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 -32.96% vs -36.52% for BTC-USD. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
YBTC vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, YBTC achieves a -21.21% return, which is significantly higher than BTC-USD's -23.17% return.
YBTC
- 1D
- -5.87%
- 1M
- -12.83%
- YTD
- -21.21%
- 6M
- -23.02%
- 1Y
- -32.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- 0.85%
- 1M
- -14.42%
- YTD
- -23.17%
- 6M
- -26.37%
- 1Y
- -36.52%
- 3Y*
- 35.33%
- 5Y*
- 12.77%
- 10Y*
- 60.98%
YBTC vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
YBTC Roundhill Bitcoin Covered Call Strategy ETF | -21.21% | -4.23% | 58.55% |
BTC-USD Bitcoin | -23.17% | -6.27% | 126.07% |
Correlation
The correlation between YBTC and BTC-USD is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2024 | 0.63 |
The correlation between YBTC and BTC-USD has been stable across timeframes, ranging from 0.63 to 0.68 - 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.
| YBTC | BTC-USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.85 | -0.85 | +0.01 |
Sortino ratioReturn per unit of downside risk | -1.08 | -1.14 | +0.05 |
Omega ratioGain probability vs. loss probability | 0.86 | 0.88 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | -0.69 | -1.07 | +0.38 |
Martin ratioReturn relative to average drawdown | -1.27 | -1.57 | +0.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| YBTC | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.85 | -0.85 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.24 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.89 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 1.14 | -0.95 |
Drawdowns
YBTC vs. BTC-USD - Drawdown Comparison
The maximum YBTC drawdown since its inception was -47.09%, 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 | -47.09% | -85.30% | +38.21% |
Max Drawdown (1Y)Largest decline over 1 year | -47.09% | -49.65% | +2.56% |
Max Drawdown (3Y)Largest decline over 3 years | — | -49.65% | — |
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 | -42.46% | -46.10% | +3.64% |
Average DrawdownAverage peak-to-trough decline | -12.84% | -42.27% | +29.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.54% | 33.71% | -8.17% |
Volatility
YBTC vs. BTC-USD - Volatility Comparison
The current volatility for Roundhill Bitcoin Covered Call Strategy ETF (YBTC) is 8.85%, while Bitcoin (BTC-USD) has a volatility of 9.90%. 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 | 8.85% | 9.90% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 32.13% | 33.98% | -1.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.11% | 35.37% | +3.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.81% | 45.01% | -4.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.81% | 56.68% | -15.87% |
Frequently Asked Questions
YBTC and BTC-USD have a correlation of 0.68, 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 (9.90%) compared to YBTC (8.85%). In terms of maximum drawdown, YBTC dropped -47.09% vs BTC-USD's -85.30%.
YBTC currently has the higher Sharpe Ratio (-0.85 vs -0.85), 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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