SPLV vs. CHAT
SPLV (Invesco S&P 500 Low Volatility ETF) and CHAT (Roundhill Generative AI & Technology ETF) are both exchange-traded funds - SPLV is a S&P 500 fund tracking the S&P 500 Low Volatility Index, while CHAT is a Technology Equities fund actively managed by Roundhill. SPLV is passively managed, while CHAT is actively managed. Over the past 3 years, SPLV returned 8.78%/yr vs 45.11%/yr for CHAT. At a correlation of -0.04, they often move in opposite directions. SPLV charges 0.25%/yr vs 0.75%/yr for CHAT.
Performance
SPLV vs. CHAT - Performance Comparison
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Returns By Period
In the year-to-date period, SPLV achieves a 7.47% return, which is significantly lower than CHAT's 50.59% return.
SPLV
- 1D
- -0.65%
- 1M
- 2.13%
- 6M
- 6.43%
- YTD
- 7.47%
- 1Y
- 6.49%
- 3Y*
- 8.78%
- 5Y*
- 6.17%
- 10Y*
- 8.08%
CHAT
- 1D
- 1.32%
- 1M
- -4.67%
- 6M
- 44.02%
- YTD
- 50.59%
- 1Y
- 88.26%
- 3Y*
- 45.11%
- 5Y*
- —
- 10Y*
- —
SPLV vs. CHAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPLV Invesco S&P 500 Low Volatility ETF | 7.47% | 4.10% | 13.93% | 2.05% |
CHAT Roundhill Generative AI & Technology ETF | 50.59% | 49.85% | 30.98% | 21.04% |
Correlation
The correlation between SPLV and CHAT is -0.33, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since May 18, 2023 | -0.04 |
Over the past year, the inverse relationship between SPLV and CHAT has strengthened: their correlation has moved from -0.04 to -0.33, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
SPLV vs. CHAT — Risk / Return Rank
SPLV
CHAT
SPLV vs. CHAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Low Volatility ETF (SPLV) 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.
| SPLV | CHAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.37 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 5.45 | -4.57 |
| Martin ratioReturn relative to average drawdown | 2.02 | 13.66 | -11.64 |
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Drawdowns
SPLV vs. CHAT - Drawdown Comparison
The maximum SPLV drawdown since its inception was -36.26%, which is greater than CHAT's maximum drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for SPLV and CHAT.
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Drawdown Indicators
| SPLV | CHAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.26% | -31.34% | -4.92% |
Max Drawdown (1Y)Largest decline over 1 year | -7.41% | -16.28% | +8.87% |
Max Drawdown (3Y)Largest decline over 3 years | -9.64% | -31.34% | +21.70% |
Max Drawdown (5Y)Largest decline over 5 years | -17.26% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.26% | — | — |
Current DrawdownCurrent decline from peak | -1.31% | -14.68% | +13.37% |
Average DrawdownAverage peak-to-trough decline | -3.55% | -5.49% | +1.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 6.48% | -3.26% |
Volatility
SPLV vs. CHAT - Volatility Comparison
The current volatility for Invesco S&P 500 Low Volatility ETF (SPLV) is 4.19%, while Roundhill Generative AI & Technology ETF (CHAT) has a volatility of 17.34%. This indicates that SPLV 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.
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Volatility by Period
| SPLV | CHAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 17.34% | -13.15% |
Volatility (6M)Calculated over the trailing 6-month period | 7.86% | 31.91% | -24.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.52% | 36.72% | -26.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.57% | 31.72% | -19.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.40% | 31.72% | -16.32% |
SPLV vs. CHAT - Expense Ratio Comparison
SPLV has a 0.25% expense ratio, which is lower than CHAT's 0.75% expense ratio.
Dividends
SPLV vs. CHAT - Dividend Comparison
SPLV's dividend yield for the trailing twelve months is around 2.11%, more than CHAT's 1.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHAT Roundhill Generative AI & Technology ETF | 1.89% | 2.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPLV Invesco S&P 500 Low Volatility ETF | 2.11% | 2.04% | 1.88% | 2.45% | 2.11% | 1.51% | 2.12% | 2.08% | 2.18% | 2.03% | 2.03% | 2.28% |
Frequently Asked Questions
SPLV and CHAT have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CHAT has higher volatility (17.34%) compared to SPLV (4.19%). In terms of maximum drawdown, SPLV dropped -36.26% vs CHAT's -31.34%.
On 3-year performance, CHAT leads with 45.11% vs 8.78% for SPLV. On fees, SPLV is cheaper at 0.25% per year. On volatility, SPLV has been the lower-risk option at 4.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CHAT has performed better with a 45.11% return vs 8.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPLV is cheaper with a 0.25% expense ratio, compared with 0.75% for CHAT.
SPLV has the higher dividend yield at 2.11%, compared with 1.89% for CHAT.
SPLV is categorized as S&P 500, while CHAT is Technology Equities. They also come from different issuers: Invesco and Roundhill. Their fees differ too: 0.25% for SPLV and 0.75% for CHAT.
CHAT currently has the higher Sharpe Ratio (2.42 vs 0.62), 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.
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