BETZ vs. BITI
BETZ (Roundhill Sports Betting & iGaming ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - BETZ is a Consumer Discretionary Equities fund tracking the Roundhill Sports Betting & iGaming Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, BETZ returned 3.15%/yr vs -31.77%/yr for BITI. Their -0.32 correlation means they have often moved in opposite directions in the past. BETZ charges 0.75%/yr vs 1.03%/yr for BITI.
Performance
BETZ vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, BETZ achieves a -8.87% return, which is significantly lower than BITI's 27.11% return.
BETZ
- 1D
- -0.58%
- 1M
- 0.36%
- 6M
- 2.90%
- YTD
- -8.87%
- 1Y
- -16.95%
- 3Y*
- 3.15%
- 5Y*
- -5.84%
- 10Y*
- —
- ALL TIME*
- 4.39%
BITI
- 1D
- 3.01%
- 1M
- -2.58%
- 6M
- 22.77%
- YTD
- 27.11%
- 1Y
- 58.64%
- 3Y*
- -31.77%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -35.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $205.48K | $310.34K | $782.30K | |
| $24.10M | $26.49M | $38.71M |
BETZ vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BETZ Roundhill Sports Betting & iGaming ETF | -8.87% | 15.75% | 10.22% | 21.17% | -0.22% |
BITI ProShares Short Bitcoin ETF | 27.11% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between BETZ and BITI is -0.25, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.25 |
Correlation (3Y) Balances recent behavior with more history. | -0.28 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.32 |
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Return for Risk
BETZ vs. BITI — Risk / Return Rank
BETZ
BITI
BETZ vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Sports Betting & iGaming ETF (BETZ) and ProShares Short Bitcoin ETF (BITI). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BETZ | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.28 | ||
| Sortino ratioReturn per unit of downside risk | -3.11 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.24 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | 2.53 | -3.14 |
| Martin ratioReturn relative to average drawdown | -0.93 | 6.17 | -7.10 |
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Drawdowns
BETZ vs. BITI - Drawdown Comparison
The maximum BETZ drawdown since its inception was -60.82%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for BETZ and BITI.
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Drawdown Indicators
| BETZ | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.82% | -92.16% | +31.34% |
Max Drawdown (1Y)Largest decline over 1 year | -29.20% | -25.28% | -3.92% |
Max Drawdown (3Y)Largest decline over 3 years | -29.20% | -84.63% | +55.43% |
Max Drawdown (5Y)Largest decline over 5 years | -59.79% | — | — |
Current DrawdownCurrent decline from peak | -38.35% | -86.12% | +47.77% |
Average DrawdownAverage peak-to-trough decline | -33.89% | -68.59% | +34.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.92% | 10.35% | +8.57% |
Volatility
BETZ vs. BITI - Volatility Comparison
The current volatility for Roundhill Sports Betting & iGaming ETF (BETZ) is 5.96%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 9.13%. This indicates that BETZ experiences smaller price fluctuations and is considered to be less risky than BITI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BETZ | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.96% | 9.13% | -3.17% |
Volatility (6M)Calculated over the trailing 6-month period | 17.04% | 33.31% | -16.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.17% | 44.23% | -23.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.97% | 52.03% | -25.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.85% | 52.03% | -24.18% |
BETZ vs. BITI - Expense Ratio Comparison
BETZ has a 0.75% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
BETZ vs. BITI - Dividend Comparison
BETZ's dividend yield for the trailing twelve months is around 5.02%, less than BITI's 15.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BETZ Roundhill Sports Betting & iGaming ETF | 5.02% | 4.57% | 0.86% | 0.00% | 0.66% | 0.00% | 0.28% |
BITI ProShares Short Bitcoin ETF | 15.17% | 1.60% | 3.91% | 3.33% | 0.06% | 0.00% | 0.00% |
Frequently Asked Questions
BETZ and BITI have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITI has higher volatility (9.13%) compared to BETZ (5.96%). In terms of maximum drawdown, BETZ dropped -60.82% vs BITI's -92.16%.
On 3-year performance, BETZ leads with 3.15% vs -31.77% for BITI. On fees, BETZ is cheaper at 0.75% per year. On volatility, BETZ has been the lower-risk option at 5.96%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BETZ has performed better with a 3.15% return vs -31.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BETZ is cheaper with a 0.75% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 15.17%, compared with 5.02% for BETZ.
BETZ is categorized as Consumer Discretionary Equities, while BITI is Cryptocurrency. BETZ tracks Roundhill Sports Betting & iGaming Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: Roundhill and ProShares. Their fees differ too: 0.75% for BETZ and 1.03% for BITI.
BITI currently has the higher Sharpe Ratio (1.45 vs -0.83), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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