Data as of .
BPI vs YBIT: which paid, and which earned it?
BPI and YBIT both write options for income.
What they hold in common
By the books each fund has filed, BPI and YBIT hold 37% of their money in the same securities at the same weight.
| Holding | BPI | YBIT |
|---|---|---|
| TREASURY BILL | 100.00% | 36.73% |
| Only in BPI | Only in YBIT |
|---|---|
| TREASURY BILL 32.22% | |
| TREASURY BILL 31.05% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Jun 30, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| BPI | YBIT | BPI | YBIT | BPI | YBIT | |
| 3 months | +26.6% | +23.6% | 4.0% | 13.3% | −2.5 pts | −5.7 pts |
| 6 months | not published | +10.8% | not published | 23.1% | not published | −4.9 pts |
| 1 year | not published | −28.7% | not published | 31.3% | not published | +2.3 pts |
| Since launch | +5.4% | −10.5% | 5.4% | 74.2% | −0.8 pts | −31.9 pts |
| BPI Grayscale Bitcoin Premium Income ETF Covered call on IBIT, paying monthly | YBIT YieldMax(R) Bitcoin Option Income Strategy ETF Synthetic covered call on IBIT, paying weekly | |
|---|---|---|
| Issuer | Grayscale | YieldMax |
| Strategy | covered call | synthetic covered call |
| Benchmark | Bitcoin (IBIT) | Bitcoin (IBIT) |
| Pays | monthly | weekly |
| Payout rate, annualized | 6.3% | 68.0% |
| Expense ratio | 0.65% | 1.02% |
| Cash paid, 1 year | 5.4% (since launch on Apr 30, 2026) | 31.3% |
| Price change, 1 year | −0.8% | −58.9% |
| Total return, 1 year | +5.4% (since launch on Apr 30, 2026) | −28.7% |
| Benchmark return, 1 year | +6.2% | −31.1% |
| Ahead or behind | −0.8 pts | +2.3 pts |
| Return of capital, latest estimate | not published | 0% |
| Age | 141 days | 878 days |
| Net assets | $3m | $61m |
BPI in plain words
Over the period since launch on Apr 30, 2026 to Sep 18, 2026, BPI paid 5.4% of its starting value in cash distributions while its price fell 0.8%. With every distribution reinvested, the fund returned +5.4%. Bitcoin (IBIT) returned +6.2% over the same days, so a holder was behind by 0.8 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 6.3%, paid monthly.
YBIT in plain words
Over the year to Sep 18, 2026, YBIT paid 31.3% of its starting value in cash distributions while its price fell 58.9%. With every distribution reinvested, the fund returned −28.7%. Bitcoin (IBIT) returned −31.1% over the same days, so a holder was ahead by 2.3 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 68.0%, paid weekly. YieldMax estimates that 0% of the distribution paid Sep 18, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which is cheaper, BPI or YBIT?
- BPI charges 0.65% a year and YBIT charges 1.02%, so BPI is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, BPI against YBIT, data as of Sep 18, 2026. https://etfiq.com/compare/income/bpi-vs-ybit Free to use with attribution; the underlying files are at Open data.