BTC vs. XBCI

Last updated Aug 5, 2026

BTC (Grayscale Bitcoin Mini Trust ETF) and XBCI (NEOS Boosted Bitcoin High Income ETF) are both Cryptocurrency funds. Both are actively managed. Their 0.99 correlation means they have historically moved very closely together. BTC charges 0.15%/yr vs 0.98%/yr for XBCI.

Performance

BTC vs. XBCI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Bitcoin Mini Trust ETF (BTC) and NEOS Boosted Bitcoin High Income ETF (XBCI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BTC

• 1D: 0.60%
• 1M: 4.49%
• 6M: -15.95%
• YTD: -26.67%
• 1Y: -44.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -1.87%

XBCI

• 1D: 0.81%
• 1M: 6.55%
• 6M: -19.89%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BTC Grayscale Bitcoin Mini Trust ETF	$39.83M	$40.30M	$54.51M
XBCI NEOS Boosted Bitcoin High Income ETF	$4.08M	$3.68M	$5.22M

BTC vs. XBCI - Yearly Performance Comparison

	2026 (YTD)
BTC Grayscale Bitcoin Mini Trust ETF	-17.66%
XBCI NEOS Boosted Bitcoin High Income ETF	-20.92%

Correlation

The correlation between BTC and XBCI is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 3, 2026	0.99

Return for Risk

BTC vs. XBCI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BTC

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

XBCI

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BTC vs. XBCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Bitcoin Mini Trust ETF (BTC) and NEOS Boosted Bitcoin High Income ETF (XBCI). 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.

	BTC	XBCI	Difference
Sharpe ratio: Return per unit of total volatility	-1.00	—	—
Sortino ratio: Return per unit of downside risk	-1.47	—	—
Omega ratio: Gain probability vs. loss probability	0.84	—	—
Calmar ratio: Return relative to maximum drawdown	-0.83	—	—
Martin ratio: Return relative to average drawdown	-1.27	—	—

Drawdowns

BTC vs. XBCI - Drawdown Comparison

The maximum BTC drawdown since its inception was -53.30%, which is greater than XBCI's maximum drawdown of -37.31%. Use the drawdown chart below to compare losses from any high point for BTC and XBCI.

Drawdown Indicators

	BTC	XBCI	Difference
Max Drawdown Largest peak-to-trough decline	-53.30%	-37.31%	-15.99%
Max Drawdown (1Y) Largest decline over 1 year	-53.30%	—	—
Current Drawdown Current decline from peak	-48.89%	-29.15%	-19.74%
Average Drawdown Average peak-to-trough decline	-19.50%	-16.03%	-3.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.87%	—	—

Volatility

Volatility by Period

	BTC	XBCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.13%	—	—
Volatility (6M) Calculated over the trailing 6-month period	33.02%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	44.32%	62.18%	-17.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.45%	62.18%	-14.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.45%	62.18%	-14.73%

BTC vs. XBCI - Expense Ratio Comparison

BTC has a 0.15% expense ratio, which is lower than XBCI's 0.98% expense ratio.

Dividends

BTC vs. XBCI - Dividend Comparison

BTC has not paid dividends to shareholders, while XBCI's dividend yield for the trailing twelve months is around 25.38%.

Position	TTM
BTC Grayscale Bitcoin Mini Trust ETF	0.00%
XBCI NEOS Boosted Bitcoin High Income ETF	25.38%

Frequently Asked Questions

Can I hold both BTC and XBCI in my portfolio?

With a correlation of 0.99, BTC and XBCI 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 ETF is better, BTC or XBCI?

On fees, BTC is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BTC or XBCI?

BTC is cheaper with a 0.15% expense ratio, compared with 0.98% for XBCI.

Which ETF pays a higher dividend yield, BTC or XBCI?

XBCI has the higher dividend yield at 25.38%, compared with 0.00% for BTC.

What is the main difference between BTC and XBCI?

They also come from different issuers: Grayscale and Neos. Their fees differ too: 0.15% for BTC and 0.98% for XBCI.