TINY vs. CHAT

Last updated Jun 4, 2026

TINY (ProShares Nanotechnology ETF) and CHAT (Roundhill Generative AI & Technology ETF) are both Technology Equities funds. TINY is passively managed, while CHAT is actively managed. Over the past 3 years, TINY returned 31.25%/yr vs 55.51%/yr for CHAT. A 0.78 correlation means they provide meaningful diversification when combined. TINY charges 0.58%/yr vs 0.75%/yr for CHAT.

Performance

TINY vs. CHAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Nanotechnology ETF (TINY) 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, TINY achieves a 59.78% return, which is significantly lower than CHAT's 74.30% return.

TINY

• 1D: 2.63%
• 1M: 15.50%
• YTD: 59.78%
• 6M: 60.21%
• 1Y: 114.15%
• 3Y*: 31.25%
• 5Y*: —
• 10Y*: —

CHAT

• 1D: -0.66%
• 1M: 27.78%
• YTD: 74.30%
• 6M: 73.13%
• 1Y: 144.01%
• 3Y*: 55.51%
• 5Y*: —
• 10Y*: —

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

TINY vs. CHAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TINY ProShares Nanotechnology ETF	59.78%	19.98%	6.63%	18.39%
CHAT Roundhill Generative AI & Technology ETF	74.30%	49.85%	30.98%	19.23%

Correlation

The correlation between TINY and CHAT is 0.70, 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	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (All Time) Calculated using the full available price history since May 19, 2023	0.78

The correlation between TINY and CHAT has been stable across timeframes, ranging from 0.70 to 0.78 - a consistent structural relationship.

TINY vs. CHAT - Sectors Allocation Comparison

Sectors	TINY	CHAT
Technology	79.0%	76.5%
Healthcare	8.6%	-
Basic Materials	7.7%	-
Industrials	4.7%	0.8%
Communication Services	-	16.6%
Consumer Cyclical	-	5.6%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	0.0%
Real Estate	-	-
Utilities	-	-

Return for Risk

TINY vs. CHAT — Risk / Return Rank

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

TINY

TINY Risk / Return Rank: 90
TINY Sharpe Ratio Rank: 93
TINY Sortino Ratio Rank: 87
TINY Omega Ratio Rank: 85
TINY Calmar Ratio Rank: 93
TINY Martin Ratio Rank: 93

CHAT

CHAT Risk / Return Rank: 94
CHAT Sharpe Ratio Rank: 97
CHAT Sortino Ratio Rank: 94
CHAT Omega Ratio Rank: 93
CHAT Calmar Ratio Rank: 96
CHAT Martin Ratio Rank: 94

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.

TINY vs. CHAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Nanotechnology ETF (TINY) 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.

	TINY	CHAT	Difference
Sharpe ratio: Return per unit of total volatility	3.52	4.72	-1.20
Sortino ratio: Return per unit of downside risk	3.97	4.86	-0.88
Omega ratio: Gain probability vs. loss probability	1.52	1.65	-0.13
Calmar ratio: Return relative to maximum drawdown	6.85	8.90	-2.05
Martin ratio: Return relative to average drawdown	24.13	26.26	-2.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TINY vs. CHAT - Sharpe Ratio Comparison

The current TINY Sharpe Ratio is 3.52, which is comparable to the CHAT Sharpe Ratio of 4.72. The chart below compares the historical Sharpe Ratios of TINY 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

	TINY	CHAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.52	4.72	-1.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	1.98	-1.41

Drawdowns

TINY vs. CHAT - Drawdown Comparison

The maximum TINY drawdown since its inception was -43.79%, which is greater than CHAT's maximum drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for TINY and CHAT.

Drawdown Indicators

	TINY	CHAT	Difference
Max Drawdown Largest peak-to-trough decline	-43.79%	-31.34%	-12.45%
Max Drawdown (1Y) Largest decline over 1 year	-16.75%	-16.28%	-0.47%
Max Drawdown (3Y) Largest decline over 3 years	-42.13%	-31.34%	-10.79%
Current Drawdown Current decline from peak	0.00%	-0.66%	+0.66%
Average Drawdown Average peak-to-trough decline	-16.16%	-5.35%	-10.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.75%	5.51%	-0.76%

Volatility

TINY vs. CHAT - Volatility Comparison

ProShares Nanotechnology ETF (TINY) and Roundhill Generative AI & Technology ETF (CHAT) have volatilities of 12.04% and 11.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TINY	CHAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.04%	11.70%	+0.34%
Volatility (6M) Calculated over the trailing 6-month period	26.40%	24.62%	+1.78%
Volatility (1Y) Calculated over the trailing 1-year period	32.66%	30.74%	+1.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.37%	29.90%	+2.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.37%	29.90%	+2.47%

TINY vs. CHAT - Expense Ratio Comparison

TINY has a 0.58% expense ratio, which is lower than CHAT's 0.75% expense ratio.

Dividends

TINY vs. CHAT - Dividend Comparison

TINY's dividend yield for the trailing twelve months is around 0.18%, less than CHAT's 1.64% yield.

Position	TTM	2025	2024	2023	2022	2021
CHAT Roundhill Generative AI & Technology ETF	1.64%	2.85%	0.00%	0.00%	0.00%	0.00%
TINY ProShares Nanotechnology ETF	0.18%	0.29%	0.01%	0.35%	0.42%	0.07%

Frequently Asked Questions

Can I hold both TINY and CHAT in my portfolio?

TINY and CHAT have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TINY or CHAT?

TINY has higher volatility (12.04%) compared to CHAT (11.70%). In terms of maximum drawdown, TINY dropped -43.79% vs CHAT's -31.34%.

Which ETF is better, TINY or CHAT?

On 3-year performance, CHAT leads with 55.51% vs 31.25% for TINY. On fees, TINY is cheaper at 0.58% per year. On volatility, CHAT has been the lower-risk option at 11.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TINY or CHAT?

Over the 3-year period, CHAT has performed better with a 55.51% return vs 31.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TINY or CHAT?

TINY is cheaper with a 0.58% expense ratio, compared with 0.75% for CHAT.

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

CHAT has the higher dividend yield at 1.64%, compared with 0.18% for TINY.

What is the main difference between TINY and CHAT?

They also come from different issuers: ProShares and Roundhill. Their fees differ too: 0.58% for TINY and 0.75% for CHAT.

Which has better risk-adjusted returns?

CHAT currently has the higher Sharpe Ratio (4.72 vs 3.52), 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.