IVES vs. CHAT

Last updated Jun 4, 2026

IVES (Dan IVES Wedbush AI Revolution ETF) and CHAT (Roundhill Generative AI & Technology ETF) are both Technology Equities funds. IVES is passively managed, while CHAT is actively managed. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.75% expense ratio.

Performance

IVES vs. CHAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dan IVES Wedbush AI Revolution ETF (IVES) 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, IVES achieves a 27.14% return, which is significantly lower than CHAT's 74.30% return.

IVES

• 1D: -2.92%
• 1M: 18.28%
• YTD: 27.14%
• 6M: 24.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 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)

IVES vs. CHAT - Yearly Performance Comparison

	2026 (YTD)	2025
IVES Dan IVES Wedbush AI Revolution ETF	27.14%	25.06%
CHAT Roundhill Generative AI & Technology ETF	74.30%	37.48%

Correlation

The correlation between IVES and CHAT is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	0.85

IVES vs. CHAT - Sectors Allocation Comparison

Sectors	IVES	CHAT
Technology	67.8%	76.5%
Consumer Cyclical	12.9%	5.6%
Communication Services	11.8%	16.6%
Industrials	4.3%	0.8%
Financial Services	1.7%	0.0%
Utilities	1.7%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

IVES vs. CHAT — Risk / Return Rank

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

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.

IVES vs. CHAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dan IVES Wedbush AI Revolution ETF (IVES) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	IVES	CHAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.72	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.32	1.98	+0.34

Drawdowns

IVES vs. CHAT - Drawdown Comparison

The maximum IVES drawdown since its inception was -22.64%, smaller than the maximum CHAT drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for IVES and CHAT.

Drawdown Indicators

	IVES	CHAT	Difference
Max Drawdown Largest peak-to-trough decline	-22.64%	-31.34%	+8.70%
Max Drawdown (1Y) Largest decline over 1 year	—	-16.28%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-31.34%	—
Current Drawdown Current decline from peak	-3.69%	-0.66%	-3.03%
Average Drawdown Average peak-to-trough decline	-5.63%	-5.35%	-0.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.51%	—

Volatility

Volatility by Period

	IVES	CHAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.70%	—
Volatility (6M) Calculated over the trailing 6-month period	—	24.62%	—
Volatility (1Y) Calculated over the trailing 1-year period	25.77%	30.74%	-4.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.77%	29.90%	-4.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.77%	29.90%	-4.13%

IVES vs. CHAT - Expense Ratio Comparison

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

Dividends

IVES vs. CHAT - Dividend Comparison

IVES's dividend yield for the trailing twelve months is around 0.33%, less than CHAT's 1.64% yield.

Position	TTM	2025
CHAT Roundhill Generative AI & Technology ETF	1.64%	2.85%
IVES Dan IVES Wedbush AI Revolution ETF	0.33%	0.41%

Frequently Asked Questions

Can I hold both IVES and CHAT in my portfolio?

IVES and CHAT have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IVES or CHAT?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IVES or CHAT?

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

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

CHAT has the higher dividend yield at 1.64%, compared with 0.33% for IVES.

What is the main difference between IVES and CHAT?

They also come from different issuers: Wedbush and Roundhill.