PEP vs. CHAT

Last updated Jun 4, 2026

PEP (PepsiCo, Inc.) is a stock, while CHAT (Roundhill Generative AI & Technology ETF) is Technology Equities fund actively managed by Roundhill. Over the past 3 years, PEP returned -5.24%/yr vs 55.51%/yr for CHAT. At a correlation of -0.12, they often move in opposite directions.

Performance

PEP vs. CHAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PepsiCo, Inc. (PEP) 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, PEP achieves a 0.20% return, which is significantly lower than CHAT's 74.30% return.

PEP

• 1D: 0.38%
• 1M: -7.79%
• YTD: 0.20%
• 6M: -1.92%
• 1Y: 12.44%
• 3Y*: -5.24%
• 5Y*: 2.25%
• 10Y*: 6.45%

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)

PEP vs. CHAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PEP PepsiCo, Inc.	0.20%	-1.85%	-7.60%	-9.41%
CHAT Roundhill Generative AI & Technology ETF	74.30%	49.85%	30.98%	19.23%

Correlation

The correlation between PEP and CHAT is -0.21, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.21
Correlation (3Y) Calculated over the trailing 3-year period	-0.12
Correlation (All Time) Calculated using the full available price history since May 19, 2023	-0.12

Return for Risk

PEP vs. CHAT — Risk / Return Rank

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

PEP

PEP Risk / Return Rank: 56
PEP Sharpe Ratio Rank: 59
PEP Sortino Ratio Rank: 54
PEP Omega Ratio Rank: 51
PEP Calmar Ratio Rank: 57
PEP Martin Ratio Rank: 60

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.

PEP vs. CHAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PepsiCo, Inc. (PEP) 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.

	PEP	CHAT	Difference
Sharpe ratio: Return per unit of total volatility	0.58	4.72	-4.15
Sortino ratio: Return per unit of downside risk	1.05	4.86	-3.81
Omega ratio: Gain probability vs. loss probability	1.12	1.65	-0.54
Calmar ratio: Return relative to maximum drawdown	0.77	8.90	-8.13
Martin ratio: Return relative to average drawdown	2.12	26.26	-24.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PEP vs. CHAT - Sharpe Ratio Comparison

The current PEP Sharpe Ratio is 0.58, which is lower than the CHAT Sharpe Ratio of 4.72. The chart below compares the historical Sharpe Ratios of PEP 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

	PEP	CHAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.58	4.72	-4.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	1.98	-1.60

Drawdowns

PEP vs. CHAT - Drawdown Comparison

The maximum PEP drawdown since its inception was -73.92%, which is greater than CHAT's maximum drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for PEP and CHAT.

Drawdown Indicators

	PEP	CHAT	Difference
Max Drawdown Largest peak-to-trough decline	-73.92%	-31.34%	-42.58%
Max Drawdown (1Y) Largest decline over 1 year	-16.25%	-16.28%	+0.03%
Max Drawdown (3Y) Largest decline over 3 years	-29.17%	-31.34%	+2.17%
Max Drawdown (5Y) Largest decline over 5 years	-30.32%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-30.32%	—	—
Current Drawdown Current decline from peak	-19.58%	-0.66%	-18.92%
Average Drawdown Average peak-to-trough decline	-13.64%	-5.35%	-8.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.87%	5.51%	+0.36%

Volatility

PEP vs. CHAT - Volatility Comparison

The current volatility for PepsiCo, Inc. (PEP) is 6.35%, while Roundhill Generative AI & Technology ETF (CHAT) has a volatility of 11.70%. This indicates that PEP 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

	PEP	CHAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.35%	11.70%	-5.35%
Volatility (6M) Calculated over the trailing 6-month period	14.90%	24.62%	-9.72%
Volatility (1Y) Calculated over the trailing 1-year period	21.71%	30.74%	-9.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.38%	29.90%	-11.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.66%	29.90%	-10.24%

Dividends

PEP vs. CHAT - Dividend Comparison

PEP's dividend yield for the trailing twelve months is around 3.99%, more than CHAT's 1.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHAT Roundhill Generative AI & Technology ETF	1.64%	2.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PEP PepsiCo, Inc.	3.99%	3.92%	3.51%	2.91%	2.50%	2.45%	2.71%	2.77%	3.25%	2.64%	2.83%	2.76%

Frequently Asked Questions

Can I hold both PEP and CHAT in my portfolio?

PEP and CHAT have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PEP or CHAT?

CHAT has higher volatility (11.70%) compared to PEP (6.35%). In terms of maximum drawdown, PEP dropped -73.92% vs CHAT's -31.34%.

Which has better risk-adjusted returns?

CHAT currently has the higher Sharpe Ratio (4.72 vs 0.58), 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.