BTCI vs. BCCC

Last updated Jun 26, 2026

BTCI (NEOS Bitcoin High Income ETF) and BCCC (Global X Bitcoin Covered Call ETF) are both Cryptocurrency funds. Both are actively managed. Over the past year, BTCI returned -40.76% vs -33.90% for BCCC. With a 0.98 correlation, they move nearly in lockstep. BTCI charges 0.99%/yr vs 0.75%/yr for BCCC.

Performance

BTCI vs. BCCC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Bitcoin High Income ETF (BTCI) and Global X Bitcoin Covered Call ETF (BCCC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BTCI achieves a -29.86% return, which is significantly lower than BCCC's -26.93% return.

BTCI

• 1D: -0.88%
• 1M: -20.99%
• YTD: -29.86%
• 6M: -29.65%
• 1Y: -40.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BCCC

• 1D: -0.68%
• 1M: -18.48%
• YTD: -26.93%
• 6M: -26.11%
• 1Y: -33.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BTCI vs. BCCC - Yearly Performance Comparison

	2026 (YTD)	2025
BTCI NEOS Bitcoin High Income ETF	-29.86%	-13.84%
BCCC Global X Bitcoin Covered Call ETF	-26.93%	-7.02%

Correlation

The correlation between BTCI and BCCC 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 Jun 4, 2025	0.98

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

Return for Risk

BTCI vs. BCCC — Risk / Return Rank

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

BTCI

BTCI Risk / Return Rank: 2
BTCI Sharpe Ratio Rank: 1
BTCI Sortino Ratio Rank: 2
BTCI Omega Ratio Rank: 2
BTCI Calmar Ratio Rank: 2
BTCI Martin Ratio Rank: 1

BCCC

BCCC Risk / Return Rank: 2
BCCC Sharpe Ratio Rank: 2
BCCC Sortino Ratio Rank: 3
BCCC Omega Ratio Rank: 2
BCCC Calmar Ratio Rank: 2
BCCC Martin Ratio Rank: 1

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.

BTCI vs. BCCC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Bitcoin High Income ETF (BTCI) and Global X Bitcoin Covered Call ETF (BCCC). 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.

	BTCI	BCCC	Difference
Sharpe ratio: Return per unit of total volatility	-1.03	-0.96	-0.07
Sortino ratio: Return per unit of downside risk	-1.49	-1.28	-0.21
Omega ratio: Gain probability vs. loss probability	0.83	0.84	-0.01
Calmar ratio: Return relative to maximum drawdown	-0.85	-0.82	-0.03
Martin ratio: Return relative to average drawdown	-1.49	-1.47	-0.03

BTCI vs. BCCC - Sharpe Ratio Comparison

The current BTCI Sharpe Ratio is -1.03, which is comparable to the BCCC Sharpe Ratio of -0.96. The chart below compares the historical Sharpe Ratios of BTCI and BCCC, 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

BTCI vs. BCCC - Drawdown Comparison

The maximum BTCI drawdown since its inception was -48.13%, which is greater than BCCC's maximum drawdown of -41.63%. Use the drawdown chart below to compare losses from any high point for BTCI and BCCC.

Drawdown Indicators

	BTCI	BCCC	Difference
Max Drawdown Largest peak-to-trough decline	-48.13%	-41.63%	-6.50%
Max Drawdown (1Y) Largest decline over 1 year	-48.13%	-41.63%	-6.50%
Current Drawdown Current decline from peak	-48.13%	-41.60%	-6.53%
Average Drawdown Average peak-to-trough decline	-16.20%	-18.04%	+1.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.33%	23.16%	+4.17%

Volatility

BTCI vs. BCCC - Volatility Comparison

NEOS Bitcoin High Income ETF (BTCI) has a higher volatility of 12.99% compared to Global X Bitcoin Covered Call ETF (BCCC) at 10.97%. This indicates that BTCI's price experiences larger fluctuations and is considered to be riskier than BCCC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTCI	BCCC	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.99%	10.97%	+2.02%
Volatility (6M) Calculated over the trailing 6-month period	31.43%	28.98%	+2.45%
Volatility (1Y) Calculated over the trailing 1-year period	39.86%	35.50%	+4.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.37%	35.11%	+5.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.37%	35.11%	+5.26%

BTCI vs. BCCC - Expense Ratio Comparison

BTCI has a 0.99% expense ratio, which is higher than BCCC's 0.75% expense ratio.

Dividends

BTCI vs. BCCC - Dividend Comparison

BTCI's dividend yield for the trailing twelve months is around 45.80%, less than BCCC's 66.89% yield.

Position	TTM	2025	2024
BCCC Global X Bitcoin Covered Call ETF	66.89%	29.55%	0.00%
BTCI NEOS Bitcoin High Income ETF	45.80%	36.46%	6.76%

Frequently Asked Questions

Can I hold both BTCI and BCCC in my portfolio?

With a correlation of 0.98, BTCI and BCCC 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, BTCI or BCCC?

BTCI has higher volatility (12.99%) compared to BCCC (10.97%). In terms of maximum drawdown, BTCI dropped -48.13% vs BCCC's -41.63%.

Which ETF is better, BTCI or BCCC?

On 1-year performance, BCCC leads with -33.90% vs -40.76% for BTCI. On fees, BCCC is cheaper at 0.75% per year. On volatility, BCCC has been the lower-risk option at 10.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BTCI or BCCC?

Over the 1-year period, BCCC has performed better with a -33.90% return vs -40.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BTCI or BCCC?

BCCC is cheaper with a 0.75% expense ratio, compared with 0.99% for BTCI.

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

BCCC has the higher dividend yield at 66.89%, compared with 45.80% for BTCI.

What is the main difference between BTCI and BCCC?

They also come from different issuers: Neos and Global X. Their fees differ too: 0.99% for BTCI and 0.75% for BCCC.

Which has better risk-adjusted returns?

BCCC currently has the higher Sharpe Ratio (-0.96 vs -1.03), 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.