YBTC vs. YBIT
Compare and contrast key facts about Roundhill Bitcoin Covered Call Strategy ETF (YBTC) and YieldMax Bitcoin Option Income Strategy ETF (YBIT).
YBTC and YBIT 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. YBIT is an actively managed fund by YieldMax. It was launched on Apr 22, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: YBTC or YBIT.
Correlation
The correlation between YBTC and YBIT is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
YBTC vs. YBIT - Performance Comparison
Key characteristics
YBTC:
45.21%
YBIT:
41.97%
YBTC:
-23.17%
YBIT:
-29.01%
YBTC:
-18.38%
YBIT:
-17.43%
Returns By Period
The year-to-date returns for both investments are quite close, with YBTC having a -8.31% return and YBIT slightly higher at -8.02%.
YBTC
-8.31%
-2.59%
19.62%
11.89%
N/A
N/A
YBIT
-8.02%
-5.45%
14.97%
N/A
N/A
N/A
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YBTC vs. YBIT - Expense Ratio Comparison
YBTC has a 0.95% expense ratio, which is lower than YBIT's 0.99% expense ratio.
Risk-Adjusted Performance
YBTC vs. YBIT — Risk-Adjusted Performance Rank
YBTC
YBIT
YBTC vs. YBIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Bitcoin Covered Call Strategy ETF (YBTC) and YieldMax Bitcoin Option Income Strategy ETF (YBIT). 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. YBIT - Dividend Comparison
YBTC's dividend yield for the trailing twelve months is around 52.03%, less than YBIT's 93.87% yield.
| TTM | 2024 | |
|---|---|---|
YBTC Roundhill Bitcoin Covered Call Strategy ETF | 52.03% | 44.53% |
YBIT YieldMax Bitcoin Option Income Strategy ETF | 93.87% | 60.01% |
Drawdowns
YBTC vs. YBIT - Drawdown Comparison
The maximum YBTC drawdown since its inception was -23.17%, smaller than the maximum YBIT drawdown of -29.01%. Use the drawdown chart below to compare losses from any high point for YBTC and YBIT. For additional features, visit the drawdowns tool.
Volatility
YBTC vs. YBIT - Volatility Comparison
Roundhill Bitcoin Covered Call Strategy ETF (YBTC) has a higher volatility of 15.39% compared to YieldMax Bitcoin Option Income Strategy ETF (YBIT) at 13.55%. This indicates that YBTC's price experiences larger fluctuations and is considered to be riskier than YBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.