BTCI vs. ETH-USD
BTCI (NEOS Bitcoin High Income ETF) is Cryptocurrency fund actively managed by Neos, while ETH-USD (Ethereum) is a cryptocurrency. Over the past year, BTCI returned -34.15% vs -33.81% for ETH-USD. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
BTCI vs. ETH-USD - Performance Comparison
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Returns By Period
In the year-to-date period, BTCI achieves a -24.93% return, which is significantly higher than ETH-USD's -43.98% return.
BTCI
- 1D
- 5.05%
- 1M
- -19.01%
- YTD
- -24.93%
- 6M
- -26.93%
- 1Y
- -34.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETH-USD
- 1D
- -1.64%
- 1M
- -28.55%
- YTD
- -43.98%
- 6M
- -46.81%
- 1Y
- -33.81%
- 3Y*
- -3.34%
- 5Y*
- -8.64%
- 10Y*
- 61.34%
BTCI vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTCI NEOS Bitcoin High Income ETF | -24.93% | -1.09% | 26.12% |
ETH-USD Ethereum | -43.98% | -10.91% | 27.57% |
Correlation
The correlation between BTCI and ETH-USD is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2024 | 0.59 |
The correlation between BTCI and ETH-USD has been stable across timeframes, ranging from 0.59 to 0.62 - a consistent structural relationship.
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Return for Risk
BTCI vs. ETH-USD — Risk / Return Rank
BTCI
ETH-USD
BTCI vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Bitcoin High Income ETF (BTCI) and Ethereum (ETH-USD). 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.
| BTCI | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.96 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | -0.50 | -0.23 |
| Martin ratioReturn relative to average drawdown | -1.34 | -0.88 | -0.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BTCI | ETH-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.87 | -0.50 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.12 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | 0.75 | -0.82 |
Drawdowns
BTCI vs. ETH-USD - Drawdown Comparison
The maximum BTCI drawdown since its inception was -47.16%, smaller than the maximum ETH-USD drawdown of -94.01%. Use the drawdown chart below to compare losses from any high point for BTCI and ETH-USD.
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Drawdown Indicators
| BTCI | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.16% | -94.01% | +46.85% |
Max Drawdown (1Y)Largest decline over 1 year | -47.16% | -67.53% | +20.37% |
Max Drawdown (3Y)Largest decline over 3 years | — | -67.53% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -79.35% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -94.01% | — |
Current DrawdownCurrent decline from peak | -44.49% | -65.60% | +21.11% |
Average DrawdownAverage peak-to-trough decline | -15.40% | -50.89% | +35.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.53% | 44.58% | -19.05% |
Volatility
BTCI vs. ETH-USD - Volatility Comparison
The current volatility for NEOS Bitcoin High Income ETF (BTCI) is 10.95%, while Ethereum (ETH-USD) has a volatility of 16.88%. This indicates that BTCI experiences smaller price fluctuations and is considered to be less risky than ETH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTCI | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.95% | 16.88% | -5.93% |
Volatility (6M)Calculated over the trailing 6-month period | 31.23% | 46.80% | -15.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.57% | 56.55% | -16.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.40% | 59.65% | -19.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.40% | 78.04% | -37.64% |
Frequently Asked Questions
BTCI and ETH-USD have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETH-USD has higher volatility (16.88%) compared to BTCI (10.95%). In terms of maximum drawdown, BTCI dropped -47.16% vs ETH-USD's -94.01%.
ETH-USD currently has the higher Sharpe Ratio (-0.50 vs -0.87), 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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