CHAT vs. XOVR

Last updated Aug 2, 2026

CHAT (Roundhill Generative AI & Technology ETF) and XOVR (ERShares Private-Public Crossover ETF) are both exchange-traded funds - CHAT is a Artificial Intelligence fund actively managed by Roundhill, while XOVR is a Large Cap Growth Equities fund actively managed by ERShares. Both are actively managed. Over the past 3 years, CHAT returned 40.54%/yr vs 13.50%/yr for XOVR. Their 0.78 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.75% expense ratio.

Performance

CHAT vs. XOVR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Generative AI & Technology ETF (CHAT) and ERShares Private-Public Crossover ETF (XOVR). 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 XOVR's -7.65% 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%

XOVR

• 1D: -0.64%
• 1M: -11.43%
• 6M: 0.00%
• YTD: -7.65%
• 1Y: -4.17%
• 3Y*: 13.50%
• 5Y*: 3.14%
• 10Y*: —
• ALL TIME*: 9.35%

*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
XOVR ERShares Private-Public Crossover ETF	$31.56M	$37.54M	$108.44M

CHAT vs. XOVR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CHAT Roundhill Generative AI & Technology ETF	39.01%	49.85%	30.98%	21.04%
XOVR ERShares Private-Public Crossover ETF	-7.65%	11.83%	33.21%	22.56%

Correlation

The correlation between CHAT and XOVR is 0.65, 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.	0.65
Correlation (3Y) Balances recent behavior with more history.	0.77
Correlation (All Time) Calculated using the full available price history since May 18, 2023	0.78

The correlation between CHAT and XOVR shifts across timeframes, from 0.65 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.

CHAT vs. XOVR - Sectors Allocation Comparison

Sectors	CHAT	XOVR
Technology	78.9%	34.5%
Communication Services	15.2%	24.2%
Industrials	3.6%	6.2%
Consumer Cyclical	2.3%	6.7%
Financial Services	0.0%	9.9%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	3.1%
Healthcare	-	18.5%
Real Estate	-	-
Utilities	-	-

Return for Risk

CHAT vs. XOVR — 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

XOVR

XOVR Risk / Return Rank: 8
XOVR Sharpe Ratio Rank: 8
XOVR Sortino Ratio Rank: 7
XOVR Omega Ratio Rank: 8
XOVR Calmar Ratio Rank: 8
XOVR Martin Ratio Rank: 8

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. XOVR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Generative AI & Technology ETF (CHAT) and ERShares Private-Public Crossover ETF (XOVR). 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	XOVR	Difference
Sharpe ratio: Return per unit of total volatility	1.63	-0.23	+1.86
Sortino ratio: Return per unit of downside risk	2.08	-0.16	+2.25
Omega ratio: Gain probability vs. loss probability	1.27	0.98	+0.29
Calmar ratio: Return relative to maximum drawdown	2.25	-0.22	+2.47
Martin ratio: Return relative to average drawdown	7.96	-0.47	+8.42

CHAT vs. XOVR - Sharpe Ratio Comparison

The current CHAT Sharpe Ratio is 1.63, which is higher than the XOVR Sharpe Ratio of -0.23. The chart below compares the historical Sharpe Ratios of CHAT and XOVR, 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. XOVR - Drawdown Comparison

The maximum CHAT drawdown since its inception was -31.34%, smaller than the maximum XOVR drawdown of -56.28%. Use the drawdown chart below to compare losses from any high point for CHAT and XOVR.

Drawdown Indicators

	CHAT	XOVR	Difference
Max Drawdown Largest peak-to-trough decline	-31.34%	-56.28%	+24.94%
Max Drawdown (1Y) Largest decline over 1 year	-28.34%	-24.32%	-4.02%
Max Drawdown (3Y) Largest decline over 3 years	-31.34%	-25.23%	-6.11%
Max Drawdown (5Y) Largest decline over 5 years	—	-49.35%	—
Current Drawdown Current decline from peak	-21.25%	-14.33%	-6.92%
Average Drawdown Average peak-to-trough decline	-5.73%	-18.22%	+12.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.01%	11.50%	-3.49%

Volatility

CHAT vs. XOVR - Volatility Comparison

Roundhill Generative AI & Technology ETF (CHAT) has a higher volatility of 16.74% compared to ERShares Private-Public Crossover ETF (XOVR) at 6.75%. This indicates that CHAT's price experiences larger fluctuations and is considered to be riskier than XOVR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHAT	XOVR	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.74%	6.75%	+9.99%
Volatility (6M) Calculated over the trailing 6-month period	34.39%	18.94%	+15.45%
Volatility (1Y) Calculated over the trailing 1-year period	39.18%	23.40%	+15.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.41%	26.63%	+5.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.41%	27.01%	+5.40%

CHAT vs. XOVR - Expense Ratio Comparison

Both CHAT and XOVR have an expense ratio of 0.75%.

Dividends

CHAT vs. XOVR - Dividend Comparison

CHAT's dividend yield for the trailing twelve months is around 2.05%, while XOVR has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CHAT Roundhill Generative AI & Technology ETF	2.05%	2.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XOVR ERShares Private-Public Crossover ETF	0.00%	0.00%	0.00%	0.00%	0.00%	57.75%	6.31%	0.08%	3.71%	0.08%

Frequently Asked Questions

Can I hold both CHAT and XOVR in my portfolio?

CHAT and XOVR have a correlation of 0.65, 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 XOVR?

CHAT has higher volatility (16.74%) compared to XOVR (6.75%). In terms of maximum drawdown, CHAT dropped -31.34% vs XOVR's -56.28%.

Which ETF is better, CHAT or XOVR?

On 3-year performance, CHAT leads with 40.54% vs 13.50% for XOVR. Both ETFs have the same 0.75% expense ratio. On volatility, XOVR has been the lower-risk option at 6.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CHAT or XOVR?

Over the 3-year period, CHAT has performed better with a 40.54% return vs 13.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CHAT or XOVR?

CHAT and XOVR have the same expense ratio: 0.75% per year.

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

CHAT has the higher dividend yield at 2.05%, compared with 0.00% for XOVR.

What is the main difference between CHAT and XOVR?

CHAT is categorized as Artificial Intelligence, while XOVR is Large Cap Growth Equities. They also come from different issuers: Roundhill and ERShares.

Which has better risk-adjusted returns?

CHAT currently has the higher Sharpe Ratio (1.63 vs -0.23), 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.