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 -36.56% vs -39.99% for ETH-USD. A 0.64 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 -33.53% return, which is significantly higher than ETH-USD's -39.86% return.
YETH
- 1D
- -0.82%
- 1M
- 6.38%
- 6M
- -36.53%
- YTD
- -33.53%
- 1Y
- -36.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETH-USD
- 1D
- -1.18%
- 1M
- 6.19%
- 6M
- -42.29%
- YTD
- -39.86%
- 1Y
- -39.99%
- 3Y*
- -2.73%
- 5Y*
- -2.20%
- 10Y*
- 64.92%
YETH vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
YETH Roundhill Ether Covered Call Strategy ETF | -33.53% | -32.10% | 26.02% |
ETH-USD Ethereum | -39.86% | -10.91% | 37.38% |
Correlation
The correlation between YETH and ETH-USD is 0.65, 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 | 0.65 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2024 | 0.64 |
The correlation between YETH and ETH-USD has been stable across timeframes, ranging from 0.64 to 0.65 - 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 | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.94 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | -0.59 | -0.03 |
| Martin ratioReturn relative to average drawdown | -1.03 | -0.92 | -0.11 |
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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% | -67.60% | +8.87% |
Max Drawdown (3Y)Largest decline over 3 years | — | -67.60% | — |
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 | -59.39% | -63.07% | +3.68% |
Average DrawdownAverage peak-to-trough decline | -32.56% | -51.00% | +18.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.61% | 36.45% | -0.84% |
Volatility
YETH vs. ETH-USD - Volatility Comparison
The current volatility for Roundhill Ether Covered Call Strategy ETF (YETH) is 10.81%, while Ethereum (ETH-USD) has a volatility of 12.59%. This indicates that YETH experiences smaller price fluctuations and is considered to be less risky than ETH-USD based on this measure. 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 | 10.81% | 12.59% | -1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 39.97% | 46.69% | -6.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.85% | 55.16% | +2.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.33% | 58.69% | -3.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.33% | 76.79% | -21.46% |
Frequently Asked Questions
YETH and ETH-USD have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETH-USD has higher volatility (12.59%) compared to YETH (10.81%). In terms of maximum drawdown, YETH dropped -64.41% vs ETH-USD's -94.01%.
ETH-USD currently has the higher Sharpe Ratio (-0.60 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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