YETH vs. ETH-USD
YETH (Roundhill Ether Covered Call Strategy ETF) is Derivative Income fund actively managed by Roundhill, while ETH-USD (Ethereum) is a cryptocurrency. Over the past year, YETH returned -36.92% vs -36.94% for ETH-USD. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
YETH vs. ETH-USD - Performance Comparison
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Returns By Period
In the year-to-date period, YETH achieves a -37.52% return, which is significantly higher than ETH-USD's -43.80% return.
YETH
- 1D
- -0.48%
- 1M
- -24.03%
- YTD
- -37.52%
- 6M
- -37.21%
- 1Y
- -36.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETH-USD
- 1D
- -0.28%
- 1M
- -26.16%
- YTD
- -43.80%
- 6M
- -45.95%
- 1Y
- -36.94%
- 3Y*
- -1.40%
- 5Y*
- -7.86%
- 10Y*
- 56.61%
YETH vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
YETH Roundhill Ether Covered Call Strategy ETF | -37.52% | -32.10% | 26.02% |
ETH-USD Ethereum | -43.80% | -10.91% | 37.38% |
Correlation
The correlation between YETH and ETH-USD is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2024 | 0.63 |
The correlation between YETH and ETH-USD has been stable across timeframes, ranging from 0.63 to 0.63 - a consistent structural relationship.
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Return for Risk
YETH vs. ETH-USD — Risk / Return Rank
YETH
ETH-USD
YETH vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Ether Covered Call Strategy ETF (YETH) and Ethereum (ETH-USD). 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.
| YETH | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.95 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | -0.55 | -0.08 |
| Martin ratioReturn relative to average drawdown | -1.15 | -0.94 | -0.20 |
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Drawdowns
YETH vs. ETH-USD - Drawdown Comparison
The maximum YETH drawdown since its inception was -64.41%, smaller than the maximum ETH-USD drawdown of -94.01%. Use the drawdown chart below to compare losses from any high point for YETH and ETH-USD.
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Drawdown Indicators
| YETH | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.41% | -94.01% | +29.60% |
Max Drawdown (1Y)Largest decline over 1 year | -58.73% | -67.53% | +8.80% |
Max Drawdown (3Y)Largest decline over 3 years | — | -67.53% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -79.35% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -94.01% | — |
Current DrawdownCurrent decline from peak | -61.83% | -65.49% | +3.66% |
Average DrawdownAverage peak-to-trough decline | -31.34% | -50.89% | +19.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.28% | 45.31% | -13.03% |
Volatility
YETH vs. ETH-USD - Volatility Comparison
Roundhill Ether Covered Call Strategy ETF (YETH) and Ethereum (ETH-USD) have volatilities of 17.41% and 17.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YETH | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.41% | 17.22% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 40.17% | 46.29% | -6.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.24% | 56.20% | +2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.97% | 59.59% | -3.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.97% | 77.89% | -21.92% |
Frequently Asked Questions
YETH and ETH-USD have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YETH has higher volatility (17.41%) compared to ETH-USD (17.22%). In terms of maximum drawdown, YETH dropped -64.41% vs ETH-USD's -94.01%.
ETH-USD currently has the higher Sharpe Ratio (-0.55 vs -0.64), 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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