YBIT vs. YBTC
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: YBIT or YBTC.
Correlation
The correlation between YBIT and YBTC is 0.76, 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. YBTC - Performance Comparison
Key characteristics
YBIT:
41.97%
YBTC:
45.21%
YBIT:
-29.01%
YBTC:
-23.17%
YBIT:
-17.43%
YBTC:
-18.38%
Returns By Period
The year-to-date returns for both stocks are quite close, with YBIT having a -8.02% return and YBTC slightly lower at -8.31%.
YBIT
-8.02%
-5.45%
14.97%
N/A
N/A
N/A
YBTC
-8.31%
-2.59%
19.62%
11.89%
N/A
N/A
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YBIT vs. YBTC - Expense Ratio Comparison
YBIT has a 0.99% expense ratio, which is higher than YBTC's 0.95% expense ratio.
Risk-Adjusted Performance
YBIT vs. YBTC — Risk-Adjusted Performance Rank
YBIT
YBTC
YBIT vs. YBTC - Risk-Adjusted Performance 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.
Not enough dataDividends
YBIT vs. YBTC - Dividend Comparison
YBIT's dividend yield for the trailing twelve months is around 93.87%, more than YBTC's 52.03% yield.
| TTM | 2024 | |
|---|---|---|
YBIT YieldMax Bitcoin Option Income Strategy ETF | 93.87% | 60.01% |
YBTC Roundhill Bitcoin Covered Call Strategy ETF | 52.03% | 44.53% |
Drawdowns
YBIT vs. YBTC - Drawdown Comparison
The maximum YBIT drawdown since its inception was -29.01%, which is greater than YBTC's maximum drawdown of -23.17%. Use the drawdown chart below to compare losses from any high point for YBIT and YBTC. For additional features, visit the drawdowns tool.
Volatility
YBIT vs. YBTC - Volatility Comparison
The current volatility for YieldMax Bitcoin Option Income Strategy ETF (YBIT) is 13.55%, while Roundhill Bitcoin Covered Call Strategy ETF (YBTC) has a volatility of 15.39%. This indicates that YBIT experiences smaller price fluctuations and is considered to be less risky than YBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.