ETF Evaluator:
Roundhill Generative AI & Technology ETF ()
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(as of Aug 26)
Best Performing in Technology Over the Last Year
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ETF Details
Roundhill Generative AI & Technology ETF Overview
Roundhill Generative AI & Technology ETF (CHAT) is an actively managed Sector Equity Technology exchange-traded fund (ETF). Roundhill Investments launched the ETF in 2023.
The investment seeks long-term capital appreciation.
The fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing in the equity securities of exchange-listed companies globally, including those in emerging markets, which are involved in the investment theme of artificial intelligence (AI), focused on generative AI and related technologies. Under normal circumstances, the fund will invest at least 80% of its net assets, plus borrowings for investment purposes, in equity securities of AI and Technology Companies. The fund is non-diversified.
About Roundhill Generative AI & Technology ETF (CHAT)
There are 6 members of the management team with an average tenure of 3.21 years: Michael Venuto (2023), William Hershey (2023), Charles Ragauss (2023), Qiao Duan (2023), Timothy Maloney (2023) and David Mazza (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
Roundhill Generative AI & Technology ETF has 55 securities in its portfolio. The top 10 holdings constitute 39.3% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Roundhill Generative AI & Technology ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Roundhill Generative AI & Technology ETF has 35.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 63.7% There is 35.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Roundhill Generative AI & Technology ETF has 1.0% of the portfolio in cash.
Assets Under Management
The fund has $1 billion in total assets, which is below the $3 billion average for the Technology category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
CHAT Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Roundhill Generative AI & Technology ETF expense ratio is above average compared to funds in the Technology category. Roundhill Generative AI & Technology ETF has an expense ratio of 0.75%, which is 39% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Roundhill Generative AI & Technology ETF has a portfolio turnover rate of 92%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 39% for the Technology category.
Recently, in the month of July 2026, Roundhill Generative AI & Technology ETF returned -15.1%, which earned it a grade of D, as the Technology category had an average return of -9.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Roundhill Generative AI & Technology ETF has a trailing yield of 2.02%, which is above the 0.45% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Roundhill Generative AI & Technology ETF Grades
Year to date, the ETF has returned 40.9%, 19.6 percentage points better than the category, which translates into a grade of A. The fund has returned 65.7% over the past year (grade of A) and 41.4% over the past three years (grade of A).
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CHAT Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| CHAT Return (NAV) | -15.1% | 7.4% | 65.7% | 41.4% | na | na |
| CHAT Return (Price) | -16.9% | 5.1% | 63.5% | 40.7% | na | na |
| NAV +/- Price Return | 1.813% | 2.309% | 2.137% | 0.736% | na | na |
| Technology Avg | -9.8% | 7.3% | 33.6% | 22.3% | 10.5% | 19.0% |
| CHAT Grade (NAV) | D | C | A | A | na | na |
| +/- Category (NAV) | -5.3% | 0.1% | 32.1% | 19.1% | na | na |
| CHAT Tax-Cost Ratio | na | na | 1.1% | 0.4% | na | na |
CHAT Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CHAT Return (NAV) | 40.9% | 49.8% | 30.9% | na | na | na | na | na | na | na | na |
| CHAT Return (Price) | 39.0% | 49.9% | 31.0% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.046% | 0.001% | 0.003% | na | na | na | na | na | na | na | na |
| Technology Avg | 21.3% | 23.2% | 19.9% | 43.8% | -35.8% | 16.7% | 53.3% | 37.8% | -3.2% | 33.7% | 15.0% |
| CHAT Grade (NAV) | A | A | A | na | na | na | na | na | na | na | na |
| +/- Category | 19.6% | 26.6% | 11.0% | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 2.03 |
| R-Squared: | 60% |
| Standard Deviation: | 32.9% |
| Category Risk Index: | 1.24 |
| Category Risk Rating: | High |
| Total Risk Index: | 2.68 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 2.0% |
| Total Assets: | $ 1,776 Mil |
| Share Class Assets: | $ 1,776 Mil |
| Turnover: | 92.0% |
| Expense Ratio: | 0.75% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 6 | |||
| Longest Tenure: 3.2 years | |||
| Average Tenure: 3.2 years | |||
| Managers (Year): Venuto Michael (2023), Hershey William (2023), Ragauss Charles (2023), Duan Qiao (2023), Maloney Timothy (2023), Mazza David (2023) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 55 |
| % in Top 10 Holdings: | 39.3% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 35.9% |
Portfolio Allocation |
|
| Domestic Stock: | 63.7% |
| Foreign Stock: | 35.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.6% |
| Cash: | 1.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Roundhill Investments |
| Phone Number: | 866-991-5001 |
| Website: | |
| Inception Date: | May 17, 2023 |
Expenses and Fees
| Expense Ratio (%): | 0.75% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.54% |
