTAI) have volatilities of 16.74% and 17.48%, 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.

Volatility by Period

	CHAT	WTAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.74%	17.48%	-0.74%
Volatility (6M) Calculated over the trailing 6-month period	34.39%	33.66%	+0.73%
Volatility (1Y) Calculated over the trailing 1-year period	39.18%	37.82%	+1.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.41%	32.70%	-0.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.41%	32.70%	-0.29%

CHAT vs. WTAI - Expense Ratio Comparison

CHAT has a 0.75% expense ratio, which is higher than WTAI's 0.45% expense ratio.

Dividends

CHAT vs. WTAI - Dividend Comparison

CHAT's dividend yield for the trailing twelve months is around 2.05%, more than WTAI's 1.37% yield.

Position	TTM	2025	2024	2023	2022
CHAT Roundhill Generative AI & Technology ETF	2.05%	2.85%	0.00%	0.00%	0.00%
WTAI WisdomTree Artificial Intelligence and Innovation Fund	1.37%	1.81%	0.19%	0.24%	0.22%

Frequently Asked Questions

Can I hold both CHAT and WTAI in my portfolio?

With a correlation of 0.93, CHAT and WTAI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, CHAT or WTAI?

WTAI has higher volatility (17.48%) compared to CHAT (16.74%). In terms of maximum drawdown, CHAT dropped -31.34% vs WTAI's -45.96%.

Which ETF is better, CHAT or WTAI?

On 3-year performance, CHAT leads with 40.54% vs 24.91% for WTAI. On fees, WTAI is cheaper at 0.45% per year. On volatility, CHAT has been the lower-risk option at 16.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CHAT or WTAI?

Over the 3-year period, CHAT has performed better with a 40.54% return vs 24.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CHAT or WTAI?

WTAI is cheaper with a 0.45% expense ratio, compared with 0.75% for CHAT.

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

CHAT has the higher dividend yield at 2.05%, compared with 1.37% for WTAI.

What is the main difference between CHAT and WTAI?

They also come from different issuers: Roundhill and WisdomTree. Their fees differ too: 0.75% for CHAT and 0.45% for WTAI.

Which has better risk-adjusted returns?

CHAT currently has the higher Sharpe Ratio (1.63 vs 1.43), 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.