YBIT vs. BTC-USD
YBIT (YieldMax Bitcoin Option Income Strategy ETF) is Cryptocurrency fund actively managed by YieldMax, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past year, YBIT returned -41.19% vs -45.95% for BTC-USD. A 0.65 correlation means they provide meaningful diversification when combined.
Performance
YBIT vs. BTC-USD - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with YBIT having a -25.41% return and BTC-USD slightly lower at -25.95%.
YBIT
- 1D
- 2.93%
- 1M
- 2.34%
- 6M
- -29.21%
- YTD
- -25.41%
- 1Y
- -41.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- 4.06%
- 1M
- -1.40%
- 6M
- -32.07%
- YTD
- -25.95%
- 1Y
- -45.95%
- 3Y*
- 28.83%
- 5Y*
- 15.25%
- 10Y*
- 58.05%
YBIT vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
YBIT YieldMax Bitcoin Option Income Strategy ETF | -25.41% | -2.49% | 1.40% |
BTC-USD Bitcoin | -25.95% | -6.27% | 39.63% |
Correlation
The correlation between YBIT and BTC-USD is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2024 | 0.65 |
The correlation between YBIT and BTC-USD has been stable across timeframes, ranging from 0.65 to 0.72 - a consistent structural relationship.
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Return for Risk
YBIT vs. BTC-USD — Risk / Return Rank
YBIT
BTC-USD
YBIT vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Bitcoin Option Income Strategy ETF (YBIT) and Bitcoin (BTC-USD). 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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.84 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | -0.87 | 0.00 |
| Martin ratioReturn relative to average drawdown | -1.43 | -1.40 | -0.03 |
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Drawdowns
YBIT vs. BTC-USD - Drawdown Comparison
The maximum YBIT drawdown since its inception was -47.46%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for YBIT and BTC-USD.
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Drawdown Indicators
| YBIT | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.46% | -85.30% | +37.84% |
Max Drawdown (1Y)Largest decline over 1 year | -47.46% | -53.08% | +5.62% |
Max Drawdown (3Y)Largest decline over 3 years | — | -53.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -43.71% | -48.05% | +4.34% |
Average DrawdownAverage peak-to-trough decline | -16.54% | -42.56% | +26.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.77% | 29.09% | -0.32% |
Volatility
YBIT vs. BTC-USD - Volatility Comparison
The current volatility for YieldMax Bitcoin Option Income Strategy ETF (YBIT) is 9.00%, while Bitcoin (BTC-USD) has a volatility of 9.63%. This indicates that YBIT experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YBIT | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.00% | 9.63% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 29.64% | 34.91% | -5.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.00% | 35.72% | +1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.50% | 43.97% | -5.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.50% | 56.33% | -17.83% |
Frequently Asked Questions
YBIT and BTC-USD have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (9.63%) compared to YBIT (9.00%). In terms of maximum drawdown, YBIT dropped -47.46% vs BTC-USD's -85.30%.
BTC-USD currently has the higher Sharpe Ratio (-1.07 vs -1.12), 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.
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