BETZ
Roundhill Sports Betting & iGaming ETF
BETZ tracks a tier-weighted index of global companies selected by committee that are involved in the sports betting & iGaming industry.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
66.4 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Fund sponsor | Roundhill Investments |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 04, 2020 |
| Assets (mns) | $66 |
| Expense ratio | 75 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Committee |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| PADDY POWER PLC | 8.3 % |
| LOTTOMATICA GROUP SPA | 7.8 % |
| SPORTS ENTERTAINMENT ACQUISITION CORP CL | 6.8 % |
| GENIUS SPORTS LIMITED | 6.3 % |
| RUSH STREET INTERACTIVE, INC. CLASS A | 5.6 % |
| SPORTRADAR GROUP AG-A | 5.6 % |
| BETSSON AB | 5.3 % |
| DRAFTKINGS INC CLASS A | 5.2 % |
| THE LOTTERY CORPORATION LTD | 5.1 % |
| OPAP SA | 4.9 % |
Constituent Breakdown
| Number of holdings | 26 |
| Herfindahl-Hirschman Index | 501 |
| Wgt avg mkt cap (mns) | $6,943 |
| Large cap (>$10bn) | 18.1% |
| Mid cap ($2-10bn) | 31.4% |
| Small cap (<$2bn) | 25.1% |
| Developed mkts. | 79.4% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 36.2 % |
 |
BRITAIN | 13.3 % |
 |
IRELAND | 8.3 % |
 |
AUSTRALIA | 5.9 % |
 |
GREECE | 5.2 % |
 |
SWEDEN | 4.4 % |
 |
FRANCE | 2.4 % |
 |
JAPAN | 1.7 % |
 |
MALTA | 0.8 % |
 |
DENMARK | 0.7 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 12.4% | 15.3% | 20.2% | 13.0% | 1.8% | -- | -- | 5.3% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.2% | 0.2% | -- | -- | 0.2% |
| Total Returns | 12.4% | 15.3% | 20.2% | 13.2% | 2.0% | -- | -- | 5.4% | Ann. Volatility | 23.6% | 22.7% | 21.8% | 22.7% | 27.9% | -- | -- | 28.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.32 | 58% |
| MSCI EAFE | 0.89 | 34% |
| MSCI Emg Mkts | 0.73 | 27% |
Liquidity Measures
| Avg. volume (000) | 21 |
| ADV traded (mns) | $0 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.35% |
Technical Indicators
| Recent close | $21.25 |
| 30d moving avg. | $23.01 |
| Annualized volatility | 22.5% |
| Relative strength (RSI) | 32 |
| Short interest | 0.3% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| ODDS | Pacer BlueStar Digital Entertainment ETF | 34.4% | -15 bp | +2.6% |
| BJK | VanEck Gaming ETF | 33.5% | -10 bp | +4.6% |
| BNGE | First Trust S-Network Streaming and Gaming ETF | 15.7% | -5 bp | +2.7% |
| PEJ | Invesco Leisure and Entertainment ETF | 10.5% | -17 bp | +1.1% |
Risk and Returns: BETZ vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/4/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
BETZ
2.8%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 370 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
3.1%. BETZ's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places BETZ in the 33rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
BETZSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 177 |
| Avg. Expense Ratio | 55.1 bp |
| Std. Deviation | 18.1 bp |
| BETZ (75 bp) Percentile rank | 86 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| BETZ | 75.0 | 34.7 | 109.7 |
| Peer Avg. | 55.1 | 39.5 | 94.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .