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 -35.40% vs -40.30% for BTC-USD. A 0.64 correlation means they provide meaningful diversification when combined.
Performance
YBIT vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, YBIT achieves a -26.58% return, which is significantly higher than BTC-USD's -28.07% return.
YBIT
- 1D
- -1.93%
- 1M
- -14.55%
- YTD
- -26.58%
- 6M
- -26.68%
- 1Y
- -35.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- -1.58%
- 1M
- -18.24%
- YTD
- -28.07%
- 6M
- -28.01%
- 1Y
- -40.30%
- 3Y*
- 27.25%
- 5Y*
- 12.68%
- 10Y*
- 57.41%
YBIT vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
YBIT YieldMax Bitcoin Option Income Strategy ETF | -26.58% | -2.49% | 1.40% |
BTC-USD Bitcoin | -28.07% | -6.27% | 39.63% |
Correlation
The correlation between YBIT and BTC-USD is 0.71, 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 | 0.71 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2024 | 0.64 |
The correlation between YBIT and BTC-USD has been stable across timeframes, ranging from 0.64 to 0.71 - 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 | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.86 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | -0.79 | +0.04 |
| Martin ratioReturn relative to average drawdown | -1.33 | -1.32 | 0.00 |
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Drawdowns
YBIT vs. BTC-USD - Drawdown Comparison
The maximum YBIT drawdown since its inception was -47.30%, 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 | -47.30% | -85.30% | +38.00% |
Max Drawdown (1Y)Largest decline over 1 year | -47.30% | -51.21% | +3.91% |
Max Drawdown (3Y)Largest decline over 3 years | — | -51.21% | — |
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 | -44.60% | -49.54% | +4.94% |
Average DrawdownAverage peak-to-trough decline | -15.80% | -42.40% | +26.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.71% | 31.29% | -4.58% |
Volatility
YBIT vs. BTC-USD - Volatility Comparison
The current volatility for YieldMax Bitcoin Option Income Strategy ETF (YBIT) is 11.25%, while Bitcoin (BTC-USD) has a volatility of 12.23%. 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 | 11.25% | 12.23% | -0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 29.41% | 34.57% | -5.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.69% | 35.70% | +0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.66% | 44.26% | -5.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.66% | 56.41% | -17.75% |
Frequently Asked Questions
YBIT and BTC-USD have a correlation of 0.71, 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 (12.23%) compared to YBIT (11.25%). In terms of maximum drawdown, YBIT dropped -47.30% vs BTC-USD's -85.30%.
BTC-USD currently has the higher Sharpe Ratio (-0.94 vs -0.97), 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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