YBTC vs. MSTW
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. Over the past year, YBTC returned -39.52% vs -82.82% for MSTW. Their 0.79 correlation means they have sometimes moved together and sometimes differently. YBTC charges 0.95%/yr vs 0.99%/yr for MSTW.
Performance
YBTC vs. MSTW - 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 MSTW's -48.21% return.
YBTC
- 1D
- 1.15%
- 1M
- 4.67%
- 6M
- -14.64%
- YTD
- -23.08%
- 1Y
- -39.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.44%
MSTW
- 1D
- 1.76%
- 1M
- -7.73%
- 6M
- -42.22%
- YTD
- -48.21%
- 1Y
- -82.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -84.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.30M | $1.35M | $2.96M | |
| $1.48M | $1.24M | $1.57M |
YBTC vs. MSTW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
YBTC Roundhill Bitcoin Covered Call Strategy ETF | -23.08% | -24.52% |
MSTW Roundhill MSTR WeeklyPay™ ETF | -48.21% | -71.40% |
Correlation
The correlation between YBTC and MSTW is 0.79, 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. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025 | 0.79 |
The correlation between YBTC and MSTW has been stable across timeframes, ranging from 0.79 to 0.79 - a consistent structural relationship.
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Return for Risk
YBTC vs. MSTW — Risk / Return Rank
YBTC
MSTW
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 ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.78 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | -0.96 | +0.14 |
| Martin ratioReturn relative to average drawdown | -1.26 | -1.31 | +0.05 |
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Drawdowns
YBTC vs. MSTW - Drawdown Comparison
The maximum YBTC drawdown since its inception was -48.84%, smaller than the maximum MSTW drawdown of -87.29%. Use the drawdown chart below to compare losses from any high point for YBTC and MSTW.
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Drawdown Indicators
| YBTC | MSTW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.84% | -87.29% | +38.45% |
Max Drawdown (1Y)Largest decline over 1 year | -48.84% | -86.75% | +37.91% |
Current DrawdownCurrent decline from peak | -43.83% | -85.20% | +41.37% |
Average DrawdownAverage peak-to-trough decline | -14.95% | -58.88% | +43.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.47% | 63.23% | -31.76% |
Volatility
YBTC vs. MSTW - Volatility Comparison
The current volatility for Roundhill Bitcoin Covered Call Strategy ETF (YBTC) is 7.36%, while Roundhill MSTR WeeklyPay™ ETF (MSTW) has a volatility of 19.65%. This indicates that YBTC experiences smaller price fluctuations and is considered to be less risky than MSTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YBTC | MSTW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.36% | 19.65% | -12.29% |
Volatility (6M)Calculated over the trailing 6-month period | 31.73% | 73.26% | -41.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.20% | 90.82% | -50.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.43% | 90.22% | -49.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.43% | 90.22% | -49.79% |
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 80.06%, less than MSTW's 422.61% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MSTW Roundhill MSTR WeeklyPay™ ETF | 422.61% | 106.94% | 0.00% |
YBTC Roundhill Bitcoin Covered Call Strategy ETF | 80.06% | 76.04% | 44.53% |
Frequently Asked Questions
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.
MSTW has higher volatility (19.65%) compared to YBTC (7.36%). In terms of maximum drawdown, YBTC dropped -48.84% vs MSTW's -87.29%.
On 1-year performance, YBTC leads with -39.52% vs -82.82% for MSTW. On fees, YBTC is cheaper at 0.95% 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 -82.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
YBTC is cheaper with a 0.95% expense ratio, compared with 0.99% for MSTW.
MSTW has the higher dividend yield at 422.61%, compared with 80.06% for YBTC.
YBTC is categorized as Cryptocurrency, while MSTW is Derivative Income. Their fees differ too: 0.95% for YBTC and 0.99% for MSTW.
MSTW currently has the higher Sharpe Ratio (-0.92 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.
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