QQQ vs. CHAT

Last updated Jun 9, 2026

QQQ (Invesco QQQ ETF) and CHAT (Roundhill Generative AI & Technology ETF) are both exchange-traded funds - QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while CHAT is a Technology Equities fund actively managed by Roundhill. QQQ is passively managed, while CHAT is actively managed. Over the past 3 years, QQQ returned 27.15%/yr vs 50.33%/yr for CHAT. Their correlation of 0.88 suggests significant overlap in exposure. QQQ charges 0.18%/yr vs 0.75%/yr for CHAT.

Performance

QQQ vs. CHAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco QQQ ETF (QQQ) 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, QQQ achieves a 16.71% return, which is significantly lower than CHAT's 58.75% return.

QQQ

• 1D: 1.56%
• 1M: 0.68%
• YTD: 16.71%
• 6M: 15.00%
• 1Y: 35.78%
• 3Y*: 27.15%
• 5Y*: 16.98%
• 10Y*: 21.59%

CHAT

• 1D: 3.25%
• 1M: 8.61%
• YTD: 58.75%
• 6M: 54.05%
• 1Y: 117.08%
• 3Y*: 50.33%
• 5Y*: —
• 10Y*: —

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

QQQ vs. CHAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
QQQ Invesco QQQ ETF	16.71%	20.77%	25.58%	24.34%
CHAT Roundhill Generative AI & Technology ETF	58.75%	49.85%	30.98%	21.04%

Correlation

The correlation between QQQ and CHAT is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (All Time) Calculated using the full available price history since May 18, 2023	0.88

The correlation between QQQ and CHAT has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.

QQQ vs. CHAT - Sectors Allocation Comparison

Sectors	QQQ	CHAT
Technology	53.8%	76.5%
Communication Services	15.8%	16.6%
Consumer Cyclical	12.3%	5.6%
Consumer Defensive	7.7%	-
Healthcare	4.2%	-
Industrials	2.8%	0.8%
Utilities	1.4%	-
Basic Materials	1.1%	-
Energy	0.6%	-
Financial Services	0.2%	0.0%
Real Estate	0.1%	-

Return for Risk

QQQ vs. CHAT — Risk / Return Rank

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

QQQ

QQQ Risk / Return Rank: 69
QQQ Sharpe Ratio Rank: 74
QQQ Sortino Ratio Rank: 67
QQQ Omega Ratio Rank: 70
QQQ Calmar Ratio Rank: 66
QQQ Martin Ratio Rank: 68

CHAT

CHAT Risk / Return Rank: 93
CHAT Sharpe Ratio Rank: 96
CHAT Sortino Ratio Rank: 90
CHAT Omega Ratio Rank: 91
CHAT Calmar Ratio Rank: 95
CHAT Martin Ratio Rank: 92

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.

QQQ vs. CHAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) 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.

	QQQ	CHAT	Difference
Sharpe ratio: Return per unit of total volatility	2.15	3.63	-1.48
Sortino ratio: Return per unit of downside risk	2.77	3.82	-1.05
Omega ratio: Gain probability vs. loss probability	1.38	1.54	-0.16
Calmar ratio: Return relative to maximum drawdown	3.00	7.23	-4.23
Martin ratio: Return relative to average drawdown	11.43	21.00	-9.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQ vs. CHAT - Sharpe Ratio Comparison

The current QQQ Sharpe Ratio is 2.15, which is lower than the CHAT Sharpe Ratio of 3.63. The chart below compares the historical Sharpe Ratios of QQQ 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

	QQQ	CHAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	3.63	-1.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.97	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	1.78	-1.37

Drawdowns

QQQ vs. CHAT - Drawdown Comparison

The maximum QQQ drawdown since its inception was -82.97%, which is greater than CHAT's maximum drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for QQQ and CHAT.

Drawdown Indicators

	QQQ	CHAT	Difference
Max Drawdown Largest peak-to-trough decline	-82.97%	-31.34%	-51.63%
Max Drawdown (1Y) Largest decline over 1 year	-11.96%	-16.28%	+4.32%
Max Drawdown (3Y) Largest decline over 3 years	-22.77%	-31.34%	+8.57%
Max Drawdown (5Y) Largest decline over 5 years	-35.12%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.12%	—	—
Current Drawdown Current decline from peak	-4.03%	-9.52%	+5.49%
Average Drawdown Average peak-to-trough decline	-32.77%	-5.36%	-27.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.14%	5.60%	-2.46%

Volatility

QQQ vs. CHAT - Volatility Comparison

The current volatility for Invesco QQQ ETF (QQQ) is 6.84%, while Roundhill Generative AI & Technology ETF (CHAT) has a volatility of 15.95%. This indicates that QQQ 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

	QQQ	CHAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.84%	15.95%	-9.11%
Volatility (6M) Calculated over the trailing 6-month period	13.20%	27.06%	-13.86%
Volatility (1Y) Calculated over the trailing 1-year period	16.74%	32.47%	-15.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.49%	30.45%	-7.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.36%	30.45%	-8.09%

QQQ vs. CHAT - Expense Ratio Comparison

QQQ has a 0.18% expense ratio, which is lower than CHAT's 0.75% expense ratio.

Dividends

QQQ vs. CHAT - Dividend Comparison

QQQ's dividend yield for the trailing twelve months is around 0.39%, less than CHAT's 1.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHAT Roundhill Generative AI & Technology ETF	1.80%	2.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQ Invesco QQQ ETF	0.39%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Frequently Asked Questions

Can I hold both QQQ and CHAT in my portfolio?

QQQ and CHAT have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQQ or CHAT?

CHAT has higher volatility (15.95%) compared to QQQ (6.84%). In terms of maximum drawdown, QQQ dropped -82.97% vs CHAT's -31.34%.

Which ETF is better, QQQ or CHAT?

On 3-year performance, CHAT leads with 50.33% vs 27.15% for QQQ. On fees, QQQ is cheaper at 0.18% per year. On volatility, QQQ has been the lower-risk option at 6.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQ or CHAT?

Over the 3-year period, CHAT has performed better with a 50.33% return vs 27.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQ or CHAT?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.75% for CHAT.

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

CHAT has the higher dividend yield at 1.80%, compared with 0.39% for QQQ.

What is the main difference between QQQ and CHAT?

QQQ is categorized as Nasdaq-100, while CHAT is Technology Equities. They also come from different issuers: Invesco and Roundhill. Their fees differ too: 0.18% for QQQ and 0.75% for CHAT.

Which has better risk-adjusted returns?

CHAT currently has the higher Sharpe Ratio (3.63 vs 2.15), 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.