Sports Betting vs the S&P 500 (BETZ): is it outperforming?
Over the past month, BETZ has underperformed the S&P 500 by 3.9 points. Here is where that puts it in the sector rotation — updated daily.
Where BETZ sits on the rotation map
Sports Betting highlighted against the 11 broad S&P 500 sectors. Vertical: 1-month spread vs the S&P 500. Horizontal: the longer, time-shifted window — the methodology explains the math.
BETZ vs SPY: head-to-head returns
BETZ (sports betting) and SPY (the S&P 500) side by side over every window Zensei tracks. The spread is the difference — positive means BETZ won that window.
Data as of 2026-08-28 · computed from daily adjusted closes · how we measure
The read
Sports Betting (BETZ) is losing its lead. It built a 7.2-point advantage over the S&P 500 across the longer, time-shifted window, but over the past month it has slipped 3.9 points behind the market — the Cooling quadrant of the rotation map. Ranked by one-month spread, it currently stands #81 of the 115 groups Zensei tracks.
On the shorter tape, BETZ's momentum is mixed: the longer intraday trend is still positive, but the recent windows have gone flat. BETZ's relative-strength line has broken below its long-term average — the long-term outperformance trend is no longer intact. Both signals point the same direction here: the market is not rewarding this group on either horizon.
The exposure comes via Roundhill Sports Betting & iGaming ETF, whose 9 tracked holdings are led by FLUTTER ENTERTAINMENT PLC, DRAFTKINGS INC ORDINARY SHARES CLASS A and SUPER GROUP (SGHC) LTD. Weighted by portfolio, the fund's holdings trade at roughly 115.0× earnings and 2.3× sales. The thing to watch from here is whether this is a pause or a handoff: cooling groups sometimes reset and reclaim leadership, but a deepening one-month deficit usually means rotation has moved on.
What's inside BETZ
Top 5 of 9 tracked holdings, by portfolio weight.
Sports Betting vs the market — common questions
Is sports betting outperforming the S&P 500?
Right now, no: over the past month BETZ has underperformed the S&P 500 by 3.9 points. This page updates daily, so the answer reflects current market data rather than a dated article.
What is BETZ?
BETZ is Roundhill Sports Betting & iGaming ETF, the fund Zensei uses to measure the sports betting group against the S&P 500 benchmark (SPY).
Which stocks are in BETZ?
BETZ's largest tracked positions are FLUTTER ENTERTAINMENT PLC, DRAFTKINGS INC ORDINARY SHARES CLASS A, SUPER GROUP (SGHC) LTD, RUSH STREET INTERACTIVE INC ORDINARY SHARES CLASS A, GENIUS SPORTS LTD — 9 holdings in total. The full list, with each stock measured against the group, is part of Zensei Premium.
What quadrant is sports betting in right now?
As of the latest daily data, sports betting is in the Cooling quadrant — still ahead over the longer window, but behind the market over the past month. The quadrant rules are documented on the Zensei methodology page.
Related sectors
Track sports betting against the whole market
Zensei Edge maps 100+ sectors and themes against the S&P 500 — with the stocks inside each one, rotation history and alerts when leadership changes hands.