BCCC vs. YBIT

Last updated Jul 11, 2026

BCCC (Global X Bitcoin Covered Call ETF) and YBIT (YieldMax Bitcoin Option Income Strategy ETF) are both Cryptocurrency funds. Both are actively managed. Over the past year, BCCC returned -34.03% vs -41.24% for YBIT. With a 0.98 correlation, they move nearly in lockstep. BCCC charges 0.75%/yr vs 0.99%/yr for YBIT.

Performance

BCCC vs. YBIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Bitcoin Covered Call ETF (BCCC) and YieldMax Bitcoin Option Income Strategy ETF (YBIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BCCC achieves a -22.30% return, which is significantly higher than YBIT's -26.09% return.

BCCC

• 1D: 0.25%
• 1M: 1.59%
• 6M: -24.48%
• YTD: -22.30%
• 1Y: -34.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

YBIT

• 1D: 0.32%
• 1M: 1.40%
• 6M: -27.29%
• YTD: -26.09%
• 1Y: -41.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BCCC vs. YBIT - Yearly Performance Comparison

	2026 (YTD)	2025
BCCC Global X Bitcoin Covered Call ETF	-22.30%	-7.02%
YBIT YieldMax Bitcoin Option Income Strategy ETF	-26.09%	-14.16%

Correlation

The correlation between BCCC and YBIT is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025	0.98

The correlation between BCCC and YBIT has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.

Return for Risk

BCCC vs. YBIT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BCCC

BCCC Risk / Return Rank: 2
BCCC Sharpe Ratio Rank: 2
BCCC Sortino Ratio Rank: 3
BCCC Omega Ratio Rank: 2
BCCC Calmar Ratio Rank: 3
BCCC Martin Ratio Rank: 2

YBIT

YBIT Risk / Return Rank: 1
YBIT Sharpe Ratio Rank: 1
YBIT Sortino Ratio Rank: 1
YBIT Omega Ratio Rank: 1
YBIT Calmar Ratio Rank: 2
YBIT Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BCCC vs. YBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Bitcoin Covered Call ETF (BCCC) and YieldMax Bitcoin Option Income Strategy ETF (YBIT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	BCCC	YBIT	Difference
Sharpe ratio: Return per unit of total volatility	-0.92	-1.08	+0.16
Sortino ratio: Return per unit of downside risk	-1.21	-1.56	+0.35
Omega ratio: Gain probability vs. loss probability	0.85	0.82	+0.03
Calmar ratio: Return relative to maximum drawdown	-0.78	-0.84	+0.06
Martin ratio: Return relative to average drawdown	-1.34	-1.40	+0.06

BCCC vs. YBIT - Sharpe Ratio Comparison

The current BCCC Sharpe Ratio is -0.92, which is comparable to the YBIT Sharpe Ratio of -1.08. The chart below compares the historical Sharpe Ratios of BCCC and YBIT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BCCC vs. YBIT - Drawdown Comparison

The maximum BCCC drawdown since its inception was -41.79%, smaller than the maximum YBIT drawdown of -47.46%. Use the drawdown chart below to compare losses from any high point for BCCC and YBIT.

Drawdown Indicators

	BCCC	YBIT	Difference
Max Drawdown Largest peak-to-trough decline	-41.79%	-47.46%	+5.67%
Max Drawdown (1Y) Largest decline over 1 year	-41.79%	-47.46%	+5.67%
Current Drawdown Current decline from peak	-37.90%	-44.23%	+6.33%
Average Drawdown Average peak-to-trough decline	-18.82%	-16.44%	-2.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.46%	28.50%	-4.04%

Volatility

BCCC vs. YBIT - Volatility Comparison

The current volatility for Global X Bitcoin Covered Call ETF (BCCC) is 7.93%, while YieldMax Bitcoin Option Income Strategy ETF (YBIT) has a volatility of 8.49%. This indicates that BCCC experiences smaller price fluctuations and is considered to be less risky than YBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BCCC	YBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.93%	8.49%	-0.56%
Volatility (6M) Calculated over the trailing 6-month period	29.17%	29.42%	-0.25%
Volatility (1Y) Calculated over the trailing 1-year period	35.57%	36.93%	-1.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.79%	38.49%	-3.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.79%	38.49%	-3.70%

BCCC vs. YBIT - Expense Ratio Comparison

BCCC has a 0.75% expense ratio, which is lower than YBIT's 0.99% expense ratio.

Dividends

BCCC vs. YBIT - Dividend Comparison

BCCC's dividend yield for the trailing twelve months is around 61.96%, less than YBIT's 94.32% yield.

Position	TTM	2025	2024
BCCC Global X Bitcoin Covered Call ETF	61.96%	29.55%	0.00%
YBIT YieldMax Bitcoin Option Income Strategy ETF	94.32%	88.33%	60.00%

Frequently Asked Questions

Can I hold both BCCC and YBIT in my portfolio?

With a correlation of 0.98, BCCC and YBIT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BCCC or YBIT?

YBIT has higher volatility (8.49%) compared to BCCC (7.93%). In terms of maximum drawdown, BCCC dropped -41.79% vs YBIT's -47.46%.

Which ETF is better, BCCC or YBIT?

On 1-year performance, BCCC leads with -34.03% vs -41.24% for YBIT. On fees, BCCC is cheaper at 0.75% per year. On volatility, BCCC has been the lower-risk option at 7.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BCCC or YBIT?

Over the 1-year period, BCCC has performed better with a -34.03% return vs -41.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BCCC or YBIT?

BCCC is cheaper with a 0.75% expense ratio, compared with 0.99% for YBIT.

Which ETF pays a higher dividend yield, BCCC or YBIT?

YBIT has the higher dividend yield at 94.32%, compared with 61.96% for BCCC.

What is the main difference between BCCC and YBIT?

They also come from different issuers: Global X and YieldMax. Their fees differ too: 0.75% for BCCC and 0.99% for YBIT.

Which has better risk-adjusted returns?

BCCC currently has the higher Sharpe Ratio (-0.92 vs -1.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.