BTCI vs. PDI
BTCI (NEOS Bitcoin High Income ETF) is Cryptocurrency fund actively managed by Neos, while PDI (PIMCO Dynamic Income Fund) is a stock. Over the past year, BTCI returned -34.62% vs 0.87% for PDI. At a 0.18 correlation, their price movements are largely independent.
Performance
BTCI vs. PDI - 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 PDI's -0.56% return.
BTCI
- 1D
- -2.32%
- 1M
- -16.42%
- YTD
- -25.54%
- 6M
- -25.93%
- 1Y
- -34.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PDI
- 1D
- -0.12%
- 1M
- -0.29%
- YTD
- -0.56%
- 6M
- -0.56%
- 1Y
- 0.87%
- 3Y*
- 10.94%
- 5Y*
- 2.62%
- 10Y*
- 7.51%
BTCI vs. PDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTCI NEOS Bitcoin High Income ETF | -25.54% | -1.09% | 26.12% |
PDI PIMCO Dynamic Income Fund | -0.56% | 11.03% | -5.10% |
Correlation
The correlation between BTCI and PDI is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2024 | 0.18 |
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Return for Risk
BTCI vs. PDI — Risk / Return Rank
BTCI
PDI
BTCI vs. PDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Bitcoin High Income ETF (BTCI) and PIMCO Dynamic Income Fund (PDI). 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 | PDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.04 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | 0.12 | -0.87 |
| Martin ratioReturn relative to average drawdown | -1.31 | 0.26 | -1.57 |
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Drawdowns
BTCI vs. PDI - Drawdown Comparison
The maximum BTCI drawdown since its inception was -47.16%, roughly equal to the maximum PDI drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for BTCI and PDI.
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Drawdown Indicators
| BTCI | PDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.16% | -46.47% | -0.69% |
Max Drawdown (1Y)Largest decline over 1 year | -47.16% | -10.95% | -36.21% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.55% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.19% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.47% | — |
Current DrawdownCurrent decline from peak | -44.94% | -8.34% | -36.60% |
Average DrawdownAverage peak-to-trough decline | -15.92% | -6.22% | -9.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.71% | 5.18% | +21.53% |
Volatility
BTCI vs. PDI - Volatility Comparison
NEOS Bitcoin High Income ETF (BTCI) has a higher volatility of 12.11% compared to PIMCO Dynamic Income Fund (PDI) at 3.19%. This indicates that BTCI's price experiences larger fluctuations and is considered to be riskier than PDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTCI | PDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.11% | 3.19% | +8.92% |
Volatility (6M)Calculated over the trailing 6-month period | 31.18% | 8.47% | +22.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.53% | 11.43% | +28.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.31% | 15.55% | +24.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.31% | 19.04% | +21.27% |
Dividends
BTCI vs. PDI - Dividend Comparison
BTCI's dividend yield for the trailing twelve months is around 48.02%, more than PDI's 16.20% 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% |
PDI PIMCO Dynamic Income Fund | 16.20% | 14.94% | 14.43% | 14.74% | 17.84% | 10.21% | 10.01% | 9.45% | 10.78% | 8.81% | 14.79% | 18.70% |
Frequently Asked Questions
BTCI and PDI have a correlation of 0.20, 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 PDI (3.19%). In terms of maximum drawdown, BTCI dropped -47.16% vs PDI's -46.47%.
PDI currently has the higher Sharpe Ratio (0.12 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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