BITK vs. TSMY
BITK (Tuttle Capital Bitcoin 0DTE Covered Call ETF) and TSMY (YieldMax TSM Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Their 0.29 correlation means their historical movements had little consistent relationship. BITK charges 0.99%/yr vs 1.01%/yr for TSMY.
Performance
BITK vs. TSMY - Performance Comparison
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Returns By Period
In the year-to-date period, BITK achieves a -30.37% return, which is significantly lower than TSMY's 30.47% return.
BITK
- 1D
- 0.00%
- 1M
- 3.70%
- 6M
- -25.97%
- YTD
- -30.37%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
TSMY
- 1D
- 0.66%
- 1M
- -4.22%
- 6M
- 21.94%
- YTD
- 30.47%
- 1Y
- 60.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 42.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $4.50K | $39.97K | |
| $2.14M | $3.13M | $3.04M |
BITK vs. TSMY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BITK Tuttle Capital Bitcoin 0DTE Covered Call ETF | -30.37% | -27.15% |
TSMY YieldMax TSM Option Income Strategy ETF | 30.47% | 6.37% |
Correlation
The correlation between BITK and TSMY is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025 | 0.29 |
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Return for Risk
BITK vs. TSMY — Risk / Return Rank
BITK
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TSMY
BITK vs. TSMY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tuttle Capital Bitcoin 0DTE Covered Call ETF (BITK) and YieldMax TSM Option Income Strategy ETF (TSMY). 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.
| BITK | TSMY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.29 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.20 | — |
| Martin ratioReturn relative to average drawdown | — | 10.72 | — |
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Drawdowns
BITK vs. TSMY - Drawdown Comparison
The maximum BITK drawdown since its inception was -57.48%, which is greater than TSMY's maximum drawdown of -31.15%. Use the drawdown chart below to compare losses from any high point for BITK and TSMY.
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Drawdown Indicators
| BITK | TSMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.48% | -31.15% | -26.33% |
Max Drawdown (1Y)Largest decline over 1 year | — | -17.86% | — |
Current DrawdownCurrent decline from peak | -53.75% | -11.66% | -42.09% |
Average DrawdownAverage peak-to-trough decline | -38.35% | -5.63% | -32.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.33% | — |
Volatility
BITK vs. TSMY - Volatility Comparison
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Volatility by Period
| BITK | TSMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 11.98% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 27.90% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 46.91% | 33.77% | +13.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.91% | 34.64% | +12.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.91% | 34.64% | +12.27% |
BITK vs. TSMY - Expense Ratio Comparison
BITK has a 0.99% expense ratio, which is lower than TSMY's 1.01% expense ratio.
Dividends
BITK vs. TSMY - Dividend Comparison
BITK's dividend yield for the trailing twelve months is around 49.49%, less than TSMY's 58.31% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BITK Tuttle Capital Bitcoin 0DTE Covered Call ETF | 49.49% | 23.15% | 0.00% |
TSMY YieldMax TSM Option Income Strategy ETF | 58.31% | 56.76% | 13.71% |
Frequently Asked Questions
BITK and TSMY have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BITK is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BITK is cheaper with a 0.99% expense ratio, compared with 1.01% for TSMY.
TSMY has the higher dividend yield at 58.31%, compared with 49.49% for BITK.
They also come from different issuers: Tuttle and YieldMax. Their fees differ too: 0.99% for BITK and 1.01% for TSMY.
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