METV vs. BETZ

Last updated Jul 18, 2026

METV (Roundhill Ball Metaverse ETF) and BETZ (Roundhill Sports Betting & iGaming ETF) are both exchange-traded funds - METV is a Technology Equities fund tracking the Ball Metaverse Index - Benchmark TR Net, while BETZ is a Consumer Discretionary Equities fund tracking the Roundhill Sports Betting & iGaming Index. Both are passively managed. Over the past 5 years, METV returned 5.55%/yr vs -5.78%/yr for BETZ. A 0.68 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

METV vs. BETZ - Performance Comparison

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

Returns By Period

In the year-to-date period, METV achieves a -0.11% return, which is significantly higher than BETZ's -8.59% return.

METV

• 1D: -1.52%
• 1M: 2.85%
• 6M: -3.20%
• YTD: -0.11%
• 1Y: 2.75%
• 3Y*: 19.69%
• 5Y*: 5.55%
• 10Y*: —

BETZ

• 1D: -0.99%
• 1M: -2.05%
• 6M: -1.91%
• YTD: -8.59%
• 1Y: -18.10%
• 3Y*: 2.59%
• 5Y*: -5.78%
• 10Y*: —

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

METV vs. BETZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
METV Roundhill Ball Metaverse ETF	-0.11%	30.83%	24.93%	60.57%	-52.66%	0.66%
BETZ Roundhill Sports Betting & iGaming ETF	-8.59%	15.75%	10.22%	21.17%	-42.02%	-19.07%

Correlation

The correlation between METV and BETZ is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (All Time) Calculated using the full available price history since Jun 30, 2021	0.68

Over the past year, the correlation between METV and BETZ has dropped to 0.43 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.

METV vs. BETZ - Sectors Allocation Comparison

Sectors	METV	BETZ
Technology	55.6%	2.9%
Communication Services	33.6%	1.1%
Consumer Cyclical	7.7%	96.0%
Financial Services	3.1%	0.0%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

METV vs. BETZ — Risk / Return Rank

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

METV

METV Risk / Return Rank: 11
METV Sharpe Ratio Rank: 12
METV Sortino Ratio Rank: 11
METV Omega Ratio Rank: 11
METV Calmar Ratio Rank: 11
METV Martin Ratio Rank: 11

BETZ

BETZ Risk / Return Rank: 4
BETZ Sharpe Ratio Rank: 2
BETZ Sortino Ratio Rank: 3
BETZ Omega Ratio Rank: 3
BETZ Calmar Ratio Rank: 4
BETZ Martin Ratio Rank: 5

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.

METV vs. BETZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Ball Metaverse ETF (METV) and Roundhill Sports Betting & iGaming ETF (BETZ). 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.

	METV	BETZ	Difference
Sharpe ratio: Return per unit of total volatility	0.11	-0.87	+0.98
Sortino ratio: Return per unit of downside risk	0.32	-1.16	+1.48
Omega ratio: Gain probability vs. loss probability	1.04	0.87	+0.17
Calmar ratio: Return relative to maximum drawdown	0.10	-0.62	+0.72
Martin ratio: Return relative to average drawdown	0.21	-0.98	+1.19

METV vs. BETZ - Sharpe Ratio Comparison

The current METV Sharpe Ratio is 0.11, which is higher than the BETZ Sharpe Ratio of -0.87. The chart below compares the historical Sharpe Ratios of METV and BETZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

METV vs. BETZ - Drawdown Comparison

The maximum METV drawdown since its inception was -59.64%, roughly equal to the maximum BETZ drawdown of -60.82%. Use the drawdown chart below to compare losses from any high point for METV and BETZ.

Drawdown Indicators

	METV	BETZ	Difference
Max Drawdown Largest peak-to-trough decline	-59.64%	-60.82%	+1.18%
Max Drawdown (1Y) Largest decline over 1 year	-28.27%	-29.20%	+0.93%
Max Drawdown (3Y) Largest decline over 3 years	-28.27%	-29.20%	+0.93%
Max Drawdown (5Y) Largest decline over 5 years	-59.64%	-59.79%	+0.15%
Current Drawdown Current decline from peak	-11.64%	-38.16%	+26.52%
Average Drawdown Average peak-to-trough decline	-25.68%	-33.87%	+8.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.12%	18.45%	-5.33%

Volatility

METV vs. BETZ - Volatility Comparison

Roundhill Ball Metaverse ETF (METV) has a higher volatility of 6.85% compared to Roundhill Sports Betting & iGaming ETF (BETZ) at 5.83%. This indicates that METV's price experiences larger fluctuations and is considered to be riskier than BETZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	METV	BETZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.85%	5.83%	+1.02%
Volatility (6M) Calculated over the trailing 6-month period	19.71%	16.80%	+2.91%
Volatility (1Y) Calculated over the trailing 1-year period	25.31%	20.82%	+4.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.05%	26.96%	+3.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.94%	27.86%	+2.08%

METV vs. BETZ - Expense Ratio Comparison

Both METV and BETZ have an expense ratio of 0.75%.

Dividends

METV vs. BETZ - Dividend Comparison

METV's dividend yield for the trailing twelve months is around 0.18%, less than BETZ's 5.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BETZ Roundhill Sports Betting & iGaming ETF	5.00%	4.57%	0.86%	0.00%	0.66%	0.00%	0.28%
METV Roundhill Ball Metaverse ETF	0.18%	0.18%	0.00%	0.17%	0.09%	0.00%	0.00%

Frequently Asked Questions

Can I hold both METV and BETZ in my portfolio?

METV and BETZ have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, METV or BETZ?

METV has higher volatility (6.85%) compared to BETZ (5.83%). In terms of maximum drawdown, METV dropped -59.64% vs BETZ's -60.82%.

Which ETF is better, METV or BETZ?

On 5-year performance, METV leads with 5.55% vs -5.78% for BETZ. Both ETFs have the same 0.75% expense ratio. On volatility, BETZ has been the lower-risk option at 5.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, METV or BETZ?

Over the 5-year period, METV has performed better with a 5.55% return vs -5.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, METV or BETZ?

METV and BETZ have the same expense ratio: 0.75% per year.

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

BETZ has the higher dividend yield at 5.00%, compared with 0.18% for METV.

What is the main difference between METV and BETZ?

METV is categorized as Technology Equities, while BETZ is Consumer Discretionary Equities. METV tracks Ball Metaverse Index - Benchmark TR Net, while BETZ tracks Roundhill Sports Betting & iGaming Index.

Which has better risk-adjusted returns?

METV currently has the higher Sharpe Ratio (0.11 vs -0.87), 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.