MGM vs. BETZ
Compare and contrast key facts about MGM Resorts International (MGM) and Roundhill Sports Betting & iGaming ETF (BETZ).
BETZ is a passively managed fund by Roundhill Investments that tracks the performance of the Roundhill Sports Betting & iGaming Index. It was launched on Jun 4, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MGM or BETZ.
Key characteristics
| MGM | BETZ | |
|---|---|---|
| YTD Return | -17.88% | 11.71% |
| 1Y Return | -3.98% | 24.41% |
| 3Y Return (Ann) | -8.15% | -12.83% |
| Sharpe Ratio | -0.15 | 1.04 |
| Sortino Ratio | 0.03 | 1.59 |
| Omega Ratio | 1.00 | 1.18 |
| Calmar Ratio | -0.08 | 0.40 |
| Martin Ratio | -0.38 | 3.98 |
| Ulcer Index | 13.46% | 5.27% |
| Daily Std Dev | 34.67% | 20.16% |
| Max Drawdown | -98.11% | -60.82% |
| Current Drawdown | -61.06% | -40.76% |
Correlation
The correlation between MGM and BETZ is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MGM vs. BETZ - Performance Comparison
In the year-to-date period, MGM achieves a -17.88% return, which is significantly lower than BETZ's 11.71% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
MGM vs. BETZ - Risk-Adjusted Performance 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.
Dividends
MGM vs. BETZ - Dividend Comparison
Neither MGM nor BETZ has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
MGM MGM Resorts International | 0.00% | 0.00% | 0.04% | 0.03% | 0.50% | 1.56% | 1.98% | 1.32% |
BETZ Roundhill Sports Betting & iGaming ETF | 0.00% | 0.00% | 0.66% | 0.00% | 0.27% | 0.00% | 0.00% | 0.00% |
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. For additional features, visit the drawdowns tool.
Volatility
MGM vs. BETZ - Volatility Comparison
MGM Resorts International (MGM) has a higher volatility of 14.06% compared to Roundhill Sports Betting & iGaming ETF (BETZ) at 5.41%. 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.