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BTCI vs. BCCC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

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.

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Returns By Period

In the year-to-date period, BTCI achieves a -24.80% return, which is significantly lower than BCCC's -23.52% return.


BTCI

1D
-2.67%
1M
-19.78%
YTD
-24.80%
6M
-28.14%
1Y
-34.52%
3Y*
5Y*
10Y*

BCCC

1D
-2.59%
1M
-18.36%
YTD
-23.52%
6M
-24.11%
1Y
-28.98%
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
-24.80%-12.93%
BCCC
Global X Bitcoin Covered Call ETF
-23.52%-7.14%

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 (All Time)
Calculated using the full available price history since Jun 5, 2025

0.98

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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: 22
Overall Rank
BTCI Sharpe Ratio Rank: 22
Sharpe Ratio Rank
BTCI Sortino Ratio Rank: 33
Sortino Ratio Rank
BTCI Omega Ratio Rank: 22
Omega Ratio Rank
BTCI Calmar Ratio Rank: 22
Calmar Ratio Rank
BTCI Martin Ratio Rank: 22
Martin Ratio Rank

BCCC
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.


BTCIBCCCDifference
Sharpe ratioReturn per unit of total volatility

Sortino ratioReturn per unit of downside risk

Omega ratioGain probability vs. loss probability

0.86

Calmar ratioReturn relative to maximum drawdown

-0.77

Martin ratioReturn relative to average drawdown

-1.37

BTCI vs. BCCC - Sharpe Ratio Comparison


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Sharpe Ratios by Period


BTCIBCCCDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.89

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.07

-0.83

+0.76

Drawdowns

BTCI vs. BCCC - Drawdown Comparison

The maximum BTCI drawdown since its inception was -44.98%, which is greater than BCCC's maximum drawdown of -41.62%. Use the drawdown chart below to compare losses from any high point for BTCI and BCCC.


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Drawdown Indicators


BTCIBCCCDifference

Max Drawdown

Largest peak-to-trough decline

-44.98%

-41.62%

-3.36%

Max Drawdown (1Y)

Largest decline over 1 year

-44.98%

-41.62%

-3.36%

Current Drawdown

Current decline from peak

-44.39%

-38.88%

-5.51%

Average Drawdown

Average peak-to-trough decline

-15.25%

-16.93%

+1.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

25.20%

Volatility

BTCI vs. BCCC - Volatility Comparison


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Volatility by Period


BTCIBCCCDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.15%

Volatility (6M)

Calculated over the trailing 6-month period

30.49%

Volatility (1Y)

Calculated over the trailing 1-year period

38.98%

35.09%

+3.89%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

40.12%

35.09%

+5.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

40.12%

35.09%

+5.03%

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 44.34%, less than BCCC's 64.17% yield.


PositionTTM20252024
BCCC
Global X Bitcoin Covered Call ETF
64.17%29.55%0.00%
BTCI
NEOS Bitcoin High Income ETF
44.34%36.46%6.76%

Frequently Asked Questions


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.

On 1-year performance, BCCC leads with -28.98% vs -34.52% for BTCI. On fees, BCCC is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, BCCC has performed better with a -28.98% return vs -34.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

BCCC has the higher dividend yield at 64.17%, compared with 44.34% for BTCI.

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

Portfolio Optimizer

Find the right allocation for BTCI and BCCC

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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