GGME vs. CHAT

Last updated Jun 25, 2026

GGME (Invesco Next Gen Media and Gaming ETF) and CHAT (Roundhill Generative AI & Technology ETF) are both Technology Equities funds. GGME is passively managed, while CHAT is actively managed. Over the past 3 years, GGME returned 20.67%/yr vs 51.00%/yr for CHAT. A 0.80 correlation means they provide meaningful diversification when combined. GGME charges 0.60%/yr vs 0.75%/yr for CHAT.

Performance

GGME vs. CHAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Next Gen Media and Gaming ETF (GGME) and Roundhill Generative AI & Technology ETF (CHAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GGME achieves a -1.63% return, which is significantly lower than CHAT's 62.42% return.

GGME

• 1D: -0.82%
• 1M: -4.84%
• YTD: -1.63%
• 6M: -2.07%
• 1Y: -1.50%
• 3Y*: 20.67%
• 5Y*: 1.68%
• 10Y*: 10.01%

CHAT

• 1D: -0.63%
• 1M: 6.59%
• YTD: 62.42%
• 6M: 61.25%
• 1Y: 107.18%
• 3Y*: 51.00%
• 5Y*: —
• 10Y*: —

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

GGME vs. CHAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GGME Invesco Next Gen Media and Gaming ETF	-1.63%	16.39%	32.67%	16.59%
CHAT Roundhill Generative AI & Technology ETF	62.42%	49.85%	30.98%	21.04%

Correlation

The correlation between GGME and CHAT is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (All Time) Calculated using the full available price history since May 18, 2023	0.80

The correlation between GGME and CHAT has been stable across timeframes, ranging from 0.74 to 0.81 - a consistent structural relationship.

GGME vs. CHAT - Sectors Allocation Comparison

Sectors	GGME	CHAT
Technology	67.3%	77.8%
Communication Services	28.8%	16.1%
Consumer Cyclical	3.1%	2.4%
Financial Services	0.3%	0.0%
Industrials	0.2%	3.5%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

GGME vs. CHAT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GGME

GGME Risk / Return Rank: 8
GGME Sharpe Ratio Rank: 8
GGME Sortino Ratio Rank: 8
GGME Omega Ratio Rank: 8
GGME Calmar Ratio Rank: 9
GGME Martin Ratio Rank: 8

CHAT

CHAT Risk / Return Rank: 89
CHAT Sharpe Ratio Rank: 94
CHAT Sortino Ratio Rank: 84
CHAT Omega Ratio Rank: 86
CHAT Calmar Ratio Rank: 94
CHAT Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GGME vs. CHAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Media and Gaming ETF (GGME) and Roundhill Generative AI & Technology ETF (CHAT). 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.

	GGME	CHAT	Difference
Sharpe ratio: Return per unit of total volatility	-0.08	3.10	-3.18
Sortino ratio: Return per unit of downside risk	0.03	3.36	-3.33
Omega ratio: Gain probability vs. loss probability	1.00	1.47	-0.46
Calmar ratio: Return relative to maximum drawdown	-0.06	6.62	-6.68
Martin ratio: Return relative to average drawdown	-0.13	18.29	-18.42

GGME vs. CHAT - Sharpe Ratio Comparison

The current GGME Sharpe Ratio is -0.08, which is lower than the CHAT Sharpe Ratio of 3.10. The chart below compares the historical Sharpe Ratios of GGME and CHAT, 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

GGME vs. CHAT - Drawdown Comparison

The maximum GGME drawdown since its inception was -69.13%, which is greater than CHAT's maximum drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for GGME and CHAT.

Drawdown Indicators

	GGME	CHAT	Difference
Max Drawdown Largest peak-to-trough decline	-69.13%	-31.34%	-37.79%
Max Drawdown (1Y) Largest decline over 1 year	-25.23%	-16.28%	-8.95%
Max Drawdown (3Y) Largest decline over 3 years	-25.23%	-31.34%	+6.11%
Max Drawdown (5Y) Largest decline over 5 years	-44.90%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-46.35%	—	—
Current Drawdown Current decline from peak	-11.11%	-7.99%	-3.12%
Average Drawdown Average peak-to-trough decline	-14.52%	-5.39%	-9.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.41%	5.88%	+5.53%

Volatility

GGME vs. CHAT - Volatility Comparison

The current volatility for Invesco Next Gen Media and Gaming ETF (GGME) is 8.23%, while Roundhill Generative AI & Technology ETF (CHAT) has a volatility of 19.26%. This indicates that GGME experiences smaller price fluctuations and is considered to be less risky than CHAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GGME	CHAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.23%	19.26%	-11.03%
Volatility (6M) Calculated over the trailing 6-month period	16.02%	29.49%	-13.47%
Volatility (1Y) Calculated over the trailing 1-year period	19.78%	34.88%	-15.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.36%	31.21%	-6.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.22%	31.21%	-7.99%

GGME vs. CHAT - Expense Ratio Comparison

GGME has a 0.60% expense ratio, which is lower than CHAT's 0.75% expense ratio.

Dividends

GGME vs. CHAT - Dividend Comparison

GGME's dividend yield for the trailing twelve months is around 0.02%, less than CHAT's 1.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHAT Roundhill Generative AI & Technology ETF	1.76%	2.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GGME Invesco Next Gen Media and Gaming ETF	0.02%	0.17%	0.08%	2.31%	0.76%	0.39%	0.38%	0.50%	0.93%	0.33%	0.16%	1.11%

Frequently Asked Questions

Can I hold both GGME and CHAT in my portfolio?

GGME and CHAT have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GGME or CHAT?

CHAT has higher volatility (19.26%) compared to GGME (8.23%). In terms of maximum drawdown, GGME dropped -69.13% vs CHAT's -31.34%.

Which ETF is better, GGME or CHAT?

On 3-year performance, CHAT leads with 51.00% vs 20.67% for GGME. On fees, GGME is cheaper at 0.60% per year. On volatility, GGME has been the lower-risk option at 8.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GGME or CHAT?

Over the 3-year period, CHAT has performed better with a 51.00% return vs 20.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GGME or CHAT?

GGME is cheaper with a 0.60% expense ratio, compared with 0.75% for CHAT.

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

CHAT has the higher dividend yield at 1.76%, compared with 0.02% for GGME.

What is the main difference between GGME and CHAT?

They also come from different issuers: Invesco and Roundhill. Their fees differ too: 0.60% for GGME and 0.75% for CHAT.

Which has better risk-adjusted returns?

CHAT currently has the higher Sharpe Ratio (3.10 vs -0.08), 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.