BETZ vs. MMKT
BETZ (Roundhill Sports Betting & iGaming ETF) and MMKT (Texas Capital Government Money Market ETF) are both exchange-traded funds - BETZ is a Consumer Discretionary Equities fund tracking the Roundhill Sports Betting & iGaming Index, while MMKT is a Money Market fund actively managed by Texas Capital. BETZ is passively managed, while MMKT is actively managed. Over the past year, BETZ returned -12.49% vs 3.78% for MMKT. At a correlation of -0.02, they often move in opposite directions. BETZ charges 0.75%/yr vs 0.20%/yr for MMKT.
Performance
BETZ vs. MMKT - Performance Comparison
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Returns By Period
In the year-to-date period, BETZ achieves a -10.44% return, which is significantly lower than MMKT's 1.64% return.
BETZ
- 1D
- -2.39%
- 1M
- 1.93%
- YTD
- -10.44%
- 6M
- -10.50%
- 1Y
- -12.49%
- 3Y*
- 5.42%
- 5Y*
- -8.72%
- 10Y*
- —
MMKT
- 1D
- 0.02%
- 1M
- 0.27%
- YTD
- 1.64%
- 6M
- 1.74%
- 1Y
- 3.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BETZ vs. MMKT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BETZ Roundhill Sports Betting & iGaming ETF | -10.44% | 15.75% | 1.58% |
MMKT Texas Capital Government Money Market ETF | 1.64% | 4.13% | 1.22% |
Correlation
The correlation between BETZ and MMKT is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024 | -0.02 |
The correlation between BETZ and MMKT shifts across timeframes, from -0.16 (1 year) to -0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BETZ vs. MMKT — Risk / Return Rank
BETZ
MMKT
BETZ vs. MMKT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Sports Betting & iGaming ETF (BETZ) and Texas Capital Government Money Market ETF (MMKT). 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 | MMKT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -17.36 | ||
| Sortino ratioReturn per unit of downside risk | -63.44 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 15.48 | -14.57 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 152.14 | -152.56 |
| Martin ratioReturn relative to average drawdown | -0.71 | 912.59 | -913.30 |
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Drawdowns
BETZ vs. MMKT - Drawdown Comparison
The maximum BETZ drawdown since its inception was -60.82%, which is greater than MMKT's maximum drawdown of -0.04%. Use the drawdown chart below to compare losses from any high point for BETZ and MMKT.
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Drawdown Indicators
| BETZ | MMKT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.82% | -0.04% | -60.78% |
Max Drawdown (1Y)Largest decline over 1 year | -29.20% | -0.02% | -29.18% |
Max Drawdown (3Y)Largest decline over 3 years | -29.20% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -59.79% | — | — |
Current DrawdownCurrent decline from peak | -39.41% | 0.00% | -39.41% |
Average DrawdownAverage peak-to-trough decline | -33.82% | -0.00% | -33.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.59% | 0.00% | +17.59% |
Volatility
BETZ vs. MMKT - Volatility Comparison
Roundhill Sports Betting & iGaming ETF (BETZ) has a higher volatility of 6.83% compared to Texas Capital Government Money Market ETF (MMKT) at 0.05%. This indicates that BETZ's price experiences larger fluctuations and is considered to be riskier than MMKT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BETZ | MMKT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.83% | 0.05% | +6.78% |
Volatility (6M)Calculated over the trailing 6-month period | 16.62% | 0.13% | +16.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.78% | 0.23% | +20.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.00% | 0.23% | +26.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.95% | 0.23% | +27.72% |
BETZ vs. MMKT - Expense Ratio Comparison
BETZ has a 0.75% expense ratio, which is higher than MMKT's 0.20% expense ratio.
Dividends
BETZ vs. MMKT - Dividend Comparison
BETZ's dividend yield for the trailing twelve months is around 5.11%, more than MMKT's 3.71% 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% |
MMKT Texas Capital Government Money Market ETF | 3.71% | 3.98% | 1.07% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BETZ and MMKT have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BETZ has higher volatility (6.83%) compared to MMKT (0.05%). In terms of maximum drawdown, BETZ dropped -60.82% vs MMKT's -0.04%.
On 1-year performance, MMKT leads with 3.78% vs -12.49% for BETZ. On fees, MMKT is cheaper at 0.20% per year. On volatility, MMKT has been the lower-risk option at 0.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MMKT has performed better with a 3.78% return vs -12.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MMKT is cheaper with a 0.20% expense ratio, compared with 0.75% for BETZ.
BETZ has the higher dividend yield at 5.11%, compared with 3.71% for MMKT.
BETZ is categorized as Consumer Discretionary Equities, while MMKT is Money Market. They also come from different issuers: Roundhill Investments and Texas Capital. Their fees differ too: 0.75% for BETZ and 0.20% for MMKT.
MMKT currently has the higher Sharpe Ratio (16.75 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.
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