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 -45.20% vs -47.54% 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 -22.62% return, which is significantly higher than BTC-USD's -28.58% return.
XBTY
- 1D
- -0.09%
- 1M
- -1.98%
- 6M
- -24.61%
- YTD
- -22.62%
- 1Y
- -45.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- -1.96%
- 1M
- -3.01%
- 6M
- -31.47%
- YTD
- -28.58%
- 1Y
- -47.54%
- 3Y*
- 27.25%
- 5Y*
- 13.75%
- 10Y*
- 57.45%
XBTY vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XBTY GraniteShares YieldBOOST Bitcoin ETF | -22.62% | -21.19% |
BTC-USD Bitcoin | -28.58% | -14.89% |
Correlation
The correlation between XBTY and BTC-USD is 0.64, 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 | 0.64 |
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 0.64 - 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 | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 0.70 | 0.83 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | -0.90 | -0.03 |
| Martin ratioReturn relative to average drawdown | -1.36 | -1.46 | +0.09 |
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Drawdowns
XBTY vs. BTC-USD - Drawdown Comparison
The maximum XBTY drawdown since its inception was -49.03%, 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 | -49.03% | -85.30% | +36.27% |
Max Drawdown (1Y)Largest decline over 1 year | -49.03% | -53.08% | +4.05% |
Max Drawdown (3Y)Largest decline over 3 years | — | -53.08% | — |
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 | -47.58% | -49.89% | +2.31% |
Average DrawdownAverage peak-to-trough decline | -25.12% | -42.55% | +17.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.18% | 28.99% | +4.19% |
Volatility
XBTY vs. BTC-USD - Volatility Comparison
The current volatility for GraniteShares YieldBOOST Bitcoin ETF (XBTY) is 4.33%, while Bitcoin (BTC-USD) has a volatility of 8.86%. 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 | 4.33% | 8.86% | -4.53% |
Volatility (6M)Calculated over the trailing 6-month period | 15.56% | 34.96% | -19.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.20% | 35.56% | -8.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.99% | 43.94% | -16.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.99% | 56.32% | -29.33% |
Frequently Asked Questions
XBTY and BTC-USD have a correlation of 0.64, 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 (8.86%) compared to XBTY (4.33%). In terms of maximum drawdown, XBTY dropped -49.03% vs BTC-USD's -85.30%.
BTC-USD currently has the higher Sharpe Ratio (-1.11 vs -1.67), 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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