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 -31.39% vs -39.60% 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 -33.84% return, which is significantly lower than IBIT's -27.45% return.
YETH
- 1D
- -1.32%
- 1M
- -22.71%
- YTD
- -33.84%
- 6M
- -33.94%
- 1Y
- -31.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- -2.65%
- 1M
- -22.17%
- YTD
- -27.45%
- 6M
- -31.40%
- 1Y
- -39.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YETH vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
YETH Roundhill Ether Covered Call Strategy ETF | -33.84% | -32.10% | 24.84% |
IBIT iShares Bitcoin Trust ETF | -27.45% | -6.41% | 60.56% |
Correlation
The correlation between YETH and IBIT is 0.81, 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 | 0.81 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024 | 0.78 |
The correlation between YETH and IBIT has been stable across timeframes, ranging from 0.78 to 0.81 - 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.
| YETH | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.86 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | -0.80 | +0.24 |
| Martin ratioReturn relative to average drawdown | -1.01 | -1.39 | +0.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| YETH | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.55 | -0.91 | +0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.51 | 0.27 | -0.78 |
Drawdowns
YETH vs. IBIT - Drawdown Comparison
The maximum YETH drawdown since its inception was -61.73%, which is greater than IBIT's maximum drawdown of -49.47%. 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 | -61.73% | -49.47% | -12.26% |
Max Drawdown (1Y)Largest decline over 1 year | -55.63% | -49.47% | -6.16% |
Current DrawdownCurrent decline from peak | -59.58% | -49.47% | -10.11% |
Average DrawdownAverage peak-to-trough decline | -30.99% | -16.07% | -14.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.10% | 28.61% | +2.49% |
Volatility
YETH vs. IBIT - Volatility Comparison
Roundhill Ether Covered Call Strategy ETF (YETH) and iShares Bitcoin Trust ETF (IBIT) have volatilities of 9.35% and 9.14%, 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 | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.35% | 9.14% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 38.11% | 33.89% | +4.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.94% | 43.76% | +13.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.37% | 50.18% | +5.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.37% | 50.18% | +5.19% |
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 144.02%, 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 | 144.02% | 109.12% | 20.52% |
Frequently Asked Questions
YETH and IBIT have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YETH has higher volatility (9.35%) compared to IBIT (9.14%). In terms of maximum drawdown, YETH dropped -61.73% vs IBIT's -49.47%.
On 1-year performance, YETH leads with -31.39% vs -39.60% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IBIT has been the lower-risk option at 9.14%. 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 -31.39% return vs -39.60%. 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 144.02%, 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 (-0.55 vs -0.91), 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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