CONY vs. YBIT
Compare and contrast key facts about YieldMax COIN Option Income Strategy ETF (CONY) and YieldMax Bitcoin Option Income Strategy ETF (YBIT).
CONY and YBIT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CONY is an actively managed fund by YieldMax. It was launched on Aug 14, 2023. YBIT is an actively managed fund by YieldMax. It was launched on Apr 22, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CONY or YBIT.
Correlation
The correlation between CONY and YBIT is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CONY vs. YBIT - Performance Comparison
Key characteristics
CONY:
0.13
YBIT:
0.41
CONY:
1.02
YBIT:
1.05
CONY:
22.80%
YBIT:
13.75%
CONY:
66.64%
YBIT:
42.12%
CONY:
-50.34%
YBIT:
-29.01%
CONY:
-36.37%
YBIT:
-6.73%
Returns By Period
In the year-to-date period, CONY achieves a -17.26% return, which is significantly lower than YBIT's 3.89% return.
CONY
-17.26%
13.39%
-3.28%
-16.55%
N/A
N/A
YBIT
3.89%
12.38%
18.15%
6.52%
N/A
N/A
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CONY vs. YBIT - Expense Ratio Comparison
Both CONY and YBIT have an expense ratio of 0.99%.
Risk-Adjusted Performance
CONY vs. YBIT — Risk-Adjusted Performance Rank
CONY
YBIT
CONY vs. YBIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax COIN Option Income Strategy ETF (CONY) 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.
Not enough dataDividends
CONY vs. YBIT - Dividend Comparison
CONY's dividend yield for the trailing twelve months is around 180.83%, more than YBIT's 90.49% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
CONY YieldMax COIN Option Income Strategy ETF | 180.83% | 155.65% | 16.44% |
YBIT YieldMax Bitcoin Option Income Strategy ETF | 90.49% | 60.01% | 0.00% |
Drawdowns
CONY vs. YBIT - Drawdown Comparison
The maximum CONY drawdown since its inception was -50.34%, which is greater than YBIT's maximum drawdown of -29.01%. Use the drawdown chart below to compare losses from any high point for CONY and YBIT. For additional features, visit the drawdowns tool.
Volatility
CONY vs. YBIT - Volatility Comparison
YieldMax COIN Option Income Strategy ETF (CONY) has a higher volatility of 19.79% compared to YieldMax Bitcoin Option Income Strategy ETF (YBIT) at 12.48%. This indicates that CONY's price experiences larger fluctuations and is considered to be riskier than YBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.