SOXX vs. CHAT

Last updated Jun 9, 2026

SOXX (iShares Semiconductor ETF) and CHAT (Roundhill Generative AI & Technology ETF) are both exchange-traded funds - SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index, while CHAT is a Technology Equities fund actively managed by Roundhill. SOXX is passively managed, while CHAT is actively managed. Over the past 3 years, SOXX returned 53.13%/yr vs 50.33%/yr for CHAT. Their correlation of 0.83 suggests significant overlap in exposure. SOXX charges 0.34%/yr vs 0.75%/yr for CHAT.

Performance

SOXX vs. CHAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Semiconductor ETF (SOXX) 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, SOXX achieves a 89.87% return, which is significantly higher than CHAT's 58.75% return.

SOXX

• 1D: 5.87%
• 1M: 9.83%
• YTD: 89.87%
• 6M: 83.09%
• 1Y: 164.61%
• 3Y*: 53.13%
• 5Y*: 33.00%
• 10Y*: 34.90%

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)

SOXX vs. CHAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SOXX iShares Semiconductor ETF	89.87%	40.74%	12.92%	34.46%
CHAT Roundhill Generative AI & Technology ETF	58.75%	49.85%	30.98%	21.04%

Correlation

The correlation between SOXX 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	0.83
Correlation (All Time) Calculated using the full available price history since May 18, 2023	0.83

The correlation between SOXX and CHAT has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.

SOXX vs. CHAT - Sectors Allocation Comparison

Sectors	SOXX	CHAT
Technology	100.0%	76.5%
Basic Materials	-	-
Communication Services	-	16.6%
Consumer Cyclical	-	5.6%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	0.0%
Healthcare	-	-
Industrials	-	0.8%
Real Estate	-	-
Utilities	-	-

Return for Risk

SOXX vs. CHAT — Risk / Return Rank

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

SOXX

SOXX Risk / Return Rank: 96
SOXX Sharpe Ratio Rank: 97
SOXX Sortino Ratio Rank: 94
SOXX Omega Ratio Rank: 94
SOXX Calmar Ratio Rank: 97
SOXX Martin Ratio Rank: 97

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.

SOXX vs. CHAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Semiconductor ETF (SOXX) 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.

	SOXX	CHAT	Difference
Sharpe ratio: Return per unit of total volatility	4.57	3.63	+0.93
Sortino ratio: Return per unit of downside risk	4.42	3.82	+0.60
Omega ratio: Gain probability vs. loss probability	1.64	1.54	+0.10
Calmar ratio: Return relative to maximum drawdown	10.51	7.23	+3.27
Martin ratio: Return relative to average drawdown	39.26	21.00	+18.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SOXX vs. CHAT - Sharpe Ratio Comparison

The current SOXX Sharpe Ratio is 4.57, which is comparable to the CHAT Sharpe Ratio of 3.63. The chart below compares the historical Sharpe Ratios of SOXX 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

	SOXX	CHAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.57	3.63	+0.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.04	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	1.78	-1.34

Drawdowns

SOXX vs. CHAT - Drawdown Comparison

The maximum SOXX drawdown since its inception was -70.21%, which is greater than CHAT's maximum drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for SOXX and CHAT.

Drawdown Indicators

	SOXX	CHAT	Difference
Max Drawdown Largest peak-to-trough decline	-70.21%	-31.34%	-38.87%
Max Drawdown (1Y) Largest decline over 1 year	-15.77%	-16.28%	+0.51%
Max Drawdown (3Y) Largest decline over 3 years	-41.36%	-31.34%	-10.02%
Max Drawdown (5Y) Largest decline over 5 years	-45.75%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.75%	—	—
Current Drawdown Current decline from peak	-7.18%	-9.52%	+2.34%
Average Drawdown Average peak-to-trough decline	-19.97%	-5.36%	-14.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.21%	5.60%	-1.39%

Volatility

SOXX vs. CHAT - Volatility Comparison

iShares Semiconductor ETF (SOXX) has a higher volatility of 18.43% compared to Roundhill Generative AI & Technology ETF (CHAT) at 15.95%. This indicates that SOXX's price experiences larger fluctuations and is considered to be riskier than CHAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOXX	CHAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.43%	15.95%	+2.48%
Volatility (6M) Calculated over the trailing 6-month period	30.17%	27.06%	+3.11%
Volatility (1Y) Calculated over the trailing 1-year period	36.35%	32.47%	+3.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.50%	30.45%	+6.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.66%	30.45%	+3.21%

SOXX vs. CHAT - Expense Ratio Comparison

SOXX has a 0.34% expense ratio, which is lower than CHAT's 0.75% expense ratio.

Dividends

SOXX vs. CHAT - Dividend Comparison

SOXX's dividend yield for the trailing twelve months is around 0.29%, 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%
SOXX iShares Semiconductor ETF	0.29%	0.57%	0.67%	0.78%	1.26%	0.64%	0.81%	1.23%	1.37%	0.90%	1.08%	1.29%

Frequently Asked Questions

Can I hold both SOXX and CHAT in my portfolio?

SOXX 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, SOXX or CHAT?

SOXX has higher volatility (18.43%) compared to CHAT (15.95%). In terms of maximum drawdown, SOXX dropped -70.21% vs CHAT's -31.34%.

Which ETF is better, SOXX or CHAT?

On 3-year performance, SOXX leads with 53.13% vs 50.33% for CHAT. On fees, SOXX is cheaper at 0.34% per year. On volatility, CHAT has been the lower-risk option at 15.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SOXX or CHAT?

Over the 3-year period, SOXX has performed better with a 53.13% return vs 50.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SOXX or CHAT?

SOXX is cheaper with a 0.34% expense ratio, compared with 0.75% for CHAT.

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

CHAT has the higher dividend yield at 1.80%, compared with 0.29% for SOXX.

What is the main difference between SOXX and CHAT?

SOXX is categorized as Semiconductors, while CHAT is Technology Equities. They also come from different issuers: iShares and Roundhill. Their fees differ too: 0.34% for SOXX and 0.75% for CHAT.

Which has better risk-adjusted returns?

SOXX currently has the higher Sharpe Ratio (4.57 vs 3.63), 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.