YETH vs. IBIT
YETH (Roundhill Ether Covered Call Strategy ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - YETH is a Derivative Income fund actively managed by Roundhill, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. YETH is actively managed, while IBIT is passively managed. Over the past year, YETH returned -35.64% vs -45.30% for IBIT. A 0.78 correlation means they provide meaningful diversification when combined. YETH charges 0.95%/yr vs 0.25%/yr for IBIT.
Performance
YETH vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, YETH achieves a -40.58% return, which is significantly lower than IBIT's -32.49% return.
YETH
- 1D
- -1.27%
- 1M
- -22.14%
- YTD
- -40.58%
- 6M
- -39.82%
- 1Y
- -35.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- -1.03%
- 1M
- -22.03%
- YTD
- -32.49%
- 6M
- -32.23%
- 1Y
- -45.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YETH vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
YETH Roundhill Ether Covered Call Strategy ETF | -40.58% | -32.10% | 26.02% |
IBIT iShares Bitcoin Trust ETF | -32.49% | -6.41% | 60.86% |
Correlation
The correlation between YETH and IBIT 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 YETH and IBIT has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.
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Return for Risk
YETH vs. IBIT — Risk / Return Rank
YETH
IBIT
YETH vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Ether Covered Call Strategy ETF (YETH) and iShares Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.83 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | -0.86 | +0.25 |
| Martin ratioReturn relative to average drawdown | -1.06 | -1.47 | +0.41 |
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Drawdowns
YETH vs. IBIT - Drawdown Comparison
The maximum YETH drawdown since its inception was -64.41%, which is greater than IBIT's maximum drawdown of -52.98%. Use the drawdown chart below to compare losses from any high point for YETH and IBIT.
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Drawdown Indicators
| YETH | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.41% | -52.98% | -11.43% |
Max Drawdown (1Y)Largest decline over 1 year | -58.73% | -52.98% | -5.75% |
Current DrawdownCurrent decline from peak | -63.70% | -52.98% | -10.72% |
Average DrawdownAverage peak-to-trough decline | -31.87% | -16.97% | -14.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.71% | 30.94% | +2.77% |
Volatility
YETH vs. IBIT - Volatility Comparison
Roundhill Ether Covered Call Strategy ETF (YETH) has a higher volatility of 18.00% compared to iShares Bitcoin Trust ETF (IBIT) at 13.43%. This indicates that YETH's price experiences larger fluctuations and is considered to be riskier than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YETH | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.00% | 13.43% | +4.57% |
Volatility (6M)Calculated over the trailing 6-month period | 39.81% | 34.60% | +5.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.89% | 44.41% | +13.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.78% | 50.21% | +5.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.78% | 50.21% | +5.57% |
YETH vs. IBIT - Expense Ratio Comparison
YETH has a 0.95% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
YETH vs. IBIT - Dividend Comparison
YETH's dividend yield for the trailing twelve months is around 169.16%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% |
YETH Roundhill Ether Covered Call Strategy ETF | 169.16% | 109.12% | 20.52% |
Frequently Asked Questions
YETH and IBIT 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.
YETH has higher volatility (18.00%) compared to IBIT (13.43%). In terms of maximum drawdown, YETH dropped -64.41% vs IBIT's -52.98%.
On 1-year performance, YETH leads with -35.64% vs -45.30% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IBIT has been the lower-risk option at 13.43%. 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 -35.64% return vs -45.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.95% for YETH.
YETH has the higher dividend yield at 169.16%, compared with 0.00% for IBIT.
YETH is categorized as Derivative Income, while IBIT is Cryptocurrency. They also come from different issuers: Roundhill and iShares. Their fees differ too: 0.95% for YETH and 0.25% for IBIT.
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.
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