THNQ returned 4.5% over three months; CHAT fell 6.2%

The ROBO Global Artificial Intelligence ETF (THNQ) returned about 4.5% over the past three months, while Roundhill's Generative AI & Technology ETF (CHAT) fell 6.2%. ETF Trends published the comparison Oct. 16.

The two funds sit seven basis points apart on price: 68 basis points for THNQ, which launched in 2020, and 75 for CHAT, which launched in 2023. Year to date, per ETF Database data cited in the comparison, THNQ has returned 45% against CHAT's 41.3%.

CHAT runs an active book of 25 to 50 companies, each required to derive at least 50% of revenue from areas including AI, semiconductors, and cloud and network infrastructure. Its largest holdings are Nvidia (NVDA), Google (GOOGL) and Microsoft (MSFT), all of which the comparison notes already heavily dominate the S&P 500.

THNQ's average weighted market capitalization is less than half CHAT's, which the comparison attributes to deeper exposure to downstream AI players. THNQ tracks the ROBO Global Artificial Intelligence Index, a passive selection of global stocks drawn from a proprietary database. The index sorts companies into infrastructure or applications and services, then into subcategories including eCommerce, network and security, and semiconductors. Its largest names are Everpure, Inc. (P), Datadog Inc (DDOG) and Global Unichip Corp (3443).

The comparison discloses that VettaFi, the index provider for THNQ, receives an index licensing fee. Return data are from ETF Database.