BETZ vs. UGA
BETZ (Roundhill Sports Betting & iGaming ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - BETZ is a Consumer Discretionary Equities fund tracking the Roundhill Sports Betting & iGaming Index, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 5 years, BETZ returned -8.72%/yr vs 22.69%/yr for UGA. At a 0.12 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
BETZ vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, BETZ achieves a -10.44% return, which is significantly lower than UGA's 64.09% return.
BETZ
- 1D
- -2.39%
- 1M
- 1.93%
- YTD
- -10.44%
- 6M
- -10.50%
- 1Y
- -12.49%
- 3Y*
- 5.42%
- 5Y*
- -8.72%
- 10Y*
- —
UGA
- 1D
- -1.12%
- 1M
- -12.11%
- YTD
- 64.09%
- 6M
- 60.42%
- 1Y
- 59.74%
- 3Y*
- 18.95%
- 5Y*
- 22.69%
- 10Y*
- 14.31%
BETZ vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BETZ Roundhill Sports Betting & iGaming ETF | -10.44% | 15.75% | 10.22% | 21.17% | -42.02% | -3.91% | 65.99% |
UGA United States Gasoline Fund LP | 64.09% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | 37.81% |
Correlation
The correlation between BETZ and UGA is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.12 |
The correlation between BETZ and UGA shifts across timeframes, from -0.15 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BETZ vs. UGA — Risk / Return Rank
BETZ
UGA
BETZ vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Sports Betting & iGaming ETF (BETZ) and United States Gasoline Fund LP (UGA). 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 | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.33 | ||
| Sortino ratioReturn per unit of downside risk | -2.99 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.30 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 3.17 | -3.60 |
| Martin ratioReturn relative to average drawdown | -0.71 | 9.39 | -10.10 |
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Drawdowns
BETZ vs. UGA - Drawdown Comparison
The maximum BETZ drawdown since its inception was -60.82%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for BETZ and UGA.
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Drawdown Indicators
| BETZ | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.82% | -86.59% | +25.77% |
Max Drawdown (1Y)Largest decline over 1 year | -29.20% | -18.96% | -10.24% |
Max Drawdown (3Y)Largest decline over 3 years | -29.20% | -26.68% | -2.52% |
Max Drawdown (5Y)Largest decline over 5 years | -59.79% | -38.11% | -21.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -39.41% | -18.05% | -21.36% |
Average DrawdownAverage peak-to-trough decline | -33.82% | -36.69% | +2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.59% | 6.43% | +11.16% |
Volatility
BETZ vs. UGA - Volatility Comparison
The current volatility for Roundhill Sports Betting & iGaming ETF (BETZ) is 6.83%, while United States Gasoline Fund LP (UGA) has a volatility of 9.24%. This indicates that BETZ experiences smaller price fluctuations and is considered to be less risky than UGA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BETZ | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.83% | 9.24% | -2.41% |
Volatility (6M)Calculated over the trailing 6-month period | 16.62% | 30.57% | -13.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.78% | 35.22% | -14.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.00% | 34.45% | -7.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.95% | 37.22% | -9.27% |
BETZ vs. UGA - Expense Ratio Comparison
Both BETZ and UGA have an expense ratio of 0.75%.
Dividends
BETZ vs. UGA - Dividend Comparison
BETZ's dividend yield for the trailing twelve months is around 5.11%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BETZ Roundhill Sports Betting & iGaming ETF | 5.11% | 4.57% | 0.86% | 0.00% | 0.66% | 0.00% | 0.28% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BETZ and UGA have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (9.24%) compared to BETZ (6.83%). In terms of maximum drawdown, BETZ dropped -60.82% vs UGA's -86.59%.
On 5-year performance, UGA leads with 22.69% vs -8.72% for BETZ. Both ETFs have the same 0.75% expense ratio. On volatility, BETZ has been the lower-risk option at 6.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, UGA has performed better with a 22.69% return vs -8.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BETZ and UGA have the same expense ratio: 0.75% per year.
BETZ has the higher dividend yield at 5.11%, compared with 0.00% for UGA.
BETZ is categorized as Consumer Discretionary Equities, while UGA is Oil & Gas. BETZ tracks Roundhill Sports Betting & iGaming Index, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: Roundhill Investments and Concierge Technologies.
UGA currently has the higher Sharpe Ratio (1.73 vs -0.60), 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.
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