BTCI vs. BFJL
BTCI (NEOS Bitcoin High Income ETF) and BFJL (FT Vest Bitcoin Strategy Floor15 ETF - July) are both exchange-traded funds - BTCI is a Cryptocurrency fund actively managed by Neos, while BFJL is a Defined Outcome fund tracking the iShares Bitcoin Trust ETF (IBIT). BTCI is actively managed, while BFJL is passively managed. Over the past year, BTCI returned -40.21% vs -14.80% for BFJL. Their correlation of 0.88 means they have usually moved in the same direction. BTCI charges 0.99%/yr vs 0.90%/yr for BFJL.
Performance
BTCI vs. BFJL - Performance Comparison
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Returns By Period
In the year-to-date period, BTCI achieves a -25.73% return, which is significantly lower than BFJL's -5.11% return.
BTCI
- 1D
- -2.39%
- 1M
- 2.51%
- 6M
- -23.02%
- YTD
- -25.73%
- 1Y
- -40.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -4.18%
BFJL
- 1D
- -1.29%
- 1M
- 1.35%
- 6M
- -3.14%
- YTD
- -5.11%
- 1Y
- -14.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -11.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $12.56K | $8.09K | $4.95K | |
| $12.53M | $12.80M | $22.67M |
BTCI vs. BFJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BTCI NEOS Bitcoin High Income ETF | -25.73% | -15.48% |
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July | -5.11% | -7.43% |
Correlation
The correlation between BTCI and BFJL is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025 | 0.88 |
The correlation between BTCI and BFJL has been stable across timeframes, ranging from 0.88 to 0.88 - a consistent structural relationship.
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Return for Risk
BTCI vs. BFJL — Risk / Return Rank
BTCI
BFJL
BTCI vs. BFJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Bitcoin High Income ETF (BTCI) and FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL). 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 | BFJL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.81 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | -0.74 | -0.13 |
| Martin ratioReturn relative to average drawdown | -1.36 | -1.00 | -0.36 |
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Drawdowns
BTCI vs. BFJL - Drawdown Comparison
The maximum BTCI drawdown since its inception was -48.42%, which is greater than BFJL's maximum drawdown of -21.27%. Use the drawdown chart below to compare losses from any high point for BTCI and BFJL.
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Drawdown Indicators
| BTCI | BFJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.42% | -21.27% | -27.15% |
Max Drawdown (1Y)Largest decline over 1 year | -48.42% | -21.27% | -27.15% |
Current DrawdownCurrent decline from peak | -45.08% | -19.01% | -26.07% |
Average DrawdownAverage peak-to-trough decline | -17.81% | -12.90% | -4.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.79% | 15.74% | +15.05% |
Volatility
BTCI vs. BFJL - Volatility Comparison
NEOS Bitcoin High Income ETF (BTCI) has a higher volatility of 7.31% compared to FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL) at 3.65%. This indicates that BTCI's price experiences larger fluctuations and is considered to be riskier than BFJL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTCI | BFJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.31% | 3.65% | +3.66% |
Volatility (6M)Calculated over the trailing 6-month period | 30.70% | 5.54% | +25.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.00% | 13.20% | +26.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.67% | 13.17% | +26.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.67% | 13.17% | +26.50% |
BTCI vs. BFJL - Expense Ratio Comparison
BTCI has a 0.99% expense ratio, which is higher than BFJL's 0.90% expense ratio.
Dividends
BTCI vs. BFJL - Dividend Comparison
BTCI's dividend yield for the trailing twelve months is around 41.26%, more than BFJL's 1.42% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BFJL FT Vest Bitcoin Strategy Floor15 ETF - July | 1.42% | 1.35% | 0.00% |
BTCI NEOS Bitcoin High Income ETF | 41.26% | 36.46% | 6.76% |
Frequently Asked Questions
BTCI and BFJL have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTCI has higher volatility (7.31%) compared to BFJL (3.65%). In terms of maximum drawdown, BTCI dropped -48.42% vs BFJL's -21.27%.
On 1-year performance, BFJL leads with -14.80% vs -40.21% for BTCI. On fees, BFJL is cheaper at 0.90% per year. On volatility, BFJL has been the lower-risk option at 3.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BFJL has performed better with a -14.80% return vs -40.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BFJL is cheaper with a 0.90% expense ratio, compared with 0.99% for BTCI.
BTCI has the higher dividend yield at 41.26%, compared with 1.42% for BFJL.
BTCI is categorized as Cryptocurrency, while BFJL is Defined Outcome. They also come from different issuers: Neos and First Trust. Their fees differ too: 0.99% for BTCI and 0.90% for BFJL.
BTCI currently has the higher Sharpe Ratio (-1.05 vs -1.19), 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.
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