BETZ vs. SPY
Compare and contrast key facts about Roundhill Sports Betting & iGaming ETF (BETZ) and SPDR S&P 500 ETF (SPY).
BETZ and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both BETZ and SPY 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 SPY.
Key characteristics
| BETZ | SPY | |
|---|---|---|
| YTD Return | 13.21% | 27.16% |
| 1Y Return | 24.48% | 37.73% |
| 3Y Return (Ann) | -11.67% | 10.28% |
| Sharpe Ratio | 1.30 | 3.25 |
| Sortino Ratio | 1.94 | 4.32 |
| Omega Ratio | 1.22 | 1.61 |
| Calmar Ratio | 0.50 | 4.74 |
| Martin Ratio | 4.95 | 21.51 |
| Ulcer Index | 5.27% | 1.85% |
| Daily Std Dev | 20.00% | 12.20% |
| Max Drawdown | -60.82% | -55.19% |
| Current Drawdown | -39.97% | 0.00% |
Correlation
The correlation between BETZ and SPY is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BETZ vs. SPY - Performance Comparison
In the year-to-date period, BETZ achieves a 13.21% return, which is significantly lower than SPY's 27.16% 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. SPY - Expense Ratio Comparison
BETZ has a 0.75% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
BETZ vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Sports Betting & iGaming ETF (BETZ) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
BETZ has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.17%.
| 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% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
BETZ vs. SPY - Drawdown Comparison
The maximum BETZ drawdown since its inception was -60.82%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BETZ and SPY. For additional features, visit the drawdowns tool.
Volatility
BETZ vs. SPY - Volatility Comparison
Roundhill Sports Betting & iGaming ETF (BETZ) has a higher volatility of 5.53% compared to SPDR S&P 500 ETF (SPY) at 3.92%. This indicates that BETZ's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.