HUSV vs. CHAT

Last updated Aug 2, 2026

HUSV (First Trust Horizon Managed Volatility Domestic ETF) and CHAT (Roundhill Generative AI & Technology ETF) are both exchange-traded funds - HUSV is a Low Volatility fund actively managed by First Trust, while CHAT is a Artificial Intelligence fund actively managed by Roundhill. Both are actively managed. Over the past 3 years, HUSV returned 9.18%/yr vs 40.54%/yr for CHAT. Their 0.09 correlation means their historical movements had little consistent relationship. HUSV charges 0.70%/yr vs 0.75%/yr for CHAT.

Performance

HUSV vs. CHAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Horizon Managed Volatility Domestic ETF (HUSV) 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, HUSV achieves a 6.59% return, which is significantly lower than CHAT's 39.01% return.

HUSV

• 1D: -0.19%
• 1M: 1.60%
• 6M: 4.68%
• YTD: 6.59%
• 1Y: 5.12%
• 3Y*: 9.18%
• 5Y*: 5.96%
• 10Y*: —
• ALL TIME*: 9.05%

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%

*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
HUSV First Trust Horizon Managed Volatility Domestic ETF	$1.27M	$680.03K	$388.61K

HUSV vs. CHAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HUSV First Trust Horizon Managed Volatility Domestic ETF	6.59%	4.96%	12.64%	4.88%
CHAT Roundhill Generative AI & Technology ETF	39.01%	49.85%	30.98%	21.04%

Correlation

The correlation between HUSV and CHAT is -0.21, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.21
Correlation (3Y) Balances recent behavior with more history.	0.09
Correlation (All Time) Calculated using the full available price history since May 18, 2023	0.09

The correlation between HUSV and CHAT shifts across timeframes, from -0.21 (1 year) to 0.09 (3 years), reflecting how their relationship changes across market environments.

HUSV vs. CHAT - Sectors Allocation Comparison

Sectors	HUSV	CHAT
Industrials	15.7%	3.6%
Utilities	14.7%	-
Financial Services	13.7%	0.0%
Healthcare	11.8%	-
Consumer Cyclical	9.8%	2.3%
Technology	9.8%	78.9%
Consumer Defensive	5.9%	-
Real Estate	5.9%	-
Basic Materials	3.9%	-
Energy	3.9%	-
Communication Services	2.9%	15.2%

Return for Risk

HUSV vs. CHAT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HUSV

HUSV Risk / Return Rank: 23
HUSV Sharpe Ratio Rank: 23
HUSV Sortino Ratio Rank: 23
HUSV Omega Ratio Rank: 21
HUSV Calmar Ratio Rank: 25
HUSV Martin Ratio Rank: 23

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

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.

HUSV vs. CHAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Horizon Managed Volatility Domestic ETF (HUSV) 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.

	HUSV	CHAT	Difference
Sharpe ratio: Return per unit of total volatility	0.51	1.63	-1.12
Sortino ratio: Return per unit of downside risk	0.82	2.08	-1.26
Omega ratio: Gain probability vs. loss probability	1.09	1.27	-0.18
Calmar ratio: Return relative to maximum drawdown	0.75	2.25	-1.50
Martin ratio: Return relative to average drawdown	1.75	7.96	-6.21

HUSV vs. CHAT - Sharpe Ratio Comparison

The current HUSV Sharpe Ratio is 0.51, which is lower than the CHAT Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of HUSV 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

HUSV vs. CHAT - Drawdown Comparison

The maximum HUSV drawdown since its inception was -35.72%, which is greater than CHAT's maximum drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for HUSV and CHAT.

Drawdown Indicators

	HUSV	CHAT	Difference
Max Drawdown Largest peak-to-trough decline	-35.72%	-31.34%	-4.38%
Max Drawdown (1Y) Largest decline over 1 year	-6.78%	-28.34%	+21.56%
Max Drawdown (3Y) Largest decline over 3 years	-9.35%	-31.34%	+21.99%
Max Drawdown (5Y) Largest decline over 5 years	-17.00%	—	—
Current Drawdown Current decline from peak	-1.38%	-21.25%	+19.87%
Average Drawdown Average peak-to-trough decline	-3.58%	-5.73%	+2.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	8.01%	-5.09%

Volatility

HUSV vs. CHAT - Volatility Comparison

The current volatility for First Trust Horizon Managed Volatility Domestic ETF (HUSV) is 4.47%, while Roundhill Generative AI & Technology ETF (CHAT) has a volatility of 16.74%. This indicates that HUSV 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

	HUSV	CHAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.47%	16.74%	-12.27%
Volatility (6M) Calculated over the trailing 6-month period	7.70%	34.39%	-26.69%
Volatility (1Y) Calculated over the trailing 1-year period	9.99%	39.18%	-29.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.15%	32.41%	-20.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.47%	32.41%	-17.94%

HUSV vs. CHAT - Expense Ratio Comparison

HUSV has a 0.70% expense ratio, which is lower than CHAT's 0.75% expense ratio.

Dividends

HUSV vs. CHAT - Dividend Comparison

HUSV's dividend yield for the trailing twelve months is around 1.27%, less than CHAT's 2.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%	0.00%
HUSV First Trust Horizon Managed Volatility Domestic ETF	1.27%	1.38%	1.14%	1.80%	1.68%	1.35%	1.29%	1.36%	1.48%	1.31%	0.35%

Frequently Asked Questions

Can I hold both HUSV and CHAT in my portfolio?

HUSV and CHAT have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HUSV or CHAT?

CHAT has higher volatility (16.74%) compared to HUSV (4.47%). In terms of maximum drawdown, HUSV dropped -35.72% vs CHAT's -31.34%.

Which ETF is better, HUSV or CHAT?

On 3-year performance, CHAT leads with 40.54% vs 9.18% for HUSV. On fees, HUSV is cheaper at 0.70% per year. On volatility, HUSV has been the lower-risk option at 4.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HUSV or CHAT?

Over the 3-year period, CHAT has performed better with a 40.54% return vs 9.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HUSV or CHAT?

HUSV is cheaper with a 0.70% expense ratio, compared with 0.75% for CHAT.

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

CHAT has the higher dividend yield at 2.05%, compared with 1.27% for HUSV.

What is the main difference between HUSV and CHAT?

HUSV is categorized as Low Volatility, while CHAT is Artificial Intelligence. They also come from different issuers: First Trust and Roundhill. Their fees differ too: 0.70% for HUSV and 0.75% for CHAT.

Which has better risk-adjusted returns?

CHAT currently has the higher Sharpe Ratio (1.63 vs 0.51), 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.