BTCI vs. BITO
Compare and contrast key facts about NEOS Bitcoin High Income ETF (BTCI) and ProShares Bitcoin Strategy ETF (BITO).
BTCI and BITO 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. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTCI or BITO.
Correlation
The correlation between BTCI and BITO is 0.41, 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.
Performance
BTCI vs. BITO - Performance Comparison
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Key characteristics
BTCI:
42.46%
BITO:
53.64%
BTCI:
-24.36%
BITO:
-77.86%
BTCI:
0.00%
BITO:
0.00%
Returns By Period
The year-to-date returns for both stocks are quite close, with BTCI having a 17.16% return and BITO slightly lower at 16.35%.
BTCI
17.16%
17.40%
12.84%
N/A
N/A
N/A
N/A
BITO
16.35%
20.84%
9.17%
49.71%
48.70%
N/A
N/A
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BTCI vs. BITO - Expense Ratio Comparison
BTCI has a 0.98% expense ratio, which is higher than BITO's 0.95% expense ratio.
Risk-Adjusted Performance
BTCI vs. BITO — Risk-Adjusted Performance Rank
BTCI
BITO
BTCI vs. BITO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Bitcoin High Income ETF (BTCI) and ProShares Bitcoin Strategy ETF (BITO). 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. BITO - Dividend Comparison
BTCI's dividend yield for the trailing twelve months is around 18.15%, less than BITO's 54.14% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
BTCI NEOS Bitcoin High Income ETF | 18.15% | 6.76% | 0.00% |
BITO ProShares Bitcoin Strategy ETF | 54.14% | 61.58% | 15.14% |
Drawdowns
BTCI vs. BITO - Drawdown Comparison
The maximum BTCI drawdown since its inception was -24.36%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for BTCI and BITO. For additional features, visit the drawdowns tool.
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Volatility
BTCI vs. BITO - Volatility Comparison
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