SDTY vs. YBTC

Last updated Jul 21, 2026

SDTY (YieldMax S&P 500 0DTE Covered Call Strategy ETF) and YBTC (Roundhill Bitcoin Covered Call Strategy ETF) are both exchange-traded funds - SDTY is a Derivative Income fund actively managed by YieldMax, while YBTC is a Cryptocurrency fund actively managed by Roundhill. Both are actively managed. Over the past year, SDTY returned 17.90% vs -40.78% for YBTC. At a 0.45 correlation, their price movements are largely independent. SDTY charges 1.01%/yr vs 0.95%/yr for YBTC.

Performance

SDTY vs. YBTC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax S&P 500 0DTE Covered Call Strategy ETF (SDTY) and Roundhill Bitcoin Covered Call Strategy ETF (YBTC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SDTY achieves a 7.95% return, which is significantly higher than YBTC's -22.14% return.

SDTY

• 1D: -0.05%
• 1M: 0.07%
• 6M: 6.33%
• YTD: 7.95%
• 1Y: 17.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.36%

YBTC

• 1D: 0.90%
• 1M: 4.64%
• 6M: -28.05%
• YTD: -22.14%
• 1Y: -40.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.04%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SDTY vs. YBTC - Yearly Performance Comparison

	2026 (YTD)	2025
SDTY YieldMax S&P 500 0DTE Covered Call Strategy ETF	7.95%	9.67%
YBTC Roundhill Bitcoin Covered Call Strategy ETF	-22.14%	-8.63%

Correlation

The correlation between SDTY and YBTC is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (All Time) Calculated using the full available price history since Feb 6, 2025	0.45

Return for Risk

SDTY vs. YBTC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SDTY

SDTY Risk / Return Rank: 63
SDTY Sharpe Ratio Rank: 62
SDTY Sortino Ratio Rank: 60
SDTY Omega Ratio Rank: 62
SDTY Calmar Ratio Rank: 60
SDTY Martin Ratio Rank: 68

YBTC

YBTC Risk / Return Rank: 2
YBTC Sharpe Ratio Rank: 2
YBTC Sortino Ratio Rank: 2
YBTC Omega Ratio Rank: 2
YBTC Calmar Ratio Rank: 2
YBTC Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SDTY vs. YBTC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax S&P 500 0DTE Covered Call Strategy ETF (SDTY) 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.

	SDTY	YBTC	Difference
Sharpe ratio: Return per unit of total volatility	1.54	-1.02	+2.56
Sortino ratio: Return per unit of downside risk	2.14	-1.44	+3.58
Omega ratio: Gain probability vs. loss probability	1.28	0.82	+0.46
Calmar ratio: Return relative to maximum drawdown	2.24	-0.84	+3.08
Martin ratio: Return relative to average drawdown	8.97	-1.35	+10.32

SDTY vs. YBTC - Sharpe Ratio Comparison

The current SDTY Sharpe Ratio is 1.54, which is higher than the YBTC Sharpe Ratio of -1.02. The chart below compares the historical Sharpe Ratios of SDTY and YBTC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SDTY vs. YBTC - Drawdown Comparison

The maximum SDTY drawdown since its inception was -18.63%, smaller than the maximum YBTC drawdown of -48.84%. Use the drawdown chart below to compare losses from any high point for SDTY and YBTC.

Drawdown Indicators

	SDTY	YBTC	Difference
Max Drawdown Largest peak-to-trough decline	-18.63%	-48.84%	+30.21%
Max Drawdown (1Y) Largest decline over 1 year	-8.02%	-48.84%	+40.82%
Current Drawdown Current decline from peak	-1.25%	-43.14%	+41.89%
Average Drawdown Average peak-to-trough decline	-2.89%	-14.50%	+11.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	30.27%	-28.27%

Volatility

SDTY vs. YBTC - Volatility Comparison

The current volatility for YieldMax S&P 500 0DTE Covered Call Strategy ETF (SDTY) is 3.00%, while Roundhill Bitcoin Covered Call Strategy ETF (YBTC) has a volatility of 9.15%. This indicates that SDTY experiences smaller price fluctuations and is considered to be less risky than YBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SDTY	YBTC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.00%	9.15%	-6.15%
Volatility (6M) Calculated over the trailing 6-month period	9.23%	32.48%	-23.25%
Volatility (1Y) Calculated over the trailing 1-year period	11.69%	40.18%	-28.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.51%	40.65%	-24.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.51%	40.65%	-24.14%

SDTY vs. YBTC - Expense Ratio Comparison

SDTY has a 1.01% expense ratio, which is higher than YBTC's 0.95% expense ratio.

Dividends

SDTY vs. YBTC - Dividend Comparison

SDTY's dividend yield for the trailing twelve months is around 26.94%, less than YBTC's 82.41% yield.

Position	TTM	2025	2024
SDTY YieldMax S&P 500 0DTE Covered Call Strategy ETF	26.94%	22.00%	0.00%
YBTC Roundhill Bitcoin Covered Call Strategy ETF	82.41%	76.04%	44.53%

Frequently Asked Questions

Can I hold both SDTY and YBTC in my portfolio?

SDTY and YBTC have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SDTY or YBTC?

YBTC has higher volatility (9.15%) compared to SDTY (3.00%). In terms of maximum drawdown, SDTY dropped -18.63% vs YBTC's -48.84%.

Which ETF is better, SDTY or YBTC?

On 1-year performance, SDTY leads with 17.90% vs -40.78% for YBTC. On fees, YBTC is cheaper at 0.95% per year. On volatility, SDTY has been the lower-risk option at 3.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SDTY or YBTC?

Over the 1-year period, SDTY has performed better with a 17.90% return vs -40.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SDTY or YBTC?

YBTC is cheaper with a 0.95% expense ratio, compared with 1.01% for SDTY.

Which ETF pays a higher dividend yield, SDTY or YBTC?

YBTC has the higher dividend yield at 82.41%, compared with 26.94% for SDTY.

What is the main difference between SDTY and YBTC?

SDTY is categorized as Derivative Income, while YBTC is Cryptocurrency. They also come from different issuers: YieldMax and Roundhill. Their fees differ too: 1.01% for SDTY and 0.95% for YBTC.

Which has better risk-adjusted returns?

SDTY currently has the higher Sharpe Ratio (1.54 vs -1.02), 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.