BETZ vs. TSM
Compare and contrast key facts about Roundhill Sports Betting & iGaming ETF (BETZ) and Taiwan Semiconductor Manufacturing Company Limited (TSM).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BETZ or TSM.
Key characteristics
| BETZ | TSM | |
|---|---|---|
| YTD Return | 11.71% | 95.57% |
| 1Y Return | 24.41% | 123.03% |
| 3Y Return (Ann) | -12.83% | 20.49% |
| Sharpe Ratio | 1.04 | 3.09 |
| Sortino Ratio | 1.59 | 3.70 |
| Omega Ratio | 1.18 | 1.47 |
| Calmar Ratio | 0.40 | 3.76 |
| Martin Ratio | 3.98 | 17.53 |
| Ulcer Index | 5.27% | 6.97% |
| Daily Std Dev | 20.16% | 39.48% |
| Max Drawdown | -60.82% | -84.63% |
| Current Drawdown | -40.76% | -2.25% |
Correlation
The correlation between BETZ and TSM is 0.49, 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. TSM - Performance Comparison
In the year-to-date period, BETZ achieves a 11.71% return, which is significantly lower than TSM's 95.57% 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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Risk-Adjusted Performance
BETZ vs. TSM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Sports Betting & iGaming ETF (BETZ) and Taiwan Semiconductor Manufacturing Company Limited (TSM). 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. TSM - Dividend Comparison
BETZ has not paid dividends to shareholders, while TSM's dividend yield for the trailing twelve months is around 1.09%.
| 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% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 1.09% | 1.78% | 2.48% | 1.56% | 1.58% | 3.49% | 3.55% | 2.32% | 2.61% | 2.54% | 1.79% | 2.30% |
Drawdowns
BETZ vs. TSM - Drawdown Comparison
The maximum BETZ drawdown since its inception was -60.82%, smaller than the maximum TSM drawdown of -84.63%. Use the drawdown chart below to compare losses from any high point for BETZ and TSM. For additional features, visit the drawdowns tool.
Volatility
BETZ vs. TSM - Volatility Comparison
The current volatility for Roundhill Sports Betting & iGaming ETF (BETZ) is 5.41%, while Taiwan Semiconductor Manufacturing Company Limited (TSM) has a volatility of 13.40%. This indicates that BETZ experiences smaller price fluctuations and is considered to be less risky than TSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.