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
79.9 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) | $80 |
| 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 | 14.4 % |
| DRAFTKINGS INC CLASS A | 8.3 % |
| PLAYTECH LTD | 7.2 % |
| SPORTRADAR GROUP AG | 7.0 % |
| CHURCHILL DOWNS INC | 6.0 % |
| EVOLUTION GAMING GROUP AB | 5.6 % |
| GVC HOLDINGS PLC | 5.5 % |
| BETSSON AB | 5.2 % |
| LA FRANCAISE DES JEUX SA | 4.8 % |
| RUSH STREET INTERACTIVE, INC. CLASS A | 3.8 % |
Constituent Breakdown
| Number of holdings | 28 |
| Herfindahl-Hirschman Index | 615 |
| Wgt avg mkt cap (mns) | $10,404 |
| Large cap (>$10bn) | 33.2% |
| Mid cap ($2-10bn) | 46.2% |
| Small cap (<$2bn) | 20.6% |
| Developed mkts. | 99.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 35.6 % |
 |
BRITAIN | 17.0 % |
 |
IRELAND | 14.4 % |
 |
SWEDEN | 5.6 % |
 |
FRANCE | 4.8 % |
 |
AUSTRALIA | 3.1 % |
 |
GREECE | 2.3 % |
 |
JAPAN | 1.3 % |
 |
GIBRALTAR | 0.9 % |
 |
MALTA | 0.7 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 7.2% | 26.2% | 12.6% | -14.5% | -- | -- | 5.1% | Volatility | 19.8% | 21.0% | 22.7% | 29.5% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.38 | 71% |
| MSCI EAFE | 1.35 | 71% |
| MSCI Emg Mkts | 1.07 | 43% |
Liquidity Measures
| Avg. volume (000) | 13 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.49% |
| ADV of underlying (mns) | $1,369 |
Technical Indicators
| Recent close | $19.97 |
| 30d moving avg. | $18.71 |
| Annualized volatility | 28.3% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 1.7% |
| Short interest (underlying) | 0.0% |
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. BETZ |
Expenses vs. BETZ |
ALTAR Score™ vs. BETZ |
|---|---|---|---|---|
| BJK | VanEck Gaming ETF | 34.6% | -10 bp | -0.2% |
| ODDS | Pacer BlueStar Digital Entertainment ETF | 30.8% | -15 bp | +0.7% |
| BNGE | First Trust S-Network Streaming and Gaming ETF | 13.4% | -5 bp | -5.1% |
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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 11/21/2024
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
BETZ
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
1.6%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 376 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.7%. BETZ's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places BETZ in the 29th 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 | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| BETZ (75 bp) Percentile rank | 87 |
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 | 48.5 | 123.5 |
| Peer Avg. | 57.2 | 40.4 | 97.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .