CHAT vs. XDTE

Last updated Aug 2, 2026

CHAT (Roundhill Generative AI & Technology ETF) and XDTE (Roundhill S&P 500 0DTE Covered Call Strategy ETF) are both exchange-traded funds - CHAT is a Artificial Intelligence fund actively managed by Roundhill, while XDTE is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, CHAT returned 68.87% vs 20.16% for XDTE. Their 0.78 correlation means they have sometimes moved together and sometimes differently. CHAT charges 0.75%/yr vs 0.97%/yr for XDTE.

Performance

CHAT vs. XDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Generative AI & Technology ETF (CHAT) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). 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 XDTE's 9.12% 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%

XDTE

• 1D: 0.76%
• 1M: 0.82%
• 6M: 6.90%
• YTD: 9.12%
• 1Y: 20.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.39%

*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
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	$6.56M	$7.73M	$7.48M

CHAT vs. XDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CHAT Roundhill Generative AI & Technology ETF	39.01%	49.85%	11.80%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	9.12%	12.60%	17.12%

Correlation

The correlation between CHAT and XDTE is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.75
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024	0.78

The correlation between CHAT and XDTE has been stable across timeframes, ranging from 0.75 to 0.78 - a consistent structural relationship.

CHAT vs. XDTE - Sectors Allocation Comparison

Sectors	CHAT	XDTE
Technology	78.9%	39.0%
Communication Services	15.2%	10.6%
Industrials	3.6%	7.8%
Consumer Cyclical	2.3%	9.9%
Financial Services	0.0%	11.1%
Basic Materials	-	1.7%
Consumer Defensive	-	4.5%
Energy	-	3.1%
Healthcare	-	8.3%
Real Estate	-	1.8%
Utilities	-	2.1%

Return for Risk

CHAT vs. XDTE — 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

XDTE

XDTE Risk / Return Rank: 69
XDTE Sharpe Ratio Rank: 68
XDTE Sortino Ratio Rank: 63
XDTE Omega Ratio Rank: 66
XDTE Calmar Ratio Rank: 69
XDTE Martin Ratio Rank: 79

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. XDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Generative AI & Technology ETF (CHAT) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). 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	XDTE	Difference
Sharpe ratio: Return per unit of total volatility	1.63	1.53	+0.10
Sortino ratio: Return per unit of downside risk	2.08	2.09	-0.01
Omega ratio: Gain probability vs. loss probability	1.27	1.28	0.00
Calmar ratio: Return relative to maximum drawdown	2.25	2.39	-0.13
Martin ratio: Return relative to average drawdown	7.96	10.12	-2.17

CHAT vs. XDTE - Sharpe Ratio Comparison

The current CHAT Sharpe Ratio is 1.63, which is comparable to the XDTE Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of CHAT and XDTE, 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. XDTE - Drawdown Comparison

The maximum CHAT drawdown since its inception was -31.34%, which is greater than XDTE's maximum drawdown of -19.09%. Use the drawdown chart below to compare losses from any high point for CHAT and XDTE.

Drawdown Indicators

	CHAT	XDTE	Difference
Max Drawdown Largest peak-to-trough decline	-31.34%	-19.09%	-12.25%
Max Drawdown (1Y) Largest decline over 1 year	-28.34%	-7.68%	-20.66%
Max Drawdown (3Y) Largest decline over 3 years	-31.34%	—	—
Current Drawdown Current decline from peak	-21.25%	-0.60%	-20.65%
Average Drawdown Average peak-to-trough decline	-5.73%	-2.26%	-3.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.01%	1.81%	+6.20%

Volatility

CHAT vs. XDTE - Volatility Comparison

Roundhill Generative AI & Technology ETF (CHAT) has a higher volatility of 16.74% compared to Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) at 3.48%. This indicates that CHAT's price experiences larger fluctuations and is considered to be riskier than XDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHAT	XDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.74%	3.48%	+13.26%
Volatility (6M) Calculated over the trailing 6-month period	34.39%	9.30%	+25.09%
Volatility (1Y) Calculated over the trailing 1-year period	39.18%	11.96%	+27.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.41%	13.86%	+18.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.41%	13.86%	+18.55%

CHAT vs. XDTE - Expense Ratio Comparison

CHAT has a 0.75% expense ratio, which is lower than XDTE's 0.97% expense ratio.

Dividends

CHAT vs. XDTE - Dividend Comparison

CHAT's dividend yield for the trailing twelve months is around 2.05%, less than XDTE's 32.04% yield.

Position	TTM	2025	2024
CHAT Roundhill Generative AI & Technology ETF	2.05%	2.85%	0.00%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	32.04%	39.16%	20.35%

Frequently Asked Questions

Can I hold both CHAT and XDTE in my portfolio?

CHAT and XDTE have a correlation of 0.75, 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 XDTE?

CHAT has higher volatility (16.74%) compared to XDTE (3.48%). In terms of maximum drawdown, CHAT dropped -31.34% vs XDTE's -19.09%.

Which ETF is better, CHAT or XDTE?

On 1-year performance, CHAT leads with 68.87% vs 20.16% for XDTE. On fees, CHAT is cheaper at 0.75% per year. On volatility, XDTE has been the lower-risk option at 3.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CHAT or XDTE?

Over the 1-year period, CHAT has performed better with a 68.87% return vs 20.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CHAT or XDTE?

CHAT is cheaper with a 0.75% expense ratio, compared with 0.97% for XDTE.

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

XDTE has the higher dividend yield at 32.04%, compared with 2.05% for CHAT.

What is the main difference between CHAT and XDTE?

CHAT is categorized as Artificial Intelligence, while XDTE is Derivative Income. Their fees differ too: 0.75% for CHAT and 0.97% for XDTE.

Which has better risk-adjusted returns?

CHAT currently has the higher Sharpe Ratio (1.63 vs 1.53), 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.