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YBTC vs. BTC-USD
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Key characteristics


YBTCBTC-USD
Daily Std Dev44.09%44.51%
Max Drawdown-23.17%-93.07%
Current Drawdown0.00%-0.84%

Correlation

-0.50.00.51.00.6

The correlation between YBTC and BTC-USD is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Performance

YBTC vs. BTC-USD - 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%40.00%JuneJulyAugustSeptemberOctoberNovember
21.84%
42.89%
YBTC
BTC-USD

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Risk-Adjusted Performance

YBTC vs. BTC-USD - Risk-Adjusted Performance 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.


YBTC
Sharpe ratio
The chart of Sharpe ratio for YBTC, currently valued at 0.80, compared to the broader market-2.000.002.004.006.000.80
Sortino ratio
The chart of Sortino ratio for YBTC, currently valued at 1.38, compared to the broader market0.005.0010.001.38
Omega ratio
The chart of Omega ratio for YBTC, currently valued at 1.17, compared to the broader market1.001.502.002.503.001.17
Calmar ratio
The chart of Calmar ratio for YBTC, currently valued at 0.57, compared to the broader market0.005.0010.0015.000.57
Martin ratio
The chart of Martin ratio for YBTC, currently valued at 3.95, compared to the broader market0.0020.0040.0060.0080.00100.00120.003.95
BTC-USD
Sharpe ratio
The chart of Sharpe ratio for BTC-USD, currently valued at 1.10, compared to the broader market-2.000.002.004.006.001.10
Sortino ratio
The chart of Sortino ratio for BTC-USD, currently valued at 1.80, compared to the broader market0.005.0010.001.80
Omega ratio
The chart of Omega ratio for BTC-USD, currently valued at 1.18, compared to the broader market1.001.502.002.503.001.18
Calmar ratio
The chart of Calmar ratio for BTC-USD, currently valued at 0.94, compared to the broader market0.005.0010.0015.000.94
Martin ratio
The chart of Martin ratio for BTC-USD, currently valued at 4.49, compared to the broader market0.0020.0040.0060.0080.00100.00120.004.49

YBTC vs. BTC-USD - Sharpe Ratio Comparison


Rolling 12-month Sharpe Ratio0.501.001.502.00Sep 29Oct 06Oct 13Oct 20Oct 27Nov 03Nov 10
0.80
1.10
YBTC
BTC-USD

Drawdowns

YBTC vs. BTC-USD - Drawdown Comparison

The maximum YBTC drawdown since its inception was -23.17%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for YBTC and BTC-USD. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember0
-0.84%
YBTC
BTC-USD

Volatility

YBTC vs. BTC-USD - Volatility Comparison

The current volatility for Roundhill Bitcoin Covered Call Strategy ETF (YBTC) is 12.56%, while Bitcoin (BTC-USD) has a volatility of 16.08%. 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.


10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
12.56%
16.08%
YBTC
BTC-USD