IVES vs. CHAT

Last updated Jun 25, 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. Over the past year, IVES returned 35.69% vs 107.18% for CHAT. 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 14.36% return, which is significantly lower than CHAT's 62.42% return.

IVES

• 1D: -1.36%
• 1M: -2.95%
• YTD: 14.36%
• 6M: 11.68%
• 1Y: 35.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CHAT

• 1D: -0.63%
• 1M: 6.59%
• YTD: 62.42%
• 6M: 61.25%
• 1Y: 107.18%
• 3Y*: 51.00%
• 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	14.36%	25.11%
CHAT Roundhill Generative AI & Technology ETF	62.42%	39.99%

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 (1Y) Calculated over the trailing 1-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025	0.85

The correlation between IVES and CHAT has been stable across timeframes, ranging from 0.85 to 0.85 - a consistent structural relationship.

IVES vs. CHAT - Sectors Allocation Comparison

Sectors	IVES	CHAT
Technology	71.8%	77.8%
Consumer Cyclical	11.0%	2.4%
Communication Services	10.9%	16.1%
Industrials	3.1%	3.5%
Financial Services	1.9%	0.0%
Utilities	1.3%	-
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.

IVES

IVES Risk / Return Rank: 37
IVES Sharpe Ratio Rank: 41
IVES Sortino Ratio Rank: 38
IVES Omega Ratio Rank: 38
IVES Calmar Ratio Rank: 34
IVES Martin Ratio Rank: 32

CHAT

CHAT Risk / Return Rank: 89
CHAT Sharpe Ratio Rank: 94
CHAT Sortino Ratio Rank: 84
CHAT Omega Ratio Rank: 86
CHAT Calmar Ratio Rank: 94
CHAT Martin Ratio Rank: 90

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.

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.

	IVES	CHAT	Difference
Sharpe ratio: Return per unit of total volatility	1.33	3.10	-1.78
Sortino ratio: Return per unit of downside risk	1.82	3.36	-1.54
Omega ratio: Gain probability vs. loss probability	1.23	1.47	-0.24
Calmar ratio: Return relative to maximum drawdown	1.58	6.62	-5.04
Martin ratio: Return relative to average drawdown	4.30	18.29	-13.99

IVES vs. CHAT - Sharpe Ratio Comparison

The current IVES Sharpe Ratio is 1.33, which is lower than the CHAT Sharpe Ratio of 3.10. The chart below compares the historical Sharpe Ratios of IVES 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

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	-22.64%	-16.28%	-6.36%
Max Drawdown (3Y) Largest decline over 3 years	—	-31.34%	—
Current Drawdown Current decline from peak	-13.37%	-7.99%	-5.38%
Average Drawdown Average peak-to-trough decline	-5.86%	-5.39%	-0.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.32%	5.88%	+2.44%

Volatility

IVES vs. CHAT - Volatility Comparison

The current volatility for Dan IVES Wedbush AI Revolution ETF (IVES) is 11.81%, while Roundhill Generative AI & Technology ETF (CHAT) has a volatility of 19.26%. This indicates that IVES 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

	IVES	CHAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.81%	19.26%	-7.45%
Volatility (6M) Calculated over the trailing 6-month period	21.22%	29.49%	-8.27%
Volatility (1Y) Calculated over the trailing 1-year period	27.13%	34.88%	-7.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.65%	31.21%	-4.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.65%	31.21%	-4.56%

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 0.36%, less than CHAT's 1.76% yield.

Position	TTM	2025
CHAT Roundhill Generative AI & Technology ETF	1.76%	2.85%
IVES Dan IVES Wedbush AI Revolution ETF	0.36%	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 is riskier, IVES or CHAT?

CHAT has higher volatility (19.26%) compared to IVES (11.81%). In terms of maximum drawdown, IVES dropped -22.64% vs CHAT's -31.34%.

Which ETF is better, IVES or CHAT?

On 1-year performance, CHAT leads with 107.18% vs 35.69% for IVES. Both ETFs have the same 0.75% expense ratio. On volatility, IVES has been the lower-risk option at 11.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IVES or CHAT?

Over the 1-year period, CHAT has performed better with a 107.18% return vs 35.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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 1.76%, compared with 0.36% for IVES.

What is the main difference between IVES and CHAT?

They also come from different issuers: Wedbush and Roundhill.

Which has better risk-adjusted returns?

CHAT currently has the higher Sharpe Ratio (3.10 vs 1.33), 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.