PSWD vs. CHAT

Last updated Jun 4, 2026

PSWD (Xtrackers Cybersecurity Select Equity ETF) and CHAT (Roundhill Generative AI & Technology ETF) are both Technology Equities funds. PSWD is passively managed, while CHAT is actively managed. Over the past year, PSWD returned 15.26% vs 144.01% for CHAT. A 0.61 correlation means they provide meaningful diversification when combined. PSWD charges 0.20%/yr vs 0.75%/yr for CHAT.

Performance

PSWD vs. CHAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Cybersecurity Select Equity ETF (PSWD) 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, PSWD achieves a 22.48% return, which is significantly lower than CHAT's 74.30% return.

PSWD

• 1D: -3.24%
• 1M: 22.87%
• YTD: 22.48%
• 6M: 16.89%
• 1Y: 15.26%
• 3Y*: —
• 5Y*: —
• 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)

PSWD vs. CHAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PSWD Xtrackers Cybersecurity Select Equity ETF	22.48%	1.69%	9.46%	18.58%
CHAT Roundhill Generative AI & Technology ETF	74.30%	49.85%	30.98%	2.28%

Correlation

The correlation between PSWD and CHAT is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (All Time) Calculated using the full available price history since Jul 14, 2023	0.61

The correlation between PSWD and CHAT shifts across timeframes, from 0.49 (1 year) to 0.61 (all time), reflecting how their relationship changes across market environments.

PSWD vs. CHAT - Sectors Allocation Comparison

Sectors	PSWD	CHAT
Technology	98.3%	76.5%
Real Estate	0.9%	-
Industrials	0.5%	0.8%
Financial Services	0.1%	0.0%
Communication Services	0.1%	16.6%
Consumer Cyclical	0.1%	5.6%
Healthcare	0.1%	-
Consumer Defensive	0.0%	-
Energy	0.0%	-
Basic Materials	0.0%	-
Utilities	0.0%	-

Return for Risk

PSWD vs. CHAT — Risk / Return Rank

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

PSWD

PSWD Risk / Return Rank: 18
PSWD Sharpe Ratio Rank: 19
PSWD Sortino Ratio Rank: 18
PSWD Omega Ratio Rank: 19
PSWD Calmar Ratio Rank: 17
PSWD Martin Ratio Rank: 16

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.

PSWD vs. CHAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Cybersecurity Select Equity ETF (PSWD) 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.

	PSWD	CHAT	Difference
Sharpe ratio: Return per unit of total volatility	0.60	4.72	-4.12
Sortino ratio: Return per unit of downside risk	0.95	4.86	-3.90
Omega ratio: Gain probability vs. loss probability	1.12	1.65	-0.53
Calmar ratio: Return relative to maximum drawdown	0.65	8.90	-8.25
Martin ratio: Return relative to average drawdown	1.47	26.26	-24.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSWD vs. CHAT - Sharpe Ratio Comparison

The current PSWD Sharpe Ratio is 0.60, which is lower than the CHAT Sharpe Ratio of 4.72. The chart below compares the historical Sharpe Ratios of PSWD 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

	PSWD	CHAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.60	4.72	-4.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	1.98	-1.21

Drawdowns

PSWD vs. CHAT - Drawdown Comparison

The maximum PSWD drawdown since its inception was -23.70%, smaller than the maximum CHAT drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for PSWD and CHAT.

Drawdown Indicators

	PSWD	CHAT	Difference
Max Drawdown Largest peak-to-trough decline	-23.70%	-31.34%	+7.64%
Max Drawdown (1Y) Largest decline over 1 year	-23.70%	-16.28%	-7.42%
Max Drawdown (3Y) Largest decline over 3 years	—	-31.34%	—
Current Drawdown Current decline from peak	-3.32%	-0.66%	-2.66%
Average Drawdown Average peak-to-trough decline	-6.46%	-5.35%	-1.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.38%	5.51%	+4.87%

Volatility

PSWD vs. CHAT - Volatility Comparison

The current volatility for Xtrackers Cybersecurity Select Equity ETF (PSWD) is 11.00%, while Roundhill Generative AI & Technology ETF (CHAT) has a volatility of 11.70%. This indicates that PSWD 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

	PSWD	CHAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.00%	11.70%	-0.70%
Volatility (6M) Calculated over the trailing 6-month period	20.87%	24.62%	-3.75%
Volatility (1Y) Calculated over the trailing 1-year period	25.46%	30.74%	-5.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.68%	29.90%	-6.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.68%	29.90%	-6.22%

PSWD vs. CHAT - Expense Ratio Comparison

PSWD has a 0.20% expense ratio, which is lower than CHAT's 0.75% expense ratio.

Dividends

PSWD vs. CHAT - Dividend Comparison

PSWD's dividend yield for the trailing twelve months is around 0.72%, less than CHAT's 1.64% yield.

Position	TTM	2025	2024	2023
CHAT Roundhill Generative AI & Technology ETF	1.64%	2.85%	0.00%	0.00%
PSWD Xtrackers Cybersecurity Select Equity ETF	0.72%	0.88%	1.49%	0.55%

Frequently Asked Questions

Can I hold both PSWD and CHAT in my portfolio?

PSWD and CHAT have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSWD or CHAT?

CHAT has higher volatility (11.70%) compared to PSWD (11.00%). In terms of maximum drawdown, PSWD dropped -23.70% vs CHAT's -31.34%.

Which ETF is better, PSWD or CHAT?

On 1-year performance, CHAT leads with 144.01% vs 15.26% for PSWD. On fees, PSWD is cheaper at 0.20% per year. On volatility, PSWD has been the lower-risk option at 11.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSWD or CHAT?

Over the 1-year period, CHAT has performed better with a 144.01% return vs 15.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSWD or CHAT?

PSWD is cheaper with a 0.20% expense ratio, compared with 0.75% for CHAT.

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

CHAT has the higher dividend yield at 1.64%, compared with 0.72% for PSWD.

What is the main difference between PSWD and CHAT?

They also come from different issuers: Xtrackers and Roundhill. Their fees differ too: 0.20% for PSWD and 0.75% for CHAT.

Which has better risk-adjusted returns?

CHAT currently has the higher Sharpe Ratio (4.72 vs 0.60), 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.