YBTC vs. GDLC
YBTC (Roundhill Bitcoin Covered Call Strategy ETF) and GDLC (Grayscale CoinDesk Crypto 5 ETF) are both Cryptocurrency funds. YBTC is actively managed, while GDLC is passively managed. Over the past year, YBTC returned -39.52% vs -42.29% for GDLC. Their correlation of 0.83 means they have usually moved in the same direction. YBTC charges 0.95%/yr vs 0.59%/yr for GDLC.
Performance
YBTC vs. GDLC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, YBTC achieves a -23.08% return, which is significantly higher than GDLC's -30.16% return.
YBTC
- 1D
- 1.15%
- 1M
- 4.67%
- 6M
- -14.64%
- YTD
- -23.08%
- 1Y
- -39.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.44%
GDLC
- 1D
- 1.26%
- 1M
- 4.19%
- 6M
- -19.67%
- YTD
- -30.16%
- 1Y
- -42.29%
- 3Y*
- 49.03%
- 5Y*
- -3.08%
- 10Y*
- —
- ALL TIME*
- 20.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.36M | $1.40M | $1.44M | |
| $1.48M | $1.24M | $1.57M |
YBTC vs. GDLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
YBTC Roundhill Bitcoin Covered Call Strategy ETF | -23.08% | -4.23% | 55.31% |
GDLC Grayscale CoinDesk Crypto 5 ETF | -30.16% | 0.45% | 184.31% |
Correlation
The correlation between YBTC and GDLC is 0.93, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2024 | 0.83 |
The correlation between YBTC and GDLC shifts across timeframes, from 0.83 (all time) to 0.93 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
YBTC vs. GDLC — Risk / Return Rank
YBTC
GDLC
YBTC vs. GDLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Bitcoin Covered Call Strategy ETF (YBTC) and Grayscale CoinDesk Crypto 5 ETF (GDLC). 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 | GDLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.87 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | -0.74 | -0.07 |
| Martin ratioReturn relative to average drawdown | -1.26 | -1.12 | -0.14 |
Loading charts...
Drawdowns
YBTC vs. GDLC - Drawdown Comparison
The maximum YBTC drawdown since its inception was -48.84%, smaller than the maximum GDLC drawdown of -94.14%. Use the drawdown chart below to compare losses from any high point for YBTC and GDLC.
Loading charts...
Drawdown Indicators
| YBTC | GDLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.84% | -94.14% | +45.30% |
Max Drawdown (1Y)Largest decline over 1 year | -48.84% | -57.18% | +8.34% |
Max Drawdown (3Y)Largest decline over 3 years | — | -57.18% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -94.14% | — |
Current DrawdownCurrent decline from peak | -43.83% | -55.07% | +11.24% |
Average DrawdownAverage peak-to-trough decline | -14.95% | -52.83% | +37.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.47% | 37.88% | -6.41% |
Volatility
YBTC vs. GDLC - Volatility Comparison
The current volatility for Roundhill Bitcoin Covered Call Strategy ETF (YBTC) is 7.36%, while Grayscale CoinDesk Crypto 5 ETF (GDLC) has a volatility of 9.27%. This indicates that YBTC experiences smaller price fluctuations and is considered to be less risky than GDLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| YBTC | GDLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.36% | 9.27% | -1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 31.73% | 35.61% | -3.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.20% | 49.03% | -8.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.43% | 71.69% | -31.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.43% | 93.49% | -53.06% |
YBTC vs. GDLC - Expense Ratio Comparison
YBTC has a 0.95% expense ratio, which is higher than GDLC's 0.59% expense ratio.
Dividends
YBTC vs. GDLC - Dividend Comparison
YBTC's dividend yield for the trailing twelve months is around 80.06%, while GDLC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GDLC Grayscale CoinDesk Crypto 5 ETF | 0.00% | 0.00% | 0.00% |
YBTC Roundhill Bitcoin Covered Call Strategy ETF | 80.06% | 76.04% | 44.53% |
Frequently Asked Questions
With a correlation of 0.93, YBTC and GDLC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
GDLC has higher volatility (9.27%) compared to YBTC (7.36%). In terms of maximum drawdown, YBTC dropped -48.84% vs GDLC's -94.14%.
On 1-year performance, YBTC leads with -39.52% vs -42.29% for GDLC. On fees, GDLC is cheaper at 0.59% per year. On volatility, YBTC has been the lower-risk option at 7.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, YBTC has performed better with a -39.52% return vs -42.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GDLC is cheaper with a 0.59% expense ratio, compared with 0.95% for YBTC.
YBTC has the higher dividend yield at 80.06%, compared with 0.00% for GDLC.
They also come from different issuers: Roundhill and Grayscale. Their fees differ too: 0.95% for YBTC and 0.59% for GDLC.
GDLC currently has the higher Sharpe Ratio (-0.87 vs -0.99), 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.
Find the right allocation for YBTC and GDLC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer