BTCI vs. IBIT
Compare and contrast key facts about NEOS Bitcoin High Income ETF (BTCI) and iShares Bitcoin Trust (IBIT).
BTCI and IBIT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BTCI is an actively managed fund by Neos. It was launched on Oct 16, 2024. IBIT is a passively managed fund by iShares that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 5, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTCI or IBIT.
Correlation
The correlation between BTCI and IBIT is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BTCI vs. IBIT - Performance Comparison
Key characteristics
BTCI:
43.62%
IBIT:
53.96%
BTCI:
-24.36%
IBIT:
-28.22%
BTCI:
-1.40%
IBIT:
-3.41%
Returns By Period
The year-to-date returns for both stocks are quite close, with BTCI having a 10.85% return and IBIT slightly lower at 10.57%.
BTCI
10.85%
22.65%
26.94%
N/A
N/A
N/A
IBIT
10.57%
25.26%
34.26%
64.87%
N/A
N/A
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BTCI vs. IBIT - Expense Ratio Comparison
BTCI has a 0.98% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Risk-Adjusted Performance
BTCI vs. IBIT — Risk-Adjusted Performance Rank
BTCI
IBIT
BTCI vs. IBIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Bitcoin High Income ETF (BTCI) and iShares Bitcoin Trust (IBIT). 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.
Not enough dataDividends
BTCI vs. IBIT - Dividend Comparison
BTCI's dividend yield for the trailing twelve months is around 16.15%, while IBIT has not paid dividends to shareholders.
| TTM | 2024 | |
|---|---|---|
BTCI NEOS Bitcoin High Income ETF | 16.15% | 6.76% |
IBIT iShares Bitcoin Trust | 0.00% | 0.00% |
Drawdowns
BTCI vs. IBIT - Drawdown Comparison
The maximum BTCI drawdown since its inception was -24.36%, smaller than the maximum IBIT drawdown of -28.22%. Use the drawdown chart below to compare losses from any high point for BTCI and IBIT. For additional features, visit the drawdowns tool.
Volatility
BTCI vs. IBIT - Volatility Comparison
The current volatility for NEOS Bitcoin High Income ETF (BTCI) is 8.03%, while iShares Bitcoin Trust (IBIT) has a volatility of 10.78%. This indicates that BTCI experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.