BETZ vs. NERD

Last updated Jun 24, 2026

BETZ (Roundhill Sports Betting & iGaming ETF) and NERD (Roundhill Video Games ETF) are both exchange-traded funds - BETZ is a Consumer Discretionary Equities fund tracking the Roundhill Sports Betting & iGaming Index, while NERD is a Gaming fund actively managed by Roundhill Investments. BETZ is passively managed, while NERD is actively managed. Over the past 5 years, BETZ returned -8.72%/yr vs -8.24%/yr for NERD. A 0.64 correlation means they provide meaningful diversification when combined. BETZ charges 0.75%/yr vs 0.50%/yr for NERD.

Performance

BETZ vs. NERD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Sports Betting & iGaming ETF (BETZ) and Roundhill Video Games ETF (NERD). 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 higher than NERD's -18.97% return.

BETZ

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

NERD

• 1D: -0.99%
• 1M: -4.03%
• YTD: -18.97%
• 6M: -18.82%
• 1Y: -23.70%
• 3Y*: 9.89%
• 5Y*: -8.24%
• 10Y*: —

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

BETZ vs. NERD - 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%
NERD Roundhill Video Games ETF	-18.97%	23.14%	28.52%	12.94%	-43.30%	-17.57%	60.00%

Correlation

The correlation between BETZ and NERD is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020	0.64

The correlation between BETZ and NERD shifts across timeframes, from 0.46 (1 year) to 0.65 (5 years), reflecting how their relationship changes across market environments.

BETZ vs. NERD - Sectors Allocation Comparison

Sectors	BETZ	NERD
Consumer Cyclical	96.0%	4.0%
Technology	2.9%	4.6%
Communication Services	1.1%	90.2%
Financial Services	0.0%	0.0%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	1.3%
Real Estate	-	-
Utilities	-	-

Return for Risk

BETZ vs. NERD — 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

NERD

NERD Risk / Return Rank: 1
NERD Sharpe Ratio Rank: 0
NERD Sortino Ratio Rank: 1
NERD Omega Ratio Rank: 1
NERD Calmar Ratio Rank: 3
NERD Martin Ratio Rank: 2

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. NERD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Sports Betting & iGaming ETF (BETZ) and Roundhill Video Games ETF (NERD). 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	NERD	Difference
Sharpe ratio: Return per unit of total volatility	-0.60	-1.22	+0.61
Sortino ratio: Return per unit of downside risk	-0.74	-1.69	+0.96
Omega ratio: Gain probability vs. loss probability	0.92	0.81	+0.11
Calmar ratio: Return relative to maximum drawdown	-0.43	-0.76	+0.33
Martin ratio: Return relative to average drawdown	-0.71	-1.31	+0.60

BETZ vs. NERD - Sharpe Ratio Comparison

The current BETZ Sharpe Ratio is -0.60, which is higher than the NERD Sharpe Ratio of -1.22. The chart below compares the historical Sharpe Ratios of BETZ and NERD, 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. NERD - Drawdown Comparison

The maximum BETZ drawdown since its inception was -60.82%, smaller than the maximum NERD drawdown of -65.58%. Use the drawdown chart below to compare losses from any high point for BETZ and NERD.

Drawdown Indicators

	BETZ	NERD	Difference
Max Drawdown Largest peak-to-trough decline	-60.82%	-65.58%	+4.76%
Max Drawdown (1Y) Largest decline over 1 year	-29.20%	-31.49%	+2.29%
Max Drawdown (3Y) Largest decline over 3 years	-29.20%	-31.49%	+2.29%
Max Drawdown (5Y) Largest decline over 5 years	-59.79%	-58.08%	-1.71%
Current Drawdown Current decline from peak	-39.41%	-47.44%	+8.03%
Average Drawdown Average peak-to-trough decline	-33.82%	-35.95%	+2.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.59%	18.12%	-0.53%

Volatility

BETZ vs. NERD - Volatility Comparison

Roundhill Sports Betting & iGaming ETF (BETZ) has a higher volatility of 6.83% compared to Roundhill Video Games ETF (NERD) at 4.24%. This indicates that BETZ's price experiences larger fluctuations and is considered to be riskier than NERD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BETZ	NERD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.83%	4.24%	+2.59%
Volatility (6M) Calculated over the trailing 6-month period	16.62%	14.99%	+1.63%
Volatility (1Y) Calculated over the trailing 1-year period	20.78%	19.64%	+1.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.00%	24.51%	+2.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.95%	25.46%	+2.49%

BETZ vs. NERD - Expense Ratio Comparison

BETZ has a 0.75% expense ratio, which is higher than NERD's 0.50% expense ratio.

Dividends

BETZ vs. NERD - Dividend Comparison

BETZ's dividend yield for the trailing twelve months is around 5.11%, more than NERD's 0.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BETZ Roundhill Sports Betting & iGaming ETF	5.11%	4.57%	0.86%	0.00%	0.66%	0.00%	0.28%	0.00%
NERD Roundhill Video Games ETF	0.78%	0.63%	1.74%	1.07%	0.69%	0.02%	1.05%	0.31%

Frequently Asked Questions

Can I hold both BETZ and NERD in my portfolio?

BETZ and NERD have a correlation of 0.46, 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 NERD?

BETZ has higher volatility (6.83%) compared to NERD (4.24%). In terms of maximum drawdown, BETZ dropped -60.82% vs NERD's -65.58%.

Which ETF is better, BETZ or NERD?

On 5-year performance, NERD leads with -8.24% vs -8.72% for BETZ. On fees, NERD is cheaper at 0.50% per year. On volatility, NERD has been the lower-risk option at 4.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BETZ or NERD?

Over the 5-year period, NERD has performed better with a -8.24% 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 NERD?

NERD is cheaper with a 0.50% expense ratio, compared with 0.75% for BETZ.

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

BETZ has the higher dividend yield at 5.11%, compared with 0.78% for NERD.

What is the main difference between BETZ and NERD?

BETZ is categorized as Consumer Discretionary Equities, while NERD is Gaming. Their fees differ too: 0.75% for BETZ and 0.50% for NERD.

Which has better risk-adjusted returns?

BETZ currently has the higher Sharpe Ratio (-0.60 vs -1.22), 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.