CHAT vs QQQ
Roundhill Generative AI & Technology ETF vs Invesco QQQ Trust, Series 1
Which is better, CHAT or QQQ?
CHAT has been ahead.
QQQ has a lower expense ratio. CHAT led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.92. CHAT is less concentrated, with 39.5% of the fund in its ten largest positions against 46.7%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CHAT | QQQ |
|---|---|---|
| Expense Ratio | 0.75% | 0.18%Best |
| AUM | $1.8B | $506.1B |
| Dividend Yield | 1.83% | 0.42% |
| Holdings | 49 | 321 |
| YTD Return | +40.14%Best | +19.30% |
| 1Y Return | +40.03%Best | +22.47% |
| 3Y Return (annualized) | +46.62%Best | +26.18% |
| 5Y Return (annualized) | - | +15.42% |
| Volatility (annualized) | 31.4% | 17.0%Best |
| Max Drawdown | -31.3% | -22.8%Best |
| $10,000 over 3.4 years | $33,492Best | $22,000 |
| Top 10 Weight | 39.5%Best | 46.7% |
| Fund Family | Roundhill Investments | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | May 18, 2023 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 3.4 years row, are measured over the window both funds cover: May 18, 2023 to Oct 14, 2026 (3.4 years).
CHAT vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.4 years both funds cover.
CHAT vs QQQ Performance
Roundhill Generative AI & Technology ETF (CHAT) is an ETF from Roundhill Investments and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year CHAT returned +40.03% while QQQ returned +22.47%. Year to date, CHAT is up 40.14% versus a gain of 19.30% for QQQ.
Over three years, CHAT compounded at +46.62% per year against +26.18% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CHAT has been the more volatile fund, with annualized monthly volatility of 31.4% compared with 17.0% for QQQ. 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 -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CHAT charges 0.75% per year while QQQ charges 0.18%. On a $10,000 position that is $75 vs $18 annually, a gap of $57 per year that compounds over a long holding period. On income, CHAT currently yields 1.83% against 0.42% for QQQ.
Holdings Overlap
52.9% of CHAT's money is in holdings QQQ also owns. 43.2% of QQQ's money is in holdings CHAT also owns.
The two portfolios partly overlap.
17 positions in common, counted across the 44 positions we hold weights for in CHAT and 101 in QQQ, against full books of 49 and 321.
What only one of them owns
Our book lists 78 positions for QQQ that do not appear in our book for CHAT (54.0% of the fund), and 9 for CHAT that do not appear in QQQ (15.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in CHAT | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 6.89% | 8.33% | 1.44% |
| MSFTMicrosoft Corp | 3.70% | 5.76% | 2.06% |
| GOOGLAlphabet Inc | 5.28% | 3.05% | 2.23% |
| MUMicron Technology, Inc. | 3.20% | 5.02% | 1.82% |
| AMDAdvanced Micro Devices Inc | 3.31% | 4.17% | 0.86% |
| AMZNAmazon.Com Inc | 3.21% | 4.07% | 0.86% |
| METAMeta Platforms Inc | 2.47% | 3.26% | 0.79% |
| AVGOBroadcom Inc | 2.34% | 2.53% | 0.19% |
| ASML:ASASML HOLDING NV | 3.38% | 0.71% | 2.67% |
| INTCIntel Corporation | 1.42% | 2.64% | 1.22% |
52.9% of CHAT is already inside QQQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CHAT or QQQ?
CHAT has an expense ratio of 0.75% while QQQ charges 0.18%. QQQ is the cheaper option, by $57 a year on a $10,000 investment.
Which performed better, CHAT or QQQ?
Over the past year CHAT returned +40.03% vs +22.47% for QQQ, so CHAT leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CHAT or QQQ?
CHAT has been the more volatile fund at 31.4% annualized versus 17.0% for QQQ. Worst drawdown: CHAT -31.3% vs QQQ -22.8%.
Should I hold both CHAT and QQQ?
CHAT and QQQ have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between CHAT and QQQ?
52.9% of CHAT's money is in holdings QQQ also owns. 43.2% of QQQ's is in holdings CHAT also owns. They hold 17 positions in common, counted across the 44 positions we hold weights for in CHAT and 101 in QQQ.
Which pays a higher dividend, CHAT or QQQ?
CHAT yields 1.83% while QQQ yields 0.42%, so CHAT currently pays the higher dividend yield.
Is QQQ better than CHAT?
QQQ has a lower expense ratio. CHAT led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.92. CHAT is less concentrated, with 39.5% of the fund in its ten largest positions against 46.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.