ILDR vs. CHAT

Last updated Jun 4, 2026

ILDR (First Trust Innovation Leaders ETF) and CHAT (Roundhill Generative AI & Technology ETF) are both Technology Equities funds. Both are actively managed. Over the past 3 years, ILDR returned 31.44%/yr vs 55.51%/yr for CHAT. Their correlation of 0.87 suggests significant overlap in exposure. Both charge a 0.75% expense ratio.

Performance

ILDR vs. CHAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Innovation Leaders ETF (ILDR) 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, ILDR achieves a 21.58% return, which is significantly lower than CHAT's 74.30% return.

ILDR

• 1D: -1.06%
• 1M: 13.98%
• YTD: 21.58%
• 6M: 21.69%
• 1Y: 47.41%
• 3Y*: 31.44%
• 5Y*: 14.40%
• 10Y*: —

CHAT

• 1D: -0.66%
• 1M: 27.78%
• YTD: 74.30%
• 6M: 73.13%
• 1Y: 144.01%
• 3Y*: 55.51%
• 5Y*: —
• 10Y*: —

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

ILDR vs. CHAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ILDR First Trust Innovation Leaders ETF	21.58%	29.22%	29.31%	17.52%
CHAT Roundhill Generative AI & Technology ETF	74.30%	49.85%	30.98%	19.23%

Correlation

The correlation between ILDR and CHAT is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (All Time) Calculated using the full available price history since May 19, 2023	0.87

The correlation between ILDR and CHAT has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.

ILDR vs. CHAT - Sectors Allocation Comparison

Sectors	ILDR	CHAT
Technology	45.2%	76.5%
Healthcare	14.7%	-
Industrials	12.8%	0.8%
Communication Services	10.2%	16.6%
Consumer Cyclical	10.2%	5.6%
Financial Services	3.1%	0.0%
Energy	2.0%	-
Utilities	1.9%	-
Basic Materials	-	-
Consumer Defensive	-	-
Real Estate	-	-

Return for Risk

ILDR vs. CHAT — Risk / Return Rank

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

ILDR

ILDR Risk / Return Rank: 60
ILDR Sharpe Ratio Rank: 69
ILDR Sortino Ratio Rank: 63
ILDR Omega Ratio Rank: 60
ILDR Calmar Ratio Rank: 55
ILDR Martin Ratio Rank: 53

CHAT

CHAT Risk / Return Rank: 94
CHAT Sharpe Ratio Rank: 97
CHAT Sortino Ratio Rank: 94
CHAT Omega Ratio Rank: 93
CHAT Calmar Ratio Rank: 96
CHAT Martin Ratio Rank: 94

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.

ILDR vs. CHAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Innovation Leaders ETF (ILDR) 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.

	ILDR	CHAT	Difference
Sharpe ratio Return per unit of total volatility	2.26	4.72	-2.46
Sortino ratio Return per unit of downside risk	2.94	4.86	-1.92
Omega ratio Gain probability vs. loss probability	1.37	1.65	-0.29
Calmar ratio Return relative to maximum drawdown	2.69	8.90	-6.21
Martin ratio Return relative to average drawdown	9.00	26.26	-17.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ILDR vs. CHAT - Sharpe Ratio Comparison

The current ILDR Sharpe Ratio is 2.26, which is lower than the CHAT Sharpe Ratio of 4.72. The chart below compares the historical Sharpe Ratios of ILDR 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.

Sharpe Ratios by Period

	ILDR	CHAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.26	4.72	-2.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	1.98	-1.42

Drawdowns

ILDR vs. CHAT - Drawdown Comparison

The maximum ILDR drawdown since its inception was -44.61%, which is greater than CHAT's maximum drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for ILDR and CHAT.

Drawdown Indicators

	ILDR	CHAT	Difference
Max Drawdown Largest peak-to-trough decline	-44.61%	-31.34%	-13.27%
Max Drawdown (1Y) Largest decline over 1 year	-17.70%	-16.28%	-1.42%
Max Drawdown (3Y) Largest decline over 3 years	-26.43%	-31.34%	+4.91%
Max Drawdown (5Y) Largest decline over 5 years	-44.61%	—	—
Current Drawdown Current decline from peak	-1.06%	-0.66%	-0.40%
Average Drawdown Average peak-to-trough decline	-14.98%	-5.35%	-9.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.28%	5.51%	-0.23%

Volatility

ILDR vs. CHAT - Volatility Comparison

The current volatility for First Trust Innovation Leaders ETF (ILDR) is 6.23%, while Roundhill Generative AI & Technology ETF (CHAT) has a volatility of 11.70%. This indicates that ILDR 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

	ILDR	CHAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.23%	11.70%	-5.47%
Volatility (6M) Calculated over the trailing 6-month period	16.21%	24.62%	-8.41%
Volatility (1Y) Calculated over the trailing 1-year period	21.11%	30.74%	-9.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.07%	29.90%	-3.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.02%	29.90%	-3.88%

ILDR vs. CHAT - Expense Ratio Comparison

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

Dividends

ILDR vs. CHAT - Dividend Comparison

ILDR has not paid dividends to shareholders, while CHAT's dividend yield for the trailing twelve months is around 1.64%.

Position	TTM	2025	2024	2023	2022	2021
CHAT Roundhill Generative AI & Technology ETF	1.64%	2.85%	0.00%	0.00%	0.00%	0.00%
ILDR First Trust Innovation Leaders ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.16%

Frequently Asked Questions

Can I hold both ILDR and CHAT in my portfolio?

ILDR and CHAT have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ILDR or CHAT?

CHAT has higher volatility (11.70%) compared to ILDR (6.23%). In terms of maximum drawdown, ILDR dropped -44.61% vs CHAT's -31.34%.

Which ETF is better, ILDR or CHAT?

On 3-year performance, CHAT leads with 55.51% vs 31.44% for ILDR. Both ETFs have the same 0.75% expense ratio. On volatility, ILDR has been the lower-risk option at 6.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ILDR or CHAT?

Over the 3-year period, CHAT has performed better with a 55.51% return vs 31.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ILDR or CHAT?

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

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

CHAT has the higher dividend yield at 1.64%, compared with 0.00% for ILDR.

What is the main difference between ILDR and CHAT?

They also come from different issuers: First Trust and Roundhill.

Which has better risk-adjusted returns?

CHAT currently has the higher Sharpe Ratio (4.72 vs 2.26), 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.