BETZ vs. CLIP
BETZ (Roundhill Sports Betting & iGaming ETF) and CLIP (Global X 1-3 Month T-Bill ETF) are both exchange-traded funds - BETZ is a Consumer Discretionary Equities fund tracking the Roundhill Sports Betting & iGaming Index, while CLIP is a Ultrashort Bond fund tracking the Solactive 1-3 month US T-Bill Index - USD. Both are passively managed. Over the past 3 years, BETZ returned 5.42%/yr vs 4.64%/yr for CLIP. At a correlation of -0.03, they often move in opposite directions. BETZ charges 0.75%/yr vs 0.07%/yr for CLIP.
Performance
BETZ vs. CLIP - Performance Comparison
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Returns By Period
In the year-to-date period, BETZ achieves a -10.44% return, which is significantly lower than CLIP's 1.71% return.
BETZ
- 1D
- -2.39%
- 1M
- 1.93%
- YTD
- -10.44%
- 6M
- -10.50%
- 1Y
- -12.49%
- 3Y*
- 5.42%
- 5Y*
- -8.72%
- 10Y*
- —
CLIP
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 1.71%
- 6M
- 1.80%
- 1Y
- 3.95%
- 3Y*
- 4.64%
- 5Y*
- —
- 10Y*
- —
BETZ vs. CLIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BETZ Roundhill Sports Betting & iGaming ETF | -10.44% | 15.75% | 10.22% | -0.44% |
CLIP Global X 1-3 Month T-Bill ETF | 1.71% | 4.23% | 5.26% | 2.82% |
Correlation
The correlation between BETZ and CLIP is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2023 | -0.03 |
The correlation between BETZ and CLIP shifts across timeframes, from -0.13 (1 year) to -0.03 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
BETZ vs. CLIP — Risk / Return Rank
BETZ
CLIP
BETZ vs. CLIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Sports Betting & iGaming ETF (BETZ) and Global X 1-3 Month T-Bill ETF (CLIP). 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 | CLIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.45 | ||
| Sortino ratioReturn per unit of downside risk | -81.60 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 26.35 | -25.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 141.67 | -142.10 |
| Martin ratioReturn relative to average drawdown | -0.71 | 1,281.30 | -1,282.01 |
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Drawdowns
BETZ vs. CLIP - Drawdown Comparison
The maximum BETZ drawdown since its inception was -60.82%, which is greater than CLIP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for BETZ and CLIP.
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Drawdown Indicators
| BETZ | CLIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.82% | -0.08% | -60.74% |
Max Drawdown (1Y)Largest decline over 1 year | -29.20% | -0.03% | -29.17% |
Max Drawdown (3Y)Largest decline over 3 years | -29.20% | -0.08% | -29.12% |
Max Drawdown (5Y)Largest decline over 5 years | -59.79% | — | — |
Current DrawdownCurrent decline from peak | -39.41% | 0.00% | -39.41% |
Average DrawdownAverage peak-to-trough decline | -33.82% | -0.00% | -33.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.59% | 0.00% | +17.59% |
Volatility
BETZ vs. CLIP - Volatility Comparison
Roundhill Sports Betting & iGaming ETF (BETZ) has a higher volatility of 6.83% compared to Global X 1-3 Month T-Bill ETF (CLIP) at 0.07%. This indicates that BETZ's price experiences larger fluctuations and is considered to be riskier than CLIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BETZ | CLIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.83% | 0.07% | +6.76% |
Volatility (6M)Calculated over the trailing 6-month period | 16.62% | 0.15% | +16.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.78% | 0.22% | +20.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.00% | 0.44% | +26.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.95% | 0.44% | +27.51% |
BETZ vs. CLIP - Expense Ratio Comparison
BETZ has a 0.75% expense ratio, which is higher than CLIP's 0.07% expense ratio.
Dividends
BETZ vs. CLIP - Dividend Comparison
BETZ's dividend yield for the trailing twelve months is around 5.11%, more than CLIP's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BETZ Roundhill Sports Betting & iGaming ETF | 5.11% | 4.57% | 0.86% | 0.00% | 0.66% | 0.00% | 0.28% |
CLIP Global X 1-3 Month T-Bill ETF | 3.90% | 4.14% | 5.11% | 2.75% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BETZ and CLIP 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 (6.83%) compared to CLIP (0.07%). In terms of maximum drawdown, BETZ dropped -60.82% vs CLIP's -0.08%.
On 3-year performance, BETZ leads with 5.42% vs 4.64% for CLIP. On fees, CLIP is cheaper at 0.07% per year. On volatility, CLIP has been the lower-risk option at 0.07%. 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 5.42% return vs 4.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CLIP is cheaper with a 0.07% expense ratio, compared with 0.75% for BETZ.
BETZ has the higher dividend yield at 5.11%, compared with 3.90% for CLIP.
BETZ is categorized as Consumer Discretionary Equities, while CLIP is Ultrashort Bond. BETZ tracks Roundhill Sports Betting & iGaming Index, while CLIP tracks Solactive 1-3 month US T-Bill Index - USD. They also come from different issuers: Roundhill Investments and Global X. Their fees differ too: 0.75% for BETZ and 0.07% for CLIP.
CLIP currently has the higher Sharpe Ratio (17.84 vs -0.60), 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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