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YBIT vs. BITO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between YBIT and BITO is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Performance

YBIT vs. BITO - Performance Comparison

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

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Key characteristics

Sharpe Ratio

YBIT:

0.39

BITO:

0.93

Sortino Ratio

YBIT:

0.87

BITO:

1.73

Omega Ratio

YBIT:

1.11

BITO:

1.20

Calmar Ratio

YBIT:

0.66

BITO:

1.89

Martin Ratio

YBIT:

1.40

BITO:

4.23

Ulcer Index

YBIT:

13.76%

BITO:

13.91%

Daily Std Dev

YBIT:

41.68%

BITO:

53.84%

Max Drawdown

YBIT:

-29.01%

BITO:

-77.86%

Current Drawdown

YBIT:

0.00%

BITO:

-5.09%

Returns By Period

In the year-to-date period, YBIT achieves a 12.11% return, which is significantly higher than BITO's 9.10% return.


YBIT

YTD

12.11%

1M

17.92%

6M

6.97%

1Y

15.96%

5Y*

N/A

10Y*

N/A

BITO

YTD

9.10%

1M

23.01%

6M

9.72%

1Y

49.81%

5Y*

N/A

10Y*

N/A

*Annualized

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YBIT vs. BITO - Expense Ratio Comparison

YBIT has a 0.99% expense ratio, which is higher than BITO's 0.95% expense ratio.


Risk-Adjusted Performance

YBIT vs. BITO — Risk-Adjusted Performance Rank

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

YBIT
The Risk-Adjusted Performance Rank of YBIT is 5050
Overall Rank
The Sharpe Ratio Rank of YBIT is 4141
Sharpe Ratio Rank
The Sortino Ratio Rank of YBIT is 5252
Sortino Ratio Rank
The Omega Ratio Rank of YBIT is 4949
Omega Ratio Rank
The Calmar Ratio Rank of YBIT is 6565
Calmar Ratio Rank
The Martin Ratio Rank of YBIT is 4444
Martin Ratio Rank

BITO
The Risk-Adjusted Performance Rank of BITO is 8484
Overall Rank
The Sharpe Ratio Rank of BITO is 8181
Sharpe Ratio Rank
The Sortino Ratio Rank of BITO is 8686
Sortino Ratio Rank
The Omega Ratio Rank of BITO is 8080
Omega Ratio Rank
The Calmar Ratio Rank of BITO is 9292
Calmar Ratio Rank
The Martin Ratio Rank of BITO is 8181
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

YBIT vs. BITO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Bitcoin Option Income Strategy ETF (YBIT) and ProShares Bitcoin Strategy ETF (BITO). 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.


The current YBIT Sharpe Ratio is 0.39, which is lower than the BITO Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of YBIT and BITO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

YBIT vs. BITO - Dividend Comparison

YBIT's dividend yield for the trailing twelve months is around 99.05%, more than BITO's 57.73% yield.


TTM20242023
YBIT
YieldMax Bitcoin Option Income Strategy ETF
99.05%60.01%0.00%
BITO
ProShares Bitcoin Strategy ETF
57.73%61.58%15.14%

Drawdowns

YBIT vs. BITO - Drawdown Comparison

The maximum YBIT drawdown since its inception was -29.01%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for YBIT and BITO. For additional features, visit the drawdowns tool.


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Volatility

YBIT vs. BITO - Volatility Comparison

The current volatility for YieldMax Bitcoin Option Income Strategy ETF (YBIT) is 6.08%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 9.28%. This indicates that YBIT experiences smaller price fluctuations and is considered to be less risky than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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