YBIT vs. CONY
Compare and contrast key facts about YieldMax Bitcoin Option Income Strategy ETF (YBIT) and YieldMax COIN Option Income Strategy ETF (CONY).
YBIT and CONY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YBIT is an actively managed fund by YieldMax. It was launched on Apr 22, 2024. CONY is an actively managed fund by YieldMax. It was launched on Aug 14, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: YBIT or CONY.
Key characteristics
| YBIT | CONY | |
|---|---|---|
| Daily Std Dev | 43.41% | 63.96% |
| Max Drawdown | -29.01% | -37.72% |
| Current Drawdown | -4.37% | -11.27% |
Correlation
The correlation between YBIT and CONY is 0.68, 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. CONY - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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YBIT vs. CONY - Expense Ratio Comparison
Both YBIT and CONY have an expense ratio of 0.99%.
Risk-Adjusted Performance
YBIT vs. CONY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Bitcoin Option Income Strategy ETF (YBIT) and YieldMax COIN Option Income Strategy ETF (CONY). 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.
Not enough dataDividends
YBIT vs. CONY - Dividend Comparison
YBIT's dividend yield for the trailing twelve months is around 38.11%, less than CONY's 110.97% yield.
| TTM | 2023 | |
|---|---|---|
YBIT YieldMax Bitcoin Option Income Strategy ETF | 38.11% | 0.00% |
CONY YieldMax COIN Option Income Strategy ETF | 110.97% | 16.43% |
Drawdowns
YBIT vs. CONY - Drawdown Comparison
The maximum YBIT drawdown since its inception was -29.01%, smaller than the maximum CONY drawdown of -37.72%. Use the drawdown chart below to compare losses from any high point for YBIT and CONY. For additional features, visit the drawdowns tool.
Volatility
YBIT vs. CONY - Volatility Comparison
The current volatility for YieldMax Bitcoin Option Income Strategy ETF (YBIT) is 14.78%, while YieldMax COIN Option Income Strategy ETF (CONY) has a volatility of 32.88%. This indicates that YBIT experiences smaller price fluctuations and is considered to be less risky than CONY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.