MGM vs. BETZ

Last updated Jun 3, 2026

MGM (MGM Resorts International) is a stock, while BETZ (Roundhill Sports Betting & iGaming ETF) is Consumer Discretionary Equities fund tracking the Roundhill Sports Betting & iGaming Index. Over the past 5 years, MGM returned 2.60%/yr vs -8.45%/yr for BETZ. A 0.65 correlation means they provide meaningful diversification when combined.

Performance

MGM vs. BETZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MGM Resorts International (MGM) 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, MGM achieves a 32.53% return, which is significantly higher than BETZ's -9.29% return.

MGM

• 1D: -4.60%
• 1M: 25.61%
• YTD: 32.53%
• 6M: 36.84%
• 1Y: 55.15%
• 3Y*: 5.91%
• 5Y*: 2.60%
• 10Y*: 7.84%

BETZ

• 1D: -0.47%
• 1M: -1.76%
• YTD: -9.29%
• 6M: -6.63%
• 1Y: -5.17%
• 3Y*: 5.35%
• 5Y*: -8.45%
• 10Y*: —

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

MGM vs. BETZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MGM MGM Resorts International	32.53%	5.31%	-22.45%	33.25%	-25.27%	42.47%	45.12%
BETZ Roundhill Sports Betting & iGaming ETF	-9.29%	15.75%	10.22%	21.17%	-42.02%	-3.91%	60.54%

Correlation

The correlation between MGM and BETZ is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (All Time) Calculated using the full available price history since Jun 5, 2020	0.65

The correlation between MGM and BETZ shifts across timeframes, from 0.52 (1 year) to 0.67 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

MGM vs. BETZ — Risk / Return Rank

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

MGM

MGM Risk / Return Rank: 77
MGM Sharpe Ratio Rank: 79
MGM Sortino Ratio Rank: 79
MGM Omega Ratio Rank: 74
MGM Calmar Ratio Rank: 77
MGM Martin Ratio Rank: 75

BETZ

BETZ Risk / Return Rank: 6
BETZ Sharpe Ratio Rank: 6
BETZ Sortino Ratio Rank: 6
BETZ Omega Ratio Rank: 6
BETZ Calmar Ratio Rank: 7
BETZ Martin Ratio Rank: 7

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.

MGM vs. BETZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MGM Resorts International (MGM) 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.

	MGM	BETZ	Difference
Sharpe ratio Return per unit of total volatility	1.36	-0.25	+1.62
Sortino ratio Return per unit of downside risk	2.26	-0.22	+2.47
Omega ratio Gain probability vs. loss probability	1.26	0.97	+0.29
Calmar ratio Return relative to maximum drawdown	2.32	-0.22	+2.54
Martin ratio Return relative to average drawdown	5.00	-0.38	+5.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MGM vs. BETZ - Sharpe Ratio Comparison

The current MGM Sharpe Ratio is 1.36, which is higher than the BETZ Sharpe Ratio of -0.25. The chart below compares the historical Sharpe Ratios of MGM 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.

Sharpe Ratios by Period

	MGM	BETZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.36	-0.25	+1.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.06	-0.32	+0.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.17	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.14	+0.02

Drawdowns

MGM vs. BETZ - Drawdown Comparison

The maximum MGM drawdown since its inception was -98.11%, which is greater than BETZ's maximum drawdown of -60.82%. Use the drawdown chart below to compare losses from any high point for MGM and BETZ.

Drawdown Indicators

	MGM	BETZ	Difference
Max Drawdown Largest peak-to-trough decline	-98.11%	-60.82%	-37.29%
Max Drawdown (1Y) Largest decline over 1 year	-22.76%	-29.20%	+6.44%
Max Drawdown (3Y) Largest decline over 3 years	-49.33%	-29.20%	-20.13%
Max Drawdown (5Y) Largest decline over 5 years	-49.33%	-60.35%	+11.02%
Max Drawdown (10Y) Largest decline over 10 years	-80.42%	—	—
Current Drawdown Current decline from peak	-48.68%	-38.64%	-10.04%
Average Drawdown Average peak-to-trough decline	-46.42%	-33.81%	-12.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.56%	16.93%	-6.37%

Volatility

MGM vs. BETZ - Volatility Comparison

MGM Resorts International (MGM) has a higher volatility of 19.28% compared to Roundhill Sports Betting & iGaming ETF (BETZ) at 5.46%. This indicates that MGM'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

	MGM	BETZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.28%	5.46%	+13.82%
Volatility (6M) Calculated over the trailing 6-month period	31.58%	15.77%	+15.81%
Volatility (1Y) Calculated over the trailing 1-year period	40.73%	20.49%	+20.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.46%	26.95%	+13.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.83%	27.95%	+17.88%

Dividends

MGM vs. BETZ - Dividend Comparison

MGM has not paid dividends to shareholders, while BETZ's dividend yield for the trailing twelve months is around 5.04%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BETZ Roundhill Sports Betting & iGaming ETF	5.04%	4.57%	0.86%	0.00%	0.66%	0.00%	0.28%	0.00%	0.00%	0.00%
MGM MGM Resorts International	0.00%	0.00%	0.00%	0.00%	0.03%	0.02%	0.50%	1.56%	1.98%	1.32%

Frequently Asked Questions

Can I hold both MGM and BETZ in my portfolio?

MGM and BETZ have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MGM or BETZ?

MGM has higher volatility (19.28%) compared to BETZ (5.46%). In terms of maximum drawdown, MGM dropped -98.11% vs BETZ's -60.82%.

Which has better risk-adjusted returns?

MGM currently has the higher Sharpe Ratio (1.36 vs -0.25), 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.