YBTC vs. BTC-USD
YBTC (Roundhill Bitcoin Covered Call Strategy ETF) is Cryptocurrency fund actively managed by Roundhill, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past year, YBTC returned -39.52% vs -44.57% for BTC-USD. Their 0.64 correlation means they have sometimes moved together and sometimes differently.
Performance
YBTC vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, YBTC achieves a -23.08% return, which is significantly higher than BTC-USD's -27.65% return.
YBTC
- 1D
- 1.15%
- 1M
- 4.67%
- 6M
- -14.64%
- YTD
- -23.08%
- 1Y
- -39.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.44%
BTC-USD
- 1D
- -0.30%
- 1M
- 0.35%
- 6M
- -19.52%
- YTD
- -27.65%
- 1Y
- -44.57%
- 3Y*
- 29.61%
- 5Y*
- 9.77%
- 10Y*
- 59.80%
- ALL TIME*
- 87.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BTC-USD Bitcoin | $1541.04T | $1614.90T | $2068.30T |
| $1.48M | $1.24M | $1.57M |
YBTC vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
YBTC Roundhill Bitcoin Covered Call Strategy ETF | -23.08% | -4.23% | 55.31% |
BTC-USD Bitcoin | -27.65% | -6.27% | 118.43% |
Correlation
The correlation between YBTC and BTC-USD is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2024 | 0.64 |
The correlation between YBTC and BTC-USD has been stable across timeframes, ranging from 0.64 to 0.69 - a consistent structural relationship.
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Return for Risk
YBTC vs. BTC-USD — Risk / Return Rank
YBTC
BTC-USD
YBTC vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Bitcoin Covered Call Strategy ETF (YBTC) and Bitcoin (BTC-USD). 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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.85 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | -0.84 | +0.03 |
| Martin ratioReturn relative to average drawdown | -1.26 | -1.29 | +0.03 |
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Drawdowns
YBTC vs. BTC-USD - Drawdown Comparison
The maximum YBTC drawdown since its inception was -48.84%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for YBTC and BTC-USD.
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Drawdown Indicators
| YBTC | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.84% | -85.30% | +36.46% |
Max Drawdown (1Y)Largest decline over 1 year | -48.84% | -53.08% | +4.24% |
Max Drawdown (3Y)Largest decline over 3 years | — | -53.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -43.83% | -49.24% | +5.41% |
Average DrawdownAverage peak-to-trough decline | -14.95% | -42.74% | +27.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.47% | 25.03% | +6.44% |
Volatility
YBTC vs. BTC-USD - Volatility Comparison
The current volatility for Roundhill Bitcoin Covered Call Strategy ETF (YBTC) is 7.36%, while Bitcoin (BTC-USD) has a volatility of 8.46%. This indicates that YBTC experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YBTC | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.36% | 8.46% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 31.73% | 33.65% | -1.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.20% | 35.87% | +4.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.43% | 43.64% | -3.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.43% | 56.22% | -15.79% |
Frequently Asked Questions
YBTC and BTC-USD have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (8.46%) compared to YBTC (7.36%). In terms of maximum drawdown, YBTC dropped -48.84% vs BTC-USD's -85.30%.
YBTC currently has the higher Sharpe Ratio (-0.99 vs -1.03), 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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