BTF vs VYM
CoinShares Bitcoin and Ether ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | BTF | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 1.27% | 0.04% | |
| AUM | $14M | $79.0B | |
| Dividend Yield | 247.08% | 2.86% | |
| Holdings | 5 | 568 | |
| YTD Return | -35.49% | +15.80% | |
| 1Y Return | -49.98% | +26.12% | |
| 3Y Return (annualized) | +10.42% | +18.25% | |
| 5Y Return (annualized) | - | +12.51% | |
| Volatility (annualized) | 59.7% | 14.6% | |
| Max Drawdown | -77.5% | -58.8% | |
| Fund Family | Valkyrie Funds | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Oct 21, 2021 | Nov 10, 2006 |
BTF vs VYM Performance
CoinShares Bitcoin and Ether ETF (BTF) is a ETF from Valkyrie Funds and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year BTF returned -49.98% while VYM returned +26.12%. Year to date, BTF is down 35.49% versus a gain of 15.80% for VYM.
Over three years, BTF compounded at +10.42% per year against +18.25% for VYM. Across the full 5-year window we track, VYM has the edge at +7.07% annualized vs -9.13%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BTF has been the more volatile fund, with annualized monthly volatility of 59.7% compared with 14.6% for VYM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -77.5% for BTF and -58.8% for VYM. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.29. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BTF charges 1.27% per year while VYM charges 0.04%. On a $10,000 position that is $127 vs $4 annually, a gap of $123 per year that compounds over a long holding period. On income, BTF currently yields 247.08% against 2.86% for VYM.
Holdings Overlap
BTF and VYM share 0 holdings out of 559 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BTF or VYM?
BTF has an expense ratio of 1.27% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $123 per year of difference.
Which performed better, BTF or VYM?
Over the past year BTF returned -49.98% vs +26.12% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (5 years), BTF annualized -9.13% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, BTF or VYM?
BTF has been the more volatile fund at 59.7% annualized versus 14.6% for VYM. Worst drawdown: BTF -77.5% vs VYM -58.8%.
Should I hold both BTF and VYM?
BTF and VYM have a monthly-return correlation of 0.29, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BTF and VYM?
BTF and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 559 unique securities.
Which pays a higher dividend, BTF or VYM?
BTF yields 247.08% while VYM yields 2.86%, so BTF currently pays the higher dividend yield.
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