CHAT vs. ZBRA
CHAT (Roundhill Generative AI & Technology ETF) is Technology Equities fund actively managed by Roundhill, while ZBRA (Zebra Technologies Corporation) is a stock. Over the past 3 years, CHAT returned 48.02%/yr vs -6.94%/yr for ZBRA. At a 0.47 correlation, their price movements are largely independent.
Performance
CHAT vs. ZBRA - Performance Comparison
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Returns By Period
In the year-to-date period, CHAT achieves a 57.97% return, which is significantly higher than ZBRA's -5.93% return.
CHAT
- 1D
- 0.77%
- 1M
- 5.15%
- YTD
- 57.97%
- 6M
- 60.59%
- 1Y
- 109.99%
- 3Y*
- 48.02%
- 5Y*
- —
- 10Y*
- —
ZBRA
- 1D
- 2.69%
- 1M
- -7.43%
- YTD
- -5.93%
- 6M
- -14.89%
- 1Y
- -21.96%
- 3Y*
- -6.94%
- 5Y*
- -14.79%
- 10Y*
- 15.25%
CHAT vs. ZBRA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CHAT Roundhill Generative AI & Technology ETF | 57.97% | 49.85% | 30.98% | 21.04% |
ZBRA Zebra Technologies Corporation | -5.93% | -37.13% | 41.30% | 0.61% |
Correlation
The correlation between CHAT and ZBRA is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since May 18, 2023 | 0.47 |
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Return for Risk
CHAT vs. ZBRA — Risk / Return Rank
CHAT
ZBRA
CHAT vs. ZBRA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Generative AI & Technology ETF (CHAT) and Zebra Technologies Corporation (ZBRA). 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 | ZBRA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.86 | ||
| Sortino ratioReturn per unit of downside risk | +4.10 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 0.94 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 6.79 | -0.53 | +7.32 |
| Martin ratioReturn relative to average drawdown | 19.03 | -0.90 | +19.93 |
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Drawdowns
CHAT vs. ZBRA - Drawdown Comparison
The maximum CHAT drawdown since its inception was -31.34%, smaller than the maximum ZBRA drawdown of -73.42%. Use the drawdown chart below to compare losses from any high point for CHAT and ZBRA.
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Drawdown Indicators
| CHAT | ZBRA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.34% | -73.42% | +42.08% |
Max Drawdown (1Y)Largest decline over 1 year | -16.28% | -41.62% | +25.34% |
Max Drawdown (3Y)Largest decline over 3 years | -31.34% | -52.67% | +21.33% |
Max Drawdown (5Y)Largest decline over 5 years | — | -67.78% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -67.78% | — |
Current DrawdownCurrent decline from peak | -9.97% | -62.83% | +52.86% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -27.71% | +22.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.80% | 24.36% | -18.56% |
Volatility
CHAT vs. ZBRA - Volatility Comparison
Roundhill Generative AI & Technology ETF (CHAT) has a higher volatility of 16.40% compared to Zebra Technologies Corporation (ZBRA) at 14.63%. This indicates that CHAT's price experiences larger fluctuations and is considered to be riskier than ZBRA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CHAT | ZBRA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.40% | 14.63% | +1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 28.00% | 31.30% | -3.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.14% | 42.22% | -9.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.65% | 40.49% | -9.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.65% | 39.38% | -8.73% |
Dividends
CHAT vs. ZBRA - Dividend Comparison
CHAT's dividend yield for the trailing twelve months is around 1.80%, while ZBRA has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
CHAT Roundhill Generative AI & Technology ETF | 1.80% | 2.85% |
ZBRA Zebra Technologies Corporation | 0.00% | 0.00% |
Frequently Asked Questions
CHAT and ZBRA have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CHAT has higher volatility (16.40%) compared to ZBRA (14.63%). In terms of maximum drawdown, CHAT dropped -31.34% vs ZBRA's -73.42%.
CHAT currently has the higher Sharpe Ratio (3.34 vs -0.52), 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.
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