PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
BETZ vs. QQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BETZ vs. QQQ

Last updated Jul 14, 2026
Documentation

BETZ (Roundhill Sports Betting & iGaming ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - BETZ is a Consumer Discretionary Equities fund tracking the Roundhill Sports Betting & iGaming Index, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, BETZ returned -6.09%/yr vs 15.10%/yr for QQQ. A 0.62 correlation means they provide meaningful diversification when combined. BETZ charges 0.75%/yr vs 0.18%/yr for QQQ.

Performance

BETZ vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Sports Betting & iGaming ETF (BETZ) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, BETZ achieves a -6.53% return, which is significantly lower than QQQ's 16.13% return.

BETZ

1D
0.62%
1M
-2.63%
6M
-3.30%
YTD
-6.53%
1Y
-15.03%
3Y*
3.77%
5Y*
-6.09%
10Y*
—

QQQ

1D
-1.90%
1M
-1.22%
6M
13.75%
YTD
16.13%
1Y
29.05%
3Y*
24.08%
5Y*
15.10%
10Y*
21.19%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BETZ vs. QQQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
BETZ
Roundhill Sports Betting & iGaming ETF		-6.53%15.75%10.22%21.17%-42.02%-3.91%65.99%
QQQ
Invesco QQQ ETF		16.13%20.77%25.58%54.86%-32.58%27.42%33.22%

Correlation

The correlation between BETZ and QQQ is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.38

Correlation (3Y)
Calculated over the trailing 3-year period

0.53

Correlation (5Y)
Calculated over the trailing 5-year period

0.63

Correlation (All Time)
Calculated using the full available price history since Jun 4, 2020

0.62

Over the past year, the correlation between BETZ and QQQ has dropped to 0.38 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.

BETZ vs. QQQ - Sectors Allocation Comparison

Sectors
BETZ
QQQ

Consumer Cyclical

96.0%
11.4%

Technology

2.9%
58.7%

Communication Services

1.1%
14.3%

Financial Services

0.0%
0.2%

Basic Materials

-

1.0%

Consumer Defensive

-

6.4%

Energy

-

0.5%

Healthcare

-

3.7%

Industrials

-

2.6%

Real Estate

-

0.1%

Utilities

-

1.2%

Consumer Cyclical

BETZ
96.0%
QQQ
11.4%

Technology

BETZ
2.9%
QQQ
58.7%

Communication Services

BETZ
1.1%
QQQ
14.3%

Financial Services

BETZ
0.0%
QQQ
0.2%

Basic Materials

BETZ

-

QQQ
1.0%

Consumer Defensive

BETZ

-

QQQ
6.4%

Energy

BETZ

-

QQQ
0.5%

Healthcare

BETZ

-

QQQ
3.7%

Industrials

BETZ

-

QQQ
2.6%

Real Estate

BETZ

-

QQQ
0.1%

Utilities

BETZ

-

QQQ
1.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Roundhill Sports Betting & iGaming ETF

Invesco QQQ ETF

Often compared with BETZ:
BETZ vs. FDISBETZ vs. ODDSBETZ vs. MGMBETZ vs. HTECBETZ vs. SPYBETZ vs. BRK-BBETZ vs. SSO
Often compared with QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. SPMO

Return for Risk

BETZ vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BETZ
BETZ Risk / Return Rank: 44
Overall Rank
BETZ Sharpe Ratio Rank: 33
Sharpe Ratio Rank
BETZ Sortino Ratio Rank: 44
Sortino Ratio Rank
BETZ Omega Ratio Rank: 44
Omega Ratio Rank
BETZ Calmar Ratio Rank: 55
Calmar Ratio Rank
BETZ Martin Ratio Rank: 55
Martin Ratio Rank
QQQ
QQQ Risk / Return Rank: 5858
Overall Rank
QQQ Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 5555
Sortino Ratio Rank
QQQ Omega Ratio Rank: 5656
Omega Ratio Rank
QQQ Calmar Ratio Rank: 6161
Calmar Ratio Rank
QQQ Martin Ratio Rank: 6262
Martin Ratio Rank
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. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Sports Betting & iGaming ETF (BETZ) and Invesco QQQ ETF (QQQ). 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.

BETZQQQDifference
Sharpe ratioReturn per unit of total volatility
-0.73
1.57

-2.30

Sortino ratioReturn per unit of downside risk
-0.93
2.13

-3.05

Omega ratioGain probability vs. loss probability

0.90

1.28

-0.38

Calmar ratioReturn relative to maximum drawdown

-0.52

2.44

-2.96

Martin ratioReturn relative to average drawdown

-0.82

8.74

-9.56

BETZ vs. QQQ - Sharpe Ratio Comparison

The current BETZ Sharpe Ratio is -0.73, which is lower than the QQQ Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of BETZ and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

BETZ vs. QQQ - Drawdown Comparison

The maximum BETZ drawdown since its inception was -60.82%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for BETZ and QQQ.

Loading charts...

Drawdown Indicators

BETZQQQDifference

Max Drawdown

Largest peak-to-trough decline

-60.82%

-82.97%

+22.15%

Max Drawdown (1Y)

Largest decline over 1 year

-29.20%

-11.96%

-17.24%

Max Drawdown (3Y)

Largest decline over 3 years

-29.20%

-22.77%

-6.43%

Max Drawdown (5Y)

Largest decline over 5 years

-59.79%

-35.12%

-24.67%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.12%

—

Current Drawdown

Current decline from peak

-36.77%

-4.51%

-32.26%

Average Drawdown

Average peak-to-trough decline

-33.86%

-32.67%

-1.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

18.27%

3.33%

+14.94%

Volatility

BETZ vs. QQQ - Volatility Comparison

The current volatility for Roundhill Sports Betting & iGaming ETF (BETZ) is 5.69%, while Invesco QQQ ETF (QQQ) has a volatility of 8.69%. This indicates that BETZ experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

BETZQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.69%

8.69%

-3.00%

Volatility (6M)

Calculated over the trailing 6-month period

16.74%

15.40%

+1.34%

Volatility (1Y)

Calculated over the trailing 1-year period

20.76%

18.61%

+2.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

26.99%

22.80%

+4.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.88%

22.44%

+5.44%

BETZ vs. QQQ - Expense Ratio Comparison

BETZ has a 0.75% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

BETZ vs. QQQ - Dividend Comparison

BETZ's dividend yield for the trailing twelve months is around 4.89%, more than QQQ's 0.43% yield.

PositionTTM20252024202320222021202020192018201720162015
BETZ
Roundhill Sports Betting & iGaming ETF		4.89%4.57%0.86%0.00%0.66%0.00%0.28%0.00%0.00%0.00%0.00%0.00%
QQQ
Invesco QQQ ETF		0.43%0.45%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%

Frequently Asked Questions

BETZ and QQQ have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QQQ has higher volatility (8.69%) compared to BETZ (5.69%). In terms of maximum drawdown, BETZ dropped -60.82% vs QQQ's -82.97%.

On 5-year performance, QQQ leads with 15.10% vs -6.09% for BETZ. On fees, QQQ is cheaper at 0.18% per year. On volatility, BETZ has been the lower-risk option at 5.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, QQQ has performed better with a 15.10% return vs -6.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

QQQ is cheaper with a 0.18% expense ratio, compared with 0.75% for BETZ.

BETZ has the higher dividend yield at 4.89%, compared with 0.43% for QQQ.

BETZ is categorized as Consumer Discretionary Equities, while QQQ is Nasdaq-100. BETZ tracks Roundhill Sports Betting & iGaming Index, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: Roundhill Investments and Invesco. Their fees differ too: 0.75% for BETZ and 0.18% for QQQ.

QQQ currently has the higher Sharpe Ratio (1.57 vs -0.73), 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.

Portfolio Optimizer

Find the right allocation for BETZ and QQQ

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer