BETZ vs. QQQ
Compare and contrast key facts about Roundhill Sports Betting & iGaming ETF (BETZ) and Invesco QQQ (QQQ).
BETZ and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both BETZ and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BETZ or QQQ.
Key characteristics
| BETZ | QQQ | |
|---|---|---|
| YTD Return | 12.86% | 25.79% |
| 1Y Return | 23.86% | 36.91% |
| 3Y Return (Ann) | -11.74% | 9.89% |
| Sharpe Ratio | 1.21 | 2.11 |
| Sortino Ratio | 1.82 | 2.78 |
| Omega Ratio | 1.21 | 1.38 |
| Calmar Ratio | 0.47 | 2.69 |
| Martin Ratio | 4.57 | 9.81 |
| Ulcer Index | 5.27% | 3.72% |
| Daily Std Dev | 19.97% | 17.32% |
| Max Drawdown | -60.82% | -82.98% |
| Current Drawdown | -40.15% | -0.24% |
Correlation
The correlation between BETZ and QQQ is 0.66, 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. QQQ - Performance Comparison
In the year-to-date period, BETZ achieves a 12.86% return, which is significantly lower than QQQ's 25.79% 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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BETZ vs. QQQ - Expense Ratio Comparison
BETZ has a 0.75% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
BETZ vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Sports Betting & iGaming ETF (BETZ) and Invesco QQQ (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.
Dividends
BETZ vs. QQQ - Dividend Comparison
BETZ has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.59%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BETZ Roundhill Sports Betting & iGaming ETF | 0.00% | 0.00% | 0.66% | 0.00% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
BETZ vs. QQQ - Drawdown Comparison
The maximum BETZ drawdown since its inception was -60.82%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for BETZ and QQQ. For additional features, visit the drawdowns tool.
Volatility
BETZ vs. QQQ - Volatility Comparison
Roundhill Sports Betting & iGaming ETF (BETZ) has a higher volatility of 5.50% compared to Invesco QQQ (QQQ) at 5.14%. This indicates that BETZ's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.