YBTC vs. QYLD
Compare and contrast key facts about Roundhill Bitcoin Covered Call Strategy ETF (YBTC) and Global X NASDAQ 100 Covered Call ETF (QYLD).
YBTC and QYLD 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. QYLD is a passively managed fund by Global X that tracks the performance of the CBOE NASDAQ-100 Buy Write V2. It was launched on Dec 12, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: YBTC or QYLD.
Key characteristics
| YBTC | QYLD | |
|---|---|---|
| Daily Std Dev | 44.03% | 10.05% |
| Max Drawdown | -23.17% | -24.89% |
| Current Drawdown | -0.16% | 0.00% |
Correlation
The correlation between YBTC and QYLD is 0.31, 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. QYLD - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
YBTC vs. QYLD - Expense Ratio Comparison
YBTC has a 0.95% expense ratio, which is higher than QYLD's 0.60% expense ratio.
Risk-Adjusted Performance
YBTC vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Bitcoin Covered Call Strategy ETF (YBTC) and Global X NASDAQ 100 Covered Call ETF (QYLD). 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. QYLD - Dividend Comparison
YBTC's dividend yield for the trailing twelve months is around 38.34%, more than QYLD's 11.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
YBTC Roundhill Bitcoin Covered Call Strategy ETF | 38.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.25% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
Drawdowns
YBTC vs. QYLD - Drawdown Comparison
The maximum YBTC drawdown since its inception was -23.17%, smaller than the maximum QYLD drawdown of -24.89%. Use the drawdown chart below to compare losses from any high point for YBTC and QYLD. For additional features, visit the drawdowns tool.
Volatility
YBTC vs. QYLD - Volatility Comparison
Roundhill Bitcoin Covered Call Strategy ETF (YBTC) has a higher volatility of 12.73% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 2.54%. This indicates that YBTC's price experiences larger fluctuations and is considered to be riskier than QYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.