BETZ vs. IEDI

Last updated Jun 24, 2026

BETZ (Roundhill Sports Betting & iGaming ETF) and IEDI (iShares Evolved U.S. Discretionary Spending ETF) are both Consumer Discretionary Equities funds. BETZ is passively managed, while IEDI is actively managed. Over the past 5 years, BETZ returned -8.72%/yr vs 5.94%/yr for IEDI. A 0.66 correlation means they provide meaningful diversification when combined. BETZ charges 0.75%/yr vs 0.18%/yr for IEDI.

Performance

BETZ vs. IEDI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Sports Betting & iGaming ETF (BETZ) and iShares Evolved U.S. Discretionary Spending ETF (IEDI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BETZ achieves a -10.44% return, which is significantly lower than IEDI's -0.29% return.

BETZ

• 1D: -2.39%
• 1M: 1.93%
• YTD: -10.44%
• 6M: -10.50%
• 1Y: -12.49%
• 3Y*: 5.42%
• 5Y*: -8.72%
• 10Y*: —

IEDI

• 1D: 0.23%
• 1M: -0.61%
• YTD: -0.29%
• 6M: -0.97%
• 1Y: 2.66%
• 3Y*: 12.75%
• 5Y*: 5.94%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BETZ vs. IEDI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BETZ Roundhill Sports Betting & iGaming ETF	-10.44%	15.75%	10.22%	21.17%	-42.02%	-3.91%	65.99%
IEDI iShares Evolved U.S. Discretionary Spending ETF	-0.29%	4.05%	22.11%	24.32%	-23.17%	21.19%	27.35%

Correlation

The correlation between BETZ and IEDI is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020	0.66

The correlation between BETZ and IEDI shifts across timeframes, from 0.48 (1 year) to 0.66 (all time), reflecting how their relationship changes across market environments.

BETZ vs. IEDI - Sectors Allocation Comparison

Sectors	BETZ	IEDI
Consumer Cyclical	96.0%	63.0%
Technology	2.9%	2.9%
Communication Services	1.1%	3.1%
Financial Services	0.0%	1.9%
Basic Materials	-	-
Consumer Defensive	-	23.9%
Energy	-	0.1%
Healthcare	-	0.2%
Industrials	-	3.6%
Real Estate	-	0.5%
Utilities	-	-

Return for Risk

BETZ vs. IEDI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BETZ

BETZ Risk / Return Rank: 5
BETZ Sharpe Ratio Rank: 4
BETZ Sortino Ratio Rank: 4
BETZ Omega Ratio Rank: 4
BETZ Calmar Ratio Rank: 5
BETZ Martin Ratio Rank: 6

IEDI

IEDI Risk / Return Rank: 11
IEDI Sharpe Ratio Rank: 11
IEDI Sortino Ratio Rank: 11
IEDI Omega Ratio Rank: 10
IEDI Calmar Ratio Rank: 12
IEDI Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BETZ vs. IEDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Sports Betting & iGaming ETF (BETZ) and iShares Evolved U.S. Discretionary Spending ETF (IEDI). 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	IEDI	Difference
Sharpe ratio: Return per unit of total volatility	-0.60	0.20	-0.80
Sortino ratio: Return per unit of downside risk	-0.74	0.39	-1.13
Omega ratio: Gain probability vs. loss probability	0.92	1.04	-0.13
Calmar ratio: Return relative to maximum drawdown	-0.43	0.28	-0.71
Martin ratio: Return relative to average drawdown	-0.71	0.66	-1.37

BETZ vs. IEDI - Sharpe Ratio Comparison

The current BETZ Sharpe Ratio is -0.60, which is lower than the IEDI Sharpe Ratio of 0.20. The chart below compares the historical Sharpe Ratios of BETZ and IEDI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BETZ vs. IEDI - Drawdown Comparison

The maximum BETZ drawdown since its inception was -60.82%, which is greater than IEDI's maximum drawdown of -30.60%. Use the drawdown chart below to compare losses from any high point for BETZ and IEDI.

Drawdown Indicators

	BETZ	IEDI	Difference
Max Drawdown Largest peak-to-trough decline	-60.82%	-30.60%	-30.22%
Max Drawdown (1Y) Largest decline over 1 year	-29.20%	-9.44%	-19.76%
Max Drawdown (3Y) Largest decline over 3 years	-29.20%	-18.64%	-10.56%
Max Drawdown (5Y) Largest decline over 5 years	-59.79%	-29.79%	-30.00%
Current Drawdown Current decline from peak	-39.41%	-6.12%	-33.29%
Average Drawdown Average peak-to-trough decline	-33.82%	-6.92%	-26.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.59%	4.05%	+13.54%

Volatility

BETZ vs. IEDI - Volatility Comparison

Roundhill Sports Betting & iGaming ETF (BETZ) has a higher volatility of 6.83% compared to iShares Evolved U.S. Discretionary Spending ETF (IEDI) at 4.27%. This indicates that BETZ's price experiences larger fluctuations and is considered to be riskier than IEDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BETZ	IEDI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.83%	4.27%	+2.56%
Volatility (6M) Calculated over the trailing 6-month period	16.62%	10.59%	+6.03%
Volatility (1Y) Calculated over the trailing 1-year period	20.78%	13.66%	+7.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.00%	18.26%	+8.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.95%	19.42%	+8.53%

BETZ vs. IEDI - Expense Ratio Comparison

BETZ has a 0.75% expense ratio, which is higher than IEDI's 0.18% expense ratio.

Dividends

BETZ vs. IEDI - Dividend Comparison

BETZ's dividend yield for the trailing twelve months is around 5.11%, more than IEDI's 0.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BETZ Roundhill Sports Betting & iGaming ETF	5.11%	4.57%	0.86%	0.00%	0.66%	0.00%	0.28%	0.00%	0.00%
IEDI iShares Evolved U.S. Discretionary Spending ETF	0.96%	0.95%	0.90%	1.13%	3.38%	0.70%	0.83%	2.07%	1.57%

Frequently Asked Questions

Can I hold both BETZ and IEDI in my portfolio?

BETZ and IEDI have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BETZ or IEDI?

BETZ has higher volatility (6.83%) compared to IEDI (4.27%). In terms of maximum drawdown, BETZ dropped -60.82% vs IEDI's -30.60%.

Which ETF is better, BETZ or IEDI?

On 5-year performance, IEDI leads with 5.94% vs -8.72% for BETZ. On fees, IEDI is cheaper at 0.18% per year. On volatility, IEDI has been the lower-risk option at 4.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BETZ or IEDI?

Over the 5-year period, IEDI has performed better with a 5.94% return vs -8.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BETZ or IEDI?

IEDI is cheaper with a 0.18% expense ratio, compared with 0.75% for BETZ.

Which ETF pays a higher dividend yield, BETZ or IEDI?

BETZ has the higher dividend yield at 5.11%, compared with 0.96% for IEDI.

What is the main difference between BETZ and IEDI?

They also come from different issuers: Roundhill Investments and iShares. Their fees differ too: 0.75% for BETZ and 0.18% for IEDI.

Which has better risk-adjusted returns?

IEDI currently has the higher Sharpe Ratio (0.20 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.