BITK vs. EIPI
BITK (Tuttle Capital Bitcoin 0DTE Covered Call ETF) and EIPI (FT Energy Income Partners Enhanced Income ETF) are both Derivative Income funds. Both are actively managed. At a 0.11 correlation, their price movements are largely independent. BITK charges 0.99%/yr vs 1.11%/yr for EIPI.
Performance
BITK vs. EIPI - Performance Comparison
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Returns By Period
In the year-to-date period, BITK achieves a -28.68% return, which is significantly lower than EIPI's 14.55% return.
BITK
- 1D
- -2.66%
- 1M
- -17.17%
- YTD
- -28.68%
- 6M
- -34.18%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EIPI
- 1D
- 0.05%
- 1M
- -2.14%
- YTD
- 14.55%
- 6M
- 13.67%
- 1Y
- 21.45%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITK vs. EIPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BITK Tuttle Capital Bitcoin 0DTE Covered Call ETF | -28.68% | -27.10% |
EIPI FT Energy Income Partners Enhanced Income ETF | 14.55% | 2.07% |
Correlation
The correlation between BITK and EIPI is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 25, 2025 | 0.11 |
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Return for Risk
BITK vs. EIPI — Risk / Return Rank
BITK
EIPI
BITK vs. EIPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tuttle Capital Bitcoin 0DTE Covered Call ETF (BITK) and FT Energy Income Partners Enhanced Income ETF (EIPI). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| BITK | EIPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.26 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.24 | 1.52 | -2.76 |
Drawdowns
BITK vs. EIPI - Drawdown Comparison
The maximum BITK drawdown since its inception was -53.08%, which is greater than EIPI's maximum drawdown of -12.33%. Use the drawdown chart below to compare losses from any high point for BITK and EIPI.
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Drawdown Indicators
| BITK | EIPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.08% | -12.33% | -40.75% |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.00% | — |
Current DrawdownCurrent decline from peak | -52.63% | -2.62% | -50.01% |
Average DrawdownAverage peak-to-trough decline | -34.87% | -1.67% | -33.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.32% | — |
Volatility
BITK vs. EIPI - Volatility Comparison
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Volatility by Period
| BITK | EIPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.59% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.30% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 49.59% | 9.55% | +40.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.59% | 13.08% | +36.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.59% | 13.08% | +36.51% |
BITK vs. EIPI - Expense Ratio Comparison
BITK has a 0.99% expense ratio, which is lower than EIPI's 1.11% expense ratio.
Dividends
BITK vs. EIPI - Dividend Comparison
BITK's dividend yield for the trailing twelve months is around 44.82%, more than EIPI's 6.78% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BITK Tuttle Capital Bitcoin 0DTE Covered Call ETF | 44.82% | 23.15% | 0.00% |
EIPI FT Energy Income Partners Enhanced Income ETF | 6.78% | 9.71% | 6.31% |
Frequently Asked Questions
BITK and EIPI have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BITK is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BITK is cheaper with a 0.99% expense ratio, compared with 1.11% for EIPI.
BITK has the higher dividend yield at 44.82%, compared with 6.78% for EIPI.
They also come from different issuers: Tuttle Capital Management and First Trust. Their fees differ too: 0.99% for BITK and 1.11% for EIPI.
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