NERD vs. CHAT

Last updated Aug 4, 2026

NERD (Roundhill Video Games ETF) and CHAT (Roundhill Generative AI & Technology ETF) are both exchange-traded funds - NERD is a Gaming fund actively managed by Roundhill, while CHAT is a Artificial Intelligence fund actively managed by Roundhill. Both are actively managed. Over the past 3 years, NERD returned 13.27%/yr vs 43.86%/yr for CHAT. Their 0.55 correlation means they have sometimes moved together and sometimes differently. NERD charges 0.50%/yr vs 0.75%/yr for CHAT.

Performance

NERD vs. CHAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Video Games ETF (NERD) 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, NERD achieves a -11.43% return, which is significantly lower than CHAT's 44.67% return.

NERD

• 1D: 0.95%
• 1M: 3.73%
• 6M: -7.81%
• YTD: -11.43%
• 1Y: -14.64%
• 3Y*: 13.27%
• 5Y*: -4.13%
• 10Y*: —
• ALL TIME*: 5.99%

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
NERD Roundhill Video Games ETF	$26.49K	$27.10K	$40.58K

NERD vs. CHAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NERD Roundhill Video Games ETF	-11.43%	23.14%	28.52%	1.20%
CHAT Roundhill Generative AI & Technology ETF	44.67%	49.85%	30.98%	21.04%

Correlation

The correlation between NERD and CHAT is 0.39, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.39
Correlation (3Y) Balances recent behavior with more history.	0.54
Correlation (All Time) Calculated using the full available price history since May 18, 2023	0.55

The correlation between NERD and CHAT shifts across timeframes, from 0.39 (1 year) to 0.55 (all time), reflecting how their relationship changes across market environments.

NERD vs. CHAT - Sectors Allocation Comparison

Sectors	NERD	CHAT
Communication Services	90.5%	15.2%
Consumer Cyclical	4.3%	2.3%
Technology	4.0%	78.9%
Industrials	1.2%	3.6%
Financial Services	0.0%	0.0%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

NERD vs. CHAT — Risk / Return Rank

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

NERD

NERD Risk / Return Rank: 5
NERD Sharpe Ratio Rank: 3
NERD Sortino Ratio Rank: 4
NERD Omega Ratio Rank: 4
NERD Calmar Ratio Rank: 6
NERD 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.

NERD vs. CHAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Video Games ETF (NERD) 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.

	NERD	CHAT	Difference
Sharpe ratio: Return per unit of total volatility	-0.71	1.94	-2.66
Sortino ratio: Return per unit of downside risk	-0.91	2.36	-3.27
Omega ratio: Gain probability vs. loss probability	0.89	1.31	-0.42
Calmar ratio: Return relative to maximum drawdown	-0.44	2.69	-3.13
Martin ratio: Return relative to average drawdown	-0.72	9.40	-10.12

NERD vs. CHAT - Sharpe Ratio Comparison

The current NERD Sharpe Ratio is -0.71, which is lower than the CHAT Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of NERD 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

NERD vs. CHAT - Drawdown Comparison

The maximum NERD drawdown since its inception was -65.58%, which is greater than CHAT's maximum drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for NERD and CHAT.

Drawdown Indicators

	NERD	CHAT	Difference
Max Drawdown Largest peak-to-trough decline	-65.58%	-31.34%	-34.24%
Max Drawdown (1Y) Largest decline over 1 year	-33.23%	-28.34%	-4.89%
Max Drawdown (3Y) Largest decline over 3 years	-33.23%	-31.34%	-1.89%
Max Drawdown (5Y) Largest decline over 5 years	-54.10%	—	—
Current Drawdown Current decline from peak	-42.55%	-18.04%	-24.51%
Average Drawdown Average peak-to-trough decline	-36.09%	-5.75%	-30.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.38%	8.09%	+12.29%

Volatility

NERD vs. CHAT - Volatility Comparison

The current volatility for Roundhill Video Games ETF (NERD) is 7.11%, while Roundhill Generative AI & Technology ETF (CHAT) has a volatility of 16.63%. This indicates that NERD 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

	NERD	CHAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.11%	16.63%	-9.52%
Volatility (6M) Calculated over the trailing 6-month period	16.02%	34.48%	-18.46%
Volatility (1Y) Calculated over the trailing 1-year period	20.62%	39.30%	-18.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.62%	32.47%	-7.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.46%	32.47%	-7.01%

NERD vs. CHAT - Expense Ratio Comparison

NERD has a 0.50% expense ratio, which is lower than CHAT's 0.75% expense ratio.

Dividends

NERD vs. CHAT - Dividend Comparison

NERD's dividend yield for the trailing twelve months is around 0.71%, less than CHAT's 1.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
CHAT Roundhill Generative AI & Technology ETF	1.97%	2.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NERD Roundhill Video Games ETF	0.71%	0.63%	1.74%	1.07%	0.69%	0.02%	1.05%	0.31%

Frequently Asked Questions

Can I hold both NERD and CHAT in my portfolio?

NERD and CHAT have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NERD or CHAT?

CHAT has higher volatility (16.63%) compared to NERD (7.11%). In terms of maximum drawdown, NERD dropped -65.58% vs CHAT's -31.34%.

Which ETF is better, NERD or CHAT?

On 3-year performance, CHAT leads with 43.86% vs 13.27% for NERD. On fees, NERD is cheaper at 0.50% per year. On volatility, NERD has been the lower-risk option at 7.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NERD or CHAT?

Over the 3-year period, CHAT has performed better with a 43.86% return vs 13.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NERD or CHAT?

NERD is cheaper with a 0.50% expense ratio, compared with 0.75% for CHAT.

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

CHAT has the higher dividend yield at 1.97%, compared with 0.71% for NERD.

What is the main difference between NERD and CHAT?

NERD is categorized as Gaming, while CHAT is Artificial Intelligence. Their fees differ too: 0.50% for NERD and 0.75% for CHAT.

Which has better risk-adjusted returns?

CHAT currently has the higher Sharpe Ratio (1.94 vs -0.71), 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.