We study several notions of chaos for hyperspace dynamics associated to continuous linear operators. More precisely, we consider a continuous linear operator T : X → X on a topological vector space X, and the natural hyperspace extensions T and T of T to the spaces K(X) of compact subsets of X and C(X) of convex compact subsets of X, respectively, endowed with the Vietoris topology. We show that, when X is a complete locally convex space (respectively, a locally convex space), then Devaney chaos (respectively, topological ergodicity) is equivalent for the maps T , T and T . Also, under very general conditions, we obtain analogous equivalences for Li-Yorke chaos. Finally, some remarks concerning the topological transitivity and weak mixing properties are included, extending results in [1] and [30].