BETZ vs. BRK-B
BETZ (Roundhill Sports Betting & iGaming ETF) is Consumer Discretionary Equities fund tracking the Roundhill Sports Betting & iGaming Index, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 5 years, BETZ returned -8.05%/yr vs 12.21%/yr for BRK-B. At a 0.38 correlation, their price movements are largely independent.
Performance
BETZ vs. BRK-B - Performance Comparison
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Returns By Period
In the year-to-date period, BETZ achieves a -8.25% return, which is significantly lower than BRK-B's -2.78% return.
BETZ
- 1D
- -1.13%
- 1M
- 4.42%
- YTD
- -8.25%
- 6M
- -8.89%
- 1Y
- -9.51%
- 3Y*
- 6.28%
- 5Y*
- -8.05%
- 10Y*
- —
BRK-B
- 1D
- -0.16%
- 1M
- 0.47%
- YTD
- -2.78%
- 6M
- -2.25%
- 1Y
- 0.79%
- 3Y*
- 13.38%
- 5Y*
- 12.21%
- 10Y*
- 13.34%
BETZ vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BETZ Roundhill Sports Betting & iGaming ETF | -8.25% | 15.75% | 10.22% | 21.17% | -42.02% | -3.91% | 65.99% |
BRK-B Berkshire Hathaway Inc. | -2.78% | 10.89% | 27.09% | 15.46% | 3.31% | 28.95% | 21.51% |
Correlation
The correlation between BETZ and BRK-B is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.38 |
Over the past year, the correlation between BETZ and BRK-B has dropped to 0.13 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.
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Return for Risk
BETZ vs. BRK-B — Risk / Return Rank
BETZ
BRK-B
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.
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 | BRK-B | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.02 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 0.08 | -0.41 |
| Martin ratioReturn relative to average drawdown | -0.54 | 0.17 | -0.72 |
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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.
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Drawdown Indicators
| BETZ | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.82% | -53.86% | -6.96% |
Max Drawdown (1Y)Largest decline over 1 year | -29.20% | -9.42% | -19.78% |
Max Drawdown (3Y)Largest decline over 3 years | -29.20% | -14.95% | -14.25% |
Max Drawdown (5Y)Largest decline over 5 years | -59.79% | -26.58% | -33.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.57% | — |
Current DrawdownCurrent decline from peak | -37.93% | -9.47% | -28.46% |
Average DrawdownAverage peak-to-trough decline | -33.81% | -11.07% | -22.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.53% | 4.57% | +12.96% |
Volatility
BETZ vs. BRK-B - Volatility Comparison
Roundhill Sports Betting & iGaming ETF (BETZ) has a higher volatility of 6.37% compared to Berkshire Hathaway Inc. (BRK-B) at 3.68%. 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.
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Volatility by Period
| BETZ | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.37% | 3.68% | +2.69% |
Volatility (6M)Calculated over the trailing 6-month period | 16.49% | 10.60% | +5.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.69% | 14.39% | +6.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.98% | 17.10% | +9.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.94% | 19.44% | +8.50% |
Dividends
BETZ vs. BRK-B - Dividend Comparison
BETZ's dividend yield for the trailing twelve months is around 4.98%, while BRK-B has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BETZ Roundhill Sports Betting & iGaming ETF | 4.98% | 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% |
Frequently Asked Questions
BETZ and BRK-B have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BETZ has higher volatility (6.37%) compared to BRK-B (3.68%). In terms of maximum drawdown, BETZ dropped -60.82% vs BRK-B's -53.86%.
BRK-B currently has the higher Sharpe Ratio (0.06 vs -0.46), 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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