BTCI vs. IBLC
BTCI (NEOS Bitcoin High Income ETF) and IBLC (iShares Blockchain and Tech ETF) are both Cryptocurrency funds. BTCI is actively managed, while IBLC is passively managed. Over the past year, BTCI returned -33.02% vs 65.77% for IBLC. A 0.71 correlation means they provide meaningful diversification when combined. BTCI charges 0.99%/yr vs 0.47%/yr for IBLC.
Performance
BTCI vs. IBLC - Performance Comparison
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Returns By Period
In the year-to-date period, BTCI achieves a -23.73% return, which is significantly lower than IBLC's 30.07% return.
BTCI
- 1D
- 2.44%
- 1M
- -14.38%
- YTD
- -23.73%
- 6M
- -24.54%
- 1Y
- -33.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBLC
- 1D
- -0.70%
- 1M
- 2.21%
- YTD
- 30.07%
- 6M
- 19.82%
- 1Y
- 65.77%
- 3Y*
- 46.30%
- 5Y*
- —
- 10Y*
- —
BTCI vs. IBLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTCI NEOS Bitcoin High Income ETF | -23.73% | -1.09% | 26.12% |
IBLC iShares Blockchain and Tech ETF | 30.07% | 27.05% | 5.82% |
Correlation
The correlation between BTCI and IBLC is 0.71, 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 | 0.71 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2024 | 0.71 |
The correlation between BTCI and IBLC has been stable across timeframes, ranging from 0.71 to 0.71 - a consistent structural relationship.
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Return for Risk
BTCI vs. IBLC — Risk / Return Rank
BTCI
IBLC
BTCI vs. IBLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Bitcoin High Income ETF (BTCI) and iShares Blockchain and Tech ETF (IBLC). 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 | IBLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.02 | ||
| Sortino ratioReturn per unit of downside risk | -2.86 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.21 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | 1.47 | -2.17 |
| Martin ratioReturn relative to average drawdown | -1.23 | 2.89 | -4.12 |
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Drawdowns
BTCI vs. IBLC - Drawdown Comparison
The maximum BTCI drawdown since its inception was -47.16%, smaller than the maximum IBLC drawdown of -62.54%. Use the drawdown chart below to compare losses from any high point for BTCI and IBLC.
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Drawdown Indicators
| BTCI | IBLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.16% | -62.54% | +15.38% |
Max Drawdown (1Y)Largest decline over 1 year | -47.16% | -44.94% | -2.22% |
Max Drawdown (3Y)Largest decline over 3 years | — | -51.68% | — |
Current DrawdownCurrent decline from peak | -43.60% | -14.49% | -29.11% |
Average DrawdownAverage peak-to-trough decline | -15.98% | -25.77% | +9.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.85% | 22.86% | +3.99% |
Volatility
BTCI vs. IBLC - Volatility Comparison
The current volatility for NEOS Bitcoin High Income ETF (BTCI) is 12.42%, while iShares Blockchain and Tech ETF (IBLC) has a volatility of 17.30%. This indicates that BTCI experiences smaller price fluctuations and is considered to be less risky than IBLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTCI | IBLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.42% | 17.30% | -4.88% |
Volatility (6M)Calculated over the trailing 6-month period | 31.24% | 41.59% | -10.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.69% | 55.92% | -16.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.30% | 64.54% | -24.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.30% | 64.54% | -24.24% |
BTCI vs. IBLC - Expense Ratio Comparison
BTCI has a 0.99% expense ratio, which is higher than IBLC's 0.47% expense ratio.
Dividends
BTCI vs. IBLC - Dividend Comparison
BTCI's dividend yield for the trailing twelve months is around 46.88%, more than IBLC's 4.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BTCI NEOS Bitcoin High Income ETF | 46.88% | 36.46% | 6.76% | 0.00% | 0.00% |
IBLC iShares Blockchain and Tech ETF | 4.81% | 6.31% | 1.60% | 1.79% | 0.84% |
Frequently Asked Questions
BTCI and IBLC have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBLC has higher volatility (17.30%) compared to BTCI (12.42%). In terms of maximum drawdown, BTCI dropped -47.16% vs IBLC's -62.54%.
On 1-year performance, IBLC leads with 65.77% vs -33.02% for BTCI. On fees, IBLC is cheaper at 0.47% per year. On volatility, BTCI has been the lower-risk option at 12.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBLC has performed better with a 65.77% return vs -33.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBLC is cheaper with a 0.47% expense ratio, compared with 0.99% for BTCI.
BTCI has the higher dividend yield at 46.88%, compared with 4.81% for IBLC.
They also come from different issuers: Neos and iShares. Their fees differ too: 0.99% for BTCI and 0.47% for IBLC.
IBLC currently has the higher Sharpe Ratio (1.18 vs -0.84), 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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