BETZ vs. WNTR
BETZ (Roundhill Sports Betting & iGaming ETF) and WNTR (YieldMax MSTR Short Option Income Strategy ETF) are both exchange-traded funds - BETZ is a Consumer Discretionary Equities fund tracking the Roundhill Sports Betting & iGaming Index, while WNTR is a Derivative Income fund actively managed by YieldMax. BETZ is passively managed, while WNTR is actively managed. Over the past year, BETZ returned -16.95% vs 107.38% for WNTR. Their -0.27 correlation means they have often moved in opposite directions in the past. BETZ charges 0.75%/yr vs 1.00%/yr for WNTR.
Performance
BETZ vs. WNTR - Performance Comparison
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Returns By Period
In the year-to-date period, BETZ achieves a -8.87% return, which is significantly lower than WNTR's 10.75% return.
BETZ
- 1D
- -0.58%
- 1M
- 0.36%
- 6M
- 2.90%
- YTD
- -8.87%
- 1Y
- -16.95%
- 3Y*
- 3.15%
- 5Y*
- -5.84%
- 10Y*
- —
- ALL TIME*
- 4.39%
WNTR
- 1D
- 3.26%
- 1M
- 8.13%
- 6M
- 14.92%
- YTD
- 10.75%
- 1Y
- 107.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 47.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $205.48K | $310.34K | $782.30K | |
| $4.02M | $3.86M | $3.95M |
BETZ vs. WNTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BETZ Roundhill Sports Betting & iGaming ETF | -8.87% | 12.03% |
WNTR YieldMax MSTR Short Option Income Strategy ETF | 10.75% | 52.78% |
Correlation
The correlation between BETZ and WNTR is -0.26, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.26 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025 | -0.27 |
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Return for Risk
BETZ vs. WNTR — Risk / Return Rank
BETZ
WNTR
BETZ vs. WNTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Sports Betting & iGaming ETF (BETZ) and YieldMax MSTR Short Option Income Strategy ETF (WNTR). 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 | WNTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.95 | ||
| Sortino ratioReturn per unit of downside risk | -3.46 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.32 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | 2.71 | -3.31 |
| Martin ratioReturn relative to average drawdown | -0.93 | 6.87 | -7.79 |
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Drawdowns
BETZ vs. WNTR - Drawdown Comparison
The maximum BETZ drawdown since its inception was -60.82%, which is greater than WNTR's maximum drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for BETZ and WNTR.
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Drawdown Indicators
| BETZ | WNTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.82% | -42.65% | -18.17% |
Max Drawdown (1Y)Largest decline over 1 year | -29.20% | -42.65% | +13.45% |
Max Drawdown (3Y)Largest decline over 3 years | -29.20% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -59.79% | — | — |
Current DrawdownCurrent decline from peak | -38.35% | -9.64% | -28.71% |
Average DrawdownAverage peak-to-trough decline | -33.89% | -20.18% | -13.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.92% | 16.81% | +2.11% |
Volatility
BETZ vs. WNTR - Volatility Comparison
The current volatility for Roundhill Sports Betting & iGaming ETF (BETZ) is 5.96%, while YieldMax MSTR Short Option Income Strategy ETF (WNTR) has a volatility of 14.85%. This indicates that BETZ experiences smaller price fluctuations and is considered to be less risky than WNTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BETZ | WNTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.96% | 14.85% | -8.89% |
Volatility (6M)Calculated over the trailing 6-month period | 17.04% | 47.43% | -30.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.17% | 54.68% | -33.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.97% | 53.42% | -26.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.85% | 53.42% | -25.57% |
BETZ vs. WNTR - Expense Ratio Comparison
BETZ has a 0.75% expense ratio, which is lower than WNTR's 1.00% expense ratio.
Dividends
BETZ vs. WNTR - Dividend Comparison
BETZ's dividend yield for the trailing twelve months is around 5.02%, less than WNTR's 107.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BETZ Roundhill Sports Betting & iGaming ETF | 5.02% | 4.57% | 0.86% | 0.00% | 0.66% | 0.00% | 0.28% |
WNTR YieldMax MSTR Short Option Income Strategy ETF | 107.02% | 58.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BETZ and WNTR have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WNTR has higher volatility (14.85%) compared to BETZ (5.96%). In terms of maximum drawdown, BETZ dropped -60.82% vs WNTR's -42.65%.
On 1-year performance, WNTR leads with 107.38% vs -16.95% for BETZ. On fees, BETZ is cheaper at 0.75% per year. On volatility, BETZ has been the lower-risk option at 5.96%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, WNTR has performed better with a 107.38% return vs -16.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BETZ is cheaper with a 0.75% expense ratio, compared with 1.00% for WNTR.
WNTR has the higher dividend yield at 107.02%, compared with 5.02% for BETZ.
BETZ is categorized as Consumer Discretionary Equities, while WNTR is Derivative Income. They also come from different issuers: Roundhill and YieldMax. Their fees differ too: 0.75% for BETZ and 1.00% for WNTR.
WNTR currently has the higher Sharpe Ratio (2.12 vs -0.83), 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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