BETZ vs. BRK-B

Last updated Apr 2, 2026

Compare and contrast key facts about Roundhill Sports Betting & iGaming ETF (BETZ) and Berkshire Hathaway Inc. (BRK-B).

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.

Performance

BETZ vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Sports Betting & iGaming ETF (BETZ) and Berkshire Hathaway Inc. (BRK-B). The values are adjusted to include any dividend payments, if applicable.

BETZ vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BETZ Roundhill Sports Betting & iGaming ETF	-13.39%	15.75%	10.22%	21.17%	-42.02%	-3.91%	60.54%
BRK-B Berkshire Hathaway Inc.	-4.80%	10.89%	27.09%	15.46%	3.31%	28.95%	20.73%

Returns By Period

In the year-to-date period, BETZ achieves a -13.39% return, which is significantly lower than BRK-B's -4.80% return.

BETZ

• 1D: 1.71%
• 1M: -0.38%
• YTD: -13.39%
• 6M: -19.50%
• 1Y: 0.94%
• 3Y*: 5.67%
• 5Y*: -9.33%
• 10Y*: —

BRK-B

• 1D: -0.15%
• 1M: -0.35%
• YTD: -4.80%
• 6M: -3.95%
• 1Y: -10.22%
• 3Y*: 15.72%
• 5Y*: 13.13%
• 10Y*: 12.78%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

BETZ vs. BRK-B — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BETZ

BETZ Risk / Return Rank: 13
BETZ Sharpe Ratio Rank: 12
BETZ Sortino Ratio Rank: 13
BETZ Omega Ratio Rank: 12
BETZ Calmar Ratio Rank: 13
BETZ Martin Ratio Rank: 13

BRK-B

BRK-B Risk / Return Rank: 17
BRK-B Sharpe Ratio Rank: 16
BRK-B Sortino Ratio Rank: 16
BRK-B Omega Ratio Rank: 16
BRK-B Calmar Ratio Rank: 17
BRK-B Martin Ratio Rank: 19

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BETZ vs. BRK-B - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Sports Betting & iGaming ETF (BETZ) and Berkshire Hathaway Inc. (BRK-B). 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	BRK-B	Difference
Sharpe ratio Return per unit of total volatility	0.04	-0.56	+0.60
Sortino ratio Return per unit of downside risk	0.23	-0.65	+0.87
Omega ratio Gain probability vs. loss probability	1.03	0.91	+0.12
Calmar ratio Return relative to maximum drawdown	0.04	-0.68	+0.72
Martin ratio Return relative to average drawdown	0.08	-1.16	+1.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BETZ vs. BRK-B - Sharpe Ratio Comparison

The current BETZ Sharpe Ratio is 0.04, which is higher than the BRK-B Sharpe Ratio of -0.56. The chart below compares the historical Sharpe Ratios of BETZ and BRK-B, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BETZ	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.04	-0.56	+0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.34	0.77	-1.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.48	-0.37

Correlation

The correlation between BETZ and BRK-B is 0.40, 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. BRK-B - Dividend Comparison

BETZ's dividend yield for the trailing twelve months is around 5.28%, while BRK-B has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020
BETZ Roundhill Sports Betting & iGaming ETF	5.28%	4.57%	0.86%	0.00%	0.66%	0.00%	0.28%
BRK-B Berkshire Hathaway Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

BETZ vs. BRK-B - Drawdown Comparison

The maximum BETZ drawdown since its inception was -60.82%, which is greater than BRK-B's maximum drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for BETZ and BRK-B.

Drawdown Indicators

	BETZ	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-60.82%	-53.86%	-6.96%
Max Drawdown (1Y) Largest decline over 1 year	-29.20%	-14.95%	-14.25%
Max Drawdown (5Y) Largest decline over 5 years	-60.82%	-26.58%	-34.24%
Max Drawdown (10Y) Largest decline over 10 years	—	-29.57%	—
Current Drawdown Current decline from peak	-41.41%	-11.36%	-30.05%
Average Drawdown Average peak-to-trough decline	-33.65%	-11.07%	-22.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.15%	8.72%	+5.43%

Volatility

BETZ vs. BRK-B - Volatility Comparison

Roundhill Sports Betting & iGaming ETF (BETZ) has a higher volatility of 8.24% compared to Berkshire Hathaway Inc. (BRK-B) at 4.33%. This indicates that BETZ's price experiences larger fluctuations and is considered to be riskier than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BETZ	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.24%	4.33%	+3.91%
Volatility (6M) Calculated over the trailing 6-month period	15.73%	11.14%	+4.59%
Volatility (1Y) Calculated over the trailing 1-year period	23.04%	18.30%	+4.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.26%	17.20%	+10.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.13%	19.45%	+8.68%