XBTY vs. BTC-USD
XBTY (GraniteShares YieldBOOST Bitcoin ETF) is Derivative Income fund actively managed by GraniteShares, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past year, XBTY returned -39.34% vs -40.30% for BTC-USD. A 0.62 correlation means they provide meaningful diversification when combined.
Performance
XBTY vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, XBTY achieves a -21.52% return, which is significantly higher than BTC-USD's -28.07% return.
XBTY
- 1D
- -1.11%
- 1M
- -7.99%
- YTD
- -21.52%
- 6M
- -19.82%
- 1Y
- -39.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- -1.58%
- 1M
- -18.24%
- YTD
- -28.07%
- 6M
- -28.01%
- 1Y
- -40.30%
- 3Y*
- 27.25%
- 5Y*
- 12.68%
- 10Y*
- 57.41%
XBTY vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XBTY GraniteShares YieldBOOST Bitcoin ETF | -21.52% | -21.19% |
BTC-USD Bitcoin | -28.07% | -14.89% |
Correlation
The correlation between XBTY and BTC-USD is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since May 13, 2025 | 0.62 |
The correlation between XBTY and BTC-USD has been stable across timeframes, ranging from 0.62 to 0.63 - a consistent structural relationship.
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Return for Risk
XBTY vs. BTC-USD — Risk / Return Rank
XBTY
BTC-USD
XBTY vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST Bitcoin ETF (XBTY) and Bitcoin (BTC-USD). 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.
| XBTY | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 0.86 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | -0.79 | -0.05 |
| Martin ratioReturn relative to average drawdown | -1.26 | -1.32 | +0.07 |
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Drawdowns
XBTY vs. BTC-USD - Drawdown Comparison
The maximum XBTY drawdown since its inception was -47.01%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for XBTY and BTC-USD.
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Drawdown Indicators
| XBTY | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.01% | -85.30% | +38.29% |
Max Drawdown (1Y)Largest decline over 1 year | -47.01% | -51.21% | +4.20% |
Max Drawdown (3Y)Largest decline over 3 years | — | -51.21% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -46.83% | -49.54% | +2.71% |
Average DrawdownAverage peak-to-trough decline | -24.05% | -42.40% | +18.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.32% | 31.29% | +0.03% |
Volatility
XBTY vs. BTC-USD - Volatility Comparison
The current volatility for GraniteShares YieldBOOST Bitcoin ETF (XBTY) is 4.95%, while Bitcoin (BTC-USD) has a volatility of 12.23%. This indicates that XBTY experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XBTY | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.95% | 12.23% | -7.28% |
Volatility (6M)Calculated over the trailing 6-month period | 15.69% | 34.57% | -18.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.60% | 35.70% | -8.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.41% | 44.26% | -16.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.41% | 56.41% | -29.00% |
Frequently Asked Questions
XBTY and BTC-USD have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (12.23%) compared to XBTY (4.95%). In terms of maximum drawdown, XBTY dropped -47.01% vs BTC-USD's -85.30%.
BTC-USD currently has the higher Sharpe Ratio (-0.94 vs -1.43), 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.
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