YBTC vs. MSTW

Last updated Jun 24, 2026

YBTC (Roundhill Bitcoin Covered Call Strategy ETF) and MSTW (Roundhill MSTR WeeklyPay ETF) are both exchange-traded funds - YBTC is a Cryptocurrency fund actively managed by Roundhill, while MSTW is a Derivative Income fund actively managed by Roundhill. Both are actively managed. A 0.79 correlation means they provide meaningful diversification when combined. YBTC charges 0.95%/yr vs 0.99%/yr for MSTW.

Performance

YBTC vs. MSTW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Bitcoin Covered Call Strategy ETF (YBTC) and Roundhill MSTR WeeklyPay ETF (MSTW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YBTC achieves a -26.15% return, which is significantly higher than MSTW's -40.29% return.

YBTC

• 1D: -2.45%
• 1M: -16.58%
• YTD: -26.15%
• 6M: -25.92%
• 1Y: -36.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSTW

• 1D: -5.77%
• 1M: -41.43%
• YTD: -40.29%
• 6M: -43.01%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

YBTC vs. MSTW - Yearly Performance Comparison

	2026 (YTD)	2025
YBTC Roundhill Bitcoin Covered Call Strategy ETF	-26.15%	-24.52%
MSTW Roundhill MSTR WeeklyPay ETF	-40.29%	-71.40%

Correlation

The correlation between YBTC and MSTW is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.79

Return for Risk

YBTC vs. MSTW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

YBTC

YBTC Risk / Return Rank: 2
YBTC Sharpe Ratio Rank: 2
YBTC Sortino Ratio Rank: 2
YBTC Omega Ratio Rank: 2
YBTC Calmar Ratio Rank: 3
YBTC Martin Ratio Rank: 2

MSTW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

YBTC vs. MSTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Bitcoin Covered Call Strategy ETF (YBTC) and Roundhill MSTR WeeklyPay ETF (MSTW). 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	MSTW	Difference
Sharpe ratio: Return per unit of total volatility	-0.93	—	—
Sortino ratio: Return per unit of downside risk	-1.25	—	—
Omega ratio: Gain probability vs. loss probability	0.84	—	—
Calmar ratio: Return relative to maximum drawdown	-0.76	—	—
Martin ratio: Return relative to average drawdown	-1.33	—	—

Drawdowns

YBTC vs. MSTW - Drawdown Comparison

The maximum YBTC drawdown since its inception was -48.82%, smaller than the maximum MSTW drawdown of -82.94%. Use the drawdown chart below to compare losses from any high point for YBTC and MSTW.

Drawdown Indicators

	YBTC	MSTW	Difference
Max Drawdown Largest peak-to-trough decline	-48.82%	-82.94%	+34.12%
Max Drawdown (1Y) Largest decline over 1 year	-48.82%	—	—
Current Drawdown Current decline from peak	-46.07%	-82.94%	+36.87%
Average Drawdown Average peak-to-trough decline	-13.58%	-55.68%	+42.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.69%	—	—

Volatility

Volatility by Period

	YBTC	MSTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.43%	—	—
Volatility (6M) Calculated over the trailing 6-month period	32.04%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	39.80%	89.08%	-49.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.90%	89.08%	-48.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.90%	89.08%	-48.18%

YBTC vs. MSTW - Expense Ratio Comparison

YBTC has a 0.95% expense ratio, which is lower than MSTW's 0.99% expense ratio.

Dividends

YBTC vs. MSTW - Dividend Comparison

YBTC's dividend yield for the trailing twelve months is around 89.41%, less than MSTW's 325.95% yield.

Position	TTM	2025	2024
MSTW Roundhill MSTR WeeklyPay ETF	325.95%	106.94%	0.00%
YBTC Roundhill Bitcoin Covered Call Strategy ETF	89.41%	76.04%	44.53%

Frequently Asked Questions

Can I hold both YBTC and MSTW in my portfolio?

YBTC and MSTW have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, YBTC or MSTW?

On fees, YBTC is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, YBTC or MSTW?

YBTC is cheaper with a 0.95% expense ratio, compared with 0.99% for MSTW.

Which ETF pays a higher dividend yield, YBTC or MSTW?

MSTW has the higher dividend yield at 325.95%, compared with 89.41% for YBTC.

What is the main difference between YBTC and MSTW?

YBTC is categorized as Cryptocurrency, while MSTW is Derivative Income. Their fees differ too: 0.95% for YBTC and 0.99% for MSTW.