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 91 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% | — | Apr 2026 | NEHI vs MSBT | |
| Grayscale Ethereum Staking Mini ETF | 0.15% | 1.87B | Jul 2024 | NEHI vs ETH | |
| Grayscale Bitcoin Mini Trust ETF | 0.15% | 3.89B | Jul 2024 | NEHI vs BTC | |
| Franklin Bitcoin ETF | 0.19% | 426.34M | Jan 2024 | NEHI vs EZBC | |
| Franklin Ethereum ETF | 0.19% | 41.19M | Jul 2024 | NEHI vs EZET |
Best Risk-Adjusted Alternatives to NEHI
Among 63 ETFs in the Cryptocurrency category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 92.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Grayscale Zcash Trust (ZEC) | 92 | — | Oct 2017 | NEHI vs ZCSH | |
| Valkyrie Bitcoin Miners ETF | 79 | 395.17M | Feb 2022 | NEHI vs WGMI | |
| iShares Blockchain and Tech ETF | 33 | 102.76M | Apr 2022 | NEHI vs IBLC | |
| REX Crypto Equity Premium Income ETF | 32 | — | Dec 2024 | NEHI vs CEPI | |
| ProShares Shrt Bitcoin ETF | 30 | 177.35M | Jun 2022 | NEHI vs BITI |
Top Performing NEHI Alternatives (YTD)
NEHI is at -35.82% YTD. There are 69 ETFs in the Cryptocurrency category with higher YTD returns, going as high as 84.78%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Valkyrie Bitcoin Miners ETF | 84.78% | 395.17M | Feb 2022 | NEHI vs WGMI | |
| ProShares UltraShort Ether ETF | 63.80% | 91.08M | Jun 2024 | NEHI vs ETHD | |
| Grayscale Zcash Trust (ZEC) | 41.32% | — | Oct 2017 | NEHI vs ZCSH | |
| ProShares Short Ether Strategy ETF | 40.93% | 20.06M | Nov 2023 | NEHI vs SETH | |
| Proshares Ultrashort Bitcoin ETF | 37.02% | 203.71M | Apr 2024 | NEHI vs SBIT |
Lowest Volatility Alternatives to NEHI
NEHI has 57.40% 1-year volatility. There are 56 ETFs in the Cryptocurrency category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ARK 21Shares Active Bitcoin Ethereum Strategy ETF | 0.00% | 3.59M | Nov 2023 | NEHI vs ARKY | |
| Calamos Bitcoin Structured Alt Protection ETF - Oc... | 2.14% | — | Oct 2025 | NEHI vs CBOO | |
| Calamos Laddered Bitcoin 90 Series Structured Alt ... | 3.88% | — | Oct 2025 | NEHI vs CBOL | |
| Calamos Bitcoin 90 Series Structured Alt Protectio... | 7.23% | — | Oct 2025 | NEHI vs CBXO | |
| FT Vest Bitcoin Strategy Floor15 ETF - October | 12.61% | 7.66M | Sep 2025 | NEHI vs BFOC |
Lowest Drawdown Alternatives to NEHI
Among 63 ETFs in the Cryptocurrency category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -7.63%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Horizon Kinetics Blockchain Development ETF | -7.63% | 22.49M | Aug 2022 | NEHI vs BCDF | |
| REX Crypto Equity Premium Income ETF | -22.47% | — | Dec 2024 | NEHI vs CEPI | |
| ProShares Shrt Bitcoin ETF | -25.28% | 177.35M | Jun 2022 | NEHI vs BITI | |
| Global X Bitcoin Trend Strategy ETF | -25.29% | 1.60M | Mar 2024 | NEHI vs BTRN | |
| Bitwise Bitcoin Strategy Optimum Roll ETF | -26.51% | 17.91M | Mar 2023 | NEHI vs BITC |
Other ETFs from Neos
The 10 most viewed Neos ETFs shown here include QQQI, SPYI, BTCI and span 8 categories. AUM among these funds goes as high as $12B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| NEOS Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income | 68 | 13.43% | 12.25B | Jan 2024 | NEHI vs QQQI | |
| NEOS S&P 500 High Income ETF | Derivative Income, S&P 500 | 71 | 7.72% | 10.07B | Aug 2022 | NEHI vs SPYI | |
| NEOS Bitcoin High Income ETF | Cryptocurrency, Derivative Income | 2 | -22.74% | 1.24B | Oct 2024 | NEHI vs BTCI | |
| NEOS Gold High Income ETF | Derivative Income, Gold | — | 1.64% | 462.95M | Jun 2025 | NEHI vs IAUI | |
| NEOS Russell 2000 High Income ETF | Derivative Income | 73 | 13.36% | 906.31M | Jun 2024 | NEHI vs IWMI | |
| Neos Enhanced Income Cash Alternative ETF | Ultrashort Bond | 99 | 2.26% | 1.28B | Aug 2022 | NEHI vs CSHI | |
| NEOS Nasdaq-100 Hedged Equity Income ETF | Nasdaq-100, Hedge Fund | 62 | 7.91% | 375.87M | Dec 2019 | NEHI vs QQQH | |
| NEOS Real Estate High Income ETF | Derivative Income | 23 | 4.08% | 272.46M | Jan 2025 | NEHI vs IYRI | |
| Neos MLP & Energy Infrastructure High Income ETF | Energy Equities | — | 17.58% | 643.40M | Dec 2025 | NEHI vs MLPI | |
| NEOS MSCI EAFE High Income ETF | Derivative Income | — | 5.84% | 166.96M | Sep 2025 | NEHI vs NIHI |
Often Compared With NEHI
Investors most often compare NEHI with ETHA, YETH, SLJY. These 20 comparison targets span 9 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