NERD
Roundhill Video Games ETF
The Roundhill BITKRAFT Esports & Digital Entertainment ETF is designed to offer retail and institutional investors exposure to esports & digital entertainment by providing investment results that closely correspond, before fees and expenses, to the perfo
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
25.5 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
| Fund sponsor | Roundhill Financial Inc. |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 03, 2019 |
| Assets (mns) | $25 |
| Expense ratio | 50 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| APPLOVIN CORP. CLASS A | 14.3 % |
| NINTENDO CO LTD | 12.2 % |
| ROBLOX CORP. CLASS A | 8.9 % |
| TAKE-TWO INTERACTIVE SOFTWRE | 5.1 % |
| ELECTRONIC ARTS INC | 5.0 % |
| UNITY SOFTWARE, INC. | 4.0 % |
| NEXON CO LTD | 2.9 % |
| KONAMI CORP | 2.7 % |
| NAMCO BANDAI HOLDINGS INC | 2.7 % |
| CAPCOM CO LTD | 2.5 % |
Constituent Breakdown
| Number of holdings | 33 |
| Herfindahl-Hirschman Index | 551 |
| Wgt avg mkt cap (mns) | $40,641 |
| Large cap (>$10bn) | 57.4% |
| Mid cap ($2-10bn) | 15.6% |
| Small cap (<$2bn) | 24.6% |
| Developed mkts. | 79.3% |
| Emerging mkts. | 19.5% |
Country Exposure
 |
UNITED STATES | 37.2 % |
 |
JAPAN | 34.1 % |
 |
SOUTH KOREA | 14.5 % |
 |
SWEDEN | 5.4 % |
 |
BRITAIN | 2.4 % |
 |
POLAND | 2.2 % |
 |
HONG KONG | 2.1 % |
 |
FRANCE | 1.7 % |
Historical Performance
Standardized Performance (as of 08/29/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 35.8% | 57.7% | 35.1% | 17.6% | 0.9% | -- | -- | 9.7% |
| Dividend Yield | 0.0% | 0.0% | 0.7% | 0.7% | 0.6% | -- | -- | 0.6% |
| Total Returns | 35.8% | 57.7% | 35.8% | 18.3% | 1.4% | -- | -- | 10.2% | Ann. Volatility | 24.8% | 24.0% | 21.2% | 21.9% | 25.6% | -- | -- | 26.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.17 | 65% |
| MSCI EAFE | 0.76 | 31% |
| MSCI Emg Mkts | 0.69 | 28% |
Liquidity Measures
| Avg. volume (000) | 6 |
| ADV traded (mns) | $0 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.21% |
Technical Indicators
| Recent close | $26.82 |
| 30d moving avg. | $26.41 |
| Annualized volatility | 22.1% |
| Relative strength (RSI) | 57 |
| 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. |
|---|---|---|---|---|
| ESPO | VanEck Video Gaming and eSports ETF | 55.8% | +6 bp | +3.9% |
| HERO | Global X Video Games & Esports ETF | 53.2% | 0 bp | +3.8% |
| ODDS | Pacer BlueStar Digital Entertainment ETF | 30.6% | +10 bp | +1.9% |
| ARVR | First Trust Indxx Metaverse ETF | 27.7% | +20 bp | +4.2% |
| BNGE | First Trust S-Network Streaming and Gaming ETF | 27.6% | +20 bp | +2.7% |
| GAMR | Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T | 27.5% | +25 bp | +4.8% |
| OND | ProShares On-Demand ETF | 25.5% | +8 bp | +0.7% |
| IVRS | iShares Future Metaverse Tech and Communications ETF | 22.1% | -3 bp | +2.4% |
| BWEB | Bitwise Web3 ETF | 21.0% | +35 bp | -0.2% |
| METV | Roundhill Ball Metaverse ETF | 17.3% | +9 bp | +9.3% |
Risk and Returns: NERD 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 9/1/2025
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™
NERD
3.0%
Cat. Avg
4.3%
ALTAR Score™ Calculation
Category Overview
There are 366 funds in the Global Equity category, with an average ALTAR Score™
of 4.3% and a standard deviation of
3.3%. NERD's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places NERD in the 34th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
NERDSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| (50 bp) Percentile rank | 39 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| NERD | 50.0 | 0.0 | 50 |
| Peer Avg. | 56.5 | 41.8 | 98.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .