BETZ vs. DKNG
BETZ (Roundhill Sports Betting & iGaming ETF) is Consumer Discretionary Equities fund tracking the Roundhill Sports Betting & iGaming Index, while DKNG (DraftKings Inc.) is a stock. Over the past 5 years, BETZ returned -6.09%/yr vs -10.02%/yr for DKNG. A 0.69 correlation means they provide meaningful diversification when combined.
Performance
BETZ vs. DKNG - Performance Comparison
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Returns By Period
In the year-to-date period, BETZ achieves a -6.53% return, which is significantly higher than DKNG's -23.24% return.
BETZ
- 1D
- 0.62%
- 1M
- -2.63%
- 6M
- -3.30%
- YTD
- -6.53%
- 1Y
- -15.03%
- 3Y*
- 3.77%
- 5Y*
- -6.09%
- 10Y*
- —
DKNG
- 1D
- -0.09%
- 1M
- -8.79%
- 6M
- -24.34%
- YTD
- -23.24%
- 1Y
- -38.46%
- 3Y*
- -4.69%
- 5Y*
- -10.02%
- 10Y*
- —
BETZ vs. DKNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BETZ Roundhill Sports Betting & iGaming ETF | -6.53% | 15.75% | 10.22% | 21.17% | -42.02% | -3.91% | 65.99% |
DKNG DraftKings Inc. | -23.24% | -7.37% | 5.53% | 209.48% | -58.54% | -41.00% | 15.94% |
Correlation
The correlation between BETZ and DKNG is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.69 |
The correlation between BETZ and DKNG has been stable across timeframes, ranging from 0.64 to 0.72 - a consistent structural relationship.
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Return for Risk
BETZ vs. DKNG — Risk / Return Rank
BETZ
DKNG
BETZ vs. DKNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Sports Betting & iGaming ETF (BETZ) and DraftKings Inc. (DKNG). 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 | DKNG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.88 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | -0.68 | +0.16 |
| Martin ratioReturn relative to average drawdown | -0.82 | -1.02 | +0.20 |
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Drawdowns
BETZ vs. DKNG - Drawdown Comparison
The maximum BETZ drawdown since its inception was -60.82%, smaller than the maximum DKNG drawdown of -85.73%. Use the drawdown chart below to compare losses from any high point for BETZ and DKNG.
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Drawdown Indicators
| BETZ | DKNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.82% | -85.73% | +24.91% |
Max Drawdown (1Y)Largest decline over 1 year | -29.20% | -57.04% | +27.84% |
Max Drawdown (3Y)Largest decline over 3 years | -29.20% | -61.26% | +32.06% |
Max Drawdown (5Y)Largest decline over 5 years | -59.79% | -83.87% | +24.08% |
Current DrawdownCurrent decline from peak | -36.77% | -63.25% | +26.48% |
Average DrawdownAverage peak-to-trough decline | -33.86% | -49.13% | +15.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.27% | 37.60% | -19.33% |
Volatility
BETZ vs. DKNG - Volatility Comparison
The current volatility for Roundhill Sports Betting & iGaming ETF (BETZ) is 5.69%, while DraftKings Inc. (DKNG) has a volatility of 17.42%. This indicates that BETZ experiences smaller price fluctuations and is considered to be less risky than DKNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BETZ | DKNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.69% | 17.42% | -11.73% |
Volatility (6M)Calculated over the trailing 6-month period | 16.74% | 39.47% | -22.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.76% | 49.69% | -28.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.99% | 61.62% | -34.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.88% | 63.30% | -35.42% |
Dividends
BETZ vs. DKNG - Dividend Comparison
BETZ's dividend yield for the trailing twelve months is around 4.89%, while DKNG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BETZ Roundhill Sports Betting & iGaming ETF | 4.89% | 4.57% | 0.86% | 0.00% | 0.66% | 0.00% | 0.28% |
DKNG DraftKings Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BETZ and DKNG have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DKNG has higher volatility (17.42%) compared to BETZ (5.69%). In terms of maximum drawdown, BETZ dropped -60.82% vs DKNG's -85.73%.
BETZ currently has the higher Sharpe Ratio (-0.73 vs -0.78), 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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