Data as of Oct 28, 2026.
CHAT vs SMH: Differences, Returns & Fees
Over the year to Oct 28, 2026, CHAT returned +27.8% to SMH's +56.8%; 30% of their weight is in the same names.
askIQ about this page
askIQ about CHAT and SMH
Net assets: $1.7bn on Oct 28, 2026 for Roundhill Generative AI & Technology ETF, and $71.1bn on Oct 27, 2026 for VanEck Semiconductor ETF.
Pair scorecard
SMH costs 0.40 points a year less; their one-year returns differ by 29.0 points; SMH is far larger, $71.1bn against $1.7bn.
| Measure | CHAT | SMH |
|---|---|---|
| Return | ||
| Total return, 1 year | +27.8% | +56.8% |
| Drawdown | ||
| Below its all-time high | 20.0%, high on Jun 22, 2026 | 15.1%, high on Jun 22, 2026 |
| Against its benchmark | ||
| What it tracks | Artificial intelligence | Semiconductors |
| Against the S&P 500, 1 year | ahead by 14.1 pts | |
| Against its benchmark, 1 year | ahead by 14.1 pts | ahead by 43.4 pts |
| Cost and size | ||
| Expense ratio | 0.75% | 0.35% |
| Net assets, as of Oct 27, 2026 | $1.7bn | $71.1bn |
| Active share vs the S&P 500 | 71% | 81% |
| Holdings | ||
| Holdings in common | 30% | |
| Top ten holdings, share of the fund | 42% | 69% |
Holdings in common uses holdings dated Oct 27, 2026 and Oct 28, 2026. Method
Risk and return
May 26, 2023 to Oct 23, 2026 · 178 weekly returnsEach against its own benchmark: CHAT against VOO, May 26, 2023 to Oct 23, 2026; SMH against ACWI, Dec 30, 2011 to Oct 23, 2026.
SMH returned more: +262.6% to +191.7%. CHAT swung slightly less: 31.1% to 33.3%. CHAT fell less at its worst: −29.4% to −33.8%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | CHAT | SMH | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +191.7% | +262.6% | SMH | Price change plus distributions, reinvested. |
| Annualized | +36.7% | +45.7% | SMH | Total return as a yearly rate. |
| Price return | +183.6% | +257.8% | SMH | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 31.1% | 33.3% | CHAT (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 20.4% | 21.4% | CHAT (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −29.4% | −33.8% | CHAT | Deepest fall from a high to the low after it. |
| Upside capture | 276.6% | 197.3% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 146.3% | 117.1% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.77 | 1.40 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.63 | 0.63 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 1.02 | 1.16 | SMH | Return above Treasury bills per unit of volatility. |
| Sortino | 1.55 | 1.81 | SMH | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.179 | 0.192 | Return above Treasury bills per unit of beta. | |
| Calmar | 1.25 | 1.35 | SMH (slight) | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | VOO | ACWI | The ETF each fund is measured against. | |
| Alpha | +4.9% a year | +12.6% a year | CHAT not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.47 | 2.95 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −15.6% to +25.4% | +4.2% to +20.9% | CHAT includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.76 | 0.96 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 21.8% | 17.4% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 178 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, CHAT and SMH hold 30% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026 and Oct 28, 2026.
half
30% in common
Only in one fund ↓
Side by side
CHAT and SMH on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
CHAT and SMH do different jobs. What does each one do in a portfolio?
- What each follows. CHAT follows Artificial intelligence and SMH follows Semiconductors.
- Holdings in common. 30% of the weight is in the same securities (holdings dated Oct 28, 2026 and Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 CHAT returned +27.8% and SMH +56.8% with distributions reinvested, a gap of 29.0 points.
Data as of Oct 28, 2026.
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
CHAT
By weight, 56% of CHAT's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 71%. The top ten holdings are 42% of the fund across 39 positions, as published by its issuer for Oct 28, 2026. Over the year to Oct 28, 2026 the fund returned +27.8% with distributions reinvested against +13.7% for its benchmark, the S&P 500 Total Return Index, so a holder was ahead by 14.1 pts. It sits 20.0% below its all-time high of Jun 22, 2026.
SMH
By weight, 79% of SMH's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 81%. The top ten holdings are 69% of the fund across 25 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned +56.8% with distributions reinvested against +13.4% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 43.4 pts. It sits 15.1% below its all-time high of Jun 22, 2026.
Questions people ask
- Which returned more over the last year, CHAT or SMH?
- In the year to Oct 28, 2026, with distributions reinvested, CHAT returned +27.8% and SMH +56.8%.
- Which is cheaper, CHAT or SMH?
- SMH is cheaper, by 0.40 percentage points a year. That is about $40 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Cite this pageCitation, APA and Markdown
ETFIQ, CHAT against SMH, data as of Oct 28, 2026. https://etfiq.com/compare/any/chat-vs-smh
ETFIQ. (Oct 28, 2026). CHAT against SMH. Retrieved from https://etfiq.com/compare/any/chat-vs-smh
[CHAT against SMH (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/chat-vs-smh)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.