Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

ETCO vs YBIT: which paid, and which earned it?

Over the year ETCO paid 35.2% of its price in cash against YBIT’s 31.3%, though YBIT returned more with it reinvested.

Grayscale Ethereum Covered Call ETF and YieldMax(R) Bitcoin Option Income Strategy ETF.

35.2%ETCO cash paid, 1 year
31.3%YBIT cash paid, 1 year
−47.4%ETCO total return, 1 year
−28.7%YBIT total return, 1 year

ETFIQ Return Stability Score: YBIT scores higher

Was the payout funded by returns, or by your own capital?

ETCO 23.1YBIT 44.53.8, the lowest in this set96.8, the highest

A percentile among the 173 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed

ETCO4.8 pts behind ETHA · 1 year to Sep 18, 2026
ETHA−42.6%ETCO−47.4%4.8 pts behind ETHATotal return, distributions reinvestedETHA−42.6%ETCO−47.4%4.8 pts behind ETHA
YBIT2.3 pts ahead of IBIT · 1 year to Sep 18, 2026
IBIT−31.1%YBIT−28.7%2.3 pts ahead of IBITTotal return, distributions reinvestedIBIT−31.1%YBIT−28.7%2.3 pts ahead of IBIT

What they hold in common

By the books each fund has filed, ETCO and YBIT hold 37% of their money in the same securities at the same weight.

Positions ETCO and YBIT both hold, largest shared weight first
HoldingETCOYBIT
TREASURY BILL100.00%36.73%
Only in each
Only in ETCOOnly 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

ETCO and YBIT over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnCash paidAgainst the benchmark
ETCOYBITETCOYBITETCOYBIT
3 months+18.4%+23.6%11.7%13.3%−36.3 pts−5.7 pts
6 months−1.3%+10.8%22.6%23.1%−25.1 pts−4.9 pts
1 year−47.4%−28.7%35.2%31.3%−4.8 pts+2.3 pts
Since launch−43.1%−10.5%38.1%74.2%−4.7 pts−31.9 pts
Open the live comparison on ETFIQ
ETCO and YBIT on the same fields, as of Sep 18, 2026. Source: ETFIQ.
ETCO
Grayscale Ethereum Covered Call ETF
Covered call on ETHA, paying monthly
YBIT
YieldMax(R) Bitcoin Option Income Strategy ETF
Synthetic covered call on IBIT, paying weekly
IssuerGrayscaleYieldMax
Strategycovered callsynthetic covered call
BenchmarkEther (ETHA)Bitcoin (IBIT)
Paysmonthlyweekly
Payout rate, annualized19.8%68.0%
Expense ratio0.65%1.02%
Cash paid, 1 year35.2%31.3%
Price change, 1 year−75.5%−58.9%
Total return, 1 year−47.4%−28.7%
Benchmark return, 1 year−42.6%−31.1%
Ahead or behind−4.8 pts+2.3 pts
Return of capital, latest estimatenot published0%
Age379 days878 days
Net assets$4m$61m

ETCO in plain words

Over the year to Sep 18, 2026, ETCO paid 35.2% of its starting value in cash distributions while its price fell 75.5%. With every distribution reinvested, the fund returned −47.4%. Ether (ETHA) returned −42.6% over the same days, so a holder was behind by 4.8 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 19.8%, 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 paid more, ETCO or YBIT?
Over the year to Sep 18, 2026, ETCO paid 35.2% of its starting price in cash and YBIT paid 31.3%, so ETCO paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, ETCO or YBIT?
With every distribution reinvested, ETCO returned −47.4% and YBIT returned −28.7% over the year to Sep 18, 2026, so YBIT returned more.
Which is cheaper, ETCO or YBIT?
ETCO charges 0.65% a year and YBIT charges 1.02%, so ETCO 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.

ETCO against YBIT, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, ETCO against YBIT, data as of Sep 18, 2026. https://etfiq.com/compare/income/etco-vs-ybit Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources