BETZ vs. UUP
BETZ (Roundhill Sports Betting & iGaming ETF) and UUP (Invesco DB US Dollar Index Bullish Fund) are both exchange-traded funds - BETZ is a Consumer Discretionary Equities fund tracking the Roundhill Sports Betting & iGaming Index, while UUP is a Currency fund tracking the Deutsche Bank Long US Dollar Index (USDX) Futures Index. Both are passively managed. Over the past 5 years, BETZ returned -6.09%/yr vs 5.89%/yr for UUP. At a correlation of -0.38, they often move in opposite directions. Both charge a 0.75% expense ratio.
Performance
BETZ vs. UUP - Performance Comparison
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Returns By Period
In the year-to-date period, BETZ achieves a -6.53% return, which is significantly lower than UUP's 5.44% return.
BETZ
- 1D
- 0.62%
- 1M
- -2.63%
- 6M
- -3.30%
- YTD
- -6.53%
- 1Y
- -15.03%
- 3Y*
- 3.77%
- 5Y*
- -6.09%
- 10Y*
- —
UUP
- 1D
- 0.39%
- 1M
- 1.97%
- 6M
- 4.47%
- YTD
- 5.44%
- 1Y
- 8.28%
- 3Y*
- 5.86%
- 5Y*
- 5.89%
- 10Y*
- 3.17%
BETZ vs. UUP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BETZ Roundhill Sports Betting & iGaming ETF | -6.53% | 15.75% | 10.22% | 21.17% | -42.02% | -3.91% | 65.99% |
UUP Invesco DB US Dollar Index Bullish Fund | 5.44% | -4.99% | 13.50% | 3.63% | 9.46% | 5.73% | -7.69% |
Correlation
The correlation between BETZ and UUP is -0.29, 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 | -0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.36 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | -0.38 |
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Return for Risk
BETZ vs. UUP — Risk / Return Rank
BETZ
UUP
BETZ vs. UUP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Sports Betting & iGaming ETF (BETZ) and Invesco DB US Dollar Index Bullish Fund (UUP). 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 | UUP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.11 | ||
| Sortino ratioReturn per unit of downside risk | -2.91 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.25 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 2.28 | -2.80 |
| Martin ratioReturn relative to average drawdown | -0.82 | 6.26 | -7.09 |
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Drawdowns
BETZ vs. UUP - Drawdown Comparison
The maximum BETZ drawdown since its inception was -60.82%, which is greater than UUP's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for BETZ and UUP.
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Drawdown Indicators
| BETZ | UUP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.82% | -22.19% | -38.63% |
Max Drawdown (1Y)Largest decline over 1 year | -29.20% | -3.65% | -25.55% |
Max Drawdown (3Y)Largest decline over 3 years | -29.20% | -10.05% | -19.15% |
Max Drawdown (5Y)Largest decline over 5 years | -59.79% | -10.37% | -49.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.24% | — |
Current DrawdownCurrent decline from peak | -36.77% | -1.26% | -35.51% |
Average DrawdownAverage peak-to-trough decline | -33.86% | -8.88% | -24.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.27% | 1.33% | +16.94% |
Volatility
BETZ vs. UUP - Volatility Comparison
Roundhill Sports Betting & iGaming ETF (BETZ) has a higher volatility of 5.69% compared to Invesco DB US Dollar Index Bullish Fund (UUP) at 1.45%. This indicates that BETZ's price experiences larger fluctuations and is considered to be riskier than UUP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BETZ | UUP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.69% | 1.45% | +4.24% |
Volatility (6M)Calculated over the trailing 6-month period | 16.74% | 4.34% | +12.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.76% | 6.03% | +14.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.99% | 7.22% | +19.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.88% | 6.90% | +20.98% |
BETZ vs. UUP - Expense Ratio Comparison
Both BETZ and UUP have an expense ratio of 0.75%.
Dividends
BETZ vs. UUP - Dividend Comparison
BETZ's dividend yield for the trailing twelve months is around 4.89%, more than UUP's 3.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BETZ Roundhill Sports Betting & iGaming ETF | 4.89% | 4.57% | 0.86% | 0.00% | 0.66% | 0.00% | 0.28% | 0.00% | 0.00% | 0.00% |
UUP Invesco DB US Dollar Index Bullish Fund | 3.25% | 3.43% | 4.48% | 6.44% | 0.89% | 0.00% | 0.00% | 2.03% | 1.08% | 0.10% |
Frequently Asked Questions
BETZ and UUP have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BETZ has higher volatility (5.69%) compared to UUP (1.45%). In terms of maximum drawdown, BETZ dropped -60.82% vs UUP's -22.19%.
On 5-year performance, UUP leads with 5.89% vs -6.09% for BETZ. Both ETFs have the same 0.75% expense ratio. On volatility, UUP has been the lower-risk option at 1.45%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, UUP has performed better with a 5.89% return vs -6.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BETZ and UUP have the same expense ratio: 0.75% per year.
BETZ has the higher dividend yield at 4.89%, compared with 3.25% for UUP.
BETZ is categorized as Consumer Discretionary Equities, while UUP is Currency. BETZ tracks Roundhill Sports Betting & iGaming Index, while UUP tracks Deutsche Bank Long US Dollar Index (USDX) Futures Index. They also come from different issuers: Roundhill Investments and Invesco.
UUP currently has the higher Sharpe Ratio (1.38 vs -0.73), 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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