SLTY vs. YBIT
SLTY (YieldMax Ultra Short Option Income Strategy ETF) and YBIT (YieldMax Bitcoin Option Income Strategy ETF) are both exchange-traded funds - SLTY is a Derivative Income fund actively managed by YieldMax, while YBIT is a Cryptocurrency fund actively managed by YieldMax. Both are actively managed. At a correlation of -0.48, they often move in opposite directions. SLTY charges 1.24%/yr vs 0.99%/yr for YBIT.
Performance
SLTY vs. YBIT - Performance Comparison
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Returns By Period
In the year-to-date period, SLTY achieves a -6.01% return, which is significantly higher than YBIT's -24.59% return.
SLTY
- 1D
- 0.65%
- 1M
- -1.73%
- YTD
- -6.01%
- 6M
- -5.54%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YBIT
- 1D
- -2.50%
- 1M
- -15.67%
- YTD
- -24.59%
- 6M
- -27.08%
- 1Y
- -35.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SLTY vs. YBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SLTY YieldMax Ultra Short Option Income Strategy ETF | -6.01% | -12.17% |
YBIT YieldMax Bitcoin Option Income Strategy ETF | -24.59% | -17.53% |
Correlation
The correlation between SLTY and YBIT is -0.48, 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 (All Time) Calculated using the full available price history since Aug 22, 2025 | -0.48 |
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Return for Risk
SLTY vs. YBIT — Risk / Return Rank
SLTY
YBIT
SLTY vs. YBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Ultra Short Option Income Strategy ETF (SLTY) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| SLTY | YBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.98 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.19 | -0.35 | -0.83 |
Drawdowns
SLTY vs. YBIT - Drawdown Comparison
The maximum SLTY drawdown since its inception was -20.88%, smaller than the maximum YBIT drawdown of -45.54%. Use the drawdown chart below to compare losses from any high point for SLTY and YBIT.
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Drawdown Indicators
| SLTY | YBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.88% | -45.54% | +24.66% |
Max Drawdown (1Y)Largest decline over 1 year | — | -45.54% | — |
Current DrawdownCurrent decline from peak | -17.45% | -43.10% | +25.65% |
Average DrawdownAverage peak-to-trough decline | -13.72% | -15.12% | +1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 24.69% | — |
Volatility
SLTY vs. YBIT - Volatility Comparison
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Volatility by Period
| SLTY | YBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.77% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 29.10% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.42% | 36.10% | -17.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.42% | 38.63% | -20.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.42% | 38.63% | -20.21% |
SLTY vs. YBIT - Expense Ratio Comparison
SLTY has a 1.24% expense ratio, which is higher than YBIT's 0.99% expense ratio.
Dividends
SLTY vs. YBIT - Dividend Comparison
SLTY's dividend yield for the trailing twelve months is around 74.24%, less than YBIT's 101.02% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
SLTY YieldMax Ultra Short Option Income Strategy ETF | 74.24% | 29.68% | 0.00% |
YBIT YieldMax Bitcoin Option Income Strategy ETF | 101.02% | 88.33% | 60.00% |
Frequently Asked Questions
SLTY and YBIT 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.
On fees, YBIT is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
YBIT is cheaper with a 0.99% expense ratio, compared with 1.24% for SLTY.
YBIT has the higher dividend yield at 101.02%, compared with 74.24% for SLTY.
SLTY is categorized as Derivative Income, while YBIT is Cryptocurrency. Their fees differ too: 1.24% for SLTY and 0.99% for YBIT.
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