Description

Roundhill BITKRAFT Esports & Digital Entertainment ETF

Statistics (YTD)

What do these metrics mean? [Read More] [Hide]

TotalReturn:

'The total return on a portfolio of investments takes into account not only the capital appreciation on the portfolio, but also the income received on the portfolio. The income typically consists of interest, dividends, and securities lending fees. This contrasts with the price return, which takes into account only the capital gain on an investment.'

Which means for our asset as example:
  • Compared with the benchmark SPY (61.9%) in the period of the last 5 years, the total return, or performance of % of Roundhill BITKRAFT Esports & Digital Entertainment ETF is smaller, thus worse.
  • During the last 3 years, the total return, or performance is 19.1%, which is smaller, thus worse than the value of 79.4% from the benchmark.

CAGR:

'The compound annual growth rate (CAGR) is a useful measure of growth over multiple time periods. It can be thought of as the growth rate that gets you from the initial investment value to the ending investment value if you assume that the investment has been compounding over the time period.'

Which means for our asset as example:
  • Looking at the compounded annual growth rate (CAGR) of % in the last 5 years of Roundhill BITKRAFT Esports & Digital Entertainment ETF, we see it is relatively lower, thus worse in comparison to the benchmark SPY (10.1%)
  • During the last 3 years, the annual return (CAGR) is 6%, which is smaller, thus worse than the value of 21.5% from the benchmark.

Volatility:

'Volatility is a statistical measure of the dispersion of returns for a given security or market index. Volatility can either be measured by using the standard deviation or variance between returns from that same security or market index. Commonly, the higher the volatility, the riskier the security. In the securities markets, volatility is often associated with big swings in either direction. For example, when the stock market rises and falls more than one percent over a sustained period of time, it is called a 'volatile' market.'

Applying this definition to our asset in some examples:
  • Compared with the benchmark SPY (21.5%) in the period of the last 5 years, the volatility of % of Roundhill BITKRAFT Esports & Digital Entertainment ETF is lower, thus better.
  • Looking at volatility in of 29.6% in the period of the last 3 years, we see it is relatively greater, thus worse in comparison to SPY (21.2%).

DownVol:

'The downside volatility is similar to the volatility, or standard deviation, but only takes losing/negative periods into account.'

Which means for our asset as example:
  • Looking at the downside deviation of % in the last 5 years of Roundhill BITKRAFT Esports & Digital Entertainment ETF, we see it is relatively lower, thus better in comparison to the benchmark SPY (15.5%)
  • During the last 3 years, the downside volatility is 20.2%, which is higher, thus worse than the value of 14.1% from the benchmark.

Sharpe:

'The Sharpe ratio (also known as the Sharpe index, the Sharpe measure, and the reward-to-variability ratio) is a way to examine the performance of an investment by adjusting for its risk. The ratio measures the excess return (or risk premium) per unit of deviation in an investment asset or a trading strategy, typically referred to as risk, named after William F. Sharpe.'

Using this definition on our asset we see for example:
  • Looking at the ratio of return and volatility (Sharpe) of in the last 5 years of Roundhill BITKRAFT Esports & Digital Entertainment ETF, we see it is relatively lower, thus worse in comparison to the benchmark SPY (0.36)
  • Compared with SPY (0.9) in the period of the last 3 years, the ratio of return and volatility (Sharpe) of 0.12 is lower, thus worse.

Sortino:

'The Sortino ratio measures the risk-adjusted return of an investment asset, portfolio, or strategy. It is a modification of the Sharpe ratio but penalizes only those returns falling below a user-specified target or required rate of return, while the Sharpe ratio penalizes both upside and downside volatility equally. Though both ratios measure an investment's risk-adjusted return, they do so in significantly different ways that will frequently lead to differing conclusions as to the true nature of the investment's return-generating efficiency. The Sortino ratio is used as a way to compare the risk-adjusted performance of programs with differing risk and return profiles. In general, risk-adjusted returns seek to normalize the risk across programs and then see which has the higher return unit per risk.'

Using this definition on our asset we see for example:
  • The excess return divided by the downside deviation over 5 years of Roundhill BITKRAFT Esports & Digital Entertainment ETF is , which is lower, thus worse compared to the benchmark SPY (0.49) in the same period.
  • During the last 3 years, the downside risk / excess return profile is 0.17, which is lower, thus worse than the value of 1.35 from the benchmark.

Ulcer:

'The Ulcer Index is a technical indicator that measures downside risk, in terms of both the depth and duration of price declines. The index increases in value as the price moves farther away from a recent high and falls as the price rises to new highs. The indicator is usually calculated over a 14-day period, with the Ulcer Index showing the percentage drawdown a trader can expect from the high over that period. The greater the value of the Ulcer Index, the longer it takes for a stock to get back to the former high.'

Using this definition on our asset we see for example:
  • Looking at the Ulcer Ratio of in the last 5 years of Roundhill BITKRAFT Esports & Digital Entertainment ETF, we see it is relatively smaller, thus better in comparison to the benchmark SPY (9.15 )
  • Compared with SPY (9.78 ) in the period of the last 3 years, the Ulcer Index of 38 is larger, thus worse.

MaxDD:

'Maximum drawdown measures the loss in any losing period during a fund’s investment record. It is defined as the percent retrenchment from a fund’s peak value to the fund’s valley value. The drawdown is in effect from the time the fund’s retrenchment begins until a new fund high is reached. The maximum drawdown encompasses both the period from the fund’s peak to the fund’s valley (length), and the time from the fund’s valley to a new fund high (recovery). It measures the largest percentage drawdown that has occurred in any fund’s data record.'

Applying this definition to our asset in some examples:
  • Looking at the maximum reduction from previous high of days in the last 5 years of Roundhill BITKRAFT Esports & Digital Entertainment ETF, we see it is relatively lower, thus worse in comparison to the benchmark SPY (-33.7 days)
  • Compared with SPY (-24.5 days) in the period of the last 3 years, the maximum reduction from previous high of -65.6 days is lower, thus worse.

MaxDuration:

'The Maximum Drawdown Duration is an extension of the Maximum Drawdown. However, this metric does not explain the drawdown in dollars or percentages, rather in days, weeks, or months. It is the length of time the account was in the Max Drawdown. A Max Drawdown measures a retrenchment from when an equity curve reaches a new high. It’s the maximum an account lost during that retrenchment. This method is applied because a valley can’t be measured until a new high occurs. Once the new high is reached, the percentage change from the old high to the bottom of the largest trough is recorded.'

Applying this definition to our asset in some examples:
  • The maximum days under water over 5 years of Roundhill BITKRAFT Esports & Digital Entertainment ETF is days, which is smaller, thus better compared to the benchmark SPY (305 days) in the same period.
  • During the last 3 years, the maximum time in days below previous high water mark is 528 days, which is larger, thus worse than the value of 305 days from the benchmark.

AveDuration:

'The Drawdown Duration is the length of any peak to peak period, or the time between new equity highs. The Avg Drawdown Duration is the average amount of time an investment has seen between peaks (equity highs), or in other terms the average of time under water of all drawdowns. So in contrast to the Maximum duration it does not measure only one drawdown event but calculates the average of all.'

Applying this definition to our asset in some examples:
  • Compared with the benchmark SPY (65 days) in the period of the last 5 years, the average days below previous high of days of Roundhill BITKRAFT Esports & Digital Entertainment ETF is lower, thus better.
  • Looking at average time in days below previous high water mark in of 210 days in the period of the last 3 years, we see it is relatively higher, thus worse in comparison to SPY (80 days).

Performance (YTD)

Historical returns have been extended using synthetic data.

Allocations ()

Allocations

Returns (%)

  • Note that yearly returns do not equal the sum of monthly returns due to compounding.
  • Performance results of Roundhill BITKRAFT Esports & Digital Entertainment ETF are hypothetical, do not account for slippage, fees or taxes, and are based on backtesting, which has many inherent limitations, some of which are described in our Terms of Use.