YBIT vs. CEPI

Last updated Jun 4, 2026

YBIT (YieldMax Bitcoin Option Income Strategy ETF) and CEPI (REX Crypto Equity Premium Income ETF) are both Cryptocurrency funds. Both are actively managed. Over the past year, YBIT returned -35.27% vs 34.07% for CEPI. A 0.68 correlation means they provide meaningful diversification when combined. YBIT charges 0.99%/yr vs 0.85%/yr for CEPI.

Performance

YBIT vs. CEPI - Performance Comparison

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

Returns By Period

In the year-to-date period, YBIT achieves a -24.59% return, which is significantly lower than CEPI's 20.71% return.

YBIT

• 1D: -2.50%
• 1M: -15.67%
• YTD: -24.59%
• 6M: -27.08%
• 1Y: -35.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CEPI

• 1D: -1.35%
• 1M: 7.21%
• YTD: 20.71%
• 6M: 18.40%
• 1Y: 34.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

YBIT vs. CEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YBIT YieldMax Bitcoin Option Income Strategy ETF	-24.59%	-2.49%	-7.69%
CEPI REX Crypto Equity Premium Income ETF	20.71%	10.75%	-9.02%

Correlation

The correlation between YBIT and CEPI is 0.70, 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	0.70
Correlation (All Time) Calculated using the full available price history since Dec 5, 2024	0.68

The correlation between YBIT and CEPI has been stable across timeframes, ranging from 0.68 to 0.70 - a consistent structural relationship.

Return for Risk

YBIT vs. CEPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

YBIT

YBIT Risk / Return Rank: 2
YBIT Sharpe Ratio Rank: 1
YBIT Sortino Ratio Rank: 2
YBIT Omega Ratio Rank: 2
YBIT Calmar Ratio Rank: 2
YBIT Martin Ratio Rank: 1

CEPI

CEPI Risk / Return Rank: 32
CEPI Sharpe Ratio Rank: 35
CEPI Sortino Ratio Rank: 33
CEPI Omega Ratio Rank: 36
CEPI Calmar Ratio Rank: 31
CEPI Martin Ratio Rank: 26

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

YBIT vs. CEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Bitcoin Option Income Strategy ETF (YBIT) and REX Crypto Equity Premium Income ETF (CEPI). 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	CEPI	Difference
Sharpe ratio: Return per unit of total volatility	-0.98	1.28	-2.26
Sortino ratio: Return per unit of downside risk	-1.35	1.78	-3.13
Omega ratio: Gain probability vs. loss probability	0.84	1.24	-0.40
Calmar ratio: Return relative to maximum drawdown	-0.78	1.52	-2.30
Martin ratio: Return relative to average drawdown	-1.43	3.62	-5.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YBIT vs. CEPI - Sharpe Ratio Comparison

The current YBIT Sharpe Ratio is -0.98, which is lower than the CEPI Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of YBIT and CEPI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	YBIT	CEPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.98	1.28	-2.26
Sharpe Ratio (All Time) Calculated using the full available price history	-0.35	0.45	-0.80

Drawdowns

YBIT vs. CEPI - Drawdown Comparison

The maximum YBIT drawdown since its inception was -45.54%, which is greater than CEPI's maximum drawdown of -29.48%. Use the drawdown chart below to compare losses from any high point for YBIT and CEPI.

Drawdown Indicators

	YBIT	CEPI	Difference
Max Drawdown Largest peak-to-trough decline	-45.54%	-29.48%	-16.06%
Max Drawdown (1Y) Largest decline over 1 year	-45.54%	-22.47%	-23.07%
Current Drawdown Current decline from peak	-43.10%	-2.08%	-41.02%
Average Drawdown Average peak-to-trough decline	-15.12%	-8.65%	-6.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.69%	9.43%	+15.26%

Volatility

YBIT vs. CEPI - Volatility Comparison

YieldMax Bitcoin Option Income Strategy ETF (YBIT) has a higher volatility of 7.77% compared to REX Crypto Equity Premium Income ETF (CEPI) at 5.92%. This indicates that YBIT's price experiences larger fluctuations and is considered to be riskier than CEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YBIT	CEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.77%	5.92%	+1.85%
Volatility (6M) Calculated over the trailing 6-month period	29.10%	20.94%	+8.16%
Volatility (1Y) Calculated over the trailing 1-year period	36.10%	26.79%	+9.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.63%	31.57%	+7.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.63%	31.57%	+7.06%

YBIT vs. CEPI - Expense Ratio Comparison

YBIT has a 0.99% expense ratio, which is higher than CEPI's 0.85% expense ratio.

Dividends

YBIT vs. CEPI - Dividend Comparison

YBIT's dividend yield for the trailing twelve months is around 101.02%, more than CEPI's 42.71% yield.

Position	TTM	2025	2024
CEPI REX Crypto Equity Premium Income ETF	42.71%	50.78%	0.00%
YBIT YieldMax Bitcoin Option Income Strategy ETF	101.02%	88.33%	60.00%

Frequently Asked Questions

Can I hold both YBIT and CEPI in my portfolio?

YBIT and CEPI have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YBIT or CEPI?

YBIT has higher volatility (7.77%) compared to CEPI (5.92%). In terms of maximum drawdown, YBIT dropped -45.54% vs CEPI's -29.48%.

Which ETF is better, YBIT or CEPI?

On 1-year performance, CEPI leads with 34.07% vs -35.27% for YBIT. On fees, CEPI is cheaper at 0.85% per year. On volatility, CEPI has been the lower-risk option at 5.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YBIT or CEPI?

Over the 1-year period, CEPI has performed better with a 34.07% return vs -35.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YBIT or CEPI?

CEPI is cheaper with a 0.85% expense ratio, compared with 0.99% for YBIT.

Which ETF pays a higher dividend yield, YBIT or CEPI?

YBIT has the higher dividend yield at 101.02%, compared with 42.71% for CEPI.

What is the main difference between YBIT and CEPI?

They also come from different issuers: YieldMax and REX. Their fees differ too: 0.99% for YBIT and 0.85% for CEPI.

Which has better risk-adjusted returns?

CEPI currently has the higher Sharpe Ratio (1.28 vs -0.98), 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.