BETZ vs. MGM
Compare and contrast key facts about Roundhill Sports Betting & iGaming ETF (BETZ) and MGM Resorts International (MGM).
BETZ is a passively managed fund by Roundhill Investments that tracks the performance of the Roundhill Sports Betting & iGaming Index. It was launched on Jun 4, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BETZ or MGM.
Correlation
The correlation between BETZ and MGM is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BETZ vs. MGM - Performance Comparison
Key characteristics
BETZ:
1.22
MGM:
-0.35
BETZ:
1.73
MGM:
-0.26
BETZ:
1.21
MGM:
0.96
BETZ:
0.44
MGM:
-0.19
BETZ:
5.01
MGM:
-0.69
BETZ:
4.49%
MGM:
18.69%
BETZ:
18.46%
MGM:
36.67%
BETZ:
-60.82%
MGM:
-98.11%
BETZ:
-32.88%
MGM:
-57.75%
Returns By Period
The year-to-date returns for both investments are quite close, with BETZ having a 14.84% return and MGM slightly higher at 14.89%.
BETZ
14.84%
13.67%
22.41%
22.41%
N/A
N/A
MGM
14.89%
21.19%
-0.65%
-6.42%
4.60%
6.44%
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Risk-Adjusted Performance
BETZ vs. MGM — Risk-Adjusted Performance Rank
BETZ
MGM
BETZ vs. MGM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Sports Betting & iGaming ETF (BETZ) and MGM Resorts International (MGM). 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.
Dividends
BETZ vs. MGM - Dividend Comparison
BETZ's dividend yield for the trailing twelve months is around 0.74%, while MGM has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
BETZ Roundhill Sports Betting & iGaming ETF | 0.74% | 0.85% | 0.00% | 0.66% | 0.00% | 0.27% | 0.00% | 0.00% | 0.00% |
MGM MGM Resorts International | 0.00% | 0.00% | 0.00% | 0.04% | 0.03% | 0.50% | 1.56% | 1.98% | 1.32% |
Drawdowns
BETZ vs. MGM - Drawdown Comparison
The maximum BETZ drawdown since its inception was -60.82%, smaller than the maximum MGM drawdown of -98.11%. Use the drawdown chart below to compare losses from any high point for BETZ and MGM. For additional features, visit the drawdowns tool.
Volatility
BETZ vs. MGM - Volatility Comparison
The current volatility for Roundhill Sports Betting & iGaming ETF (BETZ) is 4.95%, while MGM Resorts International (MGM) has a volatility of 16.66%. This indicates that BETZ experiences smaller price fluctuations and is considered to be less risky than MGM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.