YBTC vs. AMLP
YBTC (Roundhill Bitcoin Covered Call Strategy ETF) and AMLP (Alerian MLP ETF) are both exchange-traded funds - YBTC is a Cryptocurrency fund actively managed by Roundhill, while AMLP is a MLPs fund tracking the Alerian MLP Infrastructure Index. YBTC is actively managed, while AMLP is passively managed. Over the past year, YBTC returned -39.52% vs 20.87% for AMLP. Their 0.12 correlation means their historical movements had little consistent relationship. YBTC charges 0.95%/yr vs 0.90%/yr for AMLP.
Performance
YBTC vs. AMLP - Performance Comparison
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Returns By Period
In the year-to-date period, YBTC achieves a -23.08% return, which is significantly lower than AMLP's 21.95% return.
YBTC
- 1D
- 1.15%
- 1M
- 4.67%
- 6M
- -14.64%
- YTD
- -23.08%
- 1Y
- -39.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.44%
AMLP
- 1D
- -0.33%
- 1M
- 5.92%
- 6M
- 15.63%
- YTD
- 21.95%
- 1Y
- 20.87%
- 3Y*
- 19.72%
- 5Y*
- 20.29%
- 10Y*
- 7.06%
- ALL TIME*
- 5.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AMLP Alerian MLP ETF | $68.05M | $61.93M | $74.57M |
| $1.48M | $1.24M | $1.57M |
YBTC vs. AMLP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
YBTC Roundhill Bitcoin Covered Call Strategy ETF | -23.08% | -4.23% | 55.31% |
AMLP Alerian MLP ETF | 21.95% | 5.78% | 22.19% |
Correlation
The correlation between YBTC and AMLP is -0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.07 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2024 | 0.12 |
The correlation between YBTC and AMLP shifts across timeframes, from -0.07 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
YBTC vs. AMLP — Risk / Return Rank
YBTC
AMLP
YBTC vs. AMLP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Bitcoin Covered Call Strategy ETF (YBTC) and Alerian MLP ETF (AMLP). 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.
| YBTC | AMLP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.67 | ||
| Sortino ratioReturn per unit of downside risk | -3.73 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.29 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | 2.48 | -3.29 |
| Martin ratioReturn relative to average drawdown | -1.26 | 6.92 | -8.18 |
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Drawdowns
YBTC vs. AMLP - Drawdown Comparison
The maximum YBTC drawdown since its inception was -48.84%, smaller than the maximum AMLP drawdown of -77.19%. Use the drawdown chart below to compare losses from any high point for YBTC and AMLP.
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Drawdown Indicators
| YBTC | AMLP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.84% | -77.19% | +28.35% |
Max Drawdown (1Y)Largest decline over 1 year | -48.84% | -8.47% | -40.37% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.27% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.92% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -72.62% | — |
Current DrawdownCurrent decline from peak | -43.83% | -0.33% | -43.50% |
Average DrawdownAverage peak-to-trough decline | -14.95% | -17.26% | +2.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.47% | 3.02% | +28.45% |
Volatility
YBTC vs. AMLP - Volatility Comparison
Roundhill Bitcoin Covered Call Strategy ETF (YBTC) has a higher volatility of 7.36% compared to Alerian MLP ETF (AMLP) at 3.99%. This indicates that YBTC's price experiences larger fluctuations and is considered to be riskier than AMLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YBTC | AMLP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.36% | 3.99% | +3.37% |
Volatility (6M)Calculated over the trailing 6-month period | 31.73% | 9.79% | +21.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.20% | 12.50% | +27.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.43% | 19.37% | +21.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.43% | 27.65% | +12.78% |
YBTC vs. AMLP - Expense Ratio Comparison
YBTC has a 0.95% expense ratio, which is higher than AMLP's 0.90% expense ratio.
Dividends
YBTC vs. AMLP - Dividend Comparison
YBTC's dividend yield for the trailing twelve months is around 80.06%, more than AMLP's 7.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMLP Alerian MLP ETF | 7.29% | 8.36% | 7.70% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.29% | 7.97% | 8.09% | 9.84% |
YBTC Roundhill Bitcoin Covered Call Strategy ETF | 80.06% | 76.04% | 44.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
YBTC and AMLP have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YBTC has higher volatility (7.36%) compared to AMLP (3.99%). In terms of maximum drawdown, YBTC dropped -48.84% vs AMLP's -77.19%.
On 1-year performance, AMLP leads with 20.87% vs -39.52% for YBTC. On fees, AMLP is cheaper at 0.90% per year. On volatility, AMLP has been the lower-risk option at 3.99%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AMLP has performed better with a 20.87% return vs -39.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AMLP is cheaper with a 0.90% expense ratio, compared with 0.95% for YBTC.
YBTC has the higher dividend yield at 80.06%, compared with 7.29% for AMLP.
YBTC is categorized as Cryptocurrency, while AMLP is MLPs. They also come from different issuers: Roundhill and SS&C. Their fees differ too: 0.95% for YBTC and 0.90% for AMLP.
AMLP currently has the higher Sharpe Ratio (1.68 vs -0.99), 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.
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