BETZ vs. BITB
Compare and contrast key facts about Roundhill Sports Betting & iGaming ETF (BETZ) and Bitwise Bitcoin ETF (BITB).
BETZ and BITB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BETZ is a passively managed fund by Roundhill Investments that tracks the performance of the Roundhill Sports Betting & iGaming Index. It was launched on Jun 4, 2020. BITB is a passively managed fund by Bitwise Asset Management that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 10, 2024. Both BETZ and BITB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BETZ vs. BITB - Performance Comparison
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BETZ vs. BITB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BETZ Roundhill Sports Betting & iGaming ETF | -14.85% | 15.75% | 16.32% |
BITB Bitwise Bitcoin ETF | -22.60% | -6.47% | 99.10% |
Returns By Period
In the year-to-date period, BETZ achieves a -14.85% return, which is significantly higher than BITB's -22.60% return.
BETZ
- 1D
- 3.13%
- 1M
- -2.55%
- YTD
- -14.85%
- 6M
- -21.76%
- 1Y
- -0.63%
- 3Y*
- 5.07%
- 5Y*
- -9.64%
- 10Y*
- —
BITB
- 1D
- 1.94%
- 1M
- 3.31%
- YTD
- -22.60%
- 6M
- -40.84%
- 1Y
- -17.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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BETZ vs. BITB - Expense Ratio Comparison
BETZ has a 0.75% expense ratio, which is higher than BITB's 0.20% expense ratio.
Return for Risk
BETZ vs. BITB — Risk / Return Rank
BETZ
BITB
BETZ vs. BITB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Sports Betting & iGaming ETF (BETZ) and Bitwise Bitcoin ETF (BITB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| BETZ | BITB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.03 | -0.40 | +0.37 |
Sortino ratioReturn per unit of downside risk | 0.13 | -0.29 | +0.42 |
Omega ratioGain probability vs. loss probability | 1.02 | 0.97 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | -0.07 | -0.39 | +0.32 |
Martin ratioReturn relative to average drawdown | -0.14 | -0.83 | +0.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BETZ | BITB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.03 | -0.40 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.35 | -0.25 |
Correlation
The correlation between BETZ and BITB is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
BETZ vs. BITB - Dividend Comparison
BETZ's dividend yield for the trailing twelve months is around 5.37%, while BITB has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BETZ Roundhill Sports Betting & iGaming ETF | 5.37% | 4.57% | 0.86% | 0.00% | 0.66% | 0.00% | 0.28% |
BITB Bitwise Bitcoin ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BETZ vs. BITB - Drawdown Comparison
The maximum BETZ drawdown since its inception was -60.82%, which is greater than BITB's maximum drawdown of -49.38%. Use the drawdown chart below to compare losses from any high point for BETZ and BITB.
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Drawdown Indicators
| BETZ | BITB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.82% | -49.38% | -11.44% |
Max Drawdown (1Y)Largest decline over 1 year | -29.20% | -49.38% | +20.18% |
Max Drawdown (5Y)Largest decline over 5 years | -60.82% | — | — |
Current DrawdownCurrent decline from peak | -42.39% | -46.08% | +3.69% |
Average DrawdownAverage peak-to-trough decline | -33.64% | -14.13% | -19.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.06% | 23.07% | -9.01% |
Volatility
BETZ vs. BITB - Volatility Comparison
The current volatility for Roundhill Sports Betting & iGaming ETF (BETZ) is 8.08%, while Bitwise Bitcoin ETF (BITB) has a volatility of 13.02%. This indicates that BETZ experiences smaller price fluctuations and is considered to be less risky than BITB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BETZ | BITB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.08% | 13.02% | -4.94% |
Volatility (6M)Calculated over the trailing 6-month period | 15.98% | 36.81% | -20.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.02% | 45.28% | -22.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.27% | 51.05% | -23.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.13% | 51.05% | -22.92% |