PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
YBIT vs. BTC-USD
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Key characteristics


YBITBTC-USD
Daily Std Dev43.41%44.55%
Max Drawdown-29.01%-93.07%
Current Drawdown-4.37%0.00%

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.

Performance

YBIT vs. BTC-USD - Performance Comparison

The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-20.00%-10.00%0.00%10.00%20.00%30.00%40.00%JuneJulyAugustSeptemberOctoberNovember
5.14%
36.70%
YBIT
BTC-USD

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


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.


YBIT
Sharpe ratio
No data
BTC-USD
Sharpe ratio
The chart of Sharpe ratio for BTC-USD, currently valued at 1.07, compared to the broader market-2.000.002.004.001.07
Sortino ratio
The chart of Sortino ratio for BTC-USD, currently valued at 1.78, compared to the broader market-2.000.002.004.006.008.0010.0012.001.78
Omega ratio
The chart of Omega ratio for BTC-USD, currently valued at 1.17, compared to the broader market1.001.502.002.503.001.17
Calmar ratio
The chart of Calmar ratio for BTC-USD, currently valued at 0.91, compared to the broader market0.005.0010.0015.000.91
Martin ratio
The chart of Martin ratio for BTC-USD, currently valued at 4.39, compared to the broader market0.0020.0040.0060.0080.00100.00120.004.39

YBIT vs. BTC-USD - Sharpe Ratio Comparison


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%JuneJulyAugustSeptemberOctoberNovember
-4.37%
0
YBIT
BTC-USD

Volatility

YBIT vs. BTC-USD - Volatility Comparison

The current volatility for YieldMax Bitcoin Option Income Strategy ETF (YBIT) is 14.81%, while Bitcoin (BTC-USD) has a volatility of 15.70%. 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
14.81%
15.70%
YBIT
BTC-USD