YBTC vs. YETH
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 -40.21% vs -35.08% for YETH. Their 0.78 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.95% expense ratio.
Performance
YBTC vs. YETH - Performance Comparison
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Returns By Period
In the year-to-date period, YBTC achieves a -23.96% return, which is significantly higher than YETH's -29.48% return.
YBTC
- 1D
- -3.00%
- 1M
- 3.48%
- 6M
- -20.57%
- YTD
- -23.96%
- 1Y
- -40.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.99%
YETH
- 1D
- -2.65%
- 1M
- 11.61%
- 6M
- -21.42%
- YTD
- -29.48%
- 1Y
- -35.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -23.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.21M | $1.11M | $1.55M | |
| $413.46K | $455.45K | $751.44K |
YBTC vs. YETH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
YBTC Roundhill Bitcoin Covered Call Strategy ETF | -23.96% | -4.23% | 39.19% |
YETH Roundhill Ether Covered Call Strategy ETF | -29.48% | -32.10% | 26.02% |
Correlation
The correlation between YBTC and YETH is 0.86, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.86 |
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 0.86 - a consistent structural relationship.
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Return for Risk
YBTC vs. YETH — Risk / Return Rank
YBTC
YETH
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 ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.90 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | -0.68 | -0.19 |
| Martin ratioReturn relative to average drawdown | -1.35 | -1.06 | -0.29 |
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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.
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Drawdown Indicators
| YBTC | YETH | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -44.47% | -56.91% | +12.44% |
Average DrawdownAverage peak-to-trough decline | -14.91% | -33.27% | +18.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.35% | 37.51% | -6.16% |
Volatility
YBTC vs. YETH - Volatility Comparison
The current volatility for Roundhill Bitcoin Covered Call Strategy ETF (YBTC) is 7.65%, while Roundhill Ether Covered Call Strategy ETF (YETH) has a volatility of 8.65%. 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.
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Volatility by Period
| YBTC | YETH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.65% | 8.65% | -1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 31.73% | 39.12% | -7.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.25% | 57.48% | -17.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.45% | 54.75% | -14.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.45% | 54.75% | -14.30% |
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 80.99%, less than YETH's 121.07% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
YBTC Roundhill Bitcoin Covered Call Strategy ETF | 80.99% | 76.04% | 44.53% |
YETH Roundhill Ether Covered Call Strategy ETF | 121.07% | 109.12% | 20.52% |
Frequently Asked Questions
YBTC and YETH have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YETH has higher volatility (8.65%) compared to YBTC (7.65%). In terms of maximum drawdown, YBTC dropped -48.84% vs YETH's -64.41%.
On 1-year performance, YETH leads with -35.08% vs -40.21% for YBTC. Both ETFs have the same 0.95% expense ratio. On volatility, YBTC has been the lower-risk option at 7.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, YETH has performed better with a -35.08% return vs -40.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
YBTC and YETH have the same expense ratio: 0.95% per year.
YETH has the higher dividend yield at 121.07%, compared with 80.99% for YBTC.
YBTC is categorized as Cryptocurrency, while YETH is Derivative Income.
YETH currently has the higher Sharpe Ratio (-0.70 vs -1.06), 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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