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BETZ vs. XDTE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BETZ vs. XDTE

Last updated Aug 2, 2026
Documentation

BETZ (Roundhill Sports Betting & iGaming ETF) and XDTE (Roundhill S&P 500 0DTE Covered Call Strategy ETF) are both exchange-traded funds - BETZ is a Consumer Discretionary Equities fund tracking the Roundhill Sports Betting & iGaming Index, while XDTE is a Derivative Income fund actively managed by Roundhill. BETZ is passively managed, while XDTE is actively managed. Over the past year, BETZ returned -16.95% vs 20.16% for XDTE. Their 0.56 correlation means they have sometimes moved together and sometimes differently. BETZ charges 0.75%/yr vs 0.97%/yr for XDTE.

Performance

BETZ vs. XDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Sports Betting & iGaming ETF (BETZ) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BETZ achieves a -8.87% return, which is significantly lower than XDTE's 9.12% 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%

XDTE

1D
0.76%
1M
0.82%
6M
6.90%
YTD
9.12%
1Y
20.16%
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
16.39%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

BETZ

Roundhill Sports Betting & iGaming ETF
$205.48K$310.34K$782.30K

XDTE

Roundhill S&P 500 0DTE Covered Call Strategy ETF
$6.56M$7.73M$7.48M

BETZ vs. XDTE - Yearly Performance Comparison

2026 (YTD)20252024
BETZ
Roundhill Sports Betting & iGaming ETF		-8.87%15.75%8.37%
XDTE
Roundhill S&P 500 0DTE Covered Call Strategy ETF		9.12%12.60%17.12%

Correlation

The correlation between BETZ and XDTE is 0.45, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.45

Correlation (All Time)
Calculated using the full available price history since Mar 7, 2024

0.56

The correlation between BETZ and XDTE shifts across timeframes, from 0.45 (1 year) to 0.56 (all time), reflecting how their relationship changes across market environments.

BETZ vs. XDTE - Sectors Allocation Comparison

Sectors
BETZ
XDTE

Consumer Cyclical

77.1%
9.9%

Technology

8.6%
39.0%

Communication Services

3.9%
10.6%

Industrials

2.8%
7.8%

Financial Services

0.0%
11.1%

Basic Materials

-

1.7%

Consumer Defensive

-

4.5%

Energy

-

3.1%

Healthcare

-

8.3%

Real Estate

-

1.8%

Utilities

-

2.1%

Consumer Cyclical

BETZ
77.1%
XDTE
9.9%

Technology

BETZ
8.6%
XDTE
39.0%

Communication Services

BETZ
3.9%
XDTE
10.6%

Industrials

BETZ
2.8%
XDTE
7.8%

Financial Services

BETZ
0.0%
XDTE
11.1%

Basic Materials

BETZ

-

XDTE
1.7%

Consumer Defensive

BETZ

-

XDTE
4.5%

Energy

BETZ

-

XDTE
3.1%

Healthcare

BETZ

-

XDTE
8.3%

Real Estate

BETZ

-

XDTE
1.8%

Utilities

BETZ

-

XDTE
2.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Roundhill Sports Betting & iGaming ETF

Roundhill S&P 500 0DTE Covered Call Strategy ETF

Often compared with BETZ:
BETZ vs. FDISBETZ vs. ODDSBETZ vs. MGMBETZ vs. HTECBETZ vs. SPYBETZ vs. QQQBETZ vs. BRK-B
Often compared with XDTE:
XDTE vs. QDTEXDTE vs. SPYXDTE vs. YMAXXDTE vs. TSPYXDTE vs. RDTEXDTE vs. JEPIXDTE vs. XPAY

Return for Risk

BETZ vs. XDTE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
BETZ
BETZ Risk / Return Rank: 44
Overall Rank
BETZ Sharpe Ratio Rank: 33
Sharpe Ratio Rank
BETZ Sortino Ratio Rank: 33
Sortino Ratio Rank
BETZ Omega Ratio Rank: 33
Omega Ratio Rank
BETZ Calmar Ratio Rank: 44
Calmar Ratio Rank
BETZ Martin Ratio Rank: 55
Martin Ratio Rank
XDTE
XDTE Risk / Return Rank: 6969
Overall Rank
XDTE Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
XDTE Sortino Ratio Rank: 6363
Sortino Ratio Rank
XDTE Omega Ratio Rank: 6666
Omega Ratio Rank
XDTE Calmar Ratio Rank: 6969
Calmar Ratio Rank
XDTE Martin Ratio Rank: 7979
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BETZ vs. XDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Sports Betting & iGaming ETF (BETZ) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). 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.

BETZXDTEDifference
Sharpe ratioReturn per unit of total volatility
-0.83
1.53

-2.36

Sortino ratioReturn per unit of downside risk
-1.09
2.09

-3.18

Omega ratioGain probability vs. loss probability

0.88

1.28

-0.40

Calmar ratioReturn relative to maximum drawdown

-0.60

2.39

-2.99

Martin ratioReturn relative to average drawdown

-0.93

10.12

-11.05

BETZ vs. XDTE - Sharpe Ratio Comparison

The current BETZ Sharpe Ratio is -0.83, which is lower than the XDTE Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of BETZ and XDTE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

BETZ vs. XDTE - Drawdown Comparison

The maximum BETZ drawdown since its inception was -60.82%, which is greater than XDTE's maximum drawdown of -19.09%. Use the drawdown chart below to compare losses from any high point for BETZ and XDTE.

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Drawdown Indicators

BETZXDTEDifference

Max Drawdown

Largest peak-to-trough decline

-60.82%

-19.09%

-41.73%

Max Drawdown (1Y)

Largest decline over 1 year

-29.20%

-7.68%

-21.52%

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

-38.35%

-0.60%

-37.75%

Average Drawdown

Average peak-to-trough decline

-33.89%

-2.26%

-31.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

18.92%

1.81%

+17.11%

Volatility

BETZ vs. XDTE - Volatility Comparison

Roundhill Sports Betting & iGaming ETF (BETZ) has a higher volatility of 5.96% compared to Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) at 3.48%. This indicates that BETZ's price experiences larger fluctuations and is considered to be riskier than XDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BETZXDTEDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.96%

3.48%

+2.48%

Volatility (6M)

Calculated over the trailing 6-month period

17.04%

9.30%

+7.74%

Volatility (1Y)

Calculated over the trailing 1-year period

21.17%

11.96%

+9.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

26.97%

13.86%

+13.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.85%

13.86%

+13.99%

BETZ vs. XDTE - Expense Ratio Comparison

BETZ has a 0.75% expense ratio, which is lower than XDTE's 0.97% expense ratio.

Dividends

BETZ vs. XDTE - Dividend Comparison

BETZ's dividend yield for the trailing twelve months is around 5.02%, less than XDTE's 32.04% yield.

PositionTTM202520242023202220212020
BETZ
Roundhill Sports Betting & iGaming ETF		5.02%4.57%0.86%0.00%0.66%0.00%0.28%
XDTE
Roundhill S&P 500 0DTE Covered Call Strategy ETF		32.04%39.16%20.35%0.00%0.00%0.00%0.00%

Frequently Asked Questions

BETZ and XDTE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BETZ has higher volatility (5.96%) compared to XDTE (3.48%). In terms of maximum drawdown, BETZ dropped -60.82% vs XDTE's -19.09%.

On 1-year performance, XDTE leads with 20.16% vs -16.95% for BETZ. On fees, BETZ is cheaper at 0.75% per year. On volatility, XDTE has been the lower-risk option at 3.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, XDTE has performed better with a 20.16% 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 0.97% for XDTE.

XDTE has the higher dividend yield at 32.04%, compared with 5.02% for BETZ.

BETZ is categorized as Consumer Discretionary Equities, while XDTE is Derivative Income. Their fees differ too: 0.75% for BETZ and 0.97% for XDTE.

XDTE currently has the higher Sharpe Ratio (1.53 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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