BPI vs. HOII

Last updated Jun 30, 2026

BPI (Grayscale Bitcoin Premium Income ETF) and HOII (REX HOOD Growth & Income ETF) are both Derivative Income funds. Both are actively managed. At a 0.41 correlation, their price movements are largely independent. BPI charges 0.65%/yr vs 0.99%/yr for HOII.

Performance

BPI vs. HOII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Bitcoin Premium Income ETF (BPI) and REX HOOD Growth & Income ETF (HOII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BPI

• 1D: 1.02%
• 1M: -17.13%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOII

• 1D: 0.00%
• 1M: 24,595.54%
• YTD: 19,132.59%
• 6M: 18,335.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BPI vs. HOII - Yearly Performance Comparison

	2026 (YTD)
BPI Grayscale Bitcoin Premium Income ETF	-19.78%
HOII REX HOOD Growth & Income ETF	31,505.17%

Correlation

The correlation between BPI and HOII is 0.41, 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 Apr 30, 2026	0.41

Return for Risk

BPI vs. HOII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Bitcoin Premium Income ETF (BPI) and REX HOOD Growth & Income ETF (HOII). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

BPI vs. HOII - Drawdown Comparison

The maximum BPI drawdown since its inception was -26.45%, smaller than the maximum HOII drawdown of -55.38%. Use the drawdown chart below to compare losses from any high point for BPI and HOII.

Drawdown Indicators

	BPI	HOII	Difference
Max Drawdown Largest peak-to-trough decline	-26.45%	-55.38%	+28.93%
Current Drawdown Current decline from peak	-25.06%	0.00%	-25.06%
Average Drawdown Average peak-to-trough decline	-12.33%	-36.68%	+24.35%

Volatility

Volatility by Period

	BPI	HOII	Difference
Volatility (1Y) Calculated over the trailing 1-year period	37.13%	34,045.59%	-34,008.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.13%	34,045.59%	-34,008.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.13%	34,045.59%	-34,008.46%

BPI vs. HOII - Expense Ratio Comparison

BPI has a 0.65% expense ratio, which is lower than HOII's 0.99% expense ratio.

Dividends

BPI vs. HOII - Dividend Comparison

BPI's dividend yield for the trailing twelve months is around 3.52%, less than HOII's 120.87% yield.

Position	TTM	2025
BPI Grayscale Bitcoin Premium Income ETF	3.52%	0.00%
HOII REX HOOD Growth & Income ETF	120.87%	4.41%

Frequently Asked Questions

Can I hold both BPI and HOII in my portfolio?

BPI and HOII have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BPI or HOII?

On fees, BPI is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BPI or HOII?

BPI is cheaper with a 0.65% expense ratio, compared with 0.99% for HOII.

Which ETF pays a higher dividend yield, BPI or HOII?

HOII has the higher dividend yield at 120.87%, compared with 3.52% for BPI.

What is the main difference between BPI and HOII?

They also come from different issuers: Grayscale and REX. Their fees differ too: 0.65% for BPI and 0.99% for HOII.