FIAT vs. YBIT
FIAT (YieldMax Short COIN Option Income Strategy ETF) and YBIT (YieldMax Bitcoin Option Income Strategy ETF) are both exchange-traded funds - FIAT is a Derivative Income fund actively managed by YieldMax, while YBIT is a Cryptocurrency fund actively managed by YieldMax. Both are actively managed. Over the past year, FIAT returned 25.10% vs -35.40% for YBIT. At a correlation of -0.69, they often move in opposite directions. Both charge a 0.99% expense ratio.
Performance
FIAT vs. YBIT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FIAT achieves a 16.16% return, which is significantly higher than YBIT's -26.58% return.
FIAT
- 1D
- 2.82%
- 1M
- 11.72%
- YTD
- 16.16%
- 6M
- 21.46%
- 1Y
- 25.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YBIT
- 1D
- -1.93%
- 1M
- -14.55%
- YTD
- -26.58%
- 6M
- -26.68%
- 1Y
- -35.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FIAT vs. YBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FIAT YieldMax Short COIN Option Income Strategy ETF | 16.16% | -24.17% | -28.04% |
YBIT YieldMax Bitcoin Option Income Strategy ETF | -26.58% | -2.49% | 14.95% |
Correlation
The correlation between FIAT and YBIT is -0.74, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.74 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2024 | -0.69 |
The correlation between FIAT and YBIT has been stable across timeframes, ranging from -0.74 to -0.69 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FIAT vs. YBIT — Risk / Return Rank
FIAT
YBIT
FIAT vs. YBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Short COIN Option Income Strategy ETF (FIAT) 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.
| FIAT | YBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.44 | ||
| Sortino ratioReturn per unit of downside risk | +2.27 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.84 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | -0.75 | +1.49 |
| Martin ratioReturn relative to average drawdown | 1.60 | -1.33 | +2.92 |
Loading charts...
Drawdowns
FIAT vs. YBIT - Drawdown Comparison
The maximum FIAT drawdown since its inception was -70.50%, which is greater than YBIT's maximum drawdown of -47.30%. Use the drawdown chart below to compare losses from any high point for FIAT and YBIT.
Loading charts...
Drawdown Indicators
| FIAT | YBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.50% | -47.30% | -23.20% |
Max Drawdown (1Y)Largest decline over 1 year | -34.22% | -47.30% | +13.08% |
Current DrawdownCurrent decline from peak | -49.94% | -44.60% | -5.34% |
Average DrawdownAverage peak-to-trough decline | -45.40% | -15.80% | -29.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.71% | 26.71% | -9.00% |
Volatility
FIAT vs. YBIT - Volatility Comparison
YieldMax Short COIN Option Income Strategy ETF (FIAT) has a higher volatility of 14.10% compared to YieldMax Bitcoin Option Income Strategy ETF (YBIT) at 11.25%. This indicates that FIAT'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.
Loading charts...
Volatility by Period
| FIAT | YBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.10% | 11.25% | +2.85% |
Volatility (6M)Calculated over the trailing 6-month period | 42.87% | 29.41% | +13.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.54% | 36.69% | +16.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.24% | 38.66% | +21.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.24% | 38.66% | +21.58% |
FIAT vs. YBIT - Expense Ratio Comparison
Both FIAT and YBIT have an expense ratio of 0.99%.
Dividends
FIAT vs. YBIT - Dividend Comparison
FIAT's dividend yield for the trailing twelve months is around 100.29%, which matches YBIT's 100.08% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FIAT YieldMax Short COIN Option Income Strategy ETF | 100.29% | 178.11% | 70.99% |
YBIT YieldMax Bitcoin Option Income Strategy ETF | 100.08% | 88.33% | 60.00% |
Frequently Asked Questions
FIAT and YBIT have a correlation of -0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIAT has higher volatility (14.10%) compared to YBIT (11.25%). In terms of maximum drawdown, FIAT dropped -70.50% vs YBIT's -47.30%.
On 1-year performance, FIAT leads with 25.10% vs -35.40% for YBIT. Both ETFs have the same 0.99% expense ratio. On volatility, YBIT has been the lower-risk option at 11.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FIAT has performed better with a 25.10% return vs -35.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FIAT and YBIT have the same expense ratio: 0.99% per year.
FIAT has the higher dividend yield at 100.29%, compared with 100.08% for YBIT.
FIAT is categorized as Derivative Income, while YBIT is Cryptocurrency.
FIAT currently has the higher Sharpe Ratio (0.47 vs -0.97), 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.
Find the right allocation for FIAT and YBIT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer