YBIT vs. YBTC

Last updated Apr 2, 2026

Compare and contrast key facts about YieldMax Bitcoin Option Income Strategy ETF (YBIT) and Roundhill Bitcoin Covered Call Strategy ETF (YBTC).

YBIT and YBTC 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. YBTC is an actively managed fund by Roundhill. It was launched on Jan 17, 2024.

Performance

YBIT vs. YBTC - Performance Comparison

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

YBIT vs. YBTC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YBIT YieldMax Bitcoin Option Income Strategy ETF	-19.58%	-2.49%	-0.09%
YBTC Roundhill Bitcoin Covered Call Strategy ETF	-18.40%	-4.23%	22.44%

Returns By Period

In the year-to-date period, YBIT achieves a -19.58% return, which is significantly lower than YBTC's -18.40% return.

YBIT

• 1D: 0.51%
• 1M: 0.83%
• YTD: -19.58%
• 6M: -36.73%
• 1Y: -16.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

YBTC

• 1D: -0.08%
• 1M: 3.24%
• YTD: -18.40%
• 6M: -38.10%
• 1Y: -16.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YBIT vs. YBTC - Expense Ratio Comparison

YBIT has a 0.99% expense ratio, which is higher than YBTC's 0.95% expense ratio.

YBIT

YieldMax Bitcoin Option Income Strategy ETF

YBTC

Roundhill Bitcoin Covered Call Strategy ETF

Return for Risk

YBIT vs. YBTC — Risk / Return Rank

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

YBIT

YBIT Risk / Return Rank: 5
YBIT Sharpe Ratio Rank: 4
YBIT Sortino Ratio Rank: 5
YBIT Omega Ratio Rank: 5
YBIT Calmar Ratio Rank: 7
YBIT Martin Ratio Rank: 6

YBTC

YBTC Risk / Return Rank: 6
YBTC Sharpe Ratio Rank: 5
YBTC Sortino Ratio Rank: 6
YBTC Omega Ratio Rank: 6
YBTC Calmar Ratio Rank: 7
YBTC 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. YBTC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Bitcoin Option Income Strategy ETF (YBIT) and Roundhill Bitcoin Covered Call Strategy ETF (YBTC). 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.

	YBIT	YBTC	Difference
Sharpe ratio Return per unit of total volatility	-0.45	-0.41	-0.04
Sortino ratio Return per unit of downside risk	-0.41	-0.33	-0.08
Omega ratio Gain probability vs. loss probability	0.95	0.96	-0.01
Calmar ratio Return relative to maximum drawdown	-0.33	-0.31	-0.02
Martin ratio Return relative to average drawdown	-0.74	-0.69	-0.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YBIT vs. YBTC - Sharpe Ratio Comparison

The current YBIT Sharpe Ratio is -0.45, which is comparable to the YBTC Sharpe Ratio of -0.41. The chart below compares the historical Sharpe Ratios of YBIT and YBTC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	YBIT	YBTC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.45	-0.41	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	-0.30	0.25	-0.55

Correlation

The correlation between YBIT and YBTC is 0.83, 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.

Dividends

YBIT vs. YBTC - Dividend Comparison

YBIT's dividend yield for the trailing twelve months is around 103.05%, more than YBTC's 86.80% yield.

	TTM	2025	2024
YBIT YieldMax Bitcoin Option Income Strategy ETF	103.05%	88.33%	60.00%
YBTC Roundhill Bitcoin Covered Call Strategy ETF	86.80%	76.04%	44.53%

Drawdowns

YBIT vs. YBTC - Drawdown Comparison

The maximum YBIT drawdown since its inception was -45.54%, roughly equal to the maximum YBTC drawdown of -47.09%. Use the drawdown chart below to compare losses from any high point for YBIT and YBTC.

Drawdown Indicators

	YBIT	YBTC	Difference
Max Drawdown Largest peak-to-trough decline	-45.54%	-47.09%	+1.55%
Max Drawdown (1Y) Largest decline over 1 year	-45.54%	-47.09%	+1.55%
Current Drawdown Current decline from peak	-39.32%	-40.41%	+1.09%
Average Drawdown Average peak-to-trough decline	-13.34%	-11.10%	-2.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.97%	20.98%	-1.01%

Volatility

YBIT vs. YBTC - Volatility Comparison

YieldMax Bitcoin Option Income Strategy ETF (YBIT) and Roundhill Bitcoin Covered Call Strategy ETF (YBTC) have volatilities of 9.45% and 9.19%, 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.

Volatility by Period

	YBIT	YBTC	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.45%	9.19%	+0.26%
Volatility (6M) Calculated over the trailing 6-month period	31.43%	34.09%	-2.66%
Volatility (1Y) Calculated over the trailing 1-year period	37.31%	40.09%	-2.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.60%	41.56%	-1.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.60%	41.56%	-1.96%