XBTY vs. YETH

Last updated Jun 3, 2026

XBTY (GraniteShares YieldBOOST Bitcoin ETF) and YETH (Roundhill Ether Covered Call Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, XBTY returned -35.32% vs -22.85% for YETH. A 0.75 correlation means they provide meaningful diversification when combined. XBTY charges 0.99%/yr vs 0.95%/yr for YETH.

Performance

XBTY vs. YETH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST Bitcoin ETF (XBTY) and Roundhill Ether Covered Call Strategy ETF (YETH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XBTY achieves a -19.17% return, which is significantly higher than YETH's -28.94% return.

XBTY

• 1D: -2.23%
• 1M: -7.49%
• YTD: -19.17%
• 6M: -19.19%
• 1Y: -35.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

YETH

• 1D: -4.29%
• 1M: -14.28%
• YTD: -28.94%
• 6M: -25.44%
• 1Y: -22.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XBTY vs. YETH - Yearly Performance Comparison

	2026 (YTD)	2025
XBTY GraniteShares YieldBOOST Bitcoin ETF	-19.17%	-21.15%
YETH Roundhill Ether Covered Call Strategy ETF	-28.94%	6.20%

Correlation

The correlation between XBTY and YETH is 0.76, 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	0.76
Correlation (All Time) Calculated using the full available price history since May 14, 2025	0.75

The correlation between XBTY and YETH has been stable across timeframes, ranging from 0.75 to 0.76 - a consistent structural relationship.

Return for Risk

XBTY vs. YETH — Risk / Return Rank

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

XBTY

XBTY Risk / Return Rank: 1
XBTY Sharpe Ratio Rank: 1
XBTY Sortino Ratio Rank: 1
XBTY Omega Ratio Rank: 1
XBTY Calmar Ratio Rank: 2
XBTY Martin Ratio Rank: 3

YETH

YETH Risk / Return Rank: 5
YETH Sharpe Ratio Rank: 5
YETH Sortino Ratio Rank: 6
YETH Omega Ratio Rank: 6
YETH Calmar Ratio Rank: 5
YETH Martin Ratio Rank: 5

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.

XBTY vs. YETH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST Bitcoin ETF (XBTY) and Roundhill Ether Covered Call Strategy ETF (YETH). 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.

	XBTY	YETH	Difference
Sharpe ratio Return per unit of total volatility	-1.25	-0.40	-0.85
Sortino ratio Return per unit of downside risk	-1.78	-0.24	-1.55
Omega ratio Gain probability vs. loss probability	0.79	0.97	-0.18
Calmar ratio Return relative to maximum drawdown	-0.78	-0.43	-0.36
Martin ratio Return relative to average drawdown	-1.20	-0.77	-0.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XBTY vs. YETH - Sharpe Ratio Comparison

The current XBTY Sharpe Ratio is -1.25, which is lower than the YETH Sharpe Ratio of -0.40. The chart below compares the historical Sharpe Ratios of XBTY and YETH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XBTY	YETH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.25	-0.40	-0.85
Sharpe Ratio (All Time) Calculated using the full available price history	-1.25	-0.46	-0.79

Drawdowns

XBTY vs. YETH - Drawdown Comparison

The maximum XBTY drawdown since its inception was -45.23%, smaller than the maximum YETH drawdown of -61.73%. Use the drawdown chart below to compare losses from any high point for XBTY and YETH.

Drawdown Indicators

	XBTY	YETH	Difference
Max Drawdown Largest peak-to-trough decline	-45.23%	-61.73%	+16.50%
Max Drawdown (1Y) Largest decline over 1 year	-45.23%	-55.63%	+10.40%
Current Drawdown Current decline from peak	-45.23%	-56.59%	+11.36%
Average Drawdown Average peak-to-trough decline	-22.95%	-30.86%	+7.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.35%	30.74%	-1.39%

Volatility

XBTY vs. YETH - Volatility Comparison

The current volatility for GraniteShares YieldBOOST Bitcoin ETF (XBTY) is 5.55%, while Roundhill Ether Covered Call Strategy ETF (YETH) has a volatility of 8.86%. This indicates that XBTY experiences smaller price fluctuations and is considered to be less risky than YETH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XBTY	YETH	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.55%	8.86%	-3.31%
Volatility (6M) Calculated over the trailing 6-month period	18.20%	39.28%	-21.08%
Volatility (1Y) Calculated over the trailing 1-year period	28.34%	56.81%	-28.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.01%	55.33%	-27.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.01%	55.33%	-27.32%

XBTY vs. YETH - Expense Ratio Comparison

XBTY has a 0.99% expense ratio, which is higher than YETH's 0.95% expense ratio.

Dividends

XBTY vs. YETH - Dividend Comparison

XBTY's dividend yield for the trailing twelve months is around 239.89%, more than YETH's 132.13% yield.

Position	TTM	2025	2024
XBTY GraniteShares YieldBOOST Bitcoin ETF	239.89%	102.53%	0.00%
YETH Roundhill Ether Covered Call Strategy ETF	132.13%	109.12%	20.52%

Frequently Asked Questions

Can I hold both XBTY and YETH in my portfolio?

XBTY and YETH have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XBTY or YETH?

YETH has higher volatility (8.86%) compared to XBTY (5.55%). In terms of maximum drawdown, XBTY dropped -45.23% vs YETH's -61.73%.

Which ETF is better, XBTY or YETH?

On 1-year performance, YETH leads with -22.85% vs -35.32% for XBTY. On fees, YETH is cheaper at 0.95% per year. On volatility, XBTY has been the lower-risk option at 5.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XBTY or YETH?

Over the 1-year period, YETH has performed better with a -22.85% return vs -35.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XBTY or YETH?

YETH is cheaper with a 0.95% expense ratio, compared with 0.99% for XBTY.

Which ETF pays a higher dividend yield, XBTY or YETH?

XBTY has the higher dividend yield at 239.89%, compared with 132.13% for YETH.

What is the main difference between XBTY and YETH?

They also come from different issuers: GraniteShares and Roundhill. Their fees differ too: 0.99% for XBTY and 0.95% for YETH.

Which has better risk-adjusted returns?

YETH currently has the higher Sharpe Ratio (-0.40 vs -1.25), 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.