OZEM ETF — Roundhill GLP-1 & Weight Loss ETF

Roundhill GLP-1 & Weight Loss ETF (OZEM)

Updated October 2, 2026.

OZEM is an ETF linked to GLP-1 & weight-loss drug ecosystem (actively managed). its trailing-12-month yield is 1.37%, its expense ratio is 0.59%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 10.6% over the past 2.1 years, 35.6 points behind SPY at 46.2%.

Roundhill GLP-1 & Weight Loss ETF is an actively managed equity fund that invests at least 80% of its assets in companies involved in the GLP-1 and weight-loss drug ecosystem, including through derivative instruments, and is non-diversified. The fund has a modest current distribution rate with annual distributions and carries an expense ratio of 0.59%; note that the latest distribution was special and may not recur regularly. The fund appeals to investors seeking exposure to the GLP-1 and weight-loss pharmaceutical sector.

OZEM performance versus SPY

Price and return data through 2026-10-02.

Total return is 10.6% over the past 2.1 years, 35.6 points behind SPY at 46.2%. Over the past year its total return — price change plus distributions reinvested — is 6.4%. Its deepest 1-year drawdown was 19.5%.

OZEM key facts

Distribution Safety Score™

50 · Unproven

Issuer

Roundhill Investments

Asset type

ETF

Asset class

Equity

Inception date

09/06/2024

Expense ratio

0.59%

Distribution frequency

Annual

Trailing yield

1.37%

Last close

$29.93 (as of 2026-10-02)

AUM

$56,641,883

Average volume

9300.0

Last dividend

$0.409914

Last ex-dividend date

12/30/2025

Last payment date

12/31/2025

Beta

0.0

P/E ratio

16.308

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (1.37%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Roundhill Investments or company page; Index: GLP-1 & weight-loss drug ecosystem (actively managed); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

OZEM risks and drawbacks

Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 19.5%.

Who may consider OZEM — and who may not

It is a weaker fit for investors who need monthly cash flow (OZEM pays annual); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

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