PSCT vs. CHAT

Last updated Jun 24, 2026

PSCT (Invesco S&P SmallCap Information Technology ETF) and CHAT (Roundhill Generative AI & Technology ETF) are both Technology Equities funds. PSCT is passively managed, while CHAT is actively managed. Over the past 3 years, PSCT returned 22.35%/yr vs 51.32%/yr for CHAT. A 0.73 correlation means they provide meaningful diversification when combined. PSCT charges 0.29%/yr vs 0.75%/yr for CHAT.

Performance

PSCT vs. CHAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap Information Technology ETF (PSCT) 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, PSCT achieves a 49.75% return, which is significantly lower than CHAT's 63.45% return.

PSCT

• 1D: -2.98%
• 1M: 1.89%
• YTD: 49.75%
• 6M: 45.37%
• 1Y: 89.11%
• 3Y*: 22.35%
• 5Y*: 12.33%
• 10Y*: 16.76%

CHAT

• 1D: -7.40%
• 1M: 7.27%
• YTD: 63.45%
• 6M: 62.78%
• 1Y: 115.67%
• 3Y*: 51.32%
• 5Y*: —
• 10Y*: —

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

PSCT vs. CHAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PSCT Invesco S&P SmallCap Information Technology ETF	49.75%	18.63%	-1.06%	13.02%
CHAT Roundhill Generative AI & Technology ETF	63.45%	49.85%	30.98%	21.04%

Correlation

The correlation between PSCT and CHAT is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (All Time) Calculated using the full available price history since May 18, 2023	0.73

The correlation between PSCT and CHAT has been stable across timeframes, ranging from 0.71 to 0.74 - a consistent structural relationship.

PSCT vs. CHAT - Sectors Allocation Comparison

Sectors	PSCT	CHAT
Technology	86.5%	77.8%
Industrials	5.3%	3.5%
Energy	3.7%	-
Financial Services	3.5%	0.0%
Basic Materials	-	-
Communication Services	-	16.1%
Consumer Cyclical	-	2.4%
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

PSCT vs. CHAT — Risk / Return Rank

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

PSCT

PSCT Risk / Return Rank: 86
PSCT Sharpe Ratio Rank: 89
PSCT Sortino Ratio Rank: 80
PSCT Omega Ratio Rank: 77
PSCT Calmar Ratio Rank: 92
PSCT Martin Ratio Rank: 94

CHAT

CHAT Risk / Return Rank: 89
CHAT Sharpe Ratio Rank: 94
CHAT Sortino Ratio Rank: 84
CHAT Omega Ratio Rank: 85
CHAT Calmar Ratio Rank: 95
CHAT Martin Ratio Rank: 90

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.

PSCT vs. CHAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Information Technology ETF (PSCT) 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.

	PSCT	CHAT	Difference
Sharpe ratio: Return per unit of total volatility	2.83	3.34	-0.50
Sortino ratio: Return per unit of downside risk	3.32	3.54	-0.21
Omega ratio: Gain probability vs. loss probability	1.43	1.49	-0.07
Calmar ratio: Return relative to maximum drawdown	6.05	7.14	-1.09
Martin ratio: Return relative to average drawdown	24.56	19.81	+4.75

PSCT vs. CHAT - Sharpe Ratio Comparison

The current PSCT Sharpe Ratio is 2.83, which is comparable to the CHAT Sharpe Ratio of 3.34. The chart below compares the historical Sharpe Ratios of PSCT 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

PSCT vs. CHAT - Drawdown Comparison

The maximum PSCT drawdown since its inception was -40.44%, which is greater than CHAT's maximum drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for PSCT and CHAT.

Drawdown Indicators

	PSCT	CHAT	Difference
Max Drawdown Largest peak-to-trough decline	-40.44%	-31.34%	-9.10%
Max Drawdown (1Y) Largest decline over 1 year	-14.80%	-16.28%	+1.48%
Max Drawdown (3Y) Largest decline over 3 years	-33.96%	-31.34%	-2.62%
Max Drawdown (5Y) Largest decline over 5 years	-34.80%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.44%	—	—
Current Drawdown Current decline from peak	-4.02%	-7.40%	+3.38%
Average Drawdown Average peak-to-trough decline	-7.89%	-5.38%	-2.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.64%	5.86%	-2.22%

Volatility

PSCT vs. CHAT - Volatility Comparison

The current volatility for Invesco S&P SmallCap Information Technology ETF (PSCT) is 13.89%, while Roundhill Generative AI & Technology ETF (CHAT) has a volatility of 19.25%. This indicates that PSCT 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

	PSCT	CHAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.89%	19.25%	-5.36%
Volatility (6M) Calculated over the trailing 6-month period	23.58%	29.60%	-6.02%
Volatility (1Y) Calculated over the trailing 1-year period	31.64%	34.87%	-3.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.15%	31.22%	-3.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.88%	31.22%	-4.34%

PSCT vs. CHAT - Expense Ratio Comparison

PSCT has a 0.29% expense ratio, which is lower than CHAT's 0.75% expense ratio.

Dividends

PSCT vs. CHAT - Dividend Comparison

PSCT has not paid dividends to shareholders, while CHAT's dividend yield for the trailing twelve months is around 1.74%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHAT Roundhill Generative AI & Technology ETF	1.74%	2.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PSCT Invesco S&P SmallCap Information Technology ETF	0.00%	0.02%	0.01%	0.02%	0.00%	0.01%	0.08%	0.22%	0.47%	0.19%	0.25%	0.15%

Frequently Asked Questions

Can I hold both PSCT and CHAT in my portfolio?

PSCT and CHAT have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSCT or CHAT?

CHAT has higher volatility (19.25%) compared to PSCT (13.89%). In terms of maximum drawdown, PSCT dropped -40.44% vs CHAT's -31.34%.

Which ETF is better, PSCT or CHAT?

On 3-year performance, CHAT leads with 51.32% vs 22.35% for PSCT. On fees, PSCT is cheaper at 0.29% per year. On volatility, PSCT has been the lower-risk option at 13.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSCT or CHAT?

Over the 3-year period, CHAT has performed better with a 51.32% return vs 22.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSCT or CHAT?

PSCT is cheaper with a 0.29% expense ratio, compared with 0.75% for CHAT.

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

CHAT has the higher dividend yield at 1.74%, compared with 0.00% for PSCT.

What is the main difference between PSCT and CHAT?

They also come from different issuers: Invesco and Roundhill. Their fees differ too: 0.29% for PSCT and 0.75% for CHAT.

Which has better risk-adjusted returns?

CHAT currently has the higher Sharpe Ratio (3.34 vs 2.83), 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.