BETZ vs. SBIT
BETZ (Roundhill Sports Betting & iGaming ETF) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - BETZ is a Consumer Discretionary Equities fund tracking the Roundhill Sports Betting & iGaming Index, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). Both are passively managed. Over the past year, BETZ returned -16.95% vs 98.77% for SBIT. Their -0.30 correlation means they have often moved in opposite directions in the past. BETZ charges 0.75%/yr vs 0.95%/yr for SBIT.
Performance
BETZ vs. SBIT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BETZ achieves a -8.87% return, which is significantly lower than SBIT's 39.44% 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%
SBIT
- 1D
- 5.60%
- 1M
- -6.04%
- 6M
- 32.41%
- YTD
- 39.44%
- 1Y
- 98.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -42.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $205.48K | $310.34K | $782.30K | |
| $29.57M | $32.71M | $46.48M |
BETZ vs. SBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BETZ Roundhill Sports Betting & iGaming ETF | -8.87% | 15.75% | 7.61% |
SBIT Proshares Ultrashort Bitcoin ETF | 39.44% | -25.11% | -73.74% |
Correlation
The correlation between BETZ and SBIT is -0.25, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.25 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024 | -0.30 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BETZ vs. SBIT — Risk / Return Rank
BETZ
SBIT
BETZ vs. SBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Sports Betting & iGaming ETF (BETZ) and Proshares Ultrashort Bitcoin ETF (SBIT). 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 | SBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.10 | ||
| Sortino ratioReturn per unit of downside risk | -3.04 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.23 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | 2.35 | -2.95 |
| Martin ratioReturn relative to average drawdown | -0.93 | 5.19 | -6.11 |
Loading charts...
Drawdowns
BETZ vs. SBIT - Drawdown Comparison
The maximum BETZ drawdown since its inception was -60.82%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for BETZ and SBIT.
Loading charts...
Drawdown Indicators
| BETZ | SBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.82% | -91.35% | +30.53% |
Max Drawdown (1Y)Largest decline over 1 year | -29.20% | -47.94% | +18.74% |
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 | -38.35% | -77.87% | +39.52% |
Average DrawdownAverage peak-to-trough decline | -33.89% | -69.07% | +35.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.92% | 21.67% | -2.75% |
Volatility
BETZ vs. SBIT - Volatility Comparison
The current volatility for Roundhill Sports Betting & iGaming ETF (BETZ) is 5.96%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 18.09%. This indicates that BETZ experiences smaller price fluctuations and is considered to be less risky than SBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BETZ | SBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.96% | 18.09% | -12.13% |
Volatility (6M)Calculated over the trailing 6-month period | 17.04% | 67.10% | -50.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.17% | 88.65% | -67.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.97% | 96.10% | -69.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.85% | 96.10% | -68.25% |
BETZ vs. SBIT - Expense Ratio Comparison
BETZ has a 0.75% expense ratio, which is lower than SBIT's 0.95% expense ratio.
Dividends
BETZ vs. SBIT - Dividend Comparison
BETZ's dividend yield for the trailing twelve months is around 5.02%, more than SBIT's 4.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BETZ Roundhill Sports Betting & iGaming ETF | 5.02% | 4.57% | 0.86% | 0.00% | 0.66% | 0.00% | 0.28% |
SBIT Proshares Ultrashort Bitcoin ETF | 4.03% | 0.52% | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BETZ and SBIT have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBIT has higher volatility (18.09%) compared to BETZ (5.96%). In terms of maximum drawdown, BETZ dropped -60.82% vs SBIT's -91.35%.
On 1-year performance, SBIT leads with 98.77% vs -16.95% for BETZ. On fees, BETZ is cheaper at 0.75% 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 1-year period, SBIT has performed better with a 98.77% return vs -16.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BETZ is cheaper with a 0.75% expense ratio, compared with 0.95% for SBIT.
BETZ has the higher dividend yield at 5.02%, compared with 4.03% for SBIT.
BETZ is categorized as Consumer Discretionary Equities, while SBIT is Cryptocurrency. BETZ tracks Roundhill Sports Betting & iGaming Index, while SBIT tracks Bloomberg Bitcoin Index (-200%). They also come from different issuers: Roundhill and ProShares. Their fees differ too: 0.75% for BETZ and 0.95% for SBIT.
SBIT currently has the higher Sharpe Ratio (1.27 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.
Find the right allocation for BETZ and SBIT
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