PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
YBTC vs. BITO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


YBTCBITO
Daily Std Dev44.09%58.25%
Max Drawdown-23.17%-77.86%
Current Drawdown0.00%0.00%

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.

Performance

YBTC vs. BITO - Performance Comparison

The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-20.00%-10.00%0.00%10.00%20.00%30.00%JuneJulyAugustSeptemberOctoberNovember
22.87%
34.28%
YBTC
BITO

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


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%

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.


YBTC
Sharpe ratio
No data
BITO
Sharpe ratio
The chart of Sharpe ratio for BITO, currently valued at 2.06, compared to the broader market-2.000.002.004.006.002.06
Sortino ratio
The chart of Sortino ratio for BITO, currently valued at 2.67, compared to the broader market0.005.0010.002.67
Omega ratio
The chart of Omega ratio for BITO, currently valued at 1.31, compared to the broader market1.001.502.002.503.001.31
Calmar ratio
The chart of Calmar ratio for BITO, currently valued at 2.34, compared to the broader market0.005.0010.0015.002.34
Martin ratio
The chart of Martin ratio for BITO, currently valued at 8.87, compared to the broader market0.0020.0040.0060.0080.00100.008.87

YBTC vs. BITO - Sharpe Ratio Comparison


Chart placeholderNot enough data

Dividends

YBTC vs. BITO - Dividend Comparison

YBTC's dividend yield for the trailing twelve months is around 36.97%, less than BITO's 51.87% yield.


TTM2023
YBTC
Roundhill Bitcoin Covered Call Strategy ETF
36.97%0.00%
BITO
ProShares Bitcoin Strategy ETF
51.87%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 12.40%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 18.16%. 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
12.40%
18.16%
YBTC
BITO