BETZ vs. NERD
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. BETZ is passively managed, while NERD is actively managed. Over the past 5 years, BETZ returned -5.84%/yr vs -4.89%/yr for NERD. Their 0.64 correlation means they have sometimes moved together and sometimes differently. BETZ charges 0.75%/yr vs 0.50%/yr for NERD.
Performance
BETZ vs. NERD - Performance Comparison
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Returns By Period
In the year-to-date period, BETZ achieves a -8.87% return, which is significantly higher than NERD's -12.26% return.
BETZ
- 1D
- -0.58%
- 1M
- 0.36%
- 6M
- 2.90%
- YTD
- -8.87%
- 1Y
- -16.95%
- 3Y*
- 3.15%
- 5Y*
- -5.84%
- 10Y*
- —
- ALL TIME*
- 4.39%
NERD
- 1D
- -3.19%
- 1M
- 2.76%
- 6M
- -8.36%
- YTD
- -12.26%
- 1Y
- -15.44%
- 3Y*
- 11.30%
- 5Y*
- -4.89%
- 10Y*
- —
- ALL TIME*
- 5.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $205.48K | $310.34K | $782.30K | |
| $28.51K | $28.10K | $40.56K |
BETZ vs. NERD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BETZ Roundhill Sports Betting & iGaming ETF | -8.87% | 15.75% | 10.22% | 21.17% | -42.02% | -3.91% | 65.99% |
NERD Roundhill Video Games ETF | -12.26% | 23.14% | 28.52% | 12.94% | -43.30% | -17.57% | 60.00% |
Correlation
The correlation between BETZ and NERD is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (3Y) Balances recent behavior with more history. | 0.56 |
Correlation (5Y) Shows whether the relationship held over a longer 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 0.48 (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
Technology
Communication Services
Industrials
Financial Services
Basic Materials
-
-
Consumer Defensive
-
-
Energy
-
-
Healthcare
-
-
Real Estate
-
-
Utilities
-
-
Consumer Cyclical
BETZ
NERD
Technology
BETZ
NERD
Communication Services
BETZ
NERD
Industrials
BETZ
NERD
Financial Services
BETZ
NERD
Basic Materials
BETZ
-
NERD
-
Consumer Defensive
BETZ
-
NERD
-
Energy
BETZ
-
NERD
-
Healthcare
BETZ
-
NERD
-
Real Estate
BETZ
-
NERD
-
Utilities
BETZ
-
NERD
-
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Return for Risk
BETZ vs. NERD — Risk / Return Rank
BETZ
NERD
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 ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.88 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | -0.50 | -0.10 |
| Martin ratioReturn relative to average drawdown | -0.93 | -0.82 | -0.11 |
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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.
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Drawdown Indicators
| BETZ | NERD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.82% | -65.58% | +4.76% |
Max Drawdown (1Y)Largest decline over 1 year | -29.20% | -33.23% | +4.03% |
Max Drawdown (3Y)Largest decline over 3 years | -29.20% | -33.23% | +4.03% |
Max Drawdown (5Y)Largest decline over 5 years | -59.79% | -54.10% | -5.69% |
Current DrawdownCurrent decline from peak | -38.35% | -43.09% | +4.74% |
Average DrawdownAverage peak-to-trough decline | -33.89% | -36.09% | +2.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.92% | 20.32% | -1.40% |
Volatility
BETZ vs. NERD - Volatility Comparison
The current volatility for Roundhill Sports Betting & iGaming ETF (BETZ) is 5.96%, while Roundhill Video Games ETF (NERD) has a volatility of 7.07%. This indicates that BETZ experiences smaller price fluctuations and is considered to be less risky than NERD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BETZ | NERD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.96% | 7.07% | -1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 17.04% | 16.65% | +0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.17% | 20.63% | +0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.97% | 24.66% | +2.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.85% | 25.46% | +2.39% |
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 5.02%, more than NERD's 0.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BETZ Roundhill Sports Betting & iGaming ETF | 5.02% | 4.57% | 0.86% | 0.00% | 0.66% | 0.00% | 0.28% | 0.00% |
NERD Roundhill Video Games ETF | 0.72% | 0.63% | 1.74% | 1.07% | 0.69% | 0.02% | 1.05% | 0.31% |
Frequently Asked Questions
BETZ and NERD have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NERD has higher volatility (7.07%) compared to BETZ (5.96%). In terms of maximum drawdown, BETZ dropped -60.82% vs NERD's -65.58%.
On 5-year performance, NERD leads with -4.89% vs -5.84% for BETZ. On fees, NERD is cheaper at 0.50% per year. On volatility, BETZ has been the lower-risk option at 5.96%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, NERD has performed better with a -4.89% return vs -5.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NERD is cheaper with a 0.50% expense ratio, compared with 0.75% for BETZ.
BETZ has the higher dividend yield at 5.02%, compared with 0.72% for 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.
NERD currently has the higher Sharpe Ratio (-0.81 vs -0.83), 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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