BTCI vs. NVO
BTCI (NEOS Bitcoin High Income ETF) is Cryptocurrency fund actively managed by Neos, while NVO (Novo Nordisk A/S) is a stock. Over the past year, BTCI returned -34.62% vs -38.72% for NVO. At a 0.13 correlation, their price movements are largely independent.
Performance
BTCI vs. NVO - Performance Comparison
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Returns By Period
In the year-to-date period, BTCI achieves a -25.54% return, which is significantly lower than NVO's -12.15% return.
BTCI
- 1D
- -2.32%
- 1M
- -16.42%
- YTD
- -25.54%
- 6M
- -25.93%
- 1Y
- -34.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVO
- 1D
- -0.76%
- 1M
- -3.94%
- YTD
- -12.15%
- 6M
- -7.05%
- 1Y
- -38.72%
- 3Y*
- -16.67%
- 5Y*
- 3.13%
- 10Y*
- 7.50%
BTCI vs. NVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTCI NEOS Bitcoin High Income ETF | -25.54% | -1.09% | 26.12% |
NVO Novo Nordisk A/S | -12.15% | -39.22% | -27.12% |
Correlation
The correlation between BTCI and NVO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2024 | 0.13 |
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Return for Risk
BTCI vs. NVO — Risk / Return Rank
BTCI
NVO
BTCI vs. NVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Bitcoin High Income ETF (BTCI) and Novo Nordisk A/S (NVO). 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 | NVO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.87 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | -0.77 | +0.03 |
| Martin ratioReturn relative to average drawdown | -1.31 | -1.20 | -0.11 |
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Drawdowns
BTCI vs. NVO - Drawdown Comparison
The maximum BTCI drawdown since its inception was -47.16%, smaller than the maximum NVO drawdown of -74.70%. Use the drawdown chart below to compare losses from any high point for BTCI and NVO.
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Drawdown Indicators
| BTCI | NVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.16% | -74.70% | +27.54% |
Max Drawdown (1Y)Largest decline over 1 year | -47.16% | -50.59% | +3.43% |
Max Drawdown (3Y)Largest decline over 3 years | — | -74.70% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -74.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -74.70% | — |
Current DrawdownCurrent decline from peak | -44.94% | -68.62% | +23.68% |
Average DrawdownAverage peak-to-trough decline | -15.92% | -17.81% | +1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.71% | 32.66% | -5.95% |
Volatility
BTCI vs. NVO - Volatility Comparison
NEOS Bitcoin High Income ETF (BTCI) has a higher volatility of 12.11% compared to Novo Nordisk A/S (NVO) at 10.13%. This indicates that BTCI's price experiences larger fluctuations and is considered to be riskier than NVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTCI | NVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.11% | 10.13% | +1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 31.18% | 37.86% | -6.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.53% | 51.56% | -12.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.31% | 38.34% | +1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.31% | 32.53% | +7.78% |
Dividends
BTCI vs. NVO - Dividend Comparison
BTCI's dividend yield for the trailing twelve months is around 48.02%, more than NVO's 4.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTCI NEOS Bitcoin High Income ETF | 48.02% | 36.46% | 6.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NVO Novo Nordisk A/S | 4.17% | 3.31% | 1.68% | 1.00% | 1.20% | 1.35% | 1.87% | 2.14% | 1.45% | 1.52% | 2.87% | 0.92% |
Frequently Asked Questions
BTCI and NVO have a correlation of 0.21, 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 NVO (10.13%). In terms of maximum drawdown, BTCI dropped -47.16% vs NVO's -74.70%.
NVO currently has the higher Sharpe Ratio (-0.76 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.
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