IREN vs. CHAT
IREN (IREN Limited) is a stock, while CHAT (Roundhill Generative AI & Technology ETF) is Technology Equities fund actively managed by Roundhill. Over the past 3 years, IREN returned 153.35%/yr vs 50.33%/yr for CHAT. At a 0.46 correlation, their price movements are largely independent.
Performance
IREN vs. CHAT - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IREN having a 56.71% return and CHAT slightly higher at 58.75%.
IREN
- 1D
- 8.91%
- 1M
- -3.28%
- YTD
- 56.71%
- 6M
- 27.73%
- 1Y
- 507.08%
- 3Y*
- 153.35%
- 5Y*
- —
- 10Y*
- —
CHAT
- 1D
- 3.25%
- 1M
- 8.61%
- YTD
- 58.75%
- 6M
- 54.05%
- 1Y
- 117.08%
- 3Y*
- 50.33%
- 5Y*
- —
- 10Y*
- —
IREN vs. CHAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IREN IREN Limited | 56.71% | 284.62% | 37.34% | 81.93% |
CHAT Roundhill Generative AI & Technology ETF | 58.75% | 49.85% | 30.98% | 19.23% |
Correlation
The correlation between IREN and CHAT is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since May 19, 2023 | 0.46 |
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Return for Risk
IREN vs. CHAT — Risk / Return Rank
IREN
CHAT
IREN vs. CHAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IREN Limited (IREN) 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.
| IREN | CHAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.54 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 8.73 | 7.23 | +1.49 |
| Martin ratioReturn relative to average drawdown | 16.71 | 21.00 | -4.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IREN | CHAT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.00 | 3.63 | +1.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 1.78 | -1.60 |
Drawdowns
IREN vs. CHAT - Drawdown Comparison
The maximum IREN drawdown since its inception was -95.73%, which is greater than CHAT's maximum drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for IREN and CHAT.
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Drawdown Indicators
| IREN | CHAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.73% | -31.34% | -64.39% |
Max Drawdown (1Y)Largest decline over 1 year | -58.62% | -16.28% | -42.34% |
Max Drawdown (3Y)Largest decline over 3 years | -65.56% | -31.34% | -34.22% |
Current DrawdownCurrent decline from peak | -22.54% | -9.52% | -13.02% |
Average DrawdownAverage peak-to-trough decline | -62.69% | -5.36% | -57.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.55% | 5.60% | +24.95% |
Volatility
IREN vs. CHAT - Volatility Comparison
IREN Limited (IREN) has a higher volatility of 33.35% compared to Roundhill Generative AI & Technology ETF (CHAT) at 15.95%. This indicates that IREN's price experiences larger fluctuations and is considered to be riskier than CHAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IREN | CHAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 33.35% | 15.95% | +17.40% |
Volatility (6M)Calculated over the trailing 6-month period | 74.76% | 27.06% | +47.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 102.51% | 32.47% | +70.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 118.50% | 30.45% | +88.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 118.50% | 30.45% | +88.05% |
Dividends
IREN vs. CHAT - Dividend Comparison
IREN has not paid dividends to shareholders, while CHAT's dividend yield for the trailing twelve months is around 1.80%.
| Position | TTM | 2025 |
|---|---|---|
CHAT Roundhill Generative AI & Technology ETF | 1.80% | 2.85% |
IREN IREN Limited | 0.00% | 0.00% |
Frequently Asked Questions
IREN and CHAT have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IREN has higher volatility (33.35%) compared to CHAT (15.95%). In terms of maximum drawdown, IREN dropped -95.73% vs CHAT's -31.34%.
IREN currently has the higher Sharpe Ratio (5.00 vs 3.63), 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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