BTCI vs. MLPI
BTCI (NEOS Bitcoin High Income ETF) and MLPI (NEOS MLP & Energy Infrastructure High Income ETF) are both exchange-traded funds - BTCI is a Cryptocurrency fund actively managed by Neos, while MLPI is a Infrastructure Equities fund actively managed by Neos. Both are actively managed. Their 0.03 correlation means their historical movements had little consistent relationship. BTCI charges 0.99%/yr vs 0.68%/yr for MLPI.
Performance
BTCI vs. MLPI - Performance Comparison
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Returns By Period
In the year-to-date period, BTCI achieves a -25.73% return, which is significantly lower than MLPI's 18.15% return.
BTCI
- 1D
- -2.39%
- 1M
- 2.51%
- 6M
- -23.02%
- YTD
- -25.73%
- 1Y
- -40.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -4.18%
MLPI
- 1D
- -0.07%
- 1M
- -0.05%
- 6M
- 11.52%
- YTD
- 18.15%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $12.53M | $12.80M | $22.67M | |
| $23.44M | $21.53M | $19.40M |
BTCI vs. MLPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BTCI NEOS Bitcoin High Income ETF | -25.73% | 2.01% |
MLPI NEOS MLP & Energy Infrastructure High Income ETF | 18.15% | 0.36% |
Correlation
The correlation between BTCI and MLPI is 0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025 | 0.03 |
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Return for Risk
BTCI vs. MLPI — Risk / Return Rank
BTCI
MLPI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BTCI vs. MLPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Bitcoin High Income ETF (BTCI) and NEOS MLP & Energy Infrastructure High Income ETF (MLPI). 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 | MLPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.83 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | — | — |
| Martin ratioReturn relative to average drawdown | -1.36 | — | — |
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Drawdowns
BTCI vs. MLPI - Drawdown Comparison
The maximum BTCI drawdown since its inception was -48.42%, which is greater than MLPI's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for BTCI and MLPI.
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Drawdown Indicators
| BTCI | MLPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.42% | -5.38% | -43.04% |
Max Drawdown (1Y)Largest decline over 1 year | -48.42% | — | — |
Current DrawdownCurrent decline from peak | -45.08% | -3.36% | -41.72% |
Average DrawdownAverage peak-to-trough decline | -17.81% | -1.63% | -16.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.79% | — | — |
Volatility
BTCI vs. MLPI - Volatility Comparison
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Volatility by Period
| BTCI | MLPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.31% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 30.70% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 40.00% | 13.31% | +26.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.67% | 13.31% | +26.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.67% | 13.31% | +26.36% |
BTCI vs. MLPI - Expense Ratio Comparison
BTCI has a 0.99% expense ratio, which is higher than MLPI's 0.68% expense ratio.
Dividends
BTCI vs. MLPI - Dividend Comparison
BTCI's dividend yield for the trailing twelve months is around 41.26%, more than MLPI's 8.63% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BTCI NEOS Bitcoin High Income ETF | 41.26% | 36.46% | 6.76% |
MLPI NEOS MLP & Energy Infrastructure High Income ETF | 8.63% | 0.00% | 0.00% |
Frequently Asked Questions
BTCI and MLPI have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MLPI is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MLPI is cheaper with a 0.68% expense ratio, compared with 0.99% for BTCI.
BTCI has the higher dividend yield at 41.26%, compared with 8.63% for MLPI.
BTCI is categorized as Cryptocurrency, while MLPI is Infrastructure Equities. Their fees differ too: 0.99% for BTCI and 0.68% for MLPI.
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