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YBIT vs. CONY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

YBIT vs. CONY - Performance Comparison

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

-30.00%-20.00%-10.00%0.00%10.00%20.00%30.00%JuneJulyAugustSeptemberOctoberNovember
10.78%
15.00%
YBIT
CONY

Returns By Period


YBIT

YTD

N/A

1M

24.01%

6M

10.77%

1Y

N/A

5Y (annualized)

N/A

10Y (annualized)

N/A

CONY

YTD

39.68%

1M

29.07%

6M

15.00%

1Y

86.07%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


YBITCONY
Daily Std Dev43.33%64.70%
Max Drawdown-29.01%-37.72%
Current Drawdown0.00%-8.21%

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YBIT vs. CONY - Expense Ratio Comparison

Both YBIT and CONY have an expense ratio of 0.99%.


YBIT
YieldMax Bitcoin Option Income Strategy ETF
Expense ratio chart for YBIT: current value at 0.99% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.99%
Expense ratio chart for CONY: current value at 0.99% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.99%

Correlation

-0.50.00.51.00.6

The correlation between YBIT and CONY is 0.65, 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. 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.


Sharpe ratio
No data
YBIT
CONY

Chart placeholderNot enough data

Dividends

YBIT vs. CONY - Dividend Comparison

YBIT's dividend yield for the trailing twelve months is around 34.80%, less than CONY's 133.96% yield.


TTM2023
YBIT
YieldMax Bitcoin Option Income Strategy ETF
34.80%0.00%
CONY
YieldMax COIN Option Income Strategy ETF
133.96%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.


-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember0
-8.21%
YBIT
CONY

Volatility

YBIT vs. CONY - Volatility Comparison

The current volatility for YieldMax Bitcoin Option Income Strategy ETF (YBIT) is 15.33%, while YieldMax COIN Option Income Strategy ETF (CONY) has a volatility of 32.87%. 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.


10.00%15.00%20.00%25.00%30.00%JuneJulyAugustSeptemberOctoberNovember
15.33%
32.87%
YBIT
CONY