BETZ vs. DBE
BETZ (Roundhill Sports Betting & iGaming ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - BETZ is a Consumer Discretionary Equities fund tracking the Roundhill Sports Betting & iGaming Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 5 years, BETZ returned -8.90%/yr vs 19.66%/yr for DBE. At a 0.11 correlation, their price movements are largely independent. BETZ charges 0.75%/yr vs 0.78%/yr for DBE.
Performance
BETZ vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, BETZ achieves a -10.38% return, which is significantly lower than DBE's 83.68% return.
BETZ
- 1D
- -1.20%
- 1M
- -1.15%
- YTD
- -10.38%
- 6M
- -8.91%
- 1Y
- -6.17%
- 3Y*
- 4.93%
- 5Y*
- -8.90%
- 10Y*
- —
DBE
- 1D
- 2.33%
- 1M
- -5.45%
- YTD
- 83.68%
- 6M
- 74.95%
- 1Y
- 84.41%
- 3Y*
- 23.42%
- 5Y*
- 19.66%
- 10Y*
- 12.03%
BETZ vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BETZ Roundhill Sports Betting & iGaming ETF | -10.38% | 15.75% | 10.22% | 21.17% | -42.02% | -3.91% | 60.54% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | 19.12% |
Correlation
The correlation between BETZ and DBE is -0.24, 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 | -0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2020 | 0.11 |
The correlation between BETZ and DBE shifts across timeframes, from -0.24 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BETZ vs. DBE — Risk / Return Rank
BETZ
DBE
BETZ vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Sports Betting & iGaming ETF (BETZ) and Invesco DB Energy Fund (DBE). 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 | DBE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.30 | 2.43 | -2.73 |
Sortino ratioReturn per unit of downside risk | -0.29 | 2.96 | -3.24 |
Omega ratioGain probability vs. loss probability | 0.97 | 1.40 | -0.43 |
Calmar ratioReturn relative to maximum drawdown | -0.21 | 5.89 | -6.10 |
Martin ratioReturn relative to average drawdown | -0.36 | 11.53 | -11.89 |
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 | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.30 | 2.43 | -2.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | 0.67 | -1.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.09 | +0.04 |
Drawdowns
BETZ vs. DBE - Drawdown Comparison
The maximum BETZ drawdown since its inception was -60.82%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for BETZ and DBE.
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Drawdown Indicators
| BETZ | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.82% | -86.69% | +25.87% |
Max Drawdown (1Y)Largest decline over 1 year | -29.20% | -14.41% | -14.79% |
Max Drawdown (3Y)Largest decline over 3 years | -29.20% | -23.89% | -5.31% |
Max Drawdown (5Y)Largest decline over 5 years | -60.35% | -38.74% | -21.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -39.37% | -30.27% | -9.10% |
Average DrawdownAverage peak-to-trough decline | -33.81% | -57.31% | +23.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.99% | 7.35% | +9.64% |
Volatility
BETZ vs. DBE - Volatility Comparison
The current volatility for Roundhill Sports Betting & iGaming ETF (BETZ) is 5.29%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that BETZ experiences smaller price fluctuations and is considered to be less risky than DBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BETZ | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 12.95% | -7.66% |
Volatility (6M)Calculated over the trailing 6-month period | 15.81% | 30.86% | -15.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.49% | 34.97% | -14.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.94% | 29.39% | -2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.94% | 28.33% | -0.39% |
BETZ vs. DBE - Expense Ratio Comparison
BETZ has a 0.75% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
BETZ vs. DBE - Dividend Comparison
BETZ's dividend yield for the trailing twelve months is around 5.10%, more than DBE's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BETZ Roundhill Sports Betting & iGaming ETF | 5.10% | 4.57% | 0.86% | 0.00% | 0.66% | 0.00% | 0.28% | 0.00% | 0.00% |
DBE Invesco DB Energy Fund | 2.10% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
Frequently Asked Questions
BETZ and DBE have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (12.95%) compared to BETZ (5.29%). In terms of maximum drawdown, BETZ dropped -60.82% vs DBE's -86.69%.
On 5-year performance, DBE leads with 19.66% vs -8.90% for BETZ. On fees, BETZ is cheaper at 0.75% per year. On volatility, BETZ has been the lower-risk option at 5.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DBE has performed better with a 19.66% return vs -8.90%. 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 0.78% for DBE.
BETZ has the higher dividend yield at 5.10%, compared with 2.10% for DBE.
BETZ is categorized as Consumer Discretionary Equities, while DBE is Oil & Gas. BETZ tracks Roundhill Sports Betting & iGaming Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Roundhill Investments and Invesco. Their fees differ too: 0.75% for BETZ and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (2.43 vs -0.30), 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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