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YBTC vs. QQQY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

YBTC vs. QQQY

Last updated May 16, 2025

Compare and contrast key facts about Roundhill Bitcoin Covered Call Strategy ETF (YBTC) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY).

YBTC and QQQY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YBTC is an actively managed fund by Roundhill. It was launched on Jan 17, 2024. QQQY is an actively managed fund by Defiance ETFs. It was launched on Sep 13, 2023.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: YBTC or QQQY.

Correlation

The correlation between YBTC and QQQY is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Performance

YBTC vs. QQQY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Bitcoin Covered Call Strategy ETF (YBTC) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

YBTC:

0.82

QQQY:

0.08

Sortino Ratio

YBTC:

1.42

QQQY:

0.29

Omega Ratio

YBTC:

1.18

QQQY:

1.05

Calmar Ratio

YBTC:

1.68

QQQY:

0.15

Martin Ratio

YBTC:

3.57

QQQY:

0.44

Ulcer Index

YBTC:

10.98%

QQQY:

6.46%

Daily Std Dev

YBTC:

44.57%

QQQY:

17.78%

Max Drawdown

YBTC:

-23.39%

QQQY:

-19.04%

Current Drawdown

YBTC:

-3.80%

QQQY:

-7.79%

Returns By Period

In the year-to-date period, YBTC achieves a 8.07% return, which is significantly higher than QQQY's -3.06% return.

YBTC

YTD

8.07%

1M

14.01%

6M

15.61%

1Y

36.09%

5Y*

N/A

10Y*

N/A

QQQY

YTD

-3.06%

1M

8.56%

6M

-5.92%

1Y

1.49%

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

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YBTC vs. QQQY - Expense Ratio Comparison

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

QQQY
Defiance Nasdaq 100 Enhanced Options Income ETF
YBTC
Roundhill Bitcoin Covered Call Strategy ETF

Risk-Adjusted Performance

YBTC vs. QQQY — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
YBTC
The Risk-Adjusted Performance Rank of YBTC is 8080
Overall Rank
The Sharpe Ratio Rank of YBTC is 7575
Sharpe Ratio Rank
The Sortino Ratio Rank of YBTC is 8080
Sortino Ratio Rank
The Omega Ratio Rank of YBTC is 7676
Omega Ratio Rank
The Calmar Ratio Rank of YBTC is 9191
Calmar Ratio Rank
The Martin Ratio Rank of YBTC is 7878
Martin Ratio Rank
QQQY
The Risk-Adjusted Performance Rank of QQQY is 2323
Overall Rank
The Sharpe Ratio Rank of QQQY is 2020
Sharpe Ratio Rank
The Sortino Ratio Rank of QQQY is 2222
Sortino Ratio Rank
The Omega Ratio Rank of QQQY is 2424
Omega Ratio Rank
The Calmar Ratio Rank of QQQY is 2626
Calmar Ratio Rank
The Martin Ratio Rank of QQQY is 2424
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

YBTC vs. QQQY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Bitcoin Covered Call Strategy ETF (YBTC) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY). 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.

The current YBTC Sharpe Ratio is 0.82, which is higher than the QQQY Sharpe Ratio of 0.08. The chart below compares the historical Sharpe Ratios of YBTC and QQQY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

YBTC vs. QQQY - Dividend Comparison

YBTC's dividend yield for the trailing twelve months is around 46.13%, less than QQQY's 78.91% yield.

TTM20242023
YBTC
Roundhill Bitcoin Covered Call Strategy ETF		46.13%44.53%0.00%
QQQY
Defiance Nasdaq 100 Enhanced Options Income ETF		78.91%83.34%20.64%

Drawdowns

YBTC vs. QQQY - Drawdown Comparison

The maximum YBTC drawdown since its inception was -23.39%, which is greater than QQQY's maximum drawdown of -19.04%. Use the drawdown chart below to compare losses from any high point for YBTC and QQQY. For additional features, visit the drawdowns tool.

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Volatility

YBTC vs. QQQY - Volatility Comparison

Roundhill Bitcoin Covered Call Strategy ETF (YBTC) has a higher volatility of 7.31% compared to Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) at 4.83%. This indicates that YBTC's price experiences larger fluctuations and is considered to be riskier than QQQY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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