BETZ vs. SSO
Compare and contrast key facts about Roundhill Sports Betting & iGaming ETF (BETZ) and ProShares Ultra S&P 500 (SSO).
BETZ and SSO 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. SSO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (200%). It was launched on Jun 21, 2006. Both BETZ and SSO 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 SSO.
Key characteristics
| BETZ | SSO | |
|---|---|---|
| YTD Return | 11.71% | 50.20% |
| 1Y Return | 24.41% | 79.88% |
| 3Y Return (Ann) | -12.83% | 11.59% |
| Sharpe Ratio | 1.04 | 3.13 |
| Sortino Ratio | 1.59 | 3.72 |
| Omega Ratio | 1.18 | 1.52 |
| Calmar Ratio | 0.40 | 2.94 |
| Martin Ratio | 3.98 | 19.48 |
| Ulcer Index | 5.27% | 3.95% |
| Daily Std Dev | 20.16% | 24.60% |
| Max Drawdown | -60.82% | -84.67% |
| Current Drawdown | -40.76% | 0.00% |
Correlation
The correlation between BETZ and SSO 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. SSO - Performance Comparison
In the year-to-date period, BETZ achieves a 11.71% return, which is significantly lower than SSO's 50.20% 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. SSO - Expense Ratio Comparison
BETZ has a 0.75% expense ratio, which is lower than SSO's 0.90% expense ratio.
Risk-Adjusted Performance
BETZ vs. SSO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Sports Betting & iGaming ETF (BETZ) and ProShares Ultra S&P 500 (SSO). 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. SSO - Dividend Comparison
BETZ has not paid dividends to shareholders, while SSO's dividend yield for the trailing twelve months is around 0.68%.
| 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% |
SSO ProShares Ultra S&P 500 | 0.68% | 0.18% | 0.50% | 0.18% | 0.20% | 0.50% | 0.75% | 0.39% | 0.51% | 0.63% | 0.32% | 0.26% |
Drawdowns
BETZ vs. SSO - Drawdown Comparison
The maximum BETZ drawdown since its inception was -60.82%, smaller than the maximum SSO drawdown of -84.67%. Use the drawdown chart below to compare losses from any high point for BETZ and SSO. For additional features, visit the drawdowns tool.
Volatility
BETZ vs. SSO - Volatility Comparison
The current volatility for Roundhill Sports Betting & iGaming ETF (BETZ) is 5.41%, while ProShares Ultra S&P 500 (SSO) has a volatility of 7.87%. This indicates that BETZ experiences smaller price fluctuations and is considered to be less risky than SSO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.