SEQUX vs. CHAT

Last updated Apr 2, 2026

Compare and contrast key facts about Sequoia Fund (SEQUX) and Roundhill Generative AI & Technology ETF (CHAT).

SEQUX is managed by Sequoia. It was launched on Jul 15, 1970. CHAT is an actively managed fund by Roundhill. It was launched on May 17, 2023.

Performance

SEQUX vs. CHAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sequoia Fund (SEQUX) and Roundhill Generative AI & Technology ETF (CHAT). The values are adjusted to include any dividend payments, if applicable.

SEQUX vs. CHAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SEQUX Sequoia Fund	-11.04%	22.01%	20.77%	18.08%
CHAT Roundhill Generative AI & Technology ETF	9.04%	49.85%	30.98%	19.23%

Returns By Period

In the year-to-date period, SEQUX achieves a -11.04% return, which is significantly lower than CHAT's 9.04% return.

SEQUX

• 1D: 2.43%
• 1M: -8.69%
• YTD: -11.04%
• 6M: -11.20%
• 1Y: 3.21%
• 3Y*: 16.52%
• 5Y*: 5.74%
• 10Y*: 10.90%

CHAT

• 1D: 3.95%
• 1M: 0.86%
• YTD: 9.04%
• 6M: 5.64%
• 1Y: 87.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SEQUX vs. CHAT - Expense Ratio Comparison

SEQUX has a 1.00% expense ratio, which is higher than CHAT's 0.75% expense ratio.

SEQUX

Sequoia Fund

CHAT

Roundhill Generative AI & Technology ETF

Return for Risk

SEQUX vs. CHAT — Risk / Return Rank

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

SEQUX

SEQUX Risk / Return Rank: 9
SEQUX Sharpe Ratio Rank: 9
SEQUX Sortino Ratio Rank: 9
SEQUX Omega Ratio Rank: 9
SEQUX Calmar Ratio Rank: 9
SEQUX Martin Ratio Rank: 10

CHAT

CHAT Risk / Return Rank: 95
CHAT Sharpe Ratio Rank: 96
CHAT Sortino Ratio Rank: 95
CHAT Omega Ratio Rank: 93
CHAT Calmar Ratio Rank: 98
CHAT Martin Ratio Rank: 95

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.

SEQUX vs. CHAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sequoia Fund (SEQUX) 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.

	SEQUX	CHAT	Difference
Sharpe ratio Return per unit of total volatility	0.25	2.55	-2.30
Sortino ratio Return per unit of downside risk	0.45	3.16	-2.71
Omega ratio Gain probability vs. loss probability	1.06	1.44	-0.38
Calmar ratio Return relative to maximum drawdown	0.19	5.51	-5.32
Martin ratio Return relative to average drawdown	0.71	15.32	-14.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SEQUX vs. CHAT - Sharpe Ratio Comparison

The current SEQUX Sharpe Ratio is 0.25, which is lower than the CHAT Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of SEQUX and CHAT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SEQUX	CHAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.25	2.55	-2.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	1.33	-0.65

Correlation

The correlation between SEQUX and CHAT is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SEQUX vs. CHAT - Dividend Comparison

SEQUX's dividend yield for the trailing twelve months is around 10.92%, more than CHAT's 2.61% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SEQUX Sequoia Fund	10.92%	9.72%	4.97%	0.00%	3.09%	14.82%	13.50%	8.14%	25.71%	13.72%	18.84%	5.07%
CHAT Roundhill Generative AI & Technology ETF	2.61%	2.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

SEQUX vs. CHAT - Drawdown Comparison

The maximum SEQUX drawdown since its inception was -45.81%, which is greater than CHAT's maximum drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for SEQUX and CHAT.

Drawdown Indicators

	SEQUX	CHAT	Difference
Max Drawdown Largest peak-to-trough decline	-45.81%	-31.34%	-14.47%
Max Drawdown (1Y) Largest decline over 1 year	-16.62%	-16.28%	-0.34%
Max Drawdown (5Y) Largest decline over 5 years	-38.07%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.07%	—	—
Current Drawdown Current decline from peak	-14.59%	-3.05%	-11.54%
Average Drawdown Average peak-to-trough decline	-7.55%	-5.61%	-1.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.48%	5.86%	-1.38%

Volatility

SEQUX vs. CHAT - Volatility Comparison

The current volatility for Sequoia Fund (SEQUX) is 5.31%, while Roundhill Generative AI & Technology ETF (CHAT) has a volatility of 13.18%. This indicates that SEQUX 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

	SEQUX	CHAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.31%	13.18%	-7.87%
Volatility (6M) Calculated over the trailing 6-month period	10.83%	23.54%	-12.71%
Volatility (1Y) Calculated over the trailing 1-year period	16.36%	34.44%	-18.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.54%	29.33%	-11.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.87%	29.33%	-11.46%