YBIT vs. BTC-USD
Compare and contrast key facts about YieldMax Bitcoin Option Income Strategy ETF (YBIT) and Bitcoin (BTC-USD).
YBIT is an actively managed fund by YieldMax. It was launched on Apr 22, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: YBIT or BTC-USD.
Correlation
The correlation between YBIT and BTC-USD is 0.60, 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
Key characteristics
YBIT:
40.99%
BTC-USD:
43.77%
YBIT:
-29.01%
BTC-USD:
-93.07%
YBIT:
-6.38%
BTC-USD:
-8.96%
Returns By Period
In the year-to-date period, YBIT achieves a 4.28% return, which is significantly higher than BTC-USD's 3.43% return.
YBIT
4.28%
-4.02%
20.58%
N/A
N/A
N/A
BTC-USD
3.43%
-5.27%
57.97%
84.83%
58.41%
82.48%
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Risk-Adjusted Performance
YBIT vs. BTC-USD — Risk-Adjusted Performance Rank
YBIT
BTC-USD
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.
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.
Volatility
YBIT vs. BTC-USD - Volatility Comparison
The current volatility for YieldMax Bitcoin Option Income Strategy ETF (YBIT) is 7.25%, while Bitcoin (BTC-USD) has a volatility of 9.78%. 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.