YBTC vs. BITO
Compare and contrast key facts about Roundhill Bitcoin Covered Call Strategy ETF (YBTC) and ProShares Bitcoin Strategy ETF (BITO).
YBTC and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YBTC is an actively managed fund by Roundhill. It was launched on Jan 17, 2024. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: YBTC or BITO.
Correlation
The correlation between YBTC and BITO 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.
Performance
YBTC vs. BITO - Performance Comparison
Key characteristics
YBTC:
0.34
BITO:
0.35
YBTC:
0.78
BITO:
0.90
YBTC:
1.09
BITO:
1.10
YBTC:
0.67
BITO:
0.62
YBTC:
1.46
BITO:
1.37
YBTC:
10.55%
BITO:
14.09%
YBTC:
45.21%
BITO:
55.03%
YBTC:
-23.17%
BITO:
-77.86%
YBTC:
-18.38%
BITO:
-23.01%
Returns By Period
In the year-to-date period, YBTC achieves a -8.31% return, which is significantly higher than BITO's -11.50% return.
YBTC
-8.31%
-2.59%
19.62%
11.89%
N/A
N/A
BITO
-11.50%
-7.49%
30.01%
14.73%
N/A
N/A
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YBTC vs. BITO - Expense Ratio Comparison
Both YBTC and BITO have an expense ratio of 0.95%.
Risk-Adjusted Performance
YBTC vs. BITO — Risk-Adjusted Performance Rank
YBTC
BITO
YBTC vs. BITO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Bitcoin Covered Call Strategy ETF (YBTC) and ProShares Bitcoin Strategy ETF (BITO). 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.
Dividends
YBTC vs. BITO - Dividend Comparison
YBTC's dividend yield for the trailing twelve months is around 52.03%, less than BITO's 75.48% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
YBTC Roundhill Bitcoin Covered Call Strategy ETF | 52.03% | 44.53% | 0.00% |
BITO ProShares Bitcoin Strategy ETF | 75.48% | 61.58% | 15.14% |
Drawdowns
YBTC vs. BITO - Drawdown Comparison
The maximum YBTC drawdown since its inception was -23.17%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for YBTC and BITO. For additional features, visit the drawdowns tool.
Volatility
YBTC vs. BITO - Volatility Comparison
The current volatility for Roundhill Bitcoin Covered Call Strategy ETF (YBTC) is 15.39%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 17.70%. This indicates that YBTC experiences smaller price fluctuations and is considered to be less risky than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.