There are umpteen types of shank, for various reasons. You're probably
familiar with SDS, or Slotted Detent Shank. There's no substitute for
doing your homework on this one. Off to Google with you!
I use a 1/2" Milwaukee with a straight shank chuck -- the 'regular
electric drill" type. It's adequate up to about 1/2" in masonry, with
the advantage of having a regular (non-hammer) function as well, so I
also have a drill with gobs of torque when I need it.
However, on larger holes I've had problems of the bit spinning in the
chuck. That isn't possible with a design like SDS. I'm stuck using hex
shank bits (and in a pinch, I once ground a 7/8" bit's straight shank
into a hex shape to keep it from spinning loose, but that's too
jury-rigged for regular use.)
In other words, there are tools that will fit your specific
applications, so enjoy the shopping.