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BTCI vs. FSCO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

BTCI vs. FSCO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Bitcoin High Income ETF (BTCI) and FS Credit Opportunities Corp. (FSCO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BTCI achieves a -25.54% return, which is significantly lower than FSCO's -17.20% return.


BTCI

1D
-2.32%
1M
-16.42%
YTD
-25.54%
6M
-25.93%
1Y
-34.62%
3Y*
5Y*
10Y*

FSCO

1D
-0.60%
1M
-2.57%
YTD
-17.20%
6M
-13.96%
1Y
-22.70%
3Y*
14.91%
5Y*
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

BTCI vs. FSCO - Yearly Performance Comparison


2026 (YTD)20252024
BTCI
NEOS Bitcoin High Income ETF
-25.54%-1.09%26.12%
FSCO
FS Credit Opportunities Corp.
-17.20%3.68%4.75%

Correlation

The correlation between BTCI and FSCO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.28

Correlation (All Time)
Calculated using the full available price history since Oct 17, 2024

0.22

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Return for Risk

BTCI vs. FSCO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BTCI
BTCI Risk / Return Rank: 22
Overall Rank
BTCI Sharpe Ratio Rank: 22
Sharpe Ratio Rank
BTCI Sortino Ratio Rank: 33
Sortino Ratio Rank
BTCI Omega Ratio Rank: 33
Omega Ratio Rank
BTCI Calmar Ratio Rank: 33
Calmar Ratio Rank
BTCI Martin Ratio Rank: 22
Martin Ratio Rank

FSCO
FSCO Risk / Return Rank: 1212
Overall Rank
FSCO Sharpe Ratio Rank: 88
Sharpe Ratio Rank
FSCO Sortino Ratio Rank: 1111
Sortino Ratio Rank
FSCO Omega Ratio Rank: 1111
Omega Ratio Rank
FSCO Calmar Ratio Rank: 1919
Calmar Ratio Rank
FSCO Martin Ratio Rank: 1212
Martin Ratio Rank
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. FSCO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Bitcoin High Income ETF (BTCI) and FS Credit Opportunities Corp. (FSCO). 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.


BTCIFSCODifference
Sharpe ratioReturn per unit of total volatility

-0.06

Sortino ratioReturn per unit of downside risk

-0.17

Omega ratioGain probability vs. loss probability

0.86

0.86

0.00

Calmar ratioReturn relative to maximum drawdown

-0.74

-0.64

-0.10

Martin ratioReturn relative to average drawdown

-1.31

-1.26

-0.05

BTCI vs. FSCO - Sharpe Ratio Comparison

The current BTCI Sharpe Ratio is -0.89, which is comparable to the FSCO Sharpe Ratio of -0.83. The chart below compares the historical Sharpe Ratios of BTCI and FSCO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Drawdowns

BTCI vs. FSCO - Drawdown Comparison

The maximum BTCI drawdown since its inception was -47.16%, which is greater than FSCO's maximum drawdown of -35.53%. Use the drawdown chart below to compare losses from any high point for BTCI and FSCO.


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Drawdown Indicators


BTCIFSCODifference

Max Drawdown

Largest peak-to-trough decline

-47.16%

-35.53%

-11.63%

Max Drawdown (1Y)

Largest decline over 1 year

-47.16%

-35.53%

-11.63%

Max Drawdown (3Y)

Largest decline over 3 years

-35.53%

Current Drawdown

Current decline from peak

-44.94%

-27.71%

-17.23%

Average Drawdown

Average peak-to-trough decline

-15.92%

-8.11%

-7.81%

Ulcer Index

Depth and duration of drawdowns from previous peaks

26.71%

17.93%

+8.78%

Volatility

BTCI vs. FSCO - Volatility Comparison

NEOS Bitcoin High Income ETF (BTCI) has a higher volatility of 12.11% compared to FS Credit Opportunities Corp. (FSCO) at 6.04%. This indicates that BTCI's price experiences larger fluctuations and is considered to be riskier than FSCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


BTCIFSCODifference

Volatility (1M)

Calculated over the trailing 1-month period

12.11%

6.04%

+6.07%

Volatility (6M)

Calculated over the trailing 6-month period

31.18%

22.58%

+8.60%

Volatility (1Y)

Calculated over the trailing 1-year period

39.53%

27.39%

+12.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

40.31%

28.18%

+12.13%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

40.31%

28.18%

+12.13%

Dividends

BTCI vs. FSCO - Dividend Comparison

BTCI's dividend yield for the trailing twelve months is around 48.02%, more than FSCO's 15.92% yield.


PositionTTM2025202420232022
BTCI
NEOS Bitcoin High Income ETF
48.02%36.46%6.76%0.00%0.00%
FSCO
FS Credit Opportunities Corp.
15.92%12.65%10.47%11.26%1.95%

Frequently Asked Questions


BTCI and FSCO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BTCI has higher volatility (12.11%) compared to FSCO (6.04%). In terms of maximum drawdown, BTCI dropped -47.16% vs FSCO's -35.53%.

FSCO currently has the higher Sharpe Ratio (-0.83 vs -0.89), 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.

Portfolio Optimizer

Find the right allocation for BTCI and FSCO

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