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.
Key characteristics
| YBIT | FBTC | |
|---|---|---|
| Daily Std Dev | 43.09% | 56.55% |
| Max Drawdown | -29.01% | -27.42% |
| Current Drawdown | -11.06% | 0.00% |
Correlation
The correlation between YBIT and FBTC is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
YBIT vs. FBTC - 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. 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 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.
Not enough dataDividends
YBIT vs. FBTC - Dividend Comparison
YBIT's dividend yield for the trailing twelve months is around 40.97%, while FBTC has not paid dividends to shareholders.
| TTM | |
|---|---|
YBIT YieldMax Bitcoin Option Income Strategy ETF | 40.97% |
FBTC Fidelity Wise Origin Bitcoin Trust | 0.00% |
Drawdowns
YBIT vs. FBTC - Drawdown Comparison
The maximum YBIT drawdown since its inception was -29.01%, which is greater than FBTC's maximum drawdown of -27.42%. Use the drawdown chart below to compare losses from any high point for YBIT and FBTC. For additional features, visit the drawdowns tool.
Volatility
YBIT vs. FBTC - Volatility Comparison
YieldMax Bitcoin Option Income Strategy ETF (YBIT) and Fidelity Wise Origin Bitcoin Trust (FBTC) have volatilities of 14.37% and 14.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.