IVRS vs. CHAT

Last updated Aug 4, 2026

IVRS (iShares Future Metaverse Tech And Communications ETF) and CHAT (Roundhill Generative AI & Technology ETF) are both exchange-traded funds - IVRS is a Technology Equities fund tracking the Morningstar Global Metaverse & Virtual Interaction Select Index - Benchmark TR Net, while CHAT is a Artificial Intelligence fund actively managed by Roundhill. IVRS is passively managed, while CHAT is actively managed. Over the past 3 years, IVRS returned 7.73%/yr vs 43.86%/yr for CHAT. Their 0.75 correlation means they have sometimes moved together and sometimes differently. IVRS charges 0.47%/yr vs 0.75%/yr for CHAT.

Performance

IVRS vs. CHAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Future Metaverse Tech And Communications ETF (IVRS) 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, IVRS achieves a -7.07% return, which is significantly lower than CHAT's 44.67% return.

IVRS

• 1D: 2.16%
• 1M: 0.63%
• 6M: -1.65%
• YTD: -7.07%
• 1Y: -11.56%
• 3Y*: 7.73%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.16%

CHAT

• 1D: 4.08%
• 1M: -3.93%
• 6M: 36.65%
• YTD: 44.67%
• 1Y: 75.75%
• 3Y*: 43.86%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 46.88%

*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	$62.52M	$56.73M	$66.46M
IVRS iShares Future Metaverse Tech And Communications ETF	$45.64K	$34.99K	$21.63K

IVRS vs. CHAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IVRS iShares Future Metaverse Tech And Communications ETF	-7.07%	12.75%	7.40%	22.03%
CHAT Roundhill Generative AI & Technology ETF	44.67%	49.85%	30.98%	21.04%

Correlation

The correlation between IVRS and CHAT is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.61
Correlation (3Y) Balances recent behavior with more history.	0.74
Correlation (All Time) Calculated using the full available price history since May 18, 2023	0.75

The correlation between IVRS and CHAT shifts across timeframes, from 0.61 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.

IVRS vs. CHAT - Sectors Allocation Comparison

Sectors	IVRS	CHAT
Communication Services	46.3%	15.2%
Technology	31.8%	78.9%
Financial Services	17.9%	0.0%
Consumer Cyclical	4.0%	2.3%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	3.6%
Real Estate	-	-
Utilities	-	-

Return for Risk

IVRS vs. CHAT — Risk / Return Rank

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

IVRS

IVRS Risk / Return Rank: 6
IVRS Sharpe Ratio Rank: 5
IVRS Sortino Ratio Rank: 5
IVRS Omega Ratio Rank: 5
IVRS Calmar Ratio Rank: 6
IVRS Martin Ratio Rank: 6

CHAT

CHAT Risk / Return Rank: 76
CHAT Sharpe Ratio Rank: 82
CHAT Sortino Ratio Rank: 72
CHAT Omega Ratio Rank: 74
CHAT Calmar Ratio Rank: 76
CHAT Martin Ratio Rank: 74

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.

IVRS vs. CHAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Future Metaverse Tech And Communications ETF (IVRS) 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.

	IVRS	CHAT	Difference
Sharpe ratio: Return per unit of total volatility	-0.49	1.94	-2.43
Sortino ratio: Return per unit of downside risk	-0.53	2.36	-2.89
Omega ratio: Gain probability vs. loss probability	0.94	1.31	-0.37
Calmar ratio: Return relative to maximum drawdown	-0.37	2.69	-3.06
Martin ratio: Return relative to average drawdown	-0.69	9.40	-10.09

IVRS vs. CHAT - Sharpe Ratio Comparison

The current IVRS Sharpe Ratio is -0.49, which is lower than the CHAT Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of IVRS 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

IVRS vs. CHAT - Drawdown Comparison

The maximum IVRS drawdown since its inception was -31.43%, roughly equal to the maximum CHAT drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for IVRS and CHAT.

Drawdown Indicators

	IVRS	CHAT	Difference
Max Drawdown Largest peak-to-trough decline	-31.43%	-31.34%	-0.09%
Max Drawdown (1Y) Largest decline over 1 year	-31.43%	-28.34%	-3.09%
Max Drawdown (3Y) Largest decline over 3 years	-31.43%	-31.34%	-0.09%
Current Drawdown Current decline from peak	-20.06%	-18.04%	-2.02%
Average Drawdown Average peak-to-trough decline	-6.51%	-5.75%	-0.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.79%	8.09%	+8.70%

Volatility

IVRS vs. CHAT - Volatility Comparison

The current volatility for iShares Future Metaverse Tech And Communications ETF (IVRS) is 7.97%, while Roundhill Generative AI & Technology ETF (CHAT) has a volatility of 16.63%. This indicates that IVRS 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

	IVRS	CHAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.97%	16.63%	-8.66%
Volatility (6M) Calculated over the trailing 6-month period	19.96%	34.48%	-14.52%
Volatility (1Y) Calculated over the trailing 1-year period	23.89%	39.30%	-15.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.88%	32.47%	-11.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.88%	32.47%	-11.59%

IVRS vs. CHAT - Expense Ratio Comparison

IVRS has a 0.47% expense ratio, which is lower than CHAT's 0.75% expense ratio.

Dividends

IVRS vs. CHAT - Dividend Comparison

IVRS's dividend yield for the trailing twelve months is around 8.62%, more than CHAT's 1.97% yield.

Position	TTM	2025	2024	2023
CHAT Roundhill Generative AI & Technology ETF	1.97%	2.85%	0.00%	0.00%
IVRS iShares Future Metaverse Tech And Communications ETF	8.62%	7.88%	6.65%	0.48%

Frequently Asked Questions

Can I hold both IVRS and CHAT in my portfolio?

IVRS and CHAT have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IVRS or CHAT?

CHAT has higher volatility (16.63%) compared to IVRS (7.97%). In terms of maximum drawdown, IVRS dropped -31.43% vs CHAT's -31.34%.

Which ETF is better, IVRS or CHAT?

On 3-year performance, CHAT leads with 43.86% vs 7.73% for IVRS. On fees, IVRS is cheaper at 0.47% per year. On volatility, IVRS has been the lower-risk option at 7.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IVRS or CHAT?

Over the 3-year period, CHAT has performed better with a 43.86% return vs 7.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IVRS or CHAT?

IVRS is cheaper with a 0.47% expense ratio, compared with 0.75% for CHAT.

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

IVRS has the higher dividend yield at 8.62%, compared with 1.97% for CHAT.

What is the main difference between IVRS and CHAT?

IVRS is categorized as Technology Equities, while CHAT is Artificial Intelligence. They also come from different issuers: iShares and Roundhill. Their fees differ too: 0.47% for IVRS and 0.75% for CHAT.

Which has better risk-adjusted returns?

CHAT currently has the higher Sharpe Ratio (1.94 vs -0.49), 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.