CHAT vs XAIX: Grades, Fees and Holdings Compared

Roundhill Generative AI & Technology ETF

CHATCNYSE Arca

Xtrackers Artificial Intelligence and Big Data ETF

XAIXANasdaq

Overlap

45.9%by weight

Expense ratio

XAIX −0.40pt a year

CHAT0.75%XAIX0.35%

Avg volume · 30D

CHAT 20.8×the volume

CHAT424KXAIX20.3K

CHAT vs XAIX Performance

Oct 31, 2025 – Oct 30, 2026

+15.6%CHAT+23.2%XAIX

Expense ratio: CHAT 0.75%; XAIX 0.35%, better
Fund size: CHAT $1.6B; XAIX $150M
1Y total return: CHAT +15.6%; XAIX +23.2%, better
Yield (12M): CHAT No data; XAIX 0.41%
Holdings: CHAT 38; XAIX 102
Avg volume (30D): CHAT 424K sh, better; XAIX 20.3K sh
NAV per share: CHAT $75.84; XAIX $54.22
52W range

ETF.net Grade

Pillar letters and Scores for CHAT, XAIX, with each pillar’s weight
Pillar	CHAT	XAIX
Cost30% weight	F21	A97Higher
Mission25% weight	Not scored	A70
Risk15% weight	D35	A84Higher
Tradability15% weight	B59Higher	B57
Holdings10% weight	B59	B63Higher
Durability5% weight	A80Higher	B64

Rank among Artificial Intelligence funds

How we build Categories ›

Same Category. CHAT and XAIX are both graded against the same 30 Artificial Intelligence funds, so their Grades compare head to head.

Artificial Intelligence⁠

Category · 30 funds

See all 30 ›

XAIX ranks 1st and CHAT 21st of 30 funds in the Artificial Intelligence Category.

Rank 1AQTUMDefiance Quantum ETFScore 79
Rank 1AXAIXXtrackers Artificial Intelligence and Big Data ETFScore 79
Rank 3AARTYiShares Future AI & Tech ETFScore 72
Rank 21CBZZCorgi Drones & Urban Air Mobility ETFScore 40
Rank 21CCHATRoundhill Generative AI & Technology ETFScore 40
Rank 24DAISVistaShares Artificial Intelligence Supercycle ETFScore 39

Our read on each fund

ETF.net Research

CHATCRoundhill Generative AI & Technology ETF

XAIXAXtrackers Artificial Intelligence and Big Data ETF

In short

CHAT A concentrated, actively managed take on generative AI: roughly 50 global names chosen by a manager rather than a rules-based index. Roundhill launched it in 2023, when 'generative AI' was still a novelty in fund names.

XAIX No data

Stated mandate

CHAT The Fund seeks long-term capital appreciation through an actively managed portfolio of global exchange-listed equity companies involved in artificial intelligence, particularly generative AI and related technologies.

XAIX No data

Why people hold it

CHAT Actively managed and global (emerging markets included), so the manager can add or drop AI names as the story shifts instead of waiting on an index rebalance.roundhillinvestments.com
Concentrated by design at roughly 50 holdings, so each pick carries real weight rather than getting diluted across hundreds of tag-along tech stocks.
A multi-billion-dollar fund that trades actively, so buying or selling rarely means hunting for a counterparty.
Portfolio build and staying power land it in the upper half of a crowded AI-fund peer group.

XAIX No data

Worth knowing

CHAT The 0.75% expense ratio sits above the typical AI-fund fee; index-tracking rivals like XAIX and ARTY charge less for a similar theme.
No index to check the work against. Results ride on the manager's stock picks, not a published rulebook.
Fifty names in one fast-moving theme means concentration cuts both directions, and distributions are a once-a-year afterthought here.

XAIX No data

Full CHAT profile⁠

Full XAIX profile⁠

CHAT vs XAIX Holdings

How CHAT and XAIX differ

Overlap by weight

45.9%

Shared holdings make up 56.7% of CHAT and 50.3% of XAIX.

Level by level

Holdings16 in both45.9%
Countryby domicile85.1%
Sector8 Sectors87.0%
Asset classEquity100%

Sector

Sector weights in CHAT and XAIX, widest gap first
Sector	More in CHATMore in XAIX	CHAT	XAIX
Technology	CHAT +9.6 points	82.7%	73.1%
Communication	XAIX +4.8 points	8.2%	13.0%
Consumer Staples	XAIX +3.9 points	0.0%	3.9%
Industrials	CHAT +3.4 points	3.4%	0.0%
Financials	XAIX +3.1 points	0.0%	3.1%
Consumer Discretionary	XAIX +1.2 points	5.7%	6.9%
Health Care	Same weight	0.0%	0.0%
Energy	Same weight	0.0%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in CHAT and XAIX, widest gap first
Country	More in CHATMore in XAIX	CHAT	XAIX
United States	XAIX +11.1 points	73.3%	84.4%
Netherlands	CHAT +5.0 points	5.0%	0.0%
Japan	CHAT +5.0 points	5.8%	0.8%
Taiwan	CHAT +2.3 points	3.4%	1.1%
Germany	XAIX +2.1 points	0.0%	2.1%
France	CHAT +1.4 points	1.4%	0.0%
Canada	CHAT +1.1 points	1.2%	0.1%
China	XAIX +0.6 points	3.3%	3.9%
Other countries (3)	XAIX +1.0 points	6.6%	7.6%

Outside the US: CHAT 50% developed, 50% emerging.

Concentration

Weight in the 10 largest Holdings

CHAT46.2%
XAIX45.7%

Securities held

CHAT38
XAIX101

Asset class

CHAT: Equity
XAIX: Equity

Holdings

Only in CHAT22
In both16
Only in XAIX85

Only in CHAT

22 securities, 43.8% of CHAT by weight

ARM Holdings PLC3.27%
Cloudflare Inc3.24%
ASML Holding NV3.19%
Nebius Group NV3.12%
Lumentum Holdings Inc3.02%
Astera Labs Inc3.01%
Coherent Corp2.94%
Broadcom Inc2.88%
Taiwan Semiconductor Manufacturing Co Ltd2.80%
Space Exploration Technologies Corp2.15%
Advantest Corp2.00%
BE Semiconductor Industries NV1.97%
Super Micro Computer Inc1.53%
Cerebras Systems Inc1.49%
Celestica Inc1.46%
Datadog Inc1.39%
Marvell Technology Inc1.35%
First American Government Obligations Fund 12/01/20311.00%
Shopify Inc0.99%
MediaTek Inc0.98%
South Korea Won0.04%
Chinese Yuan<0.01%

Only in XAIX

85 securities, 49.3% of XAIX by weight

Apple Inc5.38%
Wal-Mart Stores Inc4.92%
Palantir Technologies Inc Class A3.86%
Cisco Systems Inc3.60%
Bank of America Corp3.07%
Sap SE2.58%
Alibaba Group Holding Ltd-SP ADR2.34%
Oracle Corp2.25%
International Business Machine Corp2.12%
Verizon Communications Inc1.63%
salesforce.com Inc1.60%
Accenture Ltd-Cl A1.38%
AT&T Inc1.30%
Western Digital0.99%
ServiceNow Inc0.95%
Hon Hai Precision Industry Co0.92%
Adobe Systems Inc0.85%
Intuit0.81%
Fortinet Inc0.71%
Hewlett Packard Enterprise Co0.59%
Cambricon Technologies Corporation0.40%
NEC Corp0.40%
Fujitsu Ltd0.37%
NetApp Inc0.31%
Pure Storage0.30%
Ciena Corp0.28%
Okta0.27%
MongoDB Inc0.26%
Zoom Video Communications Inc0.26%
Zscaler Inc0.26%
Hygon Information Technology Ltd A0.25%
Rubrik, Inc. - A Class0.25%
Twilio0.25%
Technology Select Sect SPDR0.21%
BT Group PLC0.19%
China Tower Corp H0.18%
NAVER Corp0.18%
CDW Corp0.16%
TCL Corp-A0.14%
F5 Networks Inc0.14%
DocuSign Inc0.12%
Nutanix0.12%
Check Point Software Technologies Ltd0.12%
Iflytek Co Ltd-A0.11%
Akamai Technologies Inc0.11%
Ionq Inc USD 0.00010.11%
Maplebear Inc0.10%
Hubspot Inc0.09%
Inspur Electronic Information A0.09%
Procore Technologies Inc0.08%

Weight gaps

All 16 Holdings in both funds, largest gap first.

Holding weights in CHAT and XAIX, widest gap first
Holding	More in CHATMore in XAIX	CHAT	XAIX
NVIDIA CorpNVDA	CHAT +3.21 points	7.83%	4.62%
Alphabet IncGOOGL	CHAT +2.34 points	5.87%	3.53%
Crowdstrike Holdings IncCRWD	CHAT +1.28 points	3.52%	2.24%
Snowflake IncSNOW	CHAT +1.26 points	2.31%	1.05%
Samsung Electronics Co Ltd	XAIX +1.05 points	2.54%	3.59%
Atlassian CorpTEAM	CHAT +1.05 points	1.43%	0.38%
Microsoft CorpMSFT	XAIX +0.83 points	5.50%	6.33%
Palo Alto Networks IncPANW	XAIX +0.69 points	1.92%	2.61%
Dell Technologies IncDELL	XAIX +0.67 points	1.75%	2.42%
Meta Platforms IncMETA	XAIX +0.65 points	4.29%	4.94%
Micron Technology IncMU	CHAT +0.64 points	4.10%	3.46%
SK hynix Inc	CHAT +0.44 points	3.25%	2.81%
Intel CorpINTC	XAIX +0.37 points	1.75%	2.12%
Arista Networks IncANET	CHAT +0.38 points	2.07%	1.69%
Amazon.com IncAMZN	CHAT +0.15 points	4.71%	4.56%
Advanced Micro Devices IncAMD	XAIX +0.08 points	3.85%	3.93%

All 52 CHAT holdings⁠All 103 XAIX holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CHAT vs XAIX Cost

Overpaying CHAT vs XAIX

$7,356

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

CHAT 0.75%
$14,482
XAIX 0.35%
$7,126

Amount$10,000

Years30 years

Cost over time

CHAT 0.75%
XAIX 0.35%
Overpaying

Year by year

Year	CHAT	XAIX	Overpaying
10	$1,336	$634	$702
20	$5,078	$2,454	$2,624
30	$14,482	$7,126	$7,356

Expense ratio

0.75%CHAT
0.35%XAIX, cheaper

XAIX0.35%CHAT0.75%

0.35%1.05%

Middle half of Artificial Intelligence funds
Median 0.65%

XAIX cheapest of 30 funds

CHAT 22nd cheapest of 30 funds

CHAT vs XAIX Dividends

Last 12 months to Oct 30, 2026

Yield (12M): CHAT No data; XAIX 0.41%
Payout (12M): CHAT No data; XAIX $0.22
Last payment: CHAT $1.68; XAIX $0.10
Ex-dividend: CHAT Dec 29, 2025; XAIX Jun 18, 2026
Paid on: CHAT Dec 30, 2025; XAIX Jun 26, 2026
Frequency: CHAT Irregular; XAIX Twice a year

Distribution history

Per share, 2024 to 2026, same scale for both

CHATIrregular · 1 paymentAll CHAT payments⁠

XAIXTwice a year · 4 paymentsAll XAIX payments⁠

CHAT vs XAIX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: CHAT 34.1%XAIX 26.1%since Sep 2024
Return per unit of riskSharpe ratio, 3 years: CHAT 1.12XAIX 0.98since Sep 2024
Worst fallMax drawdown, 5 years: CHAT −31.3%since May 2023XAIX −24.0%since Aug 2024
Market sensitivityBeta, 5 years: CHAT 1.89XAIX 1.75; Market = 1

CHAT and XAIX in the news

All news⁠

ETF Filings
Roundhill puts an AI power ETF in registration as APOW
Sep 21, 2026CHAT
Deep Dive
Two AI funds share 8% of their weight and sit 28 points apart
Sep 16, 2026CHAT

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CHAT vs XAIX

In short

Stated mandate

Why people hold it

Worth knowing

How CHAT and XAIX differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in CHAT

Only in XAIX

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Roundhill puts an AI power ETF in registration as APOW

Two AI funds share 8% of their weight and sit 28 points apart

How CHAT and XAIX differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in CHAT

Only in XAIX

Weight gaps