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.
Key characteristics
| BETZ | MGM | |
|---|---|---|
| YTD Return | 12.86% | -17.75% |
| 1Y Return | 23.86% | -3.14% |
| 3Y Return (Ann) | -11.74% | -6.60% |
| Sharpe Ratio | 1.21 | -0.15 |
| Sortino Ratio | 1.82 | 0.03 |
| Omega Ratio | 1.21 | 1.00 |
| Calmar Ratio | 0.47 | -0.08 |
| Martin Ratio | 4.57 | -0.38 |
| Ulcer Index | 5.27% | 13.62% |
| Daily Std Dev | 19.97% | 34.63% |
| Max Drawdown | -60.82% | -98.11% |
| Current Drawdown | -40.15% | -61.00% |
Correlation
The correlation between BETZ and MGM is 0.68, 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
In the year-to-date period, BETZ achieves a 12.86% return, which is significantly higher than MGM's -17.75% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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
Neither BETZ nor MGM has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
BETZ Roundhill Sports Betting & iGaming ETF | 0.00% | 0.00% | 0.66% | 0.00% | 0.27% | 0.00% | 0.00% | 0.00% |
MGM MGM Resorts International | 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 5.50%, while MGM Resorts International (MGM) has a volatility of 13.94%. 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.