BTCI vs. ETH
BTCI (NEOS Bitcoin High Income ETF) and ETH (Grayscale Ethereum Staking Mini ETF) are both Cryptocurrency funds. Both are actively managed. Over the past year, BTCI returned -40.21% vs -46.03% for ETH. Their correlation of 0.82 means they have usually moved in the same direction. BTCI charges 0.99%/yr vs 0.15%/yr for ETH.
Performance
BTCI vs. ETH - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BTCI achieves a -25.73% return, which is significantly higher than ETH's -36.56% return.
BTCI
- 1D
- -2.39%
- 1M
- 2.51%
- 6M
- -23.02%
- YTD
- -25.73%
- 1Y
- -40.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -4.18%
ETH
- 1D
- -2.84%
- 1M
- 10.01%
- 6M
- -29.59%
- YTD
- -36.56%
- 1Y
- -46.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -26.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $12.53M | $12.80M | $22.67M | |
| $31.73M | $33.86M | $46.60M |
BTCI vs. ETH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTCI NEOS Bitcoin High Income ETF | -25.73% | -1.09% | 26.12% |
ETH Grayscale Ethereum Staking Mini ETF | -36.56% | -10.89% | 27.49% |
Correlation
The correlation between BTCI and ETH is 0.90, 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. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2024 | 0.82 |
The correlation between BTCI and ETH has been stable across timeframes, ranging from 0.82 to 0.90 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BTCI vs. ETH — Risk / Return Rank
BTCI
ETH
BTCI vs. ETH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Bitcoin High Income ETF (BTCI) and Grayscale Ethereum Staking Mini ETF (ETH). 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 | ETH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.89 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | -0.73 | -0.13 |
| Martin ratioReturn relative to average drawdown | -1.36 | -1.10 | -0.26 |
Loading charts...
Drawdowns
BTCI vs. ETH - Drawdown Comparison
The maximum BTCI drawdown since its inception was -48.42%, smaller than the maximum ETH drawdown of -67.52%. Use the drawdown chart below to compare losses from any high point for BTCI and ETH.
Loading charts...
Drawdown Indicators
| BTCI | ETH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.42% | -67.52% | +19.10% |
Max Drawdown (1Y)Largest decline over 1 year | -48.42% | -67.52% | +19.10% |
Current DrawdownCurrent decline from peak | -45.08% | -60.93% | +15.85% |
Average DrawdownAverage peak-to-trough decline | -17.81% | -35.04% | +17.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.79% | 45.07% | -14.28% |
Volatility
BTCI vs. ETH - Volatility Comparison
The current volatility for NEOS Bitcoin High Income ETF (BTCI) is 7.31%, while Grayscale Ethereum Staking Mini ETF (ETH) has a volatility of 13.08%. This indicates that BTCI experiences smaller price fluctuations and is considered to be less risky than ETH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BTCI | ETH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.31% | 13.08% | -5.77% |
Volatility (6M)Calculated over the trailing 6-month period | 30.70% | 45.84% | -15.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.00% | 67.17% | -27.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.67% | 71.22% | -31.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.67% | 71.22% | -31.55% |
BTCI vs. ETH - Expense Ratio Comparison
BTCI has a 0.99% expense ratio, which is higher than ETH's 0.15% expense ratio.
Dividends
BTCI vs. ETH - Dividend Comparison
BTCI's dividend yield for the trailing twelve months is around 41.26%, while ETH has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BTCI NEOS Bitcoin High Income ETF | 41.26% | 36.46% | 6.76% |
ETH Grayscale Ethereum Staking Mini ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.90, BTCI and ETH 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.
ETH has higher volatility (13.08%) compared to BTCI (7.31%). In terms of maximum drawdown, BTCI dropped -48.42% vs ETH's -67.52%.
On 1-year performance, BTCI leads with -40.21% vs -46.03% for ETH. On fees, ETH is cheaper at 0.15% per year. On volatility, BTCI has been the lower-risk option at 7.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BTCI has performed better with a -40.21% return vs -46.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ETH is cheaper with a 0.15% expense ratio, compared with 0.99% for BTCI.
BTCI has the higher dividend yield at 41.26%, compared with 0.00% for ETH.
They also come from different issuers: Neos and Grayscale. Their fees differ too: 0.99% for BTCI and 0.15% for ETH.
ETH currently has the higher Sharpe Ratio (-0.74 vs -1.05), 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.
Find the right allocation for BTCI and ETH
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer