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BETZ vs. FDIS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BETZ vs. FDIS

Last updated Aug 2, 2026
Documentation

BETZ (Roundhill Sports Betting & iGaming ETF) and FDIS (Fidelity MSCI Consumer Discretionary Index ETF) are both Consumer Discretionary Equities funds - BETZ tracks the Roundhill Sports Betting & iGaming Index while FDIS tracks the MSCI USA IMI Consumer Discretionary 25/50 Index. Both are passively managed. Over the past 5 years, BETZ returned -5.84%/yr vs 5.36%/yr for FDIS. Their 0.70 correlation means they have sometimes moved together and sometimes differently. BETZ charges 0.75%/yr vs 0.08%/yr for FDIS.

Performance

BETZ vs. FDIS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Sports Betting & iGaming ETF (BETZ) and Fidelity MSCI Consumer Discretionary Index ETF (FDIS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BETZ achieves a -8.87% return, which is significantly lower than FDIS's -0.23% return.

BETZ

1D
-0.58%
1M
0.36%
6M
2.90%
YTD
-8.87%
1Y
-16.95%
3Y*
3.15%
5Y*
-5.84%
10Y*
—
ALL TIME*
4.39%

FDIS

1D
2.63%
1M
-1.18%
6M
-1.58%
YTD
-0.23%
1Y
9.49%
3Y*
11.49%
5Y*
5.36%
10Y*
13.50%
ALL TIME*
12.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

BETZ

Roundhill Sports Betting & iGaming ETF
$205.48K$310.34K$782.30K

FDIS

Fidelity MSCI Consumer Discretionary Index ETF
$8.73M$7.77M$9.21M

BETZ vs. FDIS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
BETZ
Roundhill Sports Betting & iGaming ETF		-8.87%15.75%10.22%21.17%-42.02%-3.91%65.99%
FDIS
Fidelity MSCI Consumer Discretionary Index ETF		-0.23%5.67%24.43%40.48%-35.23%24.25%40.60%

Correlation

The correlation between BETZ and FDIS is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.51

Correlation (3Y)
Balances recent behavior with more history.

0.62

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.69

Correlation (All Time)
Calculated using the full available price history since Jun 4, 2020

0.70

The correlation between BETZ and FDIS shifts across timeframes, from 0.51 (1 year) to 0.70 (all time), reflecting how their relationship changes across market environments.

BETZ vs. FDIS - Sectors Allocation Comparison

Sectors
BETZ
FDIS

Consumer Cyclical

77.1%
96.2%

Technology

8.6%
1.0%

Communication Services

3.9%
0.3%

Industrials

2.8%
1.1%

Financial Services

0.0%
0.1%

Basic Materials

-

-

Consumer Defensive

-

1.2%

Energy

-

-

Healthcare

-

0.1%

Real Estate

-

0.1%

Utilities

-

-

Consumer Cyclical

BETZ
77.1%
FDIS
96.2%

Technology

BETZ
8.6%
FDIS
1.0%

Communication Services

BETZ
3.9%
FDIS
0.3%

Industrials

BETZ
2.8%
FDIS
1.1%

Financial Services

BETZ
0.0%
FDIS
0.1%

Basic Materials

BETZ

-

FDIS

-

Consumer Defensive

BETZ

-

FDIS
1.2%

Energy

BETZ

-

FDIS

-

Healthcare

BETZ

-

FDIS
0.1%

Real Estate

BETZ

-

FDIS
0.1%

Utilities

BETZ

-

FDIS

-

Compare stocks, funds, or ETFs

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Roundhill Sports Betting & iGaming ETF

Fidelity MSCI Consumer Discretionary Index ETF

Often compared with BETZ:
BETZ vs. ODDSBETZ vs. MGMBETZ vs. HTECBETZ vs. SPYBETZ vs. QQQBETZ vs. BRK-BBETZ vs. SSO
Often compared with FDIS:
FDIS vs. VCRFDIS vs. XLYFDIS vs. VOOFDIS vs. XRTFDIS vs. IYCFDIS vs. IEDIFDIS vs. PSCD

Return for Risk

BETZ vs. FDIS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
BETZ
BETZ Risk / Return Rank: 44
Overall Rank
BETZ Sharpe Ratio Rank: 33
Sharpe Ratio Rank
BETZ Sortino Ratio Rank: 33
Sortino Ratio Rank
BETZ Omega Ratio Rank: 33
Omega Ratio Rank
BETZ Calmar Ratio Rank: 44
Calmar Ratio Rank
BETZ Martin Ratio Rank: 55
Martin Ratio Rank
FDIS
FDIS Risk / Return Rank: 1919
Overall Rank
FDIS Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
FDIS Sortino Ratio Rank: 1818
Sortino Ratio Rank
FDIS Omega Ratio Rank: 1818
Omega Ratio Rank
FDIS Calmar Ratio Rank: 1818
Calmar Ratio Rank
FDIS Martin Ratio Rank: 2020
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BETZ vs. FDIS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Sports Betting & iGaming ETF (BETZ) and Fidelity MSCI Consumer Discretionary Index ETF (FDIS). 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.

BETZFDISDifference
Sharpe ratioReturn per unit of total volatility
-0.83
0.34

-1.17

Sortino ratioReturn per unit of downside risk
-1.09
0.61

-1.70

Omega ratioGain probability vs. loss probability

0.88

1.07

-0.19

Calmar ratioReturn relative to maximum drawdown

-0.60

0.43

-1.03

Martin ratioReturn relative to average drawdown

-0.93

1.24

-2.16

BETZ vs. FDIS - Sharpe Ratio Comparison

The current BETZ Sharpe Ratio is -0.83, which is lower than the FDIS Sharpe Ratio of 0.34. The chart below compares the historical Sharpe Ratios of BETZ and FDIS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

BETZ vs. FDIS - Drawdown Comparison

The maximum BETZ drawdown since its inception was -60.82%, which is greater than FDIS's maximum drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for BETZ and FDIS.

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Drawdown Indicators

BETZFDISDifference

Max Drawdown

Largest peak-to-trough decline

-60.82%

-39.16%

-21.66%

Max Drawdown (1Y)

Largest decline over 1 year

-29.20%

-15.50%

-13.70%

Max Drawdown (3Y)

Largest decline over 3 years

-29.20%

-27.43%

-1.77%

Max Drawdown (5Y)

Largest decline over 5 years

-59.79%

-39.16%

-20.63%

Max Drawdown (10Y)

Largest decline over 10 years

—

-39.16%

—

Current Drawdown

Current decline from peak

-38.35%

-4.81%

-33.54%

Average Drawdown

Average peak-to-trough decline

-33.89%

-7.47%

-26.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

18.92%

5.36%

+13.56%

Volatility

BETZ vs. FDIS - Volatility Comparison

The current volatility for Roundhill Sports Betting & iGaming ETF (BETZ) is 5.96%, while Fidelity MSCI Consumer Discretionary Index ETF (FDIS) has a volatility of 6.64%. This indicates that BETZ experiences smaller price fluctuations and is considered to be less risky than FDIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BETZFDISDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.96%

6.64%

-0.68%

Volatility (6M)

Calculated over the trailing 6-month period

17.04%

14.66%

+2.38%

Volatility (1Y)

Calculated over the trailing 1-year period

21.17%

19.43%

+1.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

26.97%

24.09%

+2.88%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.85%

22.39%

+5.46%

BETZ vs. FDIS - Expense Ratio Comparison

BETZ has a 0.75% expense ratio, which is higher than FDIS's 0.08% expense ratio.

Dividends

BETZ vs. FDIS - Dividend Comparison

BETZ's dividend yield for the trailing twelve months is around 5.02%, more than FDIS's 0.73% yield.

PositionTTM20252024202320222021202020192018201720162015
BETZ
Roundhill Sports Betting & iGaming ETF		5.02%4.57%0.86%0.00%0.66%0.00%0.28%0.00%0.00%0.00%0.00%0.00%
FDIS
Fidelity MSCI Consumer Discretionary Index ETF		0.73%0.75%0.69%0.78%1.00%0.58%0.59%1.14%1.29%1.00%1.62%1.25%

Frequently Asked Questions

BETZ and FDIS have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FDIS has higher volatility (6.64%) compared to BETZ (5.96%). In terms of maximum drawdown, BETZ dropped -60.82% vs FDIS's -39.16%.

On 5-year performance, FDIS leads with 5.36% vs -5.84% for BETZ. On fees, FDIS is cheaper at 0.08% per year. On volatility, BETZ has been the lower-risk option at 5.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, FDIS has performed better with a 5.36% return vs -5.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FDIS is cheaper with a 0.08% expense ratio, compared with 0.75% for BETZ.

BETZ has the higher dividend yield at 5.02%, compared with 0.73% for FDIS.

BETZ tracks Roundhill Sports Betting & iGaming Index, while FDIS tracks MSCI USA IMI Consumer Discretionary 25/50 Index. They also come from different issuers: Roundhill and Fidelity. Their fees differ too: 0.75% for BETZ and 0.08% for FDIS.

FDIS currently has the higher Sharpe Ratio (0.34 vs -0.83), 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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