BITY vs. BTCI

Last updated Jun 4, 2026

BITY (Amplify Bitcoin 2% Monthly Option Income ETF) and BTCI (NEOS Bitcoin High Income ETF) are both exchange-traded funds - BITY is a Derivative Income fund actively managed by Amplify, while BTCI is a Cryptocurrency fund actively managed by Neos. Both are actively managed. Over the past year, BITY returned -37.35% vs -33.43% for BTCI. With a 0.98 correlation, they move nearly in lockstep. BITY charges 0.65%/yr vs 0.99%/yr for BTCI.

Performance

BITY vs. BTCI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Bitcoin 2% Monthly Option Income ETF (BITY) and NEOS Bitcoin High Income ETF (BTCI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with BITY having a -23.09% return and BTCI slightly higher at -22.74%.

BITY

• 1D: -2.61%
• 1M: -19.63%
• YTD: -23.09%
• 6M: -26.69%
• 1Y: -37.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTCI

• 1D: -2.56%
• 1M: -16.29%
• YTD: -22.74%
• 6M: -26.41%
• 1Y: -33.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BITY vs. BTCI - Yearly Performance Comparison

	2026 (YTD)	2025
BITY Amplify Bitcoin 2% Monthly Option Income ETF	-23.09%	-8.21%
BTCI NEOS Bitcoin High Income ETF	-22.74%	-4.13%

Correlation

The correlation between BITY and BTCI is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (All Time) Calculated using the full available price history since Apr 30, 2025	0.98

The correlation between BITY and BTCI has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.

Return for Risk

BITY vs. BTCI — Risk / Return Rank

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

BITY

BITY Risk / Return Rank: 2
BITY Sharpe Ratio Rank: 2
BITY Sortino Ratio Rank: 2
BITY Omega Ratio Rank: 2
BITY Calmar Ratio Rank: 2
BITY Martin Ratio Rank: 2

BTCI

BTCI Risk / Return Rank: 2
BTCI Sharpe Ratio Rank: 2
BTCI Sortino Ratio Rank: 2
BTCI Omega Ratio Rank: 2
BTCI Calmar Ratio Rank: 2
BTCI Martin Ratio Rank: 2

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.

BITY vs. BTCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Bitcoin 2% Monthly Option Income ETF (BITY) 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.

	BITY	BTCI	Difference
Sharpe ratio Return per unit of total volatility	-0.94	-0.86	-0.08
Sortino ratio Return per unit of downside risk	-1.30	-1.14	-0.16
Omega ratio Gain probability vs. loss probability	0.85	0.87	-0.01
Calmar ratio Return relative to maximum drawdown	-0.81	-0.75	-0.06
Martin ratio Return relative to average drawdown	-1.41	-1.34	-0.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BITY vs. BTCI - Sharpe Ratio Comparison

The current BITY Sharpe Ratio is -0.94, which is comparable to the BTCI Sharpe Ratio of -0.86. The chart below compares the historical Sharpe Ratios of BITY 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.

Sharpe Ratios by Period

	BITY	BTCI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.94	-0.86	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	-0.70	-0.03	-0.67

Drawdowns

BITY vs. BTCI - Drawdown Comparison

The maximum BITY drawdown since its inception was -46.36%, roughly equal to the maximum BTCI drawdown of -44.98%. Use the drawdown chart below to compare losses from any high point for BITY and BTCI.

Drawdown Indicators

	BITY	BTCI	Difference
Max Drawdown Largest peak-to-trough decline	-46.36%	-44.98%	-1.38%
Max Drawdown (1Y) Largest decline over 1 year	-46.36%	-44.98%	-1.38%
Current Drawdown Current decline from peak	-45.49%	-42.87%	-2.62%
Average Drawdown Average peak-to-trough decline	-19.67%	-15.18%	-4.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.48%	25.05%	+1.43%

Volatility

BITY vs. BTCI - Volatility Comparison

Amplify Bitcoin 2% Monthly Option Income ETF (BITY) has a higher volatility of 9.68% compared to NEOS Bitcoin High Income ETF (BTCI) at 8.35%. This indicates that BITY's price experiences larger fluctuations and is considered to be riskier than BTCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BITY	BTCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.68%	8.35%	+1.33%
Volatility (6M) Calculated over the trailing 6-month period	31.24%	30.94%	+0.30%
Volatility (1Y) Calculated over the trailing 1-year period	39.94%	38.93%	+1.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.02%	40.11%	-1.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.02%	40.11%	-1.09%

BITY vs. BTCI - Expense Ratio Comparison

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

Dividends

BITY vs. BTCI - Dividend Comparison

BITY's dividend yield for the trailing twelve months is around 39.66%, less than BTCI's 43.16% yield.

Position	TTM	2025	2024
BITY Amplify Bitcoin 2% Monthly Option Income ETF	39.66%	21.53%	0.00%
BTCI NEOS Bitcoin High Income ETF	43.16%	36.46%	6.76%

Frequently Asked Questions

Can I hold both BITY and BTCI in my portfolio?

With a correlation of 0.98, BITY and BTCI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BITY or BTCI?

BITY has higher volatility (9.68%) compared to BTCI (8.35%). In terms of maximum drawdown, BITY dropped -46.36% vs BTCI's -44.98%.

Which ETF is better, BITY or BTCI?

On 1-year performance, BTCI leads with -33.43% vs -37.35% for BITY. On fees, BITY is cheaper at 0.65% per year. On volatility, BTCI has been the lower-risk option at 8.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BITY or BTCI?

Over the 1-year period, BTCI has performed better with a -33.43% return vs -37.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BITY or BTCI?

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

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

BTCI has the higher dividend yield at 43.16%, compared with 39.66% for BITY.

What is the main difference between BITY and BTCI?

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

Which has better risk-adjusted returns?

BTCI currently has the higher Sharpe Ratio (-0.86 vs -0.94), 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.