CHAT vs SPY
Roundhill Generative AI & Technology ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. CHAT delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | CHAT | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.09% | |
| AUM | $1.7B | $789.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 45 | 505 | |
| YTD Return | +45.52% | +13.75% | |
| 1Y Return | +67.75% | +22.91% | |
| 3Y Return (annualized) | +47.98% | +21.67% | |
| 5Y Return (annualized) | - | +13.32% | |
| Volatility (annualized) | 31.6% | 15.3% | |
| Max Drawdown | -31.3% | -56.5% | |
| Fund Family | Roundhill Investments | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 18, 2023 | Jan 22, 1993 |
CHAT vs SPY Performance
Roundhill Generative AI & Technology ETF (CHAT) is a ETF from Roundhill Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year CHAT returned +67.75% while SPY returned +22.91%. Year to date, CHAT is up 45.52% versus a gain of 13.75% for SPY.
Over three years, CHAT compounded at +47.98% per year against +21.67% for SPY. Across the full 3-year window we track, CHAT has the edge at +47.21% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CHAT has been the more volatile fund, with annualized monthly volatility of 31.6% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -31.3% for CHAT and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CHAT charges 0.75% per year while SPY charges 0.09%. On a $10,000 position that is $75 vs $9 annually, a gap of $66 per year that compounds over a long holding period. On income, CHAT currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
CHAT and SPY share 19 holdings out of 529 unique holdings combined, representing a 26.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CHAT or SPY?
CHAT has an expense ratio of 0.75% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $66 per year of difference.
Which performed better, CHAT or SPY?
Over the past year CHAT returned +67.75% vs +22.91% for SPY, so CHAT leads on 1-year performance. Over the longest common window we track (3 years), CHAT annualized +47.21% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, CHAT or SPY?
CHAT has been the more volatile fund at 31.6% annualized versus 15.3% for SPY. Worst drawdown: CHAT -31.3% vs SPY -56.5%.
Should I hold both CHAT and SPY?
CHAT and SPY have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CHAT and SPY?
CHAT and SPY share 19 common holdings with a 26.1% weight overlap. Combined, they hold 529 unique securities.
Which pays a higher dividend, CHAT or SPY?
CHAT yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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