Correlation
The correlation between YETH and IBIT is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
YETH vs. IBIT
Compare and contrast key facts about Roundhill Ether Covered Call Strategy ETF (YETH) and iShares Bitcoin Trust (IBIT).
YETH and IBIT 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. IBIT is a passively managed fund by iShares that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 5, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: YETH or IBIT.
Performance
YETH vs. IBIT - Performance Comparison
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Key characteristics
YETH:
53.38%
IBIT:
53.01%
YETH:
-53.07%
IBIT:
-28.22%
YETH:
-43.15%
IBIT:
-5.96%
Returns By Period
In the year-to-date period, YETH achieves a -36.81% return, which is significantly lower than IBIT's 12.08% return.
YETH
-36.81%
4.36%
-37.40%
N/A
N/A
N/A
N/A
IBIT
12.08%
8.21%
7.70%
54.24%
N/A
N/A
N/A
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YETH vs. IBIT - Expense Ratio Comparison
YETH has a 0.95% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Risk-Adjusted Performance
YETH vs. IBIT — Risk-Adjusted Performance Rank
YETH
IBIT
YETH vs. IBIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Ether Covered Call Strategy ETF (YETH) and iShares Bitcoin Trust (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.
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Dividends
YETH vs. IBIT - Dividend Comparison
YETH's dividend yield for the trailing twelve months is around 81.47%, while IBIT has not paid dividends to shareholders.
| TTM | 2024 | |
|---|---|---|
YETH Roundhill Ether Covered Call Strategy ETF | 81.47% | 20.52% |
IBIT iShares Bitcoin Trust | 0.00% | 0.00% |
Drawdowns
YETH vs. IBIT - Drawdown Comparison
The maximum YETH drawdown since its inception was -53.07%, which is greater than IBIT's maximum drawdown of -28.22%. Use the drawdown chart below to compare losses from any high point for YETH and IBIT.
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Volatility
YETH vs. IBIT - Volatility Comparison
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