YETH vs. BITO

Last updated Apr 2, 2026

Compare and contrast key facts about Roundhill Ether Covered Call Strategy ETF (YETH) and ProShares Bitcoin Strategy ETF (BITO).

YETH and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YETH is an actively managed fund by Roundhill. It was launched on Sep 4, 2024. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.

Performance

YETH vs. BITO - Performance Comparison

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

YETH vs. BITO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YETH Roundhill Ether Covered Call Strategy ETF	-22.85%	-32.10%	24.84%
BITO ProShares Bitcoin Strategy ETF	-22.79%	-11.19%	57.09%

Returns By Period

The year-to-date returns for both investments are quite close, with YETH having a -22.85% return and BITO slightly higher at -22.79%.

YETH

• 1D: 1.01%
• 1M: 10.48%
• YTD: -22.85%
• 6M: -40.97%
• 1Y: -19.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITO

• 1D: 0.60%
• 1M: -1.72%
• YTD: -22.79%
• 6M: -43.10%
• 1Y: -23.27%
• 3Y*: 24.87%
• 5Y*: —
• 10Y*: —

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

YETH vs. BITO - Expense Ratio Comparison

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

YETH

Roundhill Ether Covered Call Strategy ETF

BITO

ProShares Bitcoin Strategy ETF

Return for Risk

YETH vs. BITO — Risk / Return Rank

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

YETH

YETH Risk / Return Rank: 7
YETH Sharpe Ratio Rank: 6
YETH Sortino Ratio Rank: 8
YETH Omega Ratio Rank: 8
YETH Calmar Ratio Rank: 7
YETH Martin Ratio Rank: 7

BITO

BITO Risk / Return Rank: 5
BITO Sharpe Ratio Rank: 4
BITO Sortino Ratio Rank: 4
BITO Omega Ratio Rank: 5
BITO Calmar Ratio Rank: 5
BITO 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.

YETH vs. BITO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Ether Covered Call Strategy ETF (YETH) and ProShares Bitcoin Strategy ETF (BITO). 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.

	YETH	BITO	Difference
Sharpe ratio Return per unit of total volatility	-0.34	-0.52	+0.18
Sortino ratio Return per unit of downside risk	-0.10	-0.50	+0.40
Omega ratio Gain probability vs. loss probability	0.99	0.94	+0.04
Calmar ratio Return relative to maximum drawdown	-0.29	-0.42	+0.13
Martin ratio Return relative to average drawdown	-0.63	-0.89	+0.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YETH vs. BITO - Sharpe Ratio Comparison

The current YETH Sharpe Ratio is -0.34, which is higher than the BITO Sharpe Ratio of -0.52. The chart below compares the historical Sharpe Ratios of YETH and BITO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	YETH	BITO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.34	-0.52	+0.18
Sharpe Ratio (All Time) Calculated using the full available price history	-0.42	-0.08	-0.34

Correlation

The correlation between YETH and BITO is 0.77, 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.

Dividends

YETH vs. BITO - Dividend Comparison

YETH's dividend yield for the trailing twelve months is around 126.49%, more than BITO's 80.47% yield.

	TTM	2025	2024	2023
YETH Roundhill Ether Covered Call Strategy ETF	126.49%	109.12%	20.52%	0.00%
BITO ProShares Bitcoin Strategy ETF	80.47%	78.29%	61.59%	15.14%

Drawdowns

YETH vs. BITO - Drawdown Comparison

The maximum YETH drawdown since its inception was -61.73%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for YETH and BITO.

Drawdown Indicators

	YETH	BITO	Difference
Max Drawdown Largest peak-to-trough decline	-61.73%	-77.86%	+16.13%
Max Drawdown (1Y) Largest decline over 1 year	-55.63%	-50.05%	-5.58%
Current Drawdown Current decline from peak	-52.86%	-46.75%	-6.11%
Average Drawdown Average peak-to-trough decline	-28.76%	-36.57%	+7.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.59%	23.73%	+1.86%

Volatility

YETH vs. BITO - Volatility Comparison

The current volatility for Roundhill Ether Covered Call Strategy ETF (YETH) is 11.45%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 12.84%. This indicates that YETH experiences smaller price fluctuations and is considered to be less risky than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YETH	BITO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.45%	12.84%	-1.39%
Volatility (6M) Calculated over the trailing 6-month period	45.85%	36.71%	+9.14%
Volatility (1Y) Calculated over the trailing 1-year period	59.69%	45.32%	+14.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.06%	55.77%	+1.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	57.06%	55.77%	+1.29%