YBIT vs. IBIT
YBIT (YieldMax Bitcoin Option Income Strategy ETF) and IBIT (iShares Bitcoin Trust ETF) are both Cryptocurrency funds. YBIT is actively managed, while IBIT is passively managed. Over the past year, YBIT returned -35.40% vs -39.82% for IBIT. Their correlation of 0.92 suggests significant overlap in exposure. YBIT charges 0.99%/yr vs 0.25%/yr for IBIT.
Performance
YBIT vs. IBIT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, YBIT achieves a -26.58% return, which is significantly higher than IBIT's -28.88% return.
YBIT
- 1D
- -1.93%
- 1M
- -14.55%
- YTD
- -26.58%
- 6M
- -26.68%
- 1Y
- -35.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- -3.26%
- 1M
- -17.81%
- YTD
- -28.88%
- 6M
- -28.88%
- 1Y
- -39.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YBIT vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
YBIT YieldMax Bitcoin Option Income Strategy ETF | -26.58% | -2.49% | 1.40% |
IBIT iShares Bitcoin Trust ETF | -28.88% | -6.41% | 39.86% |
Correlation
The correlation between YBIT and IBIT is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2024 | 0.92 |
The correlation between YBIT and IBIT has been stable across timeframes, ranging from 0.92 to 0.99 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
YBIT vs. IBIT — Risk / Return Rank
YBIT
IBIT
YBIT vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Bitcoin Option Income Strategy ETF (YBIT) and iShares Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.86 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | -0.77 | +0.02 |
| Martin ratioReturn relative to average drawdown | -1.33 | -1.30 | -0.02 |
Loading charts...
Drawdowns
YBIT vs. IBIT - Drawdown Comparison
The maximum YBIT drawdown since its inception was -47.30%, smaller than the maximum IBIT drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for YBIT and IBIT.
Loading charts...
Drawdown Indicators
| YBIT | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.30% | -52.11% | +4.81% |
Max Drawdown (1Y)Largest decline over 1 year | -47.30% | -52.11% | +4.81% |
Current DrawdownCurrent decline from peak | -44.60% | -50.47% | +5.87% |
Average DrawdownAverage peak-to-trough decline | -15.80% | -16.85% | +1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.71% | 30.58% | -3.87% |
Volatility
YBIT vs. IBIT - Volatility Comparison
The current volatility for YieldMax Bitcoin Option Income Strategy ETF (YBIT) is 11.25%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 13.18%. This indicates that YBIT experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| YBIT | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.25% | 13.18% | -1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 29.41% | 34.64% | -5.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.69% | 44.31% | -7.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.66% | 50.22% | -11.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.66% | 50.22% | -11.56% |
YBIT vs. IBIT - Expense Ratio Comparison
YBIT has a 0.99% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
YBIT vs. IBIT - Dividend Comparison
YBIT's dividend yield for the trailing twelve months is around 100.08%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% |
YBIT YieldMax Bitcoin Option Income Strategy ETF | 100.08% | 88.33% | 60.00% |
Frequently Asked Questions
With a correlation of 0.99, YBIT and IBIT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IBIT has higher volatility (13.18%) compared to YBIT (11.25%). In terms of maximum drawdown, YBIT dropped -47.30% vs IBIT's -52.11%.
On 1-year performance, YBIT leads with -35.40% vs -39.82% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, YBIT has been the lower-risk option at 11.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, YBIT has performed better with a -35.40% return vs -39.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.99% for YBIT.
YBIT has the higher dividend yield at 100.08%, compared with 0.00% for IBIT.
They also come from different issuers: YieldMax and iShares. Their fees differ too: 0.99% for YBIT and 0.25% for IBIT.
IBIT currently has the higher Sharpe Ratio (-0.90 vs -0.97), 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.
Find the right allocation for YBIT and IBIT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer