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

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.

-30.00%-20.00%-10.00%0.00%10.00%20.00%30.00%40.00%JuneJulyAugustSeptemberOctoberNovember
10.70%
39.46%
YBIT
BITO

Returns By Period


YBIT

YTD

N/A

1M

26.85%

6M

10.69%

1Y

N/A

5Y (annualized)

N/A

10Y (annualized)

N/A

BITO

YTD

121.67%

1M

48.89%

6M

39.46%

1Y

142.51%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


YBITBITO
Daily Std Dev43.21%57.56%
Max Drawdown-29.01%-77.86%
Current Drawdown0.00%0.00%

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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.


YBIT
YieldMax Bitcoin Option Income Strategy ETF
Expense ratio chart for YBIT: current value at 0.99% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.99%
Expense ratio chart for BITO: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Correlation

-0.50.00.51.00.8

The correlation between YBIT and BITO is 0.84, 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.

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.


Sharpe ratio
No data
YBIT
BITO

Chart placeholderNot enough data

Dividends

YBIT vs. BITO - Dividend Comparison

YBIT's dividend yield for the trailing twelve months is around 34.38%, less than BITO's 45.69% yield.


TTM2023
YBIT
YieldMax Bitcoin Option Income Strategy ETF
34.38%0.00%
BITO
ProShares Bitcoin Strategy ETF
45.69%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.


-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember00
YBIT
BITO

Volatility

YBIT vs. BITO - Volatility Comparison

The current volatility for YieldMax Bitcoin Option Income Strategy ETF (YBIT) is 15.30%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 18.03%. 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.


10.00%15.00%20.00%25.00%JuneJulyAugustSeptemberOctoberNovember
15.30%
18.03%
YBIT
BITO