JEDI vs. CHAT

Last updated Aug 4, 2026

JEDI (Defiance Drone and Modern Warfare ETF) and CHAT (Roundhill Generative AI & Technology ETF) are both exchange-traded funds - JEDI is a Aerospace & Defense fund tracking the BITA Drone & Modern Warfare Select Index, while CHAT is a Artificial Intelligence fund actively managed by Roundhill. JEDI is passively managed, while CHAT is actively managed. Their 0.50 correlation means they have sometimes moved together and sometimes differently. JEDI charges 0.69%/yr vs 0.75%/yr for CHAT.

Performance

JEDI vs. CHAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Drone and Modern Warfare ETF (JEDI) 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, JEDI achieves a 4.94% return, which is significantly lower than CHAT's 44.67% return.

JEDI

• 1D: 6.52%
• 1M: -11.38%
• 6M: -5.91%
• YTD: 4.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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
JEDI Defiance Drone and Modern Warfare ETF	$2.72M	$3.86M	$7.29M

JEDI vs. CHAT - Yearly Performance Comparison

	2026 (YTD)	2025
JEDI Defiance Drone and Modern Warfare ETF	4.94%	-3.42%
CHAT Roundhill Generative AI & Technology ETF	44.67%	-0.44%

Correlation

The correlation between JEDI and CHAT is 0.50, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 26, 2025	0.50

Return for Risk

JEDI vs. CHAT — Risk / Return Rank

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

JEDI

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

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.

JEDI vs. CHAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Drone and Modern Warfare ETF (JEDI) 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.

	JEDI	CHAT	Difference
Sharpe ratio: Return per unit of total volatility	—	1.94	—
Sortino ratio: Return per unit of downside risk	—	2.36	—
Omega ratio: Gain probability vs. loss probability	—	1.31	—
Calmar ratio: Return relative to maximum drawdown	—	2.69	—
Martin ratio: Return relative to average drawdown	—	9.40	—

Drawdowns

JEDI vs. CHAT - Drawdown Comparison

The maximum JEDI drawdown since its inception was -48.21%, which is greater than CHAT's maximum drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for JEDI and CHAT.

Drawdown Indicators

	JEDI	CHAT	Difference
Max Drawdown Largest peak-to-trough decline	-48.21%	-31.34%	-16.87%
Max Drawdown (1Y) Largest decline over 1 year	—	-28.34%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-31.34%	—
Current Drawdown Current decline from peak	-39.96%	-18.04%	-21.92%
Average Drawdown Average peak-to-trough decline	-14.06%	-5.75%	-8.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.09%	—

Volatility

Volatility by Period

	JEDI	CHAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	16.63%	—
Volatility (6M) Calculated over the trailing 6-month period	—	34.48%	—
Volatility (1Y) Calculated over the trailing 1-year period	53.81%	39.30%	+14.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.81%	32.47%	+21.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.81%	32.47%	+21.34%

JEDI vs. CHAT - Expense Ratio Comparison

JEDI has a 0.69% expense ratio, which is lower than CHAT's 0.75% expense ratio.

Dividends

JEDI vs. CHAT - Dividend Comparison

JEDI has not paid dividends to shareholders, while CHAT's dividend yield for the trailing twelve months is around 1.97%.

Position	TTM	2025
CHAT Roundhill Generative AI & Technology ETF	1.97%	2.85%
JEDI Defiance Drone and Modern Warfare ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both JEDI and CHAT in my portfolio?

JEDI and CHAT have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JEDI or CHAT?

On fees, JEDI is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JEDI or CHAT?

JEDI is cheaper with a 0.69% expense ratio, compared with 0.75% for CHAT.

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

CHAT has the higher dividend yield at 1.97%, compared with 0.00% for JEDI.

What is the main difference between JEDI and CHAT?

JEDI is categorized as Aerospace & Defense, while CHAT is Artificial Intelligence. They also come from different issuers: Defiance and Roundhill. Their fees differ too: 0.69% for JEDI and 0.75% for CHAT.