YBTC vs. QYLD
YBTC (Roundhill Bitcoin Covered Call Strategy ETF) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both exchange-traded funds - YBTC is a Cryptocurrency fund actively managed by Roundhill, while QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. YBTC is actively managed, while QYLD is passively managed. Over the past year, YBTC returned -39.52% vs 21.85% for QYLD. Their 0.37 correlation means their historical movements had little consistent relationship. YBTC charges 0.95%/yr vs 0.60%/yr for QYLD.
Performance
YBTC vs. QYLD - Performance Comparison
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Returns By Period
In the year-to-date period, YBTC achieves a -23.08% return, which is significantly lower than QYLD's 8.73% return.
YBTC
- 1D
- 1.15%
- 1M
- 4.67%
- 6M
- -14.64%
- YTD
- -23.08%
- 1Y
- -39.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.44%
QYLD
- 1D
- 0.99%
- 1M
- 0.00%
- 6M
- 6.38%
- YTD
- 8.73%
- 1Y
- 21.85%
- 3Y*
- 13.13%
- 5Y*
- 7.94%
- 10Y*
- 9.65%
- ALL TIME*
- 8.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $81.92M | $78.72M | $98.91M | |
| $1.48M | $1.24M | $1.57M |
YBTC vs. QYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
YBTC Roundhill Bitcoin Covered Call Strategy ETF | -23.08% | -4.23% | 55.31% |
QYLD Global X NASDAQ 100 Covered Call ETF | 8.73% | 9.28% | 18.33% |
Correlation
The correlation between YBTC and QYLD is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2024 | 0.37 |
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Return for Risk
YBTC vs. QYLD — Risk / Return Rank
YBTC
QYLD
YBTC vs. QYLD - Risk-Adjusted Trends 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.
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 | QYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.94 | ||
| Sortino ratioReturn per unit of downside risk | -4.15 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.40 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | 3.80 | -4.61 |
| Martin ratioReturn relative to average drawdown | -1.26 | 17.57 | -18.82 |
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Drawdowns
YBTC vs. QYLD - Drawdown Comparison
The maximum YBTC drawdown since its inception was -48.84%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for YBTC and QYLD.
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Drawdown Indicators
| YBTC | QYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.84% | -24.75% | -24.09% |
Max Drawdown (1Y)Largest decline over 1 year | -48.84% | -5.78% | -43.06% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.06% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.75% | — |
Current DrawdownCurrent decline from peak | -43.83% | -2.00% | -41.83% |
Average DrawdownAverage peak-to-trough decline | -14.95% | -3.81% | -11.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.47% | 1.25% | +30.22% |
Volatility
YBTC vs. QYLD - Volatility Comparison
Roundhill Bitcoin Covered Call Strategy ETF (YBTC) has a higher volatility of 7.36% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 5.17%. 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.
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Volatility by Period
| YBTC | QYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.36% | 5.17% | +2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 31.73% | 10.07% | +21.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.20% | 11.26% | +28.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.43% | 15.05% | +25.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.43% | 15.64% | +24.79% |
YBTC vs. QYLD - Expense Ratio Comparison
YBTC has a 0.95% expense ratio, which is higher than QYLD's 0.60% expense ratio.
Dividends
YBTC vs. QYLD - Dividend Comparison
YBTC's dividend yield for the trailing twelve months is around 80.06%, more than QYLD's 11.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QYLD Global X NASDAQ 100 Covered Call ETF | 11.78% | 11.55% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% |
YBTC Roundhill Bitcoin Covered Call Strategy ETF | 80.06% | 76.04% | 44.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
YBTC and QYLD have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YBTC has higher volatility (7.36%) compared to QYLD (5.17%). In terms of maximum drawdown, YBTC dropped -48.84% vs QYLD's -24.75%.
On 1-year performance, QYLD leads with 21.85% vs -39.52% for YBTC. On fees, QYLD is cheaper at 0.60% per year. On volatility, QYLD has been the lower-risk option at 5.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QYLD has performed better with a 21.85% return vs -39.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QYLD is cheaper with a 0.60% expense ratio, compared with 0.95% for YBTC.
YBTC has the higher dividend yield at 80.06%, compared with 11.78% for QYLD.
YBTC is categorized as Cryptocurrency, while QYLD is Nasdaq-100. They also come from different issuers: Roundhill and Global X. Their fees differ too: 0.95% for YBTC and 0.60% for QYLD.
QYLD currently has the higher Sharpe Ratio (1.95 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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