A head-to-head comparison of YieldMax COIN Option Income Strategy ETF and YieldMax Bitcoin Option Income Strategy ETF covering yield, cost, risk, and income potential.
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YieldMax is known for specializing in options-based and income-focused ETFs that emphasize yield generation through covered call strategies and other income-producing methodologies. The firm operates a diverse lineup of 63 funds organized across multiple families including covered call strategies, 0DTE (zero days to expiration) options, double distribution approaches, and various target-date and performance-based portfolios designed to generate regular distributions. Notable offerings span popular underlying assets like major technology stocks and broad market indices, with a particular emphasis on providing enhanced income solutions for investors seeking regular cash flows through options strategies and other tactical approaches.
See our curated list of related YouTube videos on CONY and YBIT.
Bottom lineChoose CONY if you want to maximize current income — roughly 73.91%, generated by selling options premium. Choose YBIT if you want crypto exposure that pays you along the way, not just price gains. There's no free lunch: CONY's payout comes from selling options, which caps upside and can erode the share price over time, while YBIT keeps full price exposure.
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Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
CONY has lagged YBIT over the trailing twelve months, posting a -58.14% total return against -40.05%. Measured from Apr 2024 — when the younger fund began trading — YBIT has compounded at -14.15% a year versus -29.50% for CONY. YBIT has been the steadier holding, though — annualized volatility of 37.2% against 58.1% for CONY. Figures are total returns: price change plus every distribution reinvested.
Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 10, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Apr 2024” measures every fund from April 23, 2024 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the past year. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the past year) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Quick verdict
CONY (YieldMax COIN Option Income Strategy ETF) and YBIT (YieldMax Bitcoin Option Income Strategy ETF) are both weekly-pay dividend ETFs, but they take different approaches.
CONY offers the higher yield at 73.91% vs 47.22% for YBIT. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
YBIT is cheaper with an expense ratio of 0.99% compared to 1.01%.
They track different benchmarks: CONY is linked to Coinbase (COIN) while YBIT tracks Bitcoin, which means their performance drivers differ.
CONY is the larger fund by assets ($361M), which generally means tighter spreads and better liquidity.
Who should choose each?
Choose CONY
YieldMax COIN Option Income Strategy ETF
Want to maximize current income — CONY distributes roughly 73.91% from selling options premium, vs 47.22% for YBIT.
Are comfortable with an options-income strategy — a large payout in exchange for capped upside.
Choose YBIT
YieldMax Bitcoin Option Income Strategy ETF
Want crypto exposure that pays income rather than waiting on price alone.
Want to keep costs low — a 0.99% expense ratio vs 1.01% for CONY.
Prefer lower volatility — a beta of 1.5 vs 2.8 for CONY.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
Deep dive
Yield & income
On a $10,000 investment, CONY would generate roughly $615.92/month, while YBIT would produce $393.50/month, at current distribution rates. Both pay weekly distributions.
CONY yield73.91%
YBIT yield47.22%
Monthly diff on $10K$222.42
Cost & efficiency
Over 10 years on $10,000, CONY would cost approximately $1,010 in fees vs $990 for YBIT (simplified, not compounded). The $20.00 difference may be offset by yield or performance.
CONY ER1.01%
YBIT ER0.99%
Strategy & risk
CONY tracks Coinbase (COIN) with a covered call approach, while YBIT tracks Bitcoin with a covered call approach. Beta is 2.8303 for CONY and 1.5424 for YBIT, indicating YBIT is less volatile relative to the market.
CONY beta2.8303
YBIT beta1.5424
Fund details
CONY is managed by YieldMax (launched 05/09/2023) with $361M in assets. YBIT is managed by YieldMax (launched 07/18/2023) with $46.7M in assets.
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Frequently asked questions
Is CONY or YBIT better for dividend income?
It depends on your goals. CONY currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between CONY and YBIT?
CONY (YieldMax COIN Option Income Strategy ETF) tracks Coinbase (COIN) with a covered call approach, while YBIT (YieldMax Bitcoin Option Income Strategy ETF) tracks Bitcoin with a covered call approach. They are issued by YieldMax and YieldMax respectively.
Can I hold both CONY and YBIT?
Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Which has lower fees, CONY or YBIT?
CONY has an expense ratio of 1.01% while YBIT charges 0.99%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in CONY vs YBIT generate?
At current rates, $10,000 in CONY would generate roughly $615.92 per month ($7,391.00 annually). The same in YBIT would produce about $393.50 per month ($4,722.00 annually).
Which has performed better historically, CONY or YBIT?
CONY has lagged YBIT over the trailing twelve months, posting a -58.14% total return against -40.05%. Measured from Apr 2024 — when the younger fund began trading — YBIT has compounded at -14.15% a year versus -29.50% for CONY. YBIT has been the steadier holding, though — annualized volatility of 37.2% against 58.1% for CONY. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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