YBIT vs. FBTC
Compare and contrast key facts about YieldMax Bitcoin Option Income Strategy ETF (YBIT) and Fidelity Wise Origin Bitcoin Trust (FBTC).
YBIT and FBTC 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. FBTC is a passively managed fund by Fidelity that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 11, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: YBIT or FBTC.
Correlation
The correlation between YBIT and FBTC is 0.42, 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. FBTC - Performance Comparison
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Key characteristics
YBIT:
0.18
FBTC:
1.05
YBIT:
0.54
FBTC:
1.83
YBIT:
1.07
FBTC:
1.22
YBIT:
0.28
FBTC:
2.24
YBIT:
0.59
FBTC:
4.90
YBIT:
13.77%
FBTC:
12.88%
YBIT:
42.37%
FBTC:
53.77%
YBIT:
-29.01%
FBTC:
-28.21%
YBIT:
-8.39%
FBTC:
-3.45%
Returns By Period
In the year-to-date period, YBIT achieves a 2.52% return, which is significantly lower than FBTC's 10.46% return.
YBIT
2.52%
8.15%
1.76%
7.54%
N/A
N/A
FBTC
10.46%
22.80%
17.95%
55.76%
N/A
N/A
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YBIT vs. FBTC - Expense Ratio Comparison
YBIT has a 0.99% expense ratio, which is higher than FBTC's 0.25% expense ratio.
Risk-Adjusted Performance
YBIT vs. FBTC — Risk-Adjusted Performance Rank
YBIT
FBTC
YBIT vs. FBTC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Bitcoin Option Income Strategy ETF (YBIT) and Fidelity Wise Origin Bitcoin Trust (FBTC). 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.
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Dividends
YBIT vs. FBTC - Dividend Comparison
YBIT's dividend yield for the trailing twelve months is around 91.70%, while FBTC has not paid dividends to shareholders.
| TTM | 2024 | |
|---|---|---|
YBIT YieldMax Bitcoin Option Income Strategy ETF | 91.70% | 60.01% |
FBTC Fidelity Wise Origin Bitcoin Trust | 0.00% | 0.00% |
Drawdowns
YBIT vs. FBTC - Drawdown Comparison
The maximum YBIT drawdown since its inception was -29.01%, roughly equal to the maximum FBTC drawdown of -28.21%. Use the drawdown chart below to compare losses from any high point for YBIT and FBTC. For additional features, visit the drawdowns tool.
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Volatility
YBIT vs. FBTC - Volatility Comparison
YieldMax Bitcoin Option Income Strategy ETF (YBIT) has a higher volatility of 10.44% compared to Fidelity Wise Origin Bitcoin Trust (FBTC) at 9.19%. This indicates that YBIT's price experiences larger fluctuations and is considered to be riskier than FBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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