YBTC vs. YETH

Last updated Jul 12, 2026

YBTC (Roundhill Bitcoin Covered Call Strategy ETF) and YETH (Roundhill Ether Covered Call Strategy ETF) are both exchange-traded funds - YBTC is a Cryptocurrency fund actively managed by Roundhill, while YETH is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, YBTC returned -41.16% vs -36.03% for YETH. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 0.95% expense ratio.

Performance

YBTC vs. YETH - Performance Comparison

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

Returns By Period

In the year-to-date period, YBTC achieves a -23.52% return, which is significantly higher than YETH's -32.99% return.

YBTC

• 1D: 1.02%
• 1M: 1.86%
• 6M: -26.53%
• YTD: -23.52%
• 1Y: -41.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

YETH

• 1D: 3.12%
• 1M: 7.25%
• 6M: -35.65%
• YTD: -32.99%
• 1Y: -36.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YBTC vs. YETH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YBTC Roundhill Bitcoin Covered Call Strategy ETF	-23.52%	-4.23%	39.19%
YETH Roundhill Ether Covered Call Strategy ETF	-32.99%	-32.10%	26.02%

Correlation

The correlation between YBTC and YETH is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (All Time) Calculated using the full available price history since Sep 4, 2024	0.78

The correlation between YBTC and YETH has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.

Return for Risk

YBTC vs. YETH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

YBTC

YBTC Risk / Return Rank: 2
YBTC Sharpe Ratio Rank: 1
YBTC Sortino Ratio Rank: 2
YBTC Omega Ratio Rank: 1
YBTC Calmar Ratio Rank: 2
YBTC Martin Ratio Rank: 2

YETH

YETH Risk / Return Rank: 5
YETH Sharpe Ratio Rank: 4
YETH Sortino Ratio Rank: 5
YETH Omega Ratio Rank: 5
YETH Calmar Ratio Rank: 4
YETH Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

YBTC vs. YETH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Bitcoin Covered Call Strategy ETF (YBTC) and Roundhill Ether Covered Call Strategy ETF (YETH). 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	YETH	Difference
Sharpe ratio: Return per unit of total volatility	-1.02	-0.62	-0.41
Sortino ratio: Return per unit of downside risk	-1.44	-0.63	-0.82
Omega ratio: Gain probability vs. loss probability	0.82	0.92	-0.10
Calmar ratio: Return relative to maximum drawdown	-0.84	-0.61	-0.23
Martin ratio: Return relative to average drawdown	-1.38	-1.00	-0.38

YBTC vs. YETH - Sharpe Ratio Comparison

The current YBTC Sharpe Ratio is -1.02, which is lower than the YETH Sharpe Ratio of -0.62. The chart below compares the historical Sharpe Ratios of YBTC and YETH, 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. YETH - Drawdown Comparison

The maximum YBTC drawdown since its inception was -48.84%, smaller than the maximum YETH drawdown of -64.41%. Use the drawdown chart below to compare losses from any high point for YBTC and YETH.

Drawdown Indicators

	YBTC	YETH	Difference
Max Drawdown Largest peak-to-trough decline	-48.84%	-64.41%	+15.57%
Max Drawdown (1Y) Largest decline over 1 year	-48.84%	-58.73%	+9.89%
Current Drawdown Current decline from peak	-44.15%	-59.06%	+14.91%
Average Drawdown Average peak-to-trough decline	-14.22%	-32.50%	+18.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.50%	35.45%	-5.95%

Volatility

YBTC vs. YETH - Volatility Comparison

The current volatility for Roundhill Bitcoin Covered Call Strategy ETF (YBTC) is 9.12%, while Roundhill Ether Covered Call Strategy ETF (YETH) has a volatility of 10.84%. This indicates that YBTC experiences smaller price fluctuations and is considered to be less risky than YETH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YBTC	YETH	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.12%	10.84%	-1.72%
Volatility (6M) Calculated over the trailing 6-month period	32.31%	39.97%	-7.66%
Volatility (1Y) Calculated over the trailing 1-year period	40.05%	57.75%	-17.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.75%	55.39%	-14.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.75%	55.39%	-14.64%

YBTC vs. YETH - Expense Ratio Comparison

Both YBTC and YETH have an expense ratio of 0.95%.

Dividends

YBTC vs. YETH - Dividend Comparison

YBTC's dividend yield for the trailing twelve months is around 85.42%, less than YETH's 133.94% yield.

Position	TTM	2025	2024
YBTC Roundhill Bitcoin Covered Call Strategy ETF	85.42%	76.04%	44.53%
YETH Roundhill Ether Covered Call Strategy ETF	133.94%	109.12%	20.52%

Frequently Asked Questions

Can I hold both YBTC and YETH in my portfolio?

YBTC and YETH have a correlation of 0.83, 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 YETH?

YETH has higher volatility (10.84%) compared to YBTC (9.12%). In terms of maximum drawdown, YBTC dropped -48.84% vs YETH's -64.41%.

Which ETF is better, YBTC or YETH?

On 1-year performance, YETH leads with -36.03% vs -41.16% for YBTC. Both ETFs have the same 0.95% expense ratio. On volatility, YBTC has been the lower-risk option at 9.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YBTC or YETH?

Over the 1-year period, YETH has performed better with a -36.03% return vs -41.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YBTC or YETH?

YBTC and YETH have the same expense ratio: 0.95% per year.

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

YETH has the higher dividend yield at 133.94%, compared with 85.42% for YBTC.

What is the main difference between YBTC and YETH?

YBTC is categorized as Cryptocurrency, while YETH is Derivative Income.

Which has better risk-adjusted returns?

YETH currently has the higher Sharpe Ratio (-0.62 vs -1.02), 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.