JHAI vs. CHAT

Last updated Jun 5, 2026

JHAI (Janus Henderson Global Artificial Intelligence ETF) and CHAT (Roundhill Generative AI & Technology ETF) are both Technology Equities funds. Both are actively managed. Their correlation of 0.88 suggests significant overlap in exposure. JHAI charges 0.59%/yr vs 0.75%/yr for CHAT.

Performance

JHAI vs. CHAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Global Artificial Intelligence ETF (JHAI) 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, JHAI achieves a 30.33% return, which is significantly lower than CHAT's 70.00% return.

JHAI

• 1D: -0.73%
• 1M: 13.08%
• YTD: 30.33%
• 6M: 29.31%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CHAT

• 1D: -2.47%
• 1M: 21.73%
• YTD: 70.00%
• 6M: 67.89%
• 1Y: 133.72%
• 3Y*: 54.00%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JHAI vs. CHAT - Yearly Performance Comparison

	2026 (YTD)	2025
JHAI Janus Henderson Global Artificial Intelligence ETF	30.33%	10.00%
CHAT Roundhill Generative AI & Technology ETF	70.00%	16.37%

Correlation

The correlation between JHAI and CHAT is 0.88, 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 Aug 21, 2025	0.88

Return for Risk

JHAI 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: 96
CHAT Sortino Ratio Rank: 93
CHAT Omega Ratio Rank: 92
CHAT Calmar Ratio Rank: 95
CHAT Martin Ratio Rank: 93

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.

JHAI vs. CHAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Global Artificial Intelligence ETF (JHAI) 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

	JHAI	CHAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.37	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.29	1.93	+0.36

Drawdowns

JHAI vs. CHAT - Drawdown Comparison

The maximum JHAI drawdown since its inception was -15.38%, smaller than the maximum CHAT drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for JHAI and CHAT.

Drawdown Indicators

	JHAI	CHAT	Difference
Max Drawdown Largest peak-to-trough decline	-15.38%	-31.34%	+15.96%
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	-2.22%	-3.11%	+0.89%
Average Drawdown Average peak-to-trough decline	-3.62%	-5.35%	+1.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.51%	—

Volatility

Volatility by Period

	JHAI	CHAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.18%	—
Volatility (6M) Calculated over the trailing 6-month period	—	24.80%	—
Volatility (1Y) Calculated over the trailing 1-year period	25.48%	30.81%	-5.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.48%	29.92%	-4.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.48%	29.92%	-4.44%

JHAI vs. CHAT - Expense Ratio Comparison

JHAI has a 0.59% expense ratio, which is lower than CHAT's 0.75% expense ratio.

Dividends

JHAI vs. CHAT - Dividend Comparison

JHAI's dividend yield for the trailing twelve months is around 0.32%, less than CHAT's 1.68% yield.

Position	TTM	2025
CHAT Roundhill Generative AI & Technology ETF	1.68%	2.85%
JHAI Janus Henderson Global Artificial Intelligence ETF	0.32%	0.32%

Frequently Asked Questions

Can I hold both JHAI and CHAT in my portfolio?

JHAI and CHAT have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JHAI or CHAT?

On fees, JHAI is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JHAI or CHAT?

JHAI is cheaper with a 0.59% expense ratio, compared with 0.75% for CHAT.

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

CHAT has the higher dividend yield at 1.68%, compared with 0.32% for JHAI.

What is the main difference between JHAI and CHAT?

They also come from different issuers: Janus Henderson and Roundhill. Their fees differ too: 0.59% for JHAI and 0.75% for CHAT.