LRNZ vs. CHAT

Last updated Jun 4, 2026

LRNZ (TrueShares Technology, AI & Deep Learning ETF) and CHAT (Roundhill Generative AI & Technology ETF) are both exchange-traded funds - LRNZ is a Large Cap Growth Equities fund actively managed by TrueMark Investments, while CHAT is a Technology Equities fund actively managed by Roundhill. Both are actively managed. Over the past 3 years, LRNZ returned 26.33%/yr vs 55.51%/yr for CHAT. A 0.77 correlation means they provide meaningful diversification when combined. LRNZ charges 0.68%/yr vs 0.75%/yr for CHAT.

Performance

LRNZ vs. CHAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares Technology, AI & Deep Learning ETF (LRNZ) 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, LRNZ achieves a 30.91% return, which is significantly lower than CHAT's 74.30% return.

LRNZ

• 1D: -1.80%
• 1M: 33.80%
• YTD: 30.91%
• 6M: 29.93%
• 1Y: 47.93%
• 3Y*: 26.33%
• 5Y*: 8.67%
• 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)

LRNZ vs. CHAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
LRNZ TrueShares Technology, AI & Deep Learning ETF	30.91%	22.27%	2.01%	32.94%
CHAT Roundhill Generative AI & Technology ETF	74.30%	49.85%	30.98%	19.23%

Correlation

The correlation between LRNZ and CHAT is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (All Time) Calculated using the full available price history since May 19, 2023	0.77

The correlation between LRNZ and CHAT shifts across timeframes, from 0.66 (1 year) to 0.77 (3 years), reflecting how their relationship changes across market environments.

LRNZ vs. CHAT - Sectors Allocation Comparison

Sectors	LRNZ	CHAT
Technology	78.4%	76.5%
Healthcare	16.3%	-
Communication Services	5.3%	16.6%
Basic Materials	-	-
Consumer Cyclical	-	5.6%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	0.0%
Industrials	-	0.8%
Real Estate	-	-
Utilities	-	-

Return for Risk

LRNZ vs. CHAT — Risk / Return Rank

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

LRNZ

LRNZ Risk / Return Rank: 41
LRNZ Sharpe Ratio Rank: 48
LRNZ Sortino Ratio Rank: 46
LRNZ Omega Ratio Rank: 43
LRNZ Calmar Ratio Rank: 36
LRNZ Martin Ratio Rank: 30

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.

LRNZ vs. CHAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Technology, AI & Deep Learning ETF (LRNZ) 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.

	LRNZ	CHAT	Difference
Sharpe ratio: Return per unit of total volatility	1.67	4.72	-3.05
Sortino ratio: Return per unit of downside risk	2.27	4.86	-2.58
Omega ratio: Gain probability vs. loss probability	1.28	1.65	-0.37
Calmar ratio: Return relative to maximum drawdown	1.79	8.90	-7.11
Martin ratio: Return relative to average drawdown	4.40	26.26	-21.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LRNZ vs. CHAT - Sharpe Ratio Comparison

The current LRNZ Sharpe Ratio is 1.67, which is lower than the CHAT Sharpe Ratio of 4.72. The chart below compares the historical Sharpe Ratios of LRNZ 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.

Sharpe Ratios by Period

	LRNZ	CHAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.67	4.72	-3.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	1.98	-1.57

Drawdowns

LRNZ vs. CHAT - Drawdown Comparison

The maximum LRNZ drawdown since its inception was -61.33%, which is greater than CHAT's maximum drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for LRNZ and CHAT.

Drawdown Indicators

	LRNZ	CHAT	Difference
Max Drawdown Largest peak-to-trough decline	-61.33%	-31.34%	-29.99%
Max Drawdown (1Y) Largest decline over 1 year	-26.89%	-16.28%	-10.61%
Max Drawdown (3Y) Largest decline over 3 years	-33.10%	-31.34%	-1.76%
Max Drawdown (5Y) Largest decline over 5 years	-61.33%	—	—
Current Drawdown Current decline from peak	-2.56%	-0.66%	-1.90%
Average Drawdown Average peak-to-trough decline	-26.67%	-5.35%	-21.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.93%	5.51%	+5.42%

Volatility

LRNZ vs. CHAT - Volatility Comparison

The current volatility for TrueShares Technology, AI & Deep Learning ETF (LRNZ) is 10.33%, while Roundhill Generative AI & Technology ETF (CHAT) has a volatility of 11.70%. This indicates that LRNZ 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

	LRNZ	CHAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.33%	11.70%	-1.37%
Volatility (6M) Calculated over the trailing 6-month period	23.25%	24.62%	-1.37%
Volatility (1Y) Calculated over the trailing 1-year period	28.88%	30.74%	-1.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.26%	29.90%	+7.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.64%	29.90%	+7.74%

LRNZ vs. CHAT - Expense Ratio Comparison

LRNZ has a 0.68% expense ratio, which is lower than CHAT's 0.75% expense ratio.

Dividends

LRNZ vs. CHAT - Dividend Comparison

LRNZ has not paid dividends to shareholders, while CHAT's dividend yield for the trailing twelve months is around 1.64%.

Position	TTM	2025	2024	2023	2022	2021
CHAT Roundhill Generative AI & Technology ETF	1.64%	2.85%	0.00%	0.00%	0.00%	0.00%
LRNZ TrueShares Technology, AI & Deep Learning ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.13%

Frequently Asked Questions

Can I hold both LRNZ and CHAT in my portfolio?

LRNZ and CHAT have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LRNZ or CHAT?

CHAT has higher volatility (11.70%) compared to LRNZ (10.33%). In terms of maximum drawdown, LRNZ dropped -61.33% vs CHAT's -31.34%.

Which ETF is better, LRNZ or CHAT?

On 3-year performance, CHAT leads with 55.51% vs 26.33% for LRNZ. On fees, LRNZ is cheaper at 0.68% per year. On volatility, LRNZ has been the lower-risk option at 10.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LRNZ or CHAT?

Over the 3-year period, CHAT has performed better with a 55.51% return vs 26.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LRNZ or CHAT?

LRNZ is cheaper with a 0.68% expense ratio, compared with 0.75% for CHAT.

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

CHAT has the higher dividend yield at 1.64%, compared with 0.00% for LRNZ.

What is the main difference between LRNZ and CHAT?

LRNZ is categorized as Large Cap Growth Equities, while CHAT is Technology Equities. They also come from different issuers: TrueMark Investments and Roundhill. Their fees differ too: 0.68% for LRNZ and 0.75% for CHAT.

Which has better risk-adjusted returns?

CHAT currently has the higher Sharpe Ratio (4.72 vs 1.67), 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.