YBIT vs. CRSH

Last updated Jun 26, 2026

YBIT (YieldMax Bitcoin Option Income Strategy ETF) and CRSH (YieldMax Short TSLA Option Income Strategy ETF) are both exchange-traded funds - YBIT is a Cryptocurrency fund actively managed by YieldMax, while CRSH is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, YBIT returned -40.64% vs -12.42% for CRSH. At a correlation of -0.39, they often move in opposite directions. Both charge a 0.99% expense ratio.

Performance

YBIT vs. CRSH - Performance Comparison

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

Returns By Period

In the year-to-date period, YBIT achieves a -30.07% return, which is significantly lower than CRSH's 12.03% return.

YBIT

• 1D: -0.85%
• 1M: -19.02%
• YTD: -30.07%
• 6M: -29.90%
• 1Y: -40.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CRSH

• 1D: -0.38%
• 1M: 10.73%
• YTD: 12.03%
• 6M: 19.19%
• 1Y: -12.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YBIT vs. CRSH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YBIT YieldMax Bitcoin Option Income Strategy ETF	-30.07%	-2.49%	11.65%
CRSH YieldMax Short TSLA Option Income Strategy ETF	12.03%	-13.40%	-52.42%

Correlation

The correlation between YBIT and CRSH is -0.41, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.41
Correlation (All Time) Calculated using the full available price history since May 2, 2024	-0.39

Return for Risk

YBIT vs. CRSH — Risk / Return Rank

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

YBIT

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

CRSH

CRSH Risk / Return Rank: 6
CRSH Sharpe Ratio Rank: 6
CRSH Sortino Ratio Rank: 6
CRSH Omega Ratio Rank: 6
CRSH Calmar Ratio Rank: 6
CRSH Martin Ratio Rank: 7

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. CRSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Bitcoin Option Income Strategy ETF (YBIT) and YieldMax Short TSLA Option Income Strategy ETF (CRSH). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	YBIT	CRSH	Difference
Sharpe ratio: Return per unit of total volatility	-1.11	-0.35	-0.75
Sortino ratio: Return per unit of downside risk	-1.61	-0.28	-1.33
Omega ratio: Gain probability vs. loss probability	0.81	0.97	-0.16
Calmar ratio: Return relative to maximum drawdown	-0.86	-0.37	-0.49
Martin ratio: Return relative to average drawdown	-1.50	-0.57	-0.93

YBIT vs. CRSH - Sharpe Ratio Comparison

The current YBIT Sharpe Ratio is -1.11, which is lower than the CRSH Sharpe Ratio of -0.35. The chart below compares the historical Sharpe Ratios of YBIT and CRSH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

YBIT vs. CRSH - Drawdown Comparison

The maximum YBIT drawdown since its inception was -47.30%, smaller than the maximum CRSH drawdown of -63.68%. Use the drawdown chart below to compare losses from any high point for YBIT and CRSH.

Drawdown Indicators

	YBIT	CRSH	Difference
Max Drawdown Largest peak-to-trough decline	-47.30%	-63.68%	+16.38%
Max Drawdown (1Y) Largest decline over 1 year	-47.30%	-33.45%	-13.85%
Current Drawdown Current decline from peak	-47.23%	-55.92%	+8.69%
Average Drawdown Average peak-to-trough decline	-15.91%	-43.44%	+27.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.03%	21.75%	+5.28%

Volatility

YBIT vs. CRSH - Volatility Comparison

YieldMax Bitcoin Option Income Strategy ETF (YBIT) has a higher volatility of 11.55% compared to YieldMax Short TSLA Option Income Strategy ETF (CRSH) at 9.51%. This indicates that YBIT's price experiences larger fluctuations and is considered to be riskier than CRSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YBIT	CRSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.55%	9.51%	+2.04%
Volatility (6M) Calculated over the trailing 6-month period	29.42%	22.34%	+7.08%
Volatility (1Y) Calculated over the trailing 1-year period	36.83%	35.48%	+1.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.69%	47.19%	-8.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.69%	47.19%	-8.50%

YBIT vs. CRSH - Expense Ratio Comparison

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

Dividends

YBIT vs. CRSH - Dividend Comparison

YBIT's dividend yield for the trailing twelve months is around 106.69%, more than CRSH's 84.23% yield.

Position	TTM	2025	2024
CRSH YieldMax Short TSLA Option Income Strategy ETF	84.23%	138.78%	94.25%
YBIT YieldMax Bitcoin Option Income Strategy ETF	106.69%	88.33%	60.00%

Frequently Asked Questions

Can I hold both YBIT and CRSH in my portfolio?

YBIT and CRSH have a correlation of -0.41, 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 CRSH?

YBIT has higher volatility (11.55%) compared to CRSH (9.51%). In terms of maximum drawdown, YBIT dropped -47.30% vs CRSH's -63.68%.

Which ETF is better, YBIT or CRSH?

On 1-year performance, CRSH leads with -12.42% vs -40.64% for YBIT. Both ETFs have the same 0.99% expense ratio. On volatility, CRSH has been the lower-risk option at 9.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YBIT or CRSH?

Over the 1-year period, CRSH has performed better with a -12.42% return vs -40.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YBIT or CRSH?

YBIT and CRSH have the same expense ratio: 0.99% per year.

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

YBIT has the higher dividend yield at 106.69%, compared with 84.23% for CRSH.

What is the main difference between YBIT and CRSH?

YBIT is categorized as Cryptocurrency, while CRSH is Derivative Income.

Which has better risk-adjusted returns?

CRSH currently has the higher Sharpe Ratio (-0.35 vs -1.11), 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.