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YBTC vs. BITO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

YBTC vs. BITO

Last updated May 24, 2025

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 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Performance

YBTC vs. BITO - Performance Comparison

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

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Key characteristics

Sharpe Ratio

YBTC:

0.88

BITO:

0.98

Sortino Ratio

YBTC:

1.34

BITO:

1.50

Omega Ratio

YBTC:

1.17

BITO:

1.18

Calmar Ratio

YBTC:

1.54

BITO:

1.51

Martin Ratio

YBTC:

3.29

BITO:

3.39

Ulcer Index

YBTC:

10.98%

BITO:

13.91%

Daily Std Dev

YBTC:

44.46%

BITO:

53.70%

Max Drawdown

YBTC:

-23.39%

BITO:

-77.86%

Current Drawdown

YBTC:

-0.15%

BITO:

-2.30%

Returns By Period

The year-to-date returns for both stocks are quite close, with YBTC having a 14.14% return and BITO slightly lower at 13.67%.

YBTC

YTD

14.14%

1M

13.03%

6M

12.22%

1Y

38.73%

3Y*

N/A

5Y*

N/A

10Y*

N/A

BITO

YTD

13.67%

1M

15.62%

6M

5.62%

1Y

52.01%

3Y*

47.06%

5Y*

N/A

10Y*

N/A

*Annualized

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Roundhill Bitcoin Covered Call Strategy ETF

ProShares Bitcoin Strategy ETF

YBTC vs. BITO - Expense Ratio Comparison

Both YBTC and BITO have an expense ratio of 0.95%.

YBTC
Roundhill Bitcoin Covered Call Strategy ETF
BITO
ProShares Bitcoin Strategy ETF

Risk-Adjusted Performance

YBTC vs. BITO — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
YBTC
The Risk-Adjusted Performance Rank of YBTC is 8080
Overall Rank
The Sharpe Ratio Rank of YBTC is 7979
Sharpe Ratio Rank
The Sortino Ratio Rank of YBTC is 7979
Sortino Ratio Rank
The Omega Ratio Rank of YBTC is 7676
Omega Ratio Rank
The Calmar Ratio Rank of YBTC is 9090
Calmar Ratio Rank
The Martin Ratio Rank of YBTC is 7777
Martin Ratio Rank
BITO
The Risk-Adjusted Performance Rank of BITO is 8282
Overall Rank
The Sharpe Ratio Rank of BITO is 8282
Sharpe Ratio Rank
The Sortino Ratio Rank of BITO is 8383
Sortino Ratio Rank
The Omega Ratio Rank of BITO is 7878
Omega Ratio Rank
The Calmar Ratio Rank of BITO is 9090
Calmar Ratio Rank
The Martin Ratio Rank of BITO is 7878
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

The current YBTC Sharpe Ratio is 0.88, which is comparable to the BITO Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of YBTC and BITO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

YBTC vs. BITO - Dividend Comparison

YBTC's dividend yield for the trailing twelve months is around 45.20%, less than BITO's 55.41% yield.

TTM20242023
YBTC
Roundhill Bitcoin Covered Call Strategy ETF		45.20%44.53%0.00%
BITO
ProShares Bitcoin Strategy ETF		55.41%61.58%15.14%

Drawdowns

YBTC vs. BITO - Drawdown Comparison

The maximum YBTC drawdown since its inception was -23.39%, 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.

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Volatility

YBTC vs. BITO - Volatility Comparison

The current volatility for Roundhill Bitcoin Covered Call Strategy ETF (YBTC) is 6.71%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 8.91%. 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.

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