- Issuer
- Roundhill
- Inception Date
- Jan 17, 2024
- Category
- Cryptocurrency
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Cryptocurrency
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $129M
Share Price Chart
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Performance
YBTC Performance Chart
Roundhill Bitcoin Covered Call Strategy ETF (YBTC) is down 24.3% since the beginning of the year. YBTC is currently trading at $18 per share.
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Returns By Period
Roundhill Bitcoin Covered Call Strategy ETF (YBTC) has returned -24.30% so far this year and -35.20% over the past 12 months.
Roundhill Bitcoin Covered Call Strategy ETF
- 1D
- 1.74%
- 1M
- -14.49%
- YTD
- -24.30%
- 6M
- -24.06%
- 1Y
- -35.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
YBTC Monthly Returns History
Based on dividend-adjusted daily data since Jan 18, 2024, YBTC's average daily return is +0.05%, while the average monthly return is +0.90%. At this rate, an investment would double in approximately 6.4 years.
Historically, 57% of months were positive and 43% were negative. The best month was Nov 2024 with a return of +18.2%, while the worst month was Feb 2026 at -19.6%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 5 months.
On a daily basis, YBTC closed higher 53% of trading days. The best single day was Feb 6, 2026 with a return of +12.0%, while the worst single day was Aug 5, 2024 at -14.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -4.26% | -19.58% | 6.07% | 6.89% | -1.74% | -11.73% | -24.30% | ||||||
| 2025 | 7.47% | -16.68% | 1.94% | 9.86% | 11.53% | 5.11% | 7.60% | -4.91% | 5.55% | -8.79% | -15.78% | -1.80% | -4.23% |
| 2024 | 1.95% | 16.24% | 7.34% | -8.89% | 10.81% | -11.00% | 10.49% | -10.23% | 5.78% | 10.98% | 18.23% | -1.28% | 55.31% |
Benchmark Metrics
Roundhill Bitcoin Covered Call Strategy ETF has an annualized alpha of -8.80%, beta of 1.12, and R2 of 0.19 versus S&P 500 Index. Calculated based on daily prices since January 18, 2024.
- This ETF participated in 146.96% of S&P 500 Index downside but only 66.90% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.19 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -8.80%
- Beta
- 1.12
- R²
- 0.19
- Upside Capture
- 66.90%
- Downside Capture
- 146.96%
Expense Ratio
YBTC has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
YBTC ranks 2 for risk / return — in the bottom 2% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Roundhill Bitcoin Covered Call Strategy ETF (YBTC) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| YBTC | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.92 | ||
| Sortino ratioReturn per unit of downside risk | -3.92 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.37 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 2.78 | -3.51 |
| Martin ratioReturn relative to average drawdown | -1.28 | 12.44 | -13.72 |
Dividends
Dividend History
Roundhill Bitcoin Covered Call Strategy ETF provided a 87.22% dividend yield over the last twelve months, with an annual payout of $15.67 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $15.67 | $21.63 | $22.15 |
Dividend yield | 87.22% | 76.04% | 44.53% |
Monthly Dividends
The table displays the monthly dividend distributions for Roundhill Bitcoin Covered Call Strategy ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.91 | $0.80 | $0.66 | $0.77 | $0.59 | $0.37 | $4.11 | ||||||
| 2025 | $3.18 | $1.37 | $1.46 | $1.48 | $1.75 | $1.10 | $2.00 | $1.83 | $1.65 | $1.83 | $1.11 | $2.87 | $21.63 |
| 2024 | $1.33 | $1.81 | $4.13 | $2.05 | $1.84 | $0.91 | $2.06 | $1.61 | $2.11 | $0.88 | $1.77 | $1.63 | $22.15 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Roundhill Bitcoin Covered Call Strategy ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Roundhill Bitcoin Covered Call Strategy ETF was 48.82%, occurring on Jun 5, 2026. The portfolio has not yet recovered.
The current Roundhill Bitcoin Covered Call Strategy ETF drawdown is 44.72%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -48.82%Jun 2026 | 8mo 19d | — | 9mo 7dSep 2025 - now |
2025 selloff2025 | -23.39%Apr 2025 | 3mo 22d | 1mo 13d | 5mo 5dDec 2024 - May 2025 |
2024 bear market2024 | -23.17%Sep 2024 | 2mo 27d | 1mo 23d | 4mo 20dJun 2024 - Oct 2024 |
2024 correction2024 | -16.77%May 2024 | 19d | 1mo 5d | 1mo 24dApr 2024 - Jun 2024 |
2025 pullback2025 | -7.17%Aug 2025 | 15d | 14d | 29dAug 2025 - Sep 2025 |
Drawdown Indicators
| YBTC | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.82% | -56.78% | +7.96% |
Max Drawdown (1Y)Largest decline over 1 year | -48.82% | -9.10% | -39.72% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -44.72% | -1.80% | -42.92% |
Average DrawdownAverage peak-to-trough decline | -13.52% | -10.71% | -2.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.54% | 2.03% | +25.51% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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