BTCI vs. IAUI

Last updated Jun 5, 2026

BTCI (NEOS Bitcoin High Income ETF) and IAUI (NEOS Gold High Income ETF) are both exchange-traded funds - BTCI is a Cryptocurrency fund actively managed by Neos, while IAUI is a Derivative Income fund actively managed by Neos. Both are actively managed. At a 0.19 correlation, their price movements are largely independent. BTCI charges 0.99%/yr vs 0.78%/yr for IAUI.

Performance

BTCI vs. IAUI - Performance Comparison

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

Returns By Period

In the year-to-date period, BTCI achieves a -24.80% return, which is significantly lower than IAUI's 2.26% return.

BTCI

• 1D: -2.67%
• 1M: -19.78%
• YTD: -24.80%
• 6M: -28.14%
• 1Y: -34.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IAUI

• 1D: 0.61%
• 1M: -1.21%
• YTD: 2.26%
• 6M: 4.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BTCI vs. IAUI - Yearly Performance Comparison

	2026 (YTD)	2025
BTCI NEOS Bitcoin High Income ETF	-24.80%	-10.73%
IAUI NEOS Gold High Income ETF	2.26%	20.56%

Correlation

The correlation between BTCI and IAUI is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 6, 2025	0.19

Return for Risk

BTCI vs. IAUI — 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: 2
BTCI Sortino Ratio Rank: 3
BTCI Omega Ratio Rank: 2
BTCI Calmar Ratio Rank: 2
BTCI Martin Ratio Rank: 2

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. IAUI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Bitcoin High Income ETF (BTCI) and NEOS Gold High Income ETF (IAUI). 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	IAUI	Difference
Sharpe ratio: Return per unit of total volatility	-0.89	—	—
Sortino ratio: Return per unit of downside risk	-1.19	—	—
Omega ratio: Gain probability vs. loss probability	0.86	—	—
Calmar ratio: Return relative to maximum drawdown	-0.77	—	—
Martin ratio: Return relative to average drawdown	-1.37	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BTCI	IAUI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.89	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.07	1.16	-1.23

Drawdowns

BTCI vs. IAUI - Drawdown Comparison

The maximum BTCI drawdown since its inception was -44.98%, which is greater than IAUI's maximum drawdown of -16.88%. Use the drawdown chart below to compare losses from any high point for BTCI and IAUI.

Drawdown Indicators

	BTCI	IAUI	Difference
Max Drawdown Largest peak-to-trough decline	-44.98%	-16.88%	-28.10%
Max Drawdown (1Y) Largest decline over 1 year	-44.98%	—	—
Current Drawdown Current decline from peak	-44.39%	-13.27%	-31.12%
Average Drawdown Average peak-to-trough decline	-15.25%	-3.49%	-11.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.20%	—	—

Volatility

Volatility by Period

	BTCI	IAUI	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.15%	—	—
Volatility (6M) Calculated over the trailing 6-month period	30.49%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	38.98%	20.28%	+18.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.12%	20.28%	+19.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.12%	20.28%	+19.84%

BTCI vs. IAUI - Expense Ratio Comparison

BTCI has a 0.99% expense ratio, which is higher than IAUI's 0.78% expense ratio.

Dividends

BTCI vs. IAUI - Dividend Comparison

BTCI's dividend yield for the trailing twelve months is around 44.34%, more than IAUI's 12.58% yield.

Position	TTM	2025	2024
BTCI NEOS Bitcoin High Income ETF	44.34%	36.46%	6.76%
IAUI NEOS Gold High Income ETF	12.58%	6.88%	0.00%

Frequently Asked Questions

Can I hold both BTCI and IAUI in my portfolio?

BTCI and IAUI have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BTCI or IAUI?

On fees, IAUI is cheaper at 0.78% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BTCI or IAUI?

IAUI is cheaper with a 0.78% expense ratio, compared with 0.99% for BTCI.

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

BTCI has the higher dividend yield at 44.34%, compared with 12.58% for IAUI.

What is the main difference between BTCI and IAUI?

BTCI is categorized as Cryptocurrency, while IAUI is Derivative Income. Their fees differ too: 0.99% for BTCI and 0.78% for IAUI.