BETZ vs. METV

Last updated Jun 24, 2026

BETZ (Roundhill Sports Betting & iGaming ETF) and METV (Roundhill Ball Metaverse ETF) are both exchange-traded funds - BETZ is a Consumer Discretionary Equities fund tracking the Roundhill Sports Betting & iGaming Index, while METV is a Technology Equities fund tracking the Ball Metaverse Index - Benchmark TR Net. Both are passively managed. Over the past 3 years, BETZ returned 5.42%/yr vs 21.73%/yr for METV. A 0.68 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

BETZ vs. METV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Sports Betting & iGaming ETF (BETZ) and Roundhill Ball Metaverse ETF (METV). 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 METV's -3.41% return.

BETZ

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

METV

• 1D: -1.89%
• 1M: -4.22%
• YTD: -3.41%
• 6M: -3.49%
• 1Y: 11.35%
• 3Y*: 21.73%
• 5Y*: —
• 10Y*: —

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

BETZ vs. METV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BETZ Roundhill Sports Betting & iGaming ETF	-10.44%	15.75%	10.22%	21.17%	-42.02%	-19.07%
METV Roundhill Ball Metaverse ETF	-3.41%	30.83%	24.93%	60.57%	-52.66%	0.66%

Correlation

The correlation between BETZ and METV is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (All Time) Calculated using the full available price history since Jun 30, 2021	0.68

Over the past year, the correlation between BETZ and METV has dropped to 0.42 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.

BETZ vs. METV - Sectors Allocation Comparison

Sectors	BETZ	METV
Consumer Cyclical	96.0%	7.7%
Technology	2.9%	55.6%
Communication Services	1.1%	33.6%
Financial Services	0.0%	3.1%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

BETZ vs. METV — 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

METV

METV Risk / Return Rank: 14
METV Sharpe Ratio Rank: 15
METV Sortino Ratio Rank: 15
METV Omega Ratio Rank: 15
METV Calmar Ratio Rank: 13
METV Martin Ratio Rank: 13

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. METV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Sports Betting & iGaming ETF (BETZ) and Roundhill Ball Metaverse ETF (METV). 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	METV	Difference
Sharpe ratio: Return per unit of total volatility	-0.60	0.46	-1.06
Sortino ratio: Return per unit of downside risk	-0.74	0.77	-1.51
Omega ratio: Gain probability vs. loss probability	0.92	1.10	-0.18
Calmar ratio: Return relative to maximum drawdown	-0.43	0.40	-0.83
Martin ratio: Return relative to average drawdown	-0.71	0.89	-1.61

BETZ vs. METV - Sharpe Ratio Comparison

The current BETZ Sharpe Ratio is -0.60, which is lower than the METV Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of BETZ and METV, 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. METV - Drawdown Comparison

The maximum BETZ drawdown since its inception was -60.82%, roughly equal to the maximum METV drawdown of -59.64%. Use the drawdown chart below to compare losses from any high point for BETZ and METV.

Drawdown Indicators

	BETZ	METV	Difference
Max Drawdown Largest peak-to-trough decline	-60.82%	-59.64%	-1.18%
Max Drawdown (1Y) Largest decline over 1 year	-29.20%	-28.27%	-0.93%
Max Drawdown (3Y) Largest decline over 3 years	-29.20%	-28.27%	-0.93%
Max Drawdown (5Y) Largest decline over 5 years	-59.79%	—	—
Current Drawdown Current decline from peak	-39.41%	-14.56%	-24.85%
Average Drawdown Average peak-to-trough decline	-33.82%	-25.86%	-7.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.59%	12.72%	+4.87%

Volatility

BETZ vs. METV - Volatility Comparison

The current volatility for Roundhill Sports Betting & iGaming ETF (BETZ) is 6.83%, while Roundhill Ball Metaverse ETF (METV) has a volatility of 9.11%. This indicates that BETZ experiences smaller price fluctuations and is considered to be less risky than METV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BETZ	METV	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.83%	9.11%	-2.28%
Volatility (6M) Calculated over the trailing 6-month period	16.62%	19.24%	-2.62%
Volatility (1Y) Calculated over the trailing 1-year period	20.78%	25.02%	-4.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.00%	30.03%	-3.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.95%	30.03%	-2.08%

BETZ vs. METV - Expense Ratio Comparison

Both BETZ and METV have an expense ratio of 0.75%.

Dividends

BETZ vs. METV - Dividend Comparison

BETZ's dividend yield for the trailing twelve months is around 5.11%, more than METV's 0.19% 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%
METV Roundhill Ball Metaverse ETF	0.19%	0.18%	0.00%	0.17%	0.09%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BETZ and METV in my portfolio?

BETZ and METV have a correlation of 0.42, 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 METV?

METV has higher volatility (9.11%) compared to BETZ (6.83%). In terms of maximum drawdown, BETZ dropped -60.82% vs METV's -59.64%.

Which ETF is better, BETZ or METV?

On 3-year performance, METV leads with 21.73% vs 5.42% for BETZ. Both ETFs have the same 0.75% expense ratio. On volatility, BETZ has been the lower-risk option at 6.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BETZ or METV?

Over the 3-year period, METV has performed better with a 21.73% return vs 5.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BETZ or METV?

BETZ and METV have the same expense ratio: 0.75% per year.

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

BETZ has the higher dividend yield at 5.11%, compared with 0.19% for METV.

What is the main difference between BETZ and METV?

BETZ is categorized as Consumer Discretionary Equities, while METV is Technology Equities. BETZ tracks Roundhill Sports Betting & iGaming Index, while METV tracks Ball Metaverse Index - Benchmark TR Net.

Which has better risk-adjusted returns?

METV currently has the higher Sharpe Ratio (0.46 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.