SCHG vs. CHAT

Last updated Jun 14, 2026

SCHG (Schwab U.S. Large-Cap Growth ETF) and CHAT (Roundhill Generative AI & Technology ETF) are both exchange-traded funds - SCHG is a Large Cap Growth Equities fund tracking the Dow Jones U.S. Large-Cap Growth Total Stock Market Index, while CHAT is a Technology Equities fund actively managed by Roundhill. SCHG is passively managed, while CHAT is actively managed. Over the past 3 years, SCHG returned 22.68%/yr vs 48.02%/yr for CHAT. Their correlation of 0.85 suggests significant overlap in exposure. SCHG charges 0.04%/yr vs 0.75%/yr for CHAT.

Performance

SCHG vs. CHAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Large-Cap Growth ETF (SCHG) 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, SCHG achieves a 2.58% return, which is significantly lower than CHAT's 57.97% return.

SCHG

• 1D: 0.12%
• 1M: -2.45%
• YTD: 2.58%
• 6M: 2.96%
• 1Y: 20.32%
• 3Y*: 22.68%
• 5Y*: 14.33%
• 10Y*: 18.50%

CHAT

• 1D: 0.77%
• 1M: 8.95%
• YTD: 57.97%
• 6M: 60.59%
• 1Y: 113.65%
• 3Y*: 48.02%
• 5Y*: —
• 10Y*: —

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

SCHG vs. CHAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SCHG Schwab U.S. Large-Cap Growth ETF	2.58%	17.50%	34.95%	22.89%
CHAT Roundhill Generative AI & Technology ETF	57.97%	49.85%	30.98%	21.04%

Correlation

The correlation between SCHG and CHAT is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (All Time) Calculated using the full available price history since May 18, 2023	0.85

The correlation between SCHG and CHAT has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.

SCHG vs. CHAT - Sectors Allocation Comparison

Sectors	SCHG	CHAT
Technology	46.7%	76.9%
Communication Services	15.3%	16.7%
Consumer Cyclical	12.4%	5.6%
Healthcare	8.4%	-
Financial Services	6.6%	0.0%
Industrials	6.0%	0.9%
Consumer Defensive	1.6%	-
Basic Materials	1.3%	-
Energy	0.7%	-
Real Estate	0.5%	-
Utilities	0.4%	-

Return for Risk

SCHG vs. CHAT — Risk / Return Rank

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

SCHG

SCHG Risk / Return Rank: 33
SCHG Sharpe Ratio Rank: 37
SCHG Sortino Ratio Rank: 35
SCHG Omega Ratio Rank: 36
SCHG Calmar Ratio Rank: 27
SCHG Martin Ratio Rank: 30

CHAT

CHAT Risk / Return Rank: 92
CHAT Sharpe Ratio Rank: 95
CHAT Sortino Ratio Rank: 89
CHAT Omega Ratio Rank: 89
CHAT Calmar Ratio Rank: 95
CHAT Martin Ratio Rank: 91

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.

SCHG vs. CHAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Large-Cap Growth ETF (SCHG) 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.

	SCHG	CHAT	Difference
Sharpe ratio: Return per unit of total volatility	1.18	3.34	-2.16
Sortino ratio: Return per unit of downside risk	1.64	3.60	-1.96
Omega ratio: Gain probability vs. loss probability	1.21	1.50	-0.29
Calmar ratio: Return relative to maximum drawdown	1.14	6.79	-5.65
Martin ratio: Return relative to average drawdown	3.78	19.03	-15.25

SCHG vs. CHAT - Sharpe Ratio Comparison

The current SCHG Sharpe Ratio is 1.18, which is lower than the CHAT Sharpe Ratio of 3.34. The chart below compares the historical Sharpe Ratios of SCHG 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

SCHG vs. CHAT - Drawdown Comparison

The maximum SCHG drawdown since its inception was -34.59%, which is greater than CHAT's maximum drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for SCHG and CHAT.

Drawdown Indicators

	SCHG	CHAT	Difference
Max Drawdown Largest peak-to-trough decline	-34.59%	-31.34%	-3.25%
Max Drawdown (1Y) Largest decline over 1 year	-16.41%	-16.28%	-0.13%
Max Drawdown (3Y) Largest decline over 3 years	-23.39%	-31.34%	+7.95%
Max Drawdown (5Y) Largest decline over 5 years	-34.59%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.59%	—	—
Current Drawdown Current decline from peak	-5.33%	-9.97%	+4.64%
Average Drawdown Average peak-to-trough decline	-5.20%	-5.39%	+0.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.96%	5.80%	-0.84%

Volatility

SCHG vs. CHAT - Volatility Comparison

The current volatility for Schwab U.S. Large-Cap Growth ETF (SCHG) is 5.14%, while Roundhill Generative AI & Technology ETF (CHAT) has a volatility of 16.40%. This indicates that SCHG 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

	SCHG	CHAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.14%	16.40%	-11.26%
Volatility (6M) Calculated over the trailing 6-month period	12.30%	28.00%	-15.70%
Volatility (1Y) Calculated over the trailing 1-year period	15.95%	33.14%	-17.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.33%	30.65%	-8.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.58%	30.65%	-9.07%

SCHG vs. CHAT - Expense Ratio Comparison

SCHG has a 0.04% expense ratio, which is lower than CHAT's 0.75% expense ratio.

Dividends

SCHG vs. CHAT - Dividend Comparison

SCHG's dividend yield for the trailing twelve months is around 0.38%, 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%
SCHG Schwab U.S. Large-Cap Growth ETF	0.38%	0.36%	0.39%	0.46%	0.55%	0.42%	0.52%	0.82%	1.27%	1.01%	1.04%	1.22%

Frequently Asked Questions

Can I hold both SCHG and CHAT in my portfolio?

SCHG and CHAT have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCHG or CHAT?

CHAT has higher volatility (16.40%) compared to SCHG (5.14%). In terms of maximum drawdown, SCHG dropped -34.59% vs CHAT's -31.34%.

Which ETF is better, SCHG or CHAT?

On 3-year performance, CHAT leads with 48.02% vs 22.68% for SCHG. On fees, SCHG is cheaper at 0.04% per year. On volatility, SCHG has been the lower-risk option at 5.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCHG or CHAT?

Over the 3-year period, CHAT has performed better with a 48.02% return vs 22.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHG or CHAT?

SCHG is cheaper with a 0.04% expense ratio, compared with 0.75% for CHAT.

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

CHAT has the higher dividend yield at 1.80%, compared with 0.38% for SCHG.

What is the main difference between SCHG and CHAT?

SCHG is categorized as Large Cap Growth Equities, while CHAT is Technology Equities. They also come from different issuers: Charles Schwab and Roundhill. Their fees differ too: 0.04% for SCHG and 0.75% for CHAT.

Which has better risk-adjusted returns?

CHAT currently has the higher Sharpe Ratio (3.34 vs 1.18), 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.