BTC-USD vs. YBTC
BTC-USD (Bitcoin) is a cryptocurrency, while YBTC (Roundhill Bitcoin Covered Call Strategy ETF) is Cryptocurrency fund actively managed by Roundhill. Over the past year, BTC-USD returned -40.30% vs -36.92% for YBTC. A 0.64 correlation means they provide meaningful diversification when combined.
Performance
BTC-USD vs. YBTC - Performance Comparison
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Returns By Period
In the year-to-date period, BTC-USD achieves a -28.07% return, which is significantly lower than YBTC's -26.15% return.
BTC-USD
- 1D
- -1.58%
- 1M
- -18.24%
- YTD
- -28.07%
- 6M
- -28.01%
- 1Y
- -40.30%
- 3Y*
- 27.25%
- 5Y*
- 12.68%
- 10Y*
- 57.41%
YBTC
- 1D
- -2.45%
- 1M
- -16.58%
- YTD
- -26.15%
- 6M
- -25.92%
- 1Y
- -36.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD vs. YBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTC-USD Bitcoin | -28.07% | -6.27% | 118.43% |
YBTC Roundhill Bitcoin Covered Call Strategy ETF | -26.15% | -4.23% | 55.31% |
Correlation
The correlation between BTC-USD and YBTC is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2024 | 0.64 |
The correlation between BTC-USD and YBTC has been stable across timeframes, ranging from 0.64 to 0.68 - a consistent structural relationship.
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Return for Risk
BTC-USD vs. YBTC — Risk / Return Rank
BTC-USD
YBTC
BTC-USD vs. YBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) 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.
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.
| BTC-USD | YBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.84 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | -0.76 | -0.03 |
| Martin ratioReturn relative to average drawdown | -1.32 | -1.33 | +0.01 |
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Drawdowns
BTC-USD vs. YBTC - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, which is greater than YBTC's maximum drawdown of -48.82%. Use the drawdown chart below to compare losses from any high point for BTC-USD and YBTC.
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Drawdown Indicators
| BTC-USD | YBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -48.82% | -36.48% |
Max Drawdown (1Y)Largest decline over 1 year | -51.21% | -48.82% | -2.39% |
Max Drawdown (3Y)Largest decline over 3 years | -51.21% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | — | — |
Current DrawdownCurrent decline from peak | -49.54% | -46.07% | -3.47% |
Average DrawdownAverage peak-to-trough decline | -42.40% | -13.58% | -28.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.29% | 27.69% | +3.60% |
Volatility
BTC-USD vs. YBTC - Volatility Comparison
Bitcoin (BTC-USD) and Roundhill Bitcoin Covered Call Strategy ETF (YBTC) have volatilities of 12.23% and 12.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTC-USD | YBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.23% | 12.43% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 34.57% | 32.04% | +2.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.70% | 39.80% | -4.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.26% | 40.90% | +3.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.41% | 40.90% | +15.51% |
Frequently Asked Questions
BTC-USD and YBTC have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YBTC has higher volatility (12.43%) compared to BTC-USD (12.23%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs YBTC's -48.82%.
YBTC currently has the higher Sharpe Ratio (-0.93 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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