PortfoliosLab logo
SQY vs. BITO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SQY and BITO is 0.53, 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.


-0.50.00.51.0
Correlation: 0.5

Performance

SQY vs. BITO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax SQ Option Income Strategy ETF (SQY) and ProShares Bitcoin Strategy ETF (BITO). The values are adjusted to include any dividend payments, if applicable.

0.00%50.00%100.00%150.00%200.00%250.00%NovemberDecember2025FebruaryMarchApril
16.52%
217.86%
SQY
BITO

Key characteristics

Sharpe Ratio

SQY:

-0.61

BITO:

0.63

Sortino Ratio

SQY:

-0.63

BITO:

1.24

Omega Ratio

SQY:

0.91

BITO:

1.14

Calmar Ratio

SQY:

-0.58

BITO:

1.11

Martin Ratio

SQY:

-1.67

BITO:

2.52

Ulcer Index

SQY:

14.53%

BITO:

13.75%

Daily Std Dev

SQY:

39.40%

BITO:

55.08%

Max Drawdown

SQY:

-42.16%

BITO:

-77.86%

Current Drawdown

SQY:

-41.03%

BITO:

-12.75%

Returns By Period

In the year-to-date period, SQY achieves a -33.73% return, which is significantly lower than BITO's 0.30% return.


SQY

YTD

-33.73%

1M

-5.69%

6M

-23.81%

1Y

-17.86%

5Y*

N/A

10Y*

N/A

BITO

YTD

0.30%

1M

9.90%

6M

38.09%

1Y

38.36%

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


SQY vs. BITO - Expense Ratio Comparison

SQY has a 1.01% expense ratio, which is higher than BITO's 0.95% expense ratio.


Expense ratio chart for SQY: current value is 1.01%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SQY: 1.01%
Expense ratio chart for BITO: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
BITO: 0.95%

Risk-Adjusted Performance

SQY vs. BITO — Risk-Adjusted Performance Rank

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

SQY
The Risk-Adjusted Performance Rank of SQY is 22
Overall Rank
The Sharpe Ratio Rank of SQY is 33
Sharpe Ratio Rank
The Sortino Ratio Rank of SQY is 44
Sortino Ratio Rank
The Omega Ratio Rank of SQY is 33
Omega Ratio Rank
The Calmar Ratio Rank of SQY is 11
Calmar Ratio Rank
The Martin Ratio Rank of SQY is 11
Martin Ratio Rank

BITO
The Risk-Adjusted Performance Rank of BITO is 7171
Overall Rank
The Sharpe Ratio Rank of BITO is 6565
Sharpe Ratio Rank
The Sortino Ratio Rank of BITO is 7474
Sortino Ratio Rank
The Omega Ratio Rank of BITO is 6666
Omega Ratio Rank
The Calmar Ratio Rank of BITO is 8484
Calmar Ratio Rank
The Martin Ratio Rank of BITO is 6666
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SQY vs. BITO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax SQ Option Income Strategy ETF (SQY) and ProShares Bitcoin Strategy ETF (BITO). 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.


The chart of Sharpe ratio for SQY, currently valued at -0.49, compared to the broader market-1.000.001.002.003.004.00
SQY: -0.49
BITO: 0.63
The chart of Sortino ratio for SQY, currently valued at -0.44, compared to the broader market-2.000.002.004.006.008.00
SQY: -0.44
BITO: 1.24
The chart of Omega ratio for SQY, currently valued at 0.94, compared to the broader market0.501.001.502.002.50
SQY: 0.94
BITO: 1.14
The chart of Calmar ratio for SQY, currently valued at -0.45, compared to the broader market0.002.004.006.008.0010.0012.00
SQY: -0.45
BITO: 1.16
The chart of Martin ratio for SQY, currently valued at -1.08, compared to the broader market0.0020.0040.0060.00
SQY: -1.08
BITO: 2.52

The current SQY Sharpe Ratio is -0.61, which is lower than the BITO Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of SQY and BITO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00NovemberDecember2025FebruaryMarchApril
-0.49
0.63
SQY
BITO

Dividends

SQY vs. BITO - Dividend Comparison

SQY's dividend yield for the trailing twelve months is around 95.37%, more than BITO's 66.60% yield.


TTM20242023
SQY
YieldMax SQ Option Income Strategy ETF
95.37%62.54%9.85%
BITO
ProShares Bitcoin Strategy ETF
66.60%61.58%15.14%

Drawdowns

SQY vs. BITO - Drawdown Comparison

The maximum SQY drawdown since its inception was -42.16%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for SQY and BITO. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-41.03%
-12.75%
SQY
BITO

Volatility

SQY vs. BITO - Volatility Comparison

The current volatility for YieldMax SQ Option Income Strategy ETF (SQY) is 5.01%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 16.62%. This indicates that SQY experiences smaller price fluctuations and is considered to be less risky than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%NovemberDecember2025FebruaryMarchApril
5.01%
16.62%
SQY
BITO