YBTC vs. XDTE

Last updated Aug 4, 2026

YBTC (Roundhill Bitcoin Covered Call Strategy ETF) and XDTE (Roundhill S&P 500 0DTE Covered Call Strategy ETF) are both exchange-traded funds - YBTC is a Cryptocurrency fund actively managed by Roundhill, while XDTE is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, YBTC returned -39.52% vs 21.36% for XDTE. Their 0.44 correlation means their historical movements had little consistent relationship. YBTC charges 0.95%/yr vs 0.97%/yr for XDTE.

Performance

YBTC vs. XDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Bitcoin Covered Call Strategy ETF (YBTC) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YBTC achieves a -23.08% return, which is significantly lower than XDTE's 10.21% return.

YBTC

• 1D: 1.15%
• 1M: 4.67%
• 6M: -14.64%
• YTD: -23.08%
• 1Y: -39.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.44%

XDTE

• 1D: 1.00%
• 1M: 1.83%
• 6M: 7.46%
• YTD: 10.21%
• 1Y: 21.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.81%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	$6.67M	$7.77M	$7.49M
YBTC Roundhill Bitcoin Covered Call Strategy ETF	$1.48M	$1.24M	$1.57M

YBTC vs. XDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YBTC Roundhill Bitcoin Covered Call Strategy ETF	-23.08%	-4.23%	29.07%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	10.21%	12.60%	17.12%

Correlation

The correlation between YBTC and XDTE is 0.49, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.49
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024	0.44

Return for Risk

YBTC vs. XDTE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

YBTC

YBTC Risk / Return Rank: 2
YBTC Sharpe Ratio Rank: 2
YBTC Sortino Ratio Rank: 2
YBTC Omega Ratio Rank: 2
YBTC Calmar Ratio Rank: 3
YBTC Martin Ratio Rank: 3

XDTE

XDTE Risk / Return Rank: 78
XDTE Sharpe Ratio Rank: 78
XDTE Sortino Ratio Rank: 75
XDTE Omega Ratio Rank: 77
XDTE Calmar Ratio Rank: 77
XDTE Martin Ratio Rank: 84

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

YBTC vs. XDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Bitcoin Covered Call Strategy ETF (YBTC) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). 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	XDTE	Difference
Sharpe ratio: Return per unit of total volatility	-0.99	1.81	-2.79
Sortino ratio: Return per unit of downside risk	-1.38	2.44	-3.82
Omega ratio: Gain probability vs. loss probability	0.83	1.32	-0.49
Calmar ratio: Return relative to maximum drawdown	-0.81	2.79	-3.60
Martin ratio: Return relative to average drawdown	-1.26	11.85	-13.11

YBTC vs. XDTE - Sharpe Ratio Comparison

The current YBTC Sharpe Ratio is -0.99, which is lower than the XDTE Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of YBTC and XDTE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

YBTC vs. XDTE - Drawdown Comparison

The maximum YBTC drawdown since its inception was -48.84%, which is greater than XDTE's maximum drawdown of -19.09%. Use the drawdown chart below to compare losses from any high point for YBTC and XDTE.

Drawdown Indicators

	YBTC	XDTE	Difference
Max Drawdown Largest peak-to-trough decline	-48.84%	-19.09%	-29.75%
Max Drawdown (1Y) Largest decline over 1 year	-48.84%	-7.68%	-41.16%
Current Drawdown Current decline from peak	-43.83%	0.00%	-43.83%
Average Drawdown Average peak-to-trough decline	-14.95%	-2.25%	-12.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.47%	1.81%	+29.66%

Volatility

YBTC vs. XDTE - Volatility Comparison

Roundhill Bitcoin Covered Call Strategy ETF (YBTC) has a higher volatility of 7.36% compared to Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) at 3.61%. This indicates that YBTC's price experiences larger fluctuations and is considered to be riskier than XDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YBTC	XDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.36%	3.61%	+3.75%
Volatility (6M) Calculated over the trailing 6-month period	31.73%	9.34%	+22.39%
Volatility (1Y) Calculated over the trailing 1-year period	40.20%	11.90%	+28.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.43%	13.86%	+26.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.43%	13.86%	+26.57%

YBTC vs. XDTE - Expense Ratio Comparison

YBTC has a 0.95% expense ratio, which is lower than XDTE's 0.97% expense ratio.

Dividends

YBTC vs. XDTE - Dividend Comparison

YBTC's dividend yield for the trailing twelve months is around 80.06%, more than XDTE's 31.73% yield.

Position	TTM	2025	2024
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	31.73%	39.16%	20.35%
YBTC Roundhill Bitcoin Covered Call Strategy ETF	80.06%	76.04%	44.53%

Frequently Asked Questions

Can I hold both YBTC and XDTE in my portfolio?

YBTC and XDTE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YBTC or XDTE?

YBTC has higher volatility (7.36%) compared to XDTE (3.61%). In terms of maximum drawdown, YBTC dropped -48.84% vs XDTE's -19.09%.

Which ETF is better, YBTC or XDTE?

On 1-year performance, XDTE leads with 21.36% vs -39.52% for YBTC. On fees, YBTC is cheaper at 0.95% per year. On volatility, XDTE has been the lower-risk option at 3.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YBTC or XDTE?

Over the 1-year period, XDTE has performed better with a 21.36% return vs -39.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YBTC or XDTE?

YBTC is cheaper with a 0.95% expense ratio, compared with 0.97% for XDTE.

Which ETF pays a higher dividend yield, YBTC or XDTE?

YBTC has the higher dividend yield at 80.06%, compared with 31.73% for XDTE.

What is the main difference between YBTC and XDTE?

YBTC is categorized as Cryptocurrency, while XDTE is Derivative Income. Their fees differ too: 0.95% for YBTC and 0.97% for XDTE.

Which has better risk-adjusted returns?

XDTE currently has the higher Sharpe Ratio (1.81 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.