XYZY vs. YBIT

Last updated Jun 26, 2026

XYZY (YieldMax XYZ Option Income Strategy ETF) and YBIT (YieldMax Bitcoin Option Income Strategy ETF) are both exchange-traded funds - XYZY is a Derivative Income fund actively managed by YieldMax, while YBIT is a Cryptocurrency fund actively managed by YieldMax. Both are actively managed. Over the past year, XYZY returned 0.01% vs -40.64% for YBIT. At a 0.37 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

XYZY vs. YBIT - Performance Comparison

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

Returns By Period

In the year-to-date period, XYZY achieves a 2.96% return, which is significantly higher than YBIT's -30.07% return.

XYZY

• 1D: -1.92%
• 1M: 2.88%
• YTD: 2.96%
• 6M: 1.92%
• 1Y: 0.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

YBIT

• 1D: -0.85%
• 1M: -19.02%
• YTD: -30.07%
• 6M: -29.90%
• 1Y: -40.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XYZY vs. YBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XYZY YieldMax XYZ Option Income Strategy ETF	2.96%	-29.43%	26.43%
YBIT YieldMax Bitcoin Option Income Strategy ETF	-30.07%	-2.49%	1.40%

Correlation

The correlation between XYZY and YBIT is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (All Time) Calculated using the full available price history since Apr 23, 2024	0.37

Return for Risk

XYZY vs. YBIT — Risk / Return Rank

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

XYZY

XYZY Risk / Return Rank: 9
XYZY Sharpe Ratio Rank: 9
XYZY Sortino Ratio Rank: 10
XYZY Omega Ratio Rank: 10
XYZY Calmar Ratio Rank: 9
XYZY Martin Ratio Rank: 9

YBIT

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

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.

XYZY vs. YBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax XYZ Option Income Strategy ETF (XYZY) 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.

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.

	XYZY	YBIT	Difference
Sharpe ratio: Return per unit of total volatility	0.00	-1.11	+1.11
Sortino ratio: Return per unit of downside risk	0.27	-1.61	+1.89
Omega ratio: Gain probability vs. loss probability	1.04	0.81	+0.23
Calmar ratio: Return relative to maximum drawdown	0.00	-0.86	+0.86
Martin ratio: Return relative to average drawdown	0.00	-1.50	+1.51

XYZY vs. YBIT - Sharpe Ratio Comparison

The current XYZY Sharpe Ratio is 0.00, which is higher than the YBIT Sharpe Ratio of -1.11. The chart below compares the historical Sharpe Ratios of XYZY and YBIT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XYZY vs. YBIT - Drawdown Comparison

The maximum XYZY drawdown since its inception was -52.30%, which is greater than YBIT's maximum drawdown of -47.30%. Use the drawdown chart below to compare losses from any high point for XYZY and YBIT.

Drawdown Indicators

	XYZY	YBIT	Difference
Max Drawdown Largest peak-to-trough decline	-52.30%	-47.30%	-5.00%
Max Drawdown (1Y) Largest decline over 1 year	-37.72%	-47.30%	+9.58%
Current Drawdown Current decline from peak	-35.35%	-47.23%	+11.88%
Average Drawdown Average peak-to-trough decline	-22.13%	-15.91%	-6.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.72%	27.03%	-9.31%

Volatility

XYZY vs. YBIT - Volatility Comparison

YieldMax XYZ Option Income Strategy ETF (XYZY) and YieldMax Bitcoin Option Income Strategy ETF (YBIT) have volatilities of 11.54% and 11.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XYZY	YBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.54%	11.55%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	31.11%	29.42%	+1.69%
Volatility (1Y) Calculated over the trailing 1-year period	39.49%	36.83%	+2.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.06%	38.69%	+3.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.06%	38.69%	+3.37%

XYZY vs. YBIT - Expense Ratio Comparison

Both XYZY and YBIT have an expense ratio of 0.99%.

Dividends

XYZY vs. YBIT - Dividend Comparison

XYZY's dividend yield for the trailing twelve months is around 97.09%, less than YBIT's 106.69% yield.

Position	TTM	2025	2024	2023
XYZY YieldMax XYZ Option Income Strategy ETF	97.09%	95.35%	62.54%	9.85%
YBIT YieldMax Bitcoin Option Income Strategy ETF	106.69%	88.33%	60.00%	0.00%

Frequently Asked Questions

Can I hold both XYZY and YBIT in my portfolio?

XYZY and YBIT have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XYZY or YBIT?

YBIT has higher volatility (11.55%) compared to XYZY (11.54%). In terms of maximum drawdown, XYZY dropped -52.30% vs YBIT's -47.30%.

Which ETF is better, XYZY or YBIT?

On 1-year performance, XYZY leads with 0.01% vs -40.64% for YBIT. Both ETFs have the same 0.99% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XYZY or YBIT?

Over the 1-year period, XYZY has performed better with a 0.01% return vs -40.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XYZY or YBIT?

XYZY and YBIT have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, XYZY or YBIT?

YBIT has the higher dividend yield at 106.69%, compared with 97.09% for XYZY.

What is the main difference between XYZY and YBIT?

XYZY is categorized as Derivative Income, while YBIT is Cryptocurrency.

Which has better risk-adjusted returns?

XYZY currently has the higher Sharpe Ratio (0.00 vs -1.11), 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.