BITY vs. YBTC
BITY (Amplify Bitcoin 2% Monthly Option Income ETF) and YBTC (Roundhill Bitcoin Covered Call Strategy ETF) are both exchange-traded funds - BITY is a Derivative Income fund actively managed by Amplify, while YBTC is a Cryptocurrency fund actively managed by Roundhill. Both are actively managed. Over the past year, BITY returned -37.35% vs -35.71% for YBTC. Their correlation of 0.94 suggests significant overlap in exposure. BITY charges 0.65%/yr vs 0.95%/yr for YBTC.
Performance
BITY vs. YBTC - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with BITY having a -23.09% return and YBTC slightly lower at -23.39%.
BITY
- 1D
- -2.61%
- 1M
- -19.63%
- YTD
- -23.09%
- 6M
- -26.69%
- 1Y
- -37.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YBTC
- 1D
- -2.77%
- 1M
- -16.32%
- YTD
- -23.39%
- 6M
- -26.70%
- 1Y
- -35.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITY vs. YBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BITY Amplify Bitcoin 2% Monthly Option Income ETF | -23.09% | -8.21% |
YBTC Roundhill Bitcoin Covered Call Strategy ETF | -23.39% | -6.02% |
Correlation
The correlation between BITY and YBTC is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2025 | 0.94 |
The correlation between BITY and YBTC has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.
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Return for Risk
BITY vs. YBTC — Risk / Return Rank
BITY
YBTC
BITY vs. YBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify Bitcoin 2% Monthly Option Income ETF (BITY) and Roundhill Bitcoin Covered Call Strategy ETF (YBTC). 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.
| BITY | YBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.85 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | -0.76 | -0.05 |
| Martin ratioReturn relative to average drawdown | -1.41 | -1.39 | -0.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BITY | YBTC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.94 | -0.91 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.70 | 0.16 | -0.86 |
Drawdowns
BITY vs. YBTC - Drawdown Comparison
The maximum BITY drawdown since its inception was -46.36%, roughly equal to the maximum YBTC drawdown of -47.09%. Use the drawdown chart below to compare losses from any high point for BITY and YBTC.
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Drawdown Indicators
| BITY | YBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.36% | -47.09% | +0.73% |
Max Drawdown (1Y)Largest decline over 1 year | -46.36% | -47.09% | +0.73% |
Current DrawdownCurrent decline from peak | -45.49% | -44.06% | -1.43% |
Average DrawdownAverage peak-to-trough decline | -19.67% | -12.89% | -6.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.48% | 25.69% | +0.79% |
Volatility
BITY vs. YBTC - Volatility Comparison
Amplify Bitcoin 2% Monthly Option Income ETF (BITY) has a higher volatility of 9.68% compared to Roundhill Bitcoin Covered Call Strategy ETF (YBTC) at 8.85%. This indicates that BITY's price experiences larger fluctuations and is considered to be riskier than YBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BITY | YBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.68% | 8.85% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 31.24% | 31.81% | -0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.94% | 39.20% | +0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.02% | 40.81% | -1.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.02% | 40.81% | -1.79% |
BITY vs. YBTC - Expense Ratio Comparison
BITY has a 0.65% expense ratio, which is lower than YBTC's 0.95% expense ratio.
Dividends
BITY vs. YBTC - Dividend Comparison
BITY's dividend yield for the trailing twelve months is around 39.66%, less than YBTC's 88.13% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BITY Amplify Bitcoin 2% Monthly Option Income ETF | 39.66% | 21.53% | 0.00% |
YBTC Roundhill Bitcoin Covered Call Strategy ETF | 88.13% | 76.04% | 44.53% |
Frequently Asked Questions
With a correlation of 0.94, BITY and YBTC 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.
BITY has higher volatility (9.68%) compared to YBTC (8.85%). In terms of maximum drawdown, BITY dropped -46.36% vs YBTC's -47.09%.
On 1-year performance, YBTC leads with -35.71% vs -37.35% for BITY. On fees, BITY is cheaper at 0.65% per year. On volatility, YBTC has been the lower-risk option at 8.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, YBTC has performed better with a -35.71% return vs -37.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BITY is cheaper with a 0.65% expense ratio, compared with 0.95% for YBTC.
YBTC has the higher dividend yield at 88.13%, compared with 39.66% for BITY.
BITY is categorized as Derivative Income, while YBTC is Cryptocurrency. They also come from different issuers: Amplify and Roundhill. Their fees differ too: 0.65% for BITY and 0.95% for YBTC.
YBTC currently has the higher Sharpe Ratio (-0.91 vs -0.94), 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.
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