HDV vs. CHAT

Last updated Jul 12, 2026

HDV (iShares Core High Dividend ETF) and CHAT (Roundhill Generative AI & Technology ETF) are both exchange-traded funds - HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index, while CHAT is a Technology Equities fund actively managed by Roundhill. HDV is passively managed, while CHAT is actively managed. Over the past 3 years, HDV returned 15.04%/yr vs 48.25%/yr for CHAT. At a correlation of -0.01, they often move in opposite directions. HDV charges 0.08%/yr vs 0.75%/yr for CHAT.

Performance

HDV vs. CHAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core High Dividend ETF (HDV) 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, HDV achieves a 15.36% return, which is significantly lower than CHAT's 55.60% return.

HDV

• 1D: 0.44%
• 1M: 0.05%
• 6M: 13.47%
• YTD: 15.36%
• 1Y: 19.24%
• 3Y*: 15.04%
• 5Y*: 11.16%
• 10Y*: 9.03%

CHAT

• 1D: -0.70%
• 1M: -1.50%
• 6M: 50.10%
• YTD: 55.60%
• 1Y: 95.89%
• 3Y*: 48.25%
• 5Y*: —
• 10Y*: —

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

HDV vs. CHAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HDV iShares Core High Dividend ETF	15.36%	11.90%	14.16%	6.64%
CHAT Roundhill Generative AI & Technology ETF	55.60%	49.85%	30.98%	21.04%

Correlation

The correlation between HDV and CHAT is -0.25, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.25
Correlation (3Y) Calculated over the trailing 3-year period	-0.01
Correlation (All Time) Calculated using the full available price history since May 18, 2023	-0.01

Over the past year, the inverse relationship between HDV and CHAT has strengthened: their correlation has moved from -0.01 to -0.25, meaning they now move in opposite directions more often than their long-term average.

HDV vs. CHAT - Sectors Allocation Comparison

Sectors	HDV	CHAT
Consumer Defensive	24.5%	-
Healthcare	23.7%	-
Energy	19.6%	-
Consumer Cyclical	9.2%	2.6%
Utilities	8.2%	-
Communication Services	5.2%	17.9%
Financial Services	4.8%	0.0%
Industrials	3.6%	3.5%
Basic Materials	0.8%	-
Technology	0.2%	75.7%
Real Estate	-	-

Return for Risk

HDV vs. CHAT — Risk / Return Rank

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

HDV

HDV Risk / Return Rank: 72
HDV Sharpe Ratio Rank: 69
HDV Sortino Ratio Rank: 74
HDV Omega Ratio Rank: 64
HDV Calmar Ratio Rank: 83
HDV Martin Ratio Rank: 68

CHAT

CHAT Risk / Return Rank: 88
CHAT Sharpe Ratio Rank: 93
CHAT Sortino Ratio Rank: 82
CHAT Omega Ratio Rank: 84
CHAT Calmar Ratio Rank: 94
CHAT Martin Ratio Rank: 88

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.

HDV vs. CHAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core High Dividend ETF (HDV) 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.

	HDV	CHAT	Difference
Sharpe ratio: Return per unit of total volatility	1.79	2.61	-0.83
Sortino ratio: Return per unit of downside risk	2.67	2.91	-0.24
Omega ratio: Gain probability vs. loss probability	1.31	1.40	-0.09
Calmar ratio: Return relative to maximum drawdown	3.60	5.84	-2.24
Martin ratio: Return relative to average drawdown	9.85	14.97	-5.12

HDV vs. CHAT - Sharpe Ratio Comparison

The current HDV Sharpe Ratio is 1.79, which is lower than the CHAT Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of HDV 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

HDV vs. CHAT - Drawdown Comparison

The maximum HDV drawdown since its inception was -37.04%, which is greater than CHAT's maximum drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for HDV and CHAT.

Drawdown Indicators

	HDV	CHAT	Difference
Max Drawdown Largest peak-to-trough decline	-37.04%	-31.34%	-5.70%
Max Drawdown (1Y) Largest decline over 1 year	-5.18%	-16.28%	+11.10%
Max Drawdown (3Y) Largest decline over 3 years	-10.49%	-31.34%	+20.85%
Max Drawdown (5Y) Largest decline over 5 years	-15.42%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-37.04%	—	—
Current Drawdown Current decline from peak	-1.39%	-11.85%	+10.46%
Average Drawdown Average peak-to-trough decline	-3.07%	-5.46%	+2.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	6.34%	-4.44%

Volatility

HDV vs. CHAT - Volatility Comparison

The current volatility for iShares Core High Dividend ETF (HDV) is 4.51%, while Roundhill Generative AI & Technology ETF (CHAT) has a volatility of 17.98%. This indicates that HDV 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

	HDV	CHAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.51%	17.98%	-13.47%
Volatility (6M) Calculated over the trailing 6-month period	8.34%	31.59%	-23.25%
Volatility (1Y) Calculated over the trailing 1-year period	10.47%	36.41%	-25.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.88%	31.64%	-18.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.74%	31.64%	-15.90%

HDV vs. CHAT - Expense Ratio Comparison

HDV has a 0.08% expense ratio, which is lower than CHAT's 0.75% expense ratio.

Dividends

HDV vs. CHAT - Dividend Comparison

HDV's dividend yield for the trailing twelve months is around 2.87%, more than CHAT's 1.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHAT Roundhill Generative AI & Technology ETF	1.83%	2.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HDV iShares Core High Dividend ETF	2.87%	3.22%	3.67%	3.82%	3.56%	3.47%	4.07%	3.27%	3.67%	3.27%	3.28%	3.92%

Frequently Asked Questions

Can I hold both HDV and CHAT in my portfolio?

HDV and CHAT have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HDV or CHAT?

CHAT has higher volatility (17.98%) compared to HDV (4.51%). In terms of maximum drawdown, HDV dropped -37.04% vs CHAT's -31.34%.

Which ETF is better, HDV or CHAT?

On 3-year performance, CHAT leads with 48.25% vs 15.04% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 4.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HDV or CHAT?

Over the 3-year period, CHAT has performed better with a 48.25% return vs 15.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HDV or CHAT?

HDV is cheaper with a 0.08% expense ratio, compared with 0.75% for CHAT.

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

HDV has the higher dividend yield at 2.87%, compared with 1.83% for CHAT.

What is the main difference between HDV and CHAT?

HDV is categorized as Dividend, while CHAT is Technology Equities. They also come from different issuers: iShares and Roundhill. Their fees differ too: 0.08% for HDV and 0.75% for CHAT.

Which has better risk-adjusted returns?

CHAT currently has the higher Sharpe Ratio (2.61 vs 1.79), 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.