YBTC vs. QQQY
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.
Key characteristics
| YBTC | QQQY | |
|---|---|---|
| Daily Std Dev | 45.21% | 11.93% |
| Max Drawdown | -23.17% | -10.07% |
| Current Drawdown | -11.72% | -4.19% |
Correlation
The correlation between YBTC and QQQY is 0.32, 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 displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
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.
Not enough dataDividends
YBTC vs. QQQY - Dividend Comparison
YBTC's dividend yield for the trailing twelve months is around 36.55%, less than QQQY's 86.94% yield.
| TTM | 2023 | |
|---|---|---|
YBTC Roundhill Bitcoin Covered Call Strategy ETF | 36.55% | 0.00% |
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 86.94% | 20.64% |
Drawdowns
YBTC vs. QQQY - Drawdown Comparison
The maximum YBTC drawdown since its inception was -23.17%, which is greater than QQQY's maximum drawdown of -10.07%. Use the drawdown chart below to compare losses from any high point for YBTC and QQQY. For additional features, visit the drawdowns tool.
Volatility
YBTC vs. QQQY - Volatility Comparison
Roundhill Bitcoin Covered Call Strategy ETF (YBTC) has a higher volatility of 16.52% compared to Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) at 4.30%. 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.