YBIT vs. BCCC

Last updated Jul 18, 2026

YBIT (YieldMax Bitcoin Option Income Strategy ETF) and BCCC (Global X Bitcoin Covered Call ETF) are both Cryptocurrency funds. Both are actively managed. Over the past year, YBIT returned -41.67% vs -33.90% for BCCC. With a 0.98 correlation, they move nearly in lockstep. YBIT charges 0.99%/yr vs 0.75%/yr for BCCC.

Performance

YBIT vs. BCCC - Performance Comparison

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

Returns By Period

In the year-to-date period, YBIT achieves a -25.67% return, which is significantly lower than BCCC's -21.42% return.

YBIT

• 1D: -0.58%
• 1M: 1.13%
• 6M: -30.01%
• YTD: -25.67%
• 1Y: -41.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BCCC

• 1D: 0.17%
• 1M: 1.55%
• 6M: -26.40%
• YTD: -21.42%
• 1Y: -33.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YBIT vs. BCCC - Yearly Performance Comparison

	2026 (YTD)	2025
YBIT YieldMax Bitcoin Option Income Strategy ETF	-25.67%	-14.16%
BCCC Global X Bitcoin Covered Call ETF	-21.42%	-7.02%

Correlation

The correlation between YBIT and BCCC is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025	0.98

The correlation between YBIT and BCCC has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.

Return for Risk

YBIT vs. BCCC — Risk / Return Rank

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

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

BCCC

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

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.

YBIT vs. BCCC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Bitcoin Option Income Strategy ETF (YBIT) and Global X Bitcoin Covered Call ETF (BCCC). 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.

	YBIT	BCCC	Difference
Sharpe ratio: Return per unit of total volatility	-1.13	-0.96	-0.18
Sortino ratio: Return per unit of downside risk	-1.67	-1.27	-0.39
Omega ratio: Gain probability vs. loss probability	0.81	0.84	-0.03
Calmar ratio: Return relative to maximum drawdown	-0.88	-0.81	-0.07
Martin ratio: Return relative to average drawdown	-1.43	-1.36	-0.07

YBIT vs. BCCC - Sharpe Ratio Comparison

The current YBIT Sharpe Ratio is -1.13, which is comparable to the BCCC Sharpe Ratio of -0.96. The chart below compares the historical Sharpe Ratios of YBIT and BCCC, 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

YBIT vs. BCCC - Drawdown Comparison

The maximum YBIT drawdown since its inception was -47.46%, which is greater than BCCC's maximum drawdown of -41.79%. Use the drawdown chart below to compare losses from any high point for YBIT and BCCC.

Drawdown Indicators

	YBIT	BCCC	Difference
Max Drawdown Largest peak-to-trough decline	-47.46%	-41.79%	-5.67%
Max Drawdown (1Y) Largest decline over 1 year	-47.46%	-41.79%	-5.67%
Current Drawdown Current decline from peak	-43.92%	-37.20%	-6.72%
Average Drawdown Average peak-to-trough decline	-16.69%	-19.15%	+2.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.16%	25.03%	+4.13%

Volatility

YBIT vs. BCCC - Volatility Comparison

YieldMax Bitcoin Option Income Strategy ETF (YBIT) and Global X Bitcoin Covered Call ETF (BCCC) have volatilities of 8.40% and 8.13%, 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

	YBIT	BCCC	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.40%	8.13%	+0.27%
Volatility (6M) Calculated over the trailing 6-month period	29.30%	29.27%	+0.03%
Volatility (1Y) Calculated over the trailing 1-year period	36.92%	35.59%	+1.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.40%	34.68%	+3.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.40%	34.68%	+3.72%

YBIT vs. BCCC - Expense Ratio Comparison

YBIT has a 0.99% expense ratio, which is higher than BCCC's 0.75% expense ratio.

Dividends

YBIT vs. BCCC - Dividend Comparison

YBIT's dividend yield for the trailing twelve months is around 95.62%, more than BCCC's 60.31% yield.

Position	TTM	2025	2024
BCCC Global X Bitcoin Covered Call ETF	60.31%	29.55%	0.00%
YBIT YieldMax Bitcoin Option Income Strategy ETF	95.62%	88.33%	60.00%

Frequently Asked Questions

Can I hold both YBIT and BCCC in my portfolio?

With a correlation of 0.98, YBIT and BCCC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, YBIT or BCCC?

YBIT has higher volatility (8.40%) compared to BCCC (8.13%). In terms of maximum drawdown, YBIT dropped -47.46% vs BCCC's -41.79%.

Which ETF is better, YBIT or BCCC?

On 1-year performance, BCCC leads with -33.90% vs -41.67% for YBIT. On fees, BCCC is cheaper at 0.75% per year. On volatility, BCCC has been the lower-risk option at 8.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YBIT or BCCC?

Over the 1-year period, BCCC has performed better with a -33.90% return vs -41.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YBIT or BCCC?

BCCC is cheaper with a 0.75% expense ratio, compared with 0.99% for YBIT.

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

YBIT has the higher dividend yield at 95.62%, compared with 60.31% for BCCC.

What is the main difference between YBIT and BCCC?

They also come from different issuers: YieldMax and Global X. Their fees differ too: 0.99% for YBIT and 0.75% for BCCC.

Which has better risk-adjusted returns?

BCCC currently has the higher Sharpe Ratio (-0.96 vs -1.13), 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.