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YBIT vs. BTC-USD
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Performance

YBIT vs. BTC-USD - Performance Comparison

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

-20.00%0.00%20.00%40.00%JuneJulyAugustSeptemberOctoberNovember
9.37%
43.74%
YBIT
BTC-USD

Returns By Period


YBIT

YTD

N/A

1M

24.01%

6M

10.77%

1Y

N/A

5Y (annualized)

N/A

10Y (annualized)

N/A

BTC-USD

YTD

133.06%

1M

46.23%

6M

45.01%

1Y

163.15%

5Y (annualized)

67.83%

10Y (annualized)

74.47%

Key characteristics


YBITBTC-USD
Daily Std Dev43.33%44.23%
Max Drawdown-29.01%-93.07%
Current Drawdown0.00%0.00%

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Correlation

-0.50.00.51.00.6

The correlation between YBIT and BTC-USD is 0.57, 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.

Risk-Adjusted Performance

YBIT vs. BTC-USD - Risk-Adjusted Performance 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.


Sharpe ratio
No data
YBIT
BTC-USD

Chart placeholderNot enough data

Drawdowns

YBIT vs. BTC-USD - Drawdown Comparison

The maximum YBIT drawdown since its inception was -29.01%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for YBIT and BTC-USD. For additional features, visit the drawdowns tool.


-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember00
YBIT
BTC-USD

Volatility

YBIT vs. BTC-USD - Volatility Comparison

The current volatility for YieldMax Bitcoin Option Income Strategy ETF (YBIT) is 15.55%, while Bitcoin (BTC-USD) has a volatility of 16.79%. 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.


10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
15.55%
16.79%
YBIT
BTC-USD