Overview
The sports-betting economy — DraftKings and Flutter via swaps, Europe's Evolution and Lottomatica, and the odds-feed infrastructure of Sportradar, 18 names in the only dedicated betting ETF.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| UST | US Treasury Bill (collateral) | 28.7% |
| SWAP | Evolution AB swap | 18.2% |
| SWAP | Flutter Entertainment swap | 16.3% |
| SWAP | DraftKings swap | 12.4% |
| ALWN | Allwyn AG | 11.6% |
| LNW | Light & Wonder | 8.3% |
| LTMC | Lottomatica Group | 7.6% |
| SGHC | Super Group | 6.5% |
| SRAD | Sportradar | 4.3% |
| ENT | Entain Plc | 4.2% |
Fund Details
Investment Thesis
Legalized betting keeps spreading state by state and market by market, yet BETZ trades down 21% as promotional wars and tax hikes squeezed near-term margins — a classic case of theme intact, valuation reset. The book now leans on profitable European operators and the picks-and-shovels data layer, with US duopoly winners held via swaps. Tiny fund size cuts both ways; conviction here buys the whole regulated-gambling migration at its low.
Who It's For
Contrarian thematic investors betting the gambling-legalization wave outlasts its margin squeeze — a small, volatile niche position.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | -- | -- |
| 2017 | -- | -- |
| 2018 | -- | -- |
| 2019 | -- | -- |
| 2020 | $25.84 | -- |
| 2021 | $24.83 | -3.9% |
| 2022 | $14.31 | -42.4% |
| 2023 | $17.34 | +21.2% |
| 2024 | $18.95 | +9.3% |
| 2025 | $20.98 | +10.7% |
| Year | Yield |
|---|---|
| 2016 | -- |
| 2017 | -- |
| 2018 | -- |
| 2019 | -- |
| 2020 | 0.00% |
| 2021 | 0.00% |
| 2022 | 0.60% |
| 2023 | 0.00% |
| 2024 | 0.86% |
| 2025 | 4.55% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | -- | -- |
| 2017 | -- | -- |
| 2018 | -- | -- |
| 2019 | -- | -- |
| 2020 | $0.05B | -- |
| 2021 | $0.04B | -20.0% |
| 2022 | $0.03B | -25.0% |
| 2023 | $0.03B | +0.0% |
| 2024 | $0.03B | +0.0% |
| 2025 | $0.04B | +33.3% |
Price history from exchange data. Dividend yields from reported distributions; some earlier years are derived from total-return vs price-return data or are ETFHub estimates. AUM history is an ETFHub estimate modelled from current assets and annual returns (fund flows not reflected) and may differ from official fund records. Data as of October 2026.
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