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

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.

-20.00%-10.00%0.00%10.00%20.00%30.00%40.00%JuneJulyAugustSeptemberOctoberNovember
20.12%
38.10%
YBTC
BITO

Returns By Period


YBTC

YTD

N/A

1M

23.16%

6M

22.98%

1Y

N/A

5Y (annualized)

N/A

10Y (annualized)

N/A

BITO

YTD

119.51%

1M

44.98%

6M

42.52%

1Y

140.15%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


YBTCBITO
Daily Std Dev43.55%57.58%
Max Drawdown-23.17%-77.86%
Current Drawdown0.00%0.00%

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YBTC vs. BITO - Expense Ratio Comparison

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


YBTC
Roundhill Bitcoin Covered Call Strategy ETF
Expense ratio chart for YBTC: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for BITO: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Correlation

-0.50.00.51.00.8

The correlation between YBTC and BITO is 0.79, 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.

Risk-Adjusted Performance

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.


Sharpe ratio
No data
YBTC
BITO

Chart placeholderNot enough data

Dividends

YBTC vs. BITO - Dividend Comparison

YBTC's dividend yield for the trailing twelve months is around 34.85%, less than BITO's 46.14% yield.


TTM2023
YBTC
Roundhill Bitcoin Covered Call Strategy ETF
34.85%0.00%
BITO
ProShares Bitcoin Strategy ETF
46.14%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.


-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember00
YBTC
BITO

Volatility

YBTC vs. BITO - Volatility Comparison

The current volatility for Roundhill Bitcoin Covered Call Strategy ETF (YBTC) is 12.62%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 18.04%. 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.


10.00%15.00%20.00%25.00%JuneJulyAugustSeptemberOctoberNovember
12.62%
18.04%
YBTC
BITO