TOLZ vs. CHAT

Last updated Jul 12, 2026

TOLZ (ProShares DJ Brookfield Global Infrastructure ETF) and CHAT (Roundhill Generative AI & Technology ETF) are both exchange-traded funds - TOLZ is a Industrials Equities fund tracking the Dow Jones Brookfield Global Infrastructure Composite Index, while CHAT is a Technology Equities fund actively managed by Roundhill. TOLZ is passively managed, while CHAT is actively managed. Over the past 3 years, TOLZ returned 14.29%/yr vs 48.25%/yr for CHAT. At a 0.12 correlation, their price movements are largely independent. TOLZ charges 0.46%/yr vs 0.75%/yr for CHAT.

Performance

TOLZ vs. CHAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) 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, TOLZ achieves a 12.39% return, which is significantly lower than CHAT's 55.60% return.

TOLZ

• 1D: 0.13%
• 1M: -0.70%
• 6M: 12.93%
• YTD: 12.39%
• 1Y: 17.08%
• 3Y*: 14.29%
• 5Y*: 8.58%
• 10Y*: 7.38%

CHAT

• 1D: -0.70%
• 1M: -1.50%
• 6M: 50.10%
• YTD: 55.60%
• 1Y: 95.89%
• 3Y*: 48.25%
• 5Y*: —
• 10Y*: —

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

TOLZ vs. CHAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TOLZ ProShares DJ Brookfield Global Infrastructure ETF	12.39%	14.76%	11.67%	3.00%
CHAT Roundhill Generative AI & Technology ETF	55.60%	49.85%	30.98%	21.04%

Correlation

The correlation between TOLZ and CHAT is -0.12, 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	-0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (All Time) Calculated using the full available price history since May 18, 2023	0.12

The correlation between TOLZ and CHAT shifts across timeframes, from -0.12 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.

TOLZ vs. CHAT - Sectors Allocation Comparison

Sectors	TOLZ	CHAT
Energy	35.2%	-
Utilities	24.2%	-
Real Estate	7.2%	-
Industrials	5.5%	3.5%
Consumer Defensive	4.4%	-
Financial Services	2.0%	0.0%
Consumer Cyclical	0.8%	2.6%
Technology	0.4%	75.7%
Basic Materials	-	-
Communication Services	-	17.9%
Healthcare	-	-

Return for Risk

TOLZ vs. CHAT — Risk / Return Rank

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

TOLZ

TOLZ Risk / Return Rank: 63
TOLZ Sharpe Ratio Rank: 58
TOLZ Sortino Ratio Rank: 60
TOLZ Omega Ratio Rank: 54
TOLZ Calmar Ratio Rank: 78
TOLZ Martin Ratio Rank: 65

CHAT

CHAT Risk / Return Rank: 88
CHAT Sharpe Ratio Rank: 93
CHAT Sortino Ratio Rank: 82
CHAT Omega Ratio Rank: 84
CHAT Calmar Ratio Rank: 94
CHAT Martin Ratio Rank: 88

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.

TOLZ vs. CHAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) 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.

	TOLZ	CHAT	Difference
Sharpe ratio: Return per unit of total volatility	1.58	2.61	-1.03
Sortino ratio: Return per unit of downside risk	2.29	2.91	-0.62
Omega ratio: Gain probability vs. loss probability	1.27	1.40	-0.13
Calmar ratio: Return relative to maximum drawdown	3.24	5.84	-2.60
Martin ratio: Return relative to average drawdown	9.14	14.97	-5.83

TOLZ vs. CHAT - Sharpe Ratio Comparison

The current TOLZ Sharpe Ratio is 1.58, which is lower than the CHAT Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of TOLZ 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

TOLZ vs. CHAT - Drawdown Comparison

The maximum TOLZ drawdown since its inception was -39.33%, which is greater than CHAT's maximum drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for TOLZ and CHAT.

Drawdown Indicators

	TOLZ	CHAT	Difference
Max Drawdown Largest peak-to-trough decline	-39.33%	-31.34%	-7.99%
Max Drawdown (1Y) Largest decline over 1 year	-5.18%	-16.28%	+11.10%
Max Drawdown (3Y) Largest decline over 3 years	-11.94%	-31.34%	+19.40%
Max Drawdown (5Y) Largest decline over 5 years	-21.85%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.33%	—	—
Current Drawdown Current decline from peak	-2.18%	-11.85%	+9.67%
Average Drawdown Average peak-to-trough decline	-6.60%	-5.46%	-1.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.83%	6.34%	-4.51%

Volatility

TOLZ vs. CHAT - Volatility Comparison

The current volatility for ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) is 3.68%, while Roundhill Generative AI & Technology ETF (CHAT) has a volatility of 17.98%. This indicates that TOLZ 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

	TOLZ	CHAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.68%	17.98%	-14.30%
Volatility (6M) Calculated over the trailing 6-month period	8.67%	31.59%	-22.92%
Volatility (1Y) Calculated over the trailing 1-year period	10.63%	36.41%	-25.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.02%	31.64%	-17.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.22%	31.64%	-15.42%

TOLZ vs. CHAT - Expense Ratio Comparison

TOLZ has a 0.46% expense ratio, which is lower than CHAT's 0.75% expense ratio.

Dividends

TOLZ vs. CHAT - Dividend Comparison

TOLZ's dividend yield for the trailing twelve months is around 2.97%, more than CHAT's 1.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHAT Roundhill Generative AI & Technology ETF	1.83%	2.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TOLZ ProShares DJ Brookfield Global Infrastructure ETF	2.97%	3.99%	3.53%	3.34%	3.01%	3.28%	3.16%	2.96%	3.63%	3.30%	2.62%	3.67%

Frequently Asked Questions

Can I hold both TOLZ and CHAT in my portfolio?

TOLZ and CHAT have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TOLZ or CHAT?

CHAT has higher volatility (17.98%) compared to TOLZ (3.68%). In terms of maximum drawdown, TOLZ dropped -39.33% vs CHAT's -31.34%.

Which ETF is better, TOLZ or CHAT?

On 3-year performance, CHAT leads with 48.25% vs 14.29% for TOLZ. On fees, TOLZ is cheaper at 0.46% per year. On volatility, TOLZ has been the lower-risk option at 3.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TOLZ or CHAT?

Over the 3-year period, CHAT has performed better with a 48.25% return vs 14.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TOLZ or CHAT?

TOLZ is cheaper with a 0.46% expense ratio, compared with 0.75% for CHAT.

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

TOLZ has the higher dividend yield at 2.97%, compared with 1.83% for CHAT.

What is the main difference between TOLZ and CHAT?

TOLZ is categorized as Industrials Equities, while CHAT is Technology Equities. They also come from different issuers: ProShares and Roundhill. Their fees differ too: 0.46% for TOLZ and 0.75% for CHAT.

Which has better risk-adjusted returns?

CHAT currently has the higher Sharpe Ratio (2.61 vs 1.58), 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.