BTCI vs. BITY

Last updated Jul 12, 2026

BTCI (NEOS Bitcoin High Income ETF) and BITY (Amplify Bitcoin 2% Monthly Option Income ETF) are both exchange-traded funds - BTCI is a Cryptocurrency fund actively managed by Neos, while BITY is a Derivative Income fund actively managed by Amplify. Both are actively managed. Over the past year, BTCI returned -41.02% vs -44.90% for BITY. With a 0.98 correlation, they move nearly in lockstep. BTCI charges 0.99%/yr vs 0.65%/yr for BITY.

Performance

BTCI vs. BITY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Bitcoin High Income ETF (BTCI) and Amplify Bitcoin 2% Monthly Option Income ETF (BITY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with BTCI having a -25.06% return and BITY slightly lower at -25.58%.

BTCI

• 1D: 1.00%
• 1M: -0.69%
• 6M: -27.13%
• YTD: -25.06%
• 1Y: -41.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITY

• 1D: 1.21%
• 1M: -0.74%
• 6M: -28.12%
• YTD: -25.58%
• 1Y: -44.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BTCI vs. BITY - Yearly Performance Comparison

	2026 (YTD)	2025
BTCI NEOS Bitcoin High Income ETF	-25.06%	-3.92%
BITY Amplify Bitcoin 2% Monthly Option Income ETF	-25.58%	-7.84%

Correlation

The correlation between BTCI and BITY is 0.99 - 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	0.99
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025	0.98

The correlation between BTCI and BITY has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

Return for Risk

BTCI vs. BITY — 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: 2

BITY

BITY Risk / Return Rank: 1
BITY Sharpe Ratio Rank: 1
BITY Sortino Ratio Rank: 1
BITY Omega Ratio Rank: 2
BITY Calmar Ratio Rank: 2
BITY 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. BITY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Bitcoin High Income ETF (BTCI) and Amplify Bitcoin 2% Monthly Option Income ETF (BITY). 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	BITY	Difference
Sharpe ratio: Return per unit of total volatility	-0.99	-1.07	+0.08
Sortino ratio: Return per unit of downside risk	-1.40	-1.58	+0.18
Omega ratio: Gain probability vs. loss probability	0.84	0.82	+0.01
Calmar ratio: Return relative to maximum drawdown	-0.82	-0.87	+0.05
Martin ratio: Return relative to average drawdown	-1.37	-1.44	+0.08

BTCI vs. BITY - Sharpe Ratio Comparison

The current BTCI Sharpe Ratio is -0.99, which is comparable to the BITY Sharpe Ratio of -1.07. The chart below compares the historical Sharpe Ratios of BTCI and BITY, 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. BITY - Drawdown Comparison

The maximum BTCI drawdown since its inception was -48.42%, roughly equal to the maximum BITY drawdown of -50.87%. Use the drawdown chart below to compare losses from any high point for BTCI and BITY.

Drawdown Indicators

	BTCI	BITY	Difference
Max Drawdown Largest peak-to-trough decline	-48.42%	-50.87%	+2.45%
Max Drawdown (1Y) Largest decline over 1 year	-48.42%	-50.87%	+2.45%
Current Drawdown Current decline from peak	-44.59%	-47.25%	+2.66%
Average Drawdown Average peak-to-trough decline	-16.90%	-21.96%	+5.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.85%	30.49%	-1.64%

Volatility

BTCI vs. BITY - Volatility Comparison

NEOS Bitcoin High Income ETF (BTCI) and Amplify Bitcoin 2% Monthly Option Income ETF (BITY) have volatilities of 10.41% and 10.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTCI	BITY	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.41%	10.65%	-0.24%
Volatility (6M) Calculated over the trailing 6-month period	31.52%	32.21%	-0.69%
Volatility (1Y) Calculated over the trailing 1-year period	39.93%	41.28%	-1.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.12%	39.33%	+0.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.12%	39.33%	+0.79%

BTCI vs. BITY - Expense Ratio Comparison

BTCI has a 0.99% expense ratio, which is higher than BITY's 0.65% expense ratio.

Dividends

BTCI vs. BITY - Dividend Comparison

BTCI's dividend yield for the trailing twelve months is around 42.87%, more than BITY's 39.33% yield.

Position	TTM	2025	2024
BITY Amplify Bitcoin 2% Monthly Option Income ETF	39.33%	21.53%	0.00%
BTCI NEOS Bitcoin High Income ETF	42.87%	36.46%	6.76%

Frequently Asked Questions

Can I hold both BTCI and BITY in my portfolio?

With a correlation of 0.99, BTCI and BITY 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 BITY?

BITY has higher volatility (10.65%) compared to BTCI (10.41%). In terms of maximum drawdown, BTCI dropped -48.42% vs BITY's -50.87%.

Which ETF is better, BTCI or BITY?

On 1-year performance, BTCI leads with -41.02% vs -44.90% for BITY. On fees, BITY is cheaper at 0.65% per year. On volatility, BTCI has been the lower-risk option at 10.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BTCI or BITY?

Over the 1-year period, BTCI has performed better with a -41.02% return vs -44.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BTCI or BITY?

BITY is cheaper with a 0.65% expense ratio, compared with 0.99% for BTCI.

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

BTCI has the higher dividend yield at 42.87%, compared with 39.33% for BITY.

What is the main difference between BTCI and BITY?

BTCI is categorized as Cryptocurrency, while BITY is Derivative Income. They also come from different issuers: Neos and Amplify. Their fees differ too: 0.99% for BTCI and 0.65% for BITY.

Which has better risk-adjusted returns?

BTCI currently has the higher Sharpe Ratio (-0.99 vs -1.07), 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.