AIPI vs. BTCI

Last updated Jun 16, 2026

AIPI (REX AI Equity Premium Income ETF) and BTCI (NEOS Bitcoin High Income ETF) are both exchange-traded funds - AIPI is a Derivative Income fund actively managed by REX, while BTCI is a Cryptocurrency fund actively managed by Neos. Both are actively managed. Over the past year, AIPI returned 25.40% vs -31.68% for BTCI. At a 0.44 correlation, their price movements are largely independent. AIPI charges 0.65%/yr vs 0.99%/yr for BTCI.

Performance

AIPI vs. BTCI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX AI Equity Premium Income ETF (AIPI) and NEOS Bitcoin High Income ETF (BTCI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIPI achieves a 8.88% return, which is significantly higher than BTCI's -21.19% return.

AIPI

• 1D: 1.85%
• 1M: 4.37%
• YTD: 8.88%
• 6M: 9.58%
• 1Y: 25.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTCI

• 1D: 4.45%
• 1M: -14.41%
• YTD: -21.19%
• 6M: -19.55%
• 1Y: -31.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIPI vs. BTCI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AIPI REX AI Equity Premium Income ETF	8.88%	16.38%	4.55%
BTCI NEOS Bitcoin High Income ETF	-21.19%	-1.09%	26.12%

Correlation

The correlation between AIPI and BTCI is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since Oct 17, 2024	0.44

Return for Risk

AIPI vs. BTCI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIPI

AIPI Risk / Return Rank: 44
AIPI Sharpe Ratio Rank: 50
AIPI Sortino Ratio Rank: 45
AIPI Omega Ratio Rank: 49
AIPI Calmar Ratio Rank: 39
AIPI Martin Ratio Rank: 38

BTCI

BTCI Risk / Return Rank: 3
BTCI Sharpe Ratio Rank: 3
BTCI Sortino Ratio Rank: 3
BTCI Omega Ratio Rank: 3
BTCI Calmar Ratio Rank: 4
BTCI Martin Ratio Rank: 3

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIPI vs. BTCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX AI Equity Premium Income ETF (AIPI) and NEOS Bitcoin High Income ETF (BTCI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AIPI	BTCI	Difference
Sharpe ratio: Return per unit of total volatility	1.55	-0.80	+2.35
Sortino ratio: Return per unit of downside risk	2.06	-1.03	+3.08
Omega ratio: Gain probability vs. loss probability	1.28	0.88	+0.40
Calmar ratio: Return relative to maximum drawdown	1.77	-0.67	+2.45
Martin ratio: Return relative to average drawdown	5.45	-1.21	+6.66

AIPI vs. BTCI - Sharpe Ratio Comparison

The current AIPI Sharpe Ratio is 1.55, which is higher than the BTCI Sharpe Ratio of -0.80. The chart below compares the historical Sharpe Ratios of AIPI and BTCI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AIPI vs. BTCI - Drawdown Comparison

The maximum AIPI drawdown since its inception was -25.25%, smaller than the maximum BTCI drawdown of -47.16%. Use the drawdown chart below to compare losses from any high point for AIPI and BTCI.

Drawdown Indicators

	AIPI	BTCI	Difference
Max Drawdown Largest peak-to-trough decline	-25.25%	-47.16%	+21.91%
Max Drawdown (1Y) Largest decline over 1 year	-14.40%	-47.16%	+32.76%
Current Drawdown Current decline from peak	-2.42%	-41.72%	+39.30%
Average Drawdown Average peak-to-trough decline	-4.63%	-15.72%	+11.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.67%	26.28%	-21.61%

Volatility

AIPI vs. BTCI - Volatility Comparison

The current volatility for REX AI Equity Premium Income ETF (AIPI) is 5.42%, while NEOS Bitcoin High Income ETF (BTCI) has a volatility of 12.19%. This indicates that AIPI experiences smaller price fluctuations and is considered to be less risky than BTCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIPI	BTCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.42%	12.19%	-6.77%
Volatility (6M) Calculated over the trailing 6-month period	13.65%	31.46%	-17.81%
Volatility (1Y) Calculated over the trailing 1-year period	16.48%	39.73%	-23.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.44%	40.37%	-18.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.44%	40.37%	-18.93%

AIPI vs. BTCI - Expense Ratio Comparison

AIPI has a 0.65% expense ratio, which is lower than BTCI's 0.99% expense ratio.

Dividends

AIPI vs. BTCI - Dividend Comparison

AIPI's dividend yield for the trailing twelve months is around 36.29%, less than BTCI's 42.31% yield.

Position	TTM	2025	2024
AIPI REX AI Equity Premium Income ETF	36.29%	37.84%	18.13%
BTCI NEOS Bitcoin High Income ETF	42.31%	36.46%	6.76%

Frequently Asked Questions

Can I hold both AIPI and BTCI in my portfolio?

AIPI and BTCI have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AIPI or BTCI?

BTCI has higher volatility (12.19%) compared to AIPI (5.42%). In terms of maximum drawdown, AIPI dropped -25.25% vs BTCI's -47.16%.

Which ETF is better, AIPI or BTCI?

On 1-year performance, AIPI leads with 25.40% vs -31.68% for BTCI. On fees, AIPI is cheaper at 0.65% per year. On volatility, AIPI has been the lower-risk option at 5.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AIPI or BTCI?

Over the 1-year period, AIPI has performed better with a 25.40% return vs -31.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AIPI or BTCI?

AIPI is cheaper with a 0.65% expense ratio, compared with 0.99% for BTCI.

Which ETF pays a higher dividend yield, AIPI or BTCI?

BTCI has the higher dividend yield at 42.31%, compared with 36.29% for AIPI.

What is the main difference between AIPI and BTCI?

AIPI is categorized as Derivative Income, while BTCI is Cryptocurrency. They also come from different issuers: REX and Neos. Their fees differ too: 0.65% for AIPI and 0.99% for BTCI.

Which has better risk-adjusted returns?

AIPI currently has the higher Sharpe Ratio (1.55 vs -0.80), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.