NEOS Ethereum High Income ETF (NEHI) belongs to the Cryptocurrency category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with NEHI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NEHI
NEHI charges 0.98% annually. There are 107 ETFs in the Cryptocurrency category with lower expense ratios, going as low as 0.14%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Morgan Stanley Bitcoin Trust | 0.14% | 392.19M | Apr 2026 | NEHI vs MSBT | |
| Grayscale Ethereum Staking Mini ETF | 0.15% | 1.57B | Jul 2024 | NEHI vs ETH | |
| Grayscale Bitcoin Mini Trust ETF | 0.15% | 3.71B | Jul 2024 | NEHI vs BTC | |
| Franklin Bitcoin ETF | 0.19% | 354.69M | Jan 2024 | NEHI vs EZBC | |
| Franklin Crypto Index ETF | 0.19% | 14.11M | Feb 2025 | NEHI vs EZPZ |
Best Risk-Adjusted Alternatives to NEHI
Among 78 ETFs in the Cryptocurrency category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Grayscale Zcash Trust (ZEC) | 96 | — | Oct 2017 | NEHI vs ZCSH | |
| CoinShares Bitcoin Miners ETF | 62 | 240.40M | Feb 2022 | NEHI vs WGMI | |
| ProShares Short Bitcoin ETF | 51 | 129.73M | Jun 2022 | NEHI vs BITI | |
| Proshares Ultrashort Bitcoin ETF | 45 | 176.54M | Apr 2024 | NEHI vs SBIT | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 40 | — | Jul 2024 | NEHI vs BTCZ |
Top Performing NEHI Alternatives (YTD)
NEHI is at -34.62% YTD. There are 59 ETFs in the Cryptocurrency category with higher YTD returns, going as high as 43.06%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| CoinShares Bitcoin Miners ETF | 43.06% | 240.40M | Feb 2022 | NEHI vs WGMI | |
| Proshares Ultrashort Bitcoin ETF | 35.42% | 176.54M | Apr 2024 | NEHI vs SBIT | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 30.29% | — | Jul 2024 | NEHI vs BTCZ | |
| ProShares Short Ether Strategy ETF | 29.49% | 16.03M | Nov 2023 | NEHI vs SETH | |
| ProShares UltraShort Ether ETF | 29.04% | 60.61M | Jun 2024 | NEHI vs ETHD |
Lowest Volatility Alternatives to NEHI
NEHI has 56.49% 1-year volatility. There are 62 ETFs in the Cryptocurrency category with lower 1-year volatility, going as low as 1.95%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Bitcoin Structured Alt Protection ETF - Oc... | 1.95% | — | Oct 2025 | NEHI vs CBOO | |
| Calamos Laddered Bitcoin 90 Series Structured Alt ... | 3.65% | — | Oct 2025 | NEHI vs CBOL | |
| Calamos Bitcoin 90 Series Structured Alt Protectio... | 6.48% | — | Oct 2025 | NEHI vs CBXO | |
| Calamos Bitcoin 80 Series Structured Alt Protectio... | 11.54% | — | Oct 2025 | NEHI vs CBTO | |
| FT Vest Bitcoin Strategy Floor15 ETF - October | 11.69% | 7.65M | Sep 2025 | NEHI vs BFOC |
Lowest Drawdown Alternatives to NEHI
Among 78 ETFs in the Cryptocurrency category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -14.02%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Horizon Kinetics Blockchain Development ETF | -14.02% | 23.25M | Aug 2022 | NEHI vs BCDF | |
| FT Vest Bitcoin Strategy Floor15 ETF - July | -21.27% | 3.44M | Jun 2025 | NEHI vs BFJL | |
| REX Crypto Equity Premium Income ETF | -22.47% | 111.94M | Dec 2024 | NEHI vs CEPI | |
| ProShares Short Bitcoin ETF | -25.28% | 129.73M | Jun 2022 | NEHI vs BITI | |
| Global X Bitcoin Trend Strategy ETF | -25.73% | 735.02K | Mar 2024 | NEHI vs BTRN |
Other ETFs from Neos
The 10 most viewed Neos ETFs shown here include QQQI, SPYI, BTCI and span 14 categories. AUM among these funds goes as high as $13B.
Often Compared With NEHI
Investors most often compare NEHI with YETH, ETHA, SLJY. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare NEHI with Any Fund or Stock
Compare NEHI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NEHI with funds that move differently
NEOS Ethereum High Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NEHI.
Explore NEHI Diversifiers