Correlation
The correlation between BTCI and BITI is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
BTCI vs. BITI
Compare and contrast key facts about NEOS Bitcoin High Income ETF (BTCI) and ProShares Shrt Bitcoin ETF (BITI).
BTCI and BITI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BTCI is an actively managed fund by Neos. It was launched on Oct 16, 2024. BITI is a passively managed fund by ProShares that tracks the performance of the Bloomberg Bitcoin Index (-100%). It was launched on Jun 21, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTCI or BITI.
Performance
BTCI vs. BITI - Performance Comparison
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Key characteristics
BTCI:
41.93%
BITI:
53.49%
BTCI:
-24.36%
BITI:
-91.14%
BTCI:
-3.35%
BITI:
-90.56%
Returns By Period
In the year-to-date period, BTCI achieves a 13.23% return, which is significantly higher than BITI's -15.05% return.
BTCI
13.23%
10.39%
9.08%
N/A
N/A
N/A
N/A
BITI
-15.05%
-10.01%
-11.97%
-44.06%
N/A
N/A
N/A
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BTCI vs. BITI - Expense Ratio Comparison
BTCI has a 0.98% expense ratio, which is lower than BITI's 1.03% expense ratio.
Risk-Adjusted Performance
BTCI vs. BITI — Risk-Adjusted Performance Rank
BTCI
BITI
BTCI vs. BITI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Bitcoin High Income ETF (BTCI) and ProShares Shrt Bitcoin ETF (BITI). 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.
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Dividends
BTCI vs. BITI - Dividend Comparison
BTCI's dividend yield for the trailing twelve months is around 18.77%, more than BITI's 3.49% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
BTCI NEOS Bitcoin High Income ETF | 18.77% | 6.76% | 0.00% | 0.00% |
BITI ProShares Shrt Bitcoin ETF | 3.49% | 3.91% | 3.33% | 0.07% |
Drawdowns
BTCI vs. BITI - Drawdown Comparison
The maximum BTCI drawdown since its inception was -24.36%, smaller than the maximum BITI drawdown of -91.14%. Use the drawdown chart below to compare losses from any high point for BTCI and BITI.
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Volatility
BTCI vs. BITI - Volatility Comparison
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