ETF Evaluator:
Roundhill Sports Betting & iGaming ETF (BETZ)
Follow This ETF
(as of Jul 31)
Best Performing in Consumer Cyclical Over the Last Year
| 20.8% | AdvisorShares Hotel ETF (BEDZ) |
| 18.9% | Invesco S&P SmallCap Cnsmr Discret ETF (PSCD) |
| 18.2% | State Street® SPDR® S&P® Hmebldr ETF (XHB) |
| 17.7% | Invesco Dynamic Leisure and Entmnt ETF (PEJ) |
| 14.6% | State Street® SPDR® S&P® Retail ETF (XRT) |
Risk
Index
Risk
Index
ETF Details
Roundhill Sports Betting & iGaming ETF Overview
Roundhill Sports Betting & iGaming ETF (BETZ) is a passively managed Sector Equity Consumer Cyclical exchange-traded fund (ETF). Roundhill Investments launched the ETF in 2020.
The investment seeks to track the total return performance, before fees and expenses, of the Morningstar® Sports Betting & iGaming Select IndexSM.
The index was developed by Morningstar, Inc. and is designed to provide pure exposure to sports and online betting themes. The fund will generally invest all, or substantially all, of its assets in the component securities of the index, but also may invest in investments that provide comparable exposure, including but not limited to depositary receipts representing Index components and investments in other ETFs. The fund is non-diversified.
About Roundhill Sports Betting & iGaming ETF (BETZ)
There are 7 members of the management team with an average tenure of 3.49 years: William Hershey (2025), Andrew Serowik (2020), Timothy Maloney (2025), Gabriel Tan (2021), Todd Alberico (2021), Brian Cooper (2021) and David Mazza (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Solactive GBS Glb Mar All Cap USD TR index with a weighting of 100% and Morningstar Sports Bet & iGam Sel NR USD index with a weighting of 100%. Roundhill Sports Betting & iGaming ETF has 29 securities in its portfolio. The top 10 holdings constitute 58.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Roundhill Sports Betting & iGaming ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Roundhill Sports Betting & iGaming ETF has 61.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 38.1% There is 61.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Roundhill Sports Betting & iGaming ETF has 11.0% of the portfolio in cash.
Assets Under Management
The fund has $52 million in total assets, which is below the $1 billion average for the Consumer Cyclical category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
BETZ Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Roundhill Sports Betting & iGaming ETF expense ratio is above average compared to funds in the Consumer Cyclical category. Roundhill Sports Betting & iGaming ETF has an expense ratio of 0.75%, which is 76% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Roundhill Sports Betting & iGaming ETF has a portfolio turnover rate of 26%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 29% for the Consumer Cyclical category.
Recently, in the month of June 2026, Roundhill Sports Betting & iGaming ETF returned 0.2%, which earned it a grade of C, as the Consumer Cyclical category had an average return of 1.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Roundhill Sports Betting & iGaming ETF has a trailing yield of 5.11%, which is above the 1.06% category average.
The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Roundhill Sports Betting & iGaming ETF Grades
Year to date, the ETF has returned -11.0%, 10.5 percentage points worse than the category, which translates into a grade of F. The fund has returned -17.0% over the past year (grade of F), 4.1% over the past three years (grade of F) and -8.1% per year over the past five years (grade of F).
For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Roundhill Sports Betting & iGaming ETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
BETZ Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BETZ Return (NAV) | 0.2% | 5.7% | -17.0% | 4.1% | -8.1% | na |
| BETZ Return (Price) | 0.2% | 4.6% | -17.7% | 4.0% | -8.2% | na |
| NAV +/- Price Return | -0.052% | 1.091% | 0.707% | 0.088% | 0.085% | na |
| Consumer Cyclical Avg | 1.8% | 10.6% | 5.6% | 11.1% | 1.9% | 10.9% |
| BETZ Grade (NAV) | C | D | F | F | F | na |
| +/- Category (NAV) | -1.7% | -4.9% | -22.7% | -7.0% | -10.0% | na |
| BETZ Tax-Cost Ratio | na | na | 1.8% | 0.7% | 0.5% | na |
BETZ Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BETZ Return (NAV) | -11.0% | 16.0% | 10.2% | 21.3% | -42.0% | -3.8% | na | na | na | na | na |
| BETZ Return (Price) | -10.9% | 15.7% | 10.2% | 21.2% | -42.0% | -3.9% | na | na | na | na | na |
| NAV +/- Price Ret | -0.010% | -0.019% | -0.002% | -0.006% | 0.001% | 0.033% | na | na | na | na | na |
| Consumer Cyclical Avg | -0.5% | 8.1% | 17.0% | 30.5% | -30.4% | 17.0% | 38.6% | 26.9% | -8.6% | 25.0% | 5.1% |
| BETZ Grade (NAV) | F | A | D | F | F | D | na | na | na | na | na |
| +/- Category | -10.5% | 7.9% | -6.8% | -9.2% | -11.6% | -20.8% | na | na | na | na | na |
| Risk Measures | |
| Beta: | 1.04 |
| R-Squared: | 37% |
| Standard Deviation: | 21.6% |
| Category Risk Index: | 1.06 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 1.77 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 5.1% |
| Total Assets: | $ 53 Mil |
| Share Class Assets: | $ 53 Mil |
| Turnover: | 26.0% |
| Expense Ratio: | 0.75% |
| Index Fund: | Yes |
| Index Tracked: | Solactive GBS Glb Mar All Cap USD TR |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 7 | |||
| Longest Tenure: 6.1 years | |||
| Average Tenure: 3.5 years | |||
| Managers (Year): Serowik Andrew (2020), Tan Gabriel (2021), Alberico Todd (2021), Cooper Brian (2021), Mazza David (2025), Maloney Timothy (2025), Hershey William (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 29 |
| % in Top 10 Holdings: | 58.7% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 61.5% |
Portfolio Allocation |
|
| Domestic Stock: | 38.1% |
| Foreign Stock: | 61.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -10.6% |
| Cash: | 11.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Roundhill Investments |
| Phone Number: | 800-617-0004 |
| Website: | |
| Inception Date: | June 3, 2020 |
Expenses and Fees
| Expense Ratio (%): | 0.75% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.43% |
