YBIT vs. IBIT
Compare and contrast key facts about YieldMax Bitcoin Option Income Strategy ETF (YBIT) and iShares Bitcoin Trust (IBIT).
YBIT and IBIT 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. IBIT is a passively managed fund by iShares that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 5, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: YBIT or IBIT.
Key characteristics
| YBIT | IBIT | |
|---|---|---|
| Daily Std Dev | 43.41% | 57.96% |
| Max Drawdown | -29.01% | -27.51% |
| Current Drawdown | -4.37% | -0.02% |
Correlation
The correlation between YBIT and IBIT is 0.85, 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. IBIT - 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. IBIT - Expense Ratio Comparison
YBIT has a 0.99% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Risk-Adjusted Performance
YBIT vs. IBIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Bitcoin Option Income Strategy ETF (YBIT) and iShares Bitcoin Trust (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.
Not enough dataDividends
YBIT vs. IBIT - Dividend Comparison
YBIT's dividend yield for the trailing twelve months is around 38.11%, while IBIT has not paid dividends to shareholders.
| TTM | |
|---|---|
YBIT YieldMax Bitcoin Option Income Strategy ETF | 38.11% |
IBIT iShares Bitcoin Trust | 0.00% |
Drawdowns
YBIT vs. IBIT - Drawdown Comparison
The maximum YBIT drawdown since its inception was -29.01%, which is greater than IBIT's maximum drawdown of -27.51%. Use the drawdown chart below to compare losses from any high point for YBIT and IBIT. For additional features, visit the drawdowns tool.
Volatility
YBIT vs. IBIT - Volatility Comparison
The current volatility for YieldMax Bitcoin Option Income Strategy ETF (YBIT) is 14.78%, while iShares Bitcoin Trust (IBIT) has a volatility of 17.95%. 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.