ETF Evaluator:
Roundhill GLP-1 & Weight Loss ETF (OZEM)
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(as of Aug 05)
Best Performing in Health Over the Last Year
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ETF Details
Roundhill GLP-1 & Weight Loss ETF Overview
Roundhill GLP-1 & Weight Loss ETF (OZEM) is an actively managed Sector Equity Health exchange-traded fund (ETF). Roundhill Investments launched the ETF in 2024.
The investment seeks to provide capital appreciation.
The fund's manager will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the equity securities of GLP-1 & Weight Loss Companies or any derivative instruments (such as swap agreements or forward contracts) that utilize one or more GLP-1 & Weight Loss Companies as the reference asset. The fund is non-diversified.
About Roundhill GLP-1 & Weight Loss ETF (OZEM)
There are 7 members of the management team with an average tenure of 2.11 years: William Hershey (2024), Andrew Serowik (2024), Timothy Maloney (2024), Gabriel Tan (2024), Todd Alberico (2024), Brian Cooper (2024) and David Mazza (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: Solactive GBS Global Mkt All Cap TR USD index with a weighting of 100%. Roundhill GLP-1 & Weight Loss ETF has 29 securities in its portfolio. The top 10 holdings constitute 65.9% 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 GLP-1 & Weight Loss ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Roundhill GLP-1 & Weight Loss ETF has 55.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 44.2% There is 55.4% 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 GLP-1 & Weight Loss ETF has -2.2% of the portfolio in cash.
Assets Under Management
The fund has $54 million in total assets, which is below the $1 billion average for the Health 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.
OZEM 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 GLP-1 & Weight Loss ETF expense ratio is average compared to funds in the Health category. Roundhill GLP-1 & Weight Loss ETF has an expense ratio of 0.59%, which is 14% higher than its category average, making the fund expense ratio grade a D. 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 GLP-1 & Weight Loss ETF has a portfolio turnover rate of 66%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 40% for the Health category.
Recently, in the month of June 2026, Roundhill GLP-1 & Weight Loss ETF returned 2.0%, which earned it a grade of F, as the Health category had an average return of 8.7%. 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 GLP-1 & Weight Loss ETF has a trailing yield of 1.27%, which is above the 1.12% category average.
The fund normally distributes its income annually and its capital gains 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 GLP-1 & Weight Loss ETF Grades
Year to date, the ETF has returned -5.0%, 15.2 percentage points worse than the category, which translates into a grade of F. The fund has returned 30.3% over the past year (grade of C).
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OZEM 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 |
|
| OZEM Return (NAV) | 2.0% | 4.5% | 30.3% | na | na | na |
| OZEM Return (Price) | 2.5% | 4.3% | 30.6% | na | na | na |
| NAV +/- Price Return | -0.437% | 0.207% | -0.249% | na | na | na |
| Health Avg | 8.7% | 13.9% | 37.6% | 10.6% | 1.5% | 9.5% |
| OZEM Grade (NAV) | F | F | C | na | na | na |
| +/- Category (NAV) | -6.7% | -9.4% | -7.3% | na | na | na |
| OZEM Tax-Cost Ratio | na | na | 0.5% | na | na | na |
OZEM Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| OZEM Return (NAV) | -5.0% | 41.4% | na | na | na | na | na | na | na | na | na |
| OZEM Return (Price) | -4.7% | 41.9% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.060% | 0.013% | na | na | na | na | na | na | na | na | na |
| Health Avg | 10.1% | 21.8% | 0.1% | 2.2% | -16.3% | 4.3% | 30.5% | 25.4% | -1.5% | 26.5% | -10.2% |
| OZEM Grade (NAV) | F | A | na | na | na | na | na | na | na | na | na |
| +/- Category | -15.2% | 19.6% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 1.3% |
| Total Assets: | $ 54 Mil |
| Share Class Assets: | $ 54 Mil |
| Turnover: | 66.0% |
| Expense Ratio: | 0.59% |
| Index Fund: | No |
| Index Tracked: | Solactive GBS Global Mkt All Cap TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 7 | |||
| Longest Tenure: 2.1 years | |||
| Average Tenure: 2.1 years | |||
| Managers (Year): Hershey William (2024), Serowik Andrew (2024), Maloney Timothy (2024), Tan Gabriel (2024), Alberico Todd (2024), Cooper Brian (2024), Mazza David (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 29 |
| % in Top 10 Holdings: | 65.9% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 55.4% |
Portfolio Allocation |
|
| Domestic Stock: | 44.2% |
| Foreign Stock: | 55.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 2.6% |
| Cash: | -2.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Roundhill Investments |
| Phone Number: | 855-561-5728 |
| Website: | |
| Inception Date: | May 20, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.59% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.52% |
