BETZ vs. UNHW

Last updated Jul 14, 2026

BETZ (Roundhill Sports Betting & iGaming ETF) and UNHW (Roundhill UNH WeeklyPay ETF) are both exchange-traded funds - BETZ is a Consumer Discretionary Equities fund tracking the Roundhill Sports Betting & iGaming Index, while UNHW is a Leveraged Equities fund actively managed by Roundhill Investments. BETZ is passively managed, while UNHW is actively managed. At a 0.15 correlation, their price movements are largely independent. BETZ charges 0.75%/yr vs 0.99%/yr for UNHW.

Performance

BETZ vs. UNHW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Sports Betting & iGaming ETF (BETZ) and Roundhill UNH WeeklyPay ETF (UNHW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BETZ achieves a -6.53% return, which is significantly lower than UNHW's 34.33% return.

BETZ

• 1D: 0.62%
• 1M: -2.63%
• 6M: -3.30%
• YTD: -6.53%
• 1Y: -15.03%
• 3Y*: 3.77%
• 5Y*: -6.09%
• 10Y*: —

UNHW

• 1D: 1.17%
• 1M: 6.42%
• 6M: 29.76%
• YTD: 34.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BETZ vs. UNHW - Yearly Performance Comparison

	2026 (YTD)	2025
BETZ Roundhill Sports Betting & iGaming ETF	-6.53%	2.93%
UNHW Roundhill UNH WeeklyPay ETF	34.33%	1.54%

Correlation

The correlation between BETZ and UNHW is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 3, 2025	0.15

BETZ vs. UNHW - Sectors Allocation Comparison

Sectors	BETZ	UNHW
Consumer Cyclical	96.0%	-
Technology	2.9%	-
Communication Services	1.1%	-
Financial Services	0.0%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	27.9%
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

BETZ vs. UNHW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BETZ

BETZ Risk / Return Rank: 4
BETZ Sharpe Ratio Rank: 3
BETZ Sortino Ratio Rank: 4
BETZ Omega Ratio Rank: 4
BETZ Calmar Ratio Rank: 5
BETZ Martin Ratio Rank: 5

UNHW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BETZ vs. UNHW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Sports Betting & iGaming ETF (BETZ) and Roundhill UNH WeeklyPay ETF (UNHW). 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	UNHW	Difference
Sharpe ratio: Return per unit of total volatility	-0.73	—	—
Sortino ratio: Return per unit of downside risk	-0.93	—	—
Omega ratio: Gain probability vs. loss probability	0.90	—	—
Calmar ratio: Return relative to maximum drawdown	-0.52	—	—
Martin ratio: Return relative to average drawdown	-0.82	—	—

Drawdowns

BETZ vs. UNHW - Drawdown Comparison

The maximum BETZ drawdown since its inception was -60.82%, which is greater than UNHW's maximum drawdown of -32.28%. Use the drawdown chart below to compare losses from any high point for BETZ and UNHW.

Drawdown Indicators

	BETZ	UNHW	Difference
Max Drawdown Largest peak-to-trough decline	-60.82%	-32.28%	-28.54%
Max Drawdown (1Y) Largest decline over 1 year	-29.20%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-29.20%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-59.79%	—	—
Current Drawdown Current decline from peak	-36.77%	-0.53%	-36.24%
Average Drawdown Average peak-to-trough decline	-33.86%	-10.44%	-23.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.27%	—	—

Volatility

Volatility by Period

	BETZ	UNHW	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.69%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.74%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.76%	47.47%	-26.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.99%	47.47%	-20.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.88%	47.47%	-19.59%

BETZ vs. UNHW - Expense Ratio Comparison

BETZ has a 0.75% expense ratio, which is lower than UNHW's 0.99% expense ratio.

Dividends

BETZ vs. UNHW - Dividend Comparison

BETZ's dividend yield for the trailing twelve months is around 4.89%, less than UNHW's 19.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BETZ Roundhill Sports Betting & iGaming ETF	4.89%	4.57%	0.86%	0.00%	0.66%	0.00%	0.28%
UNHW Roundhill UNH WeeklyPay ETF	19.47%	2.81%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BETZ and UNHW in my portfolio?

BETZ and UNHW 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.

Which ETF is better, BETZ or UNHW?

On fees, BETZ is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BETZ or UNHW?

BETZ is cheaper with a 0.75% expense ratio, compared with 0.99% for UNHW.

Which ETF pays a higher dividend yield, BETZ or UNHW?

UNHW has the higher dividend yield at 19.47%, compared with 4.89% for BETZ.

What is the main difference between BETZ and UNHW?

BETZ is categorized as Consumer Discretionary Equities, while UNHW is Leveraged Equities. Their fees differ too: 0.75% for BETZ and 0.99% for UNHW.