YBIT vs. BITO
Compare and contrast key facts about YieldMax Bitcoin Option Income Strategy ETF (YBIT) and ProShares Bitcoin Strategy ETF (BITO).
YBIT and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YBIT is an actively managed fund by YieldMax. It was launched on Apr 22, 2024. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: YBIT or BITO.
Key characteristics
| YBIT | BITO | |
|---|---|---|
| Daily Std Dev | 43.56% | 58.19% |
| Max Drawdown | -29.01% | -77.86% |
| Current Drawdown | -4.17% | 0.00% |
Correlation
The correlation between YBIT and BITO is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
YBIT vs. BITO - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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.
Not enough dataDividends
YBIT vs. BITO - Dividend Comparison
YBIT's dividend yield for the trailing twelve months is around 38.03%, less than BITO's 50.41% yield.
| TTM | 2023 | |
|---|---|---|
YBIT YieldMax Bitcoin Option Income Strategy ETF | 38.03% | 0.00% |
BITO ProShares Bitcoin Strategy ETF | 50.41% | 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.
Volatility
YBIT vs. BITO - Volatility Comparison
The current volatility for YieldMax Bitcoin Option Income Strategy ETF (YBIT) is 14.74%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 17.98%. 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.