BTCI vs. QQQ

Last updated Aug 2, 2026

BTCI (NEOS Bitcoin High Income ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - BTCI is a Cryptocurrency fund actively managed by Neos, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. BTCI is actively managed, while QQQ is passively managed. Over the past year, BTCI returned -40.21% vs 24.81% for QQQ. Their 0.47 correlation means their historical movements had little consistent relationship. BTCI charges 0.99%/yr vs 0.18%/yr for QQQ.

Performance

BTCI vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Bitcoin High Income ETF (BTCI) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BTCI achieves a -25.73% return, which is significantly lower than QQQ's 12.26% return.

BTCI

• 1D: -2.39%
• 1M: 2.51%
• 6M: -23.02%
• YTD: -25.73%
• 1Y: -40.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -4.18%

QQQ

• 1D: 0.65%
• 1M: -3.45%
• 6M: 10.89%
• YTD: 12.26%
• 1Y: 24.81%
• 3Y*: 22.29%
• 5Y*: 14.23%
• 10Y*: 20.44%
• ALL TIME*: 10.64%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BTCI NEOS Bitcoin High Income ETF	$12.53M	$12.80M	$22.67M
QQQ Invesco QQQ ETF	$30.32B	$28.40B	$31.45B

BTCI vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BTCI NEOS Bitcoin High Income ETF	-25.73%	-1.09%	26.12%
QQQ Invesco QQQ ETF	12.26%	20.77%	4.31%

Correlation

The correlation between BTCI and QQQ is 0.49, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.49
Correlation (All Time) Calculated using the full available price history since Oct 17, 2024	0.47

Return for Risk

BTCI vs. QQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BTCI

BTCI Risk / Return Rank: 1
BTCI Sharpe Ratio Rank: 1
BTCI Sortino Ratio Rank: 2
BTCI Omega Ratio Rank: 2
BTCI Calmar Ratio Rank: 2
BTCI Martin Ratio Rank: 1

QQQ

QQQ Risk / Return Rank: 49
QQQ Sharpe Ratio Rank: 47
QQQ Sortino Ratio Rank: 46
QQQ Omega Ratio Rank: 45
QQQ Calmar Ratio Rank: 53
QQQ Martin Ratio Rank: 52

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BTCI vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Bitcoin High Income ETF (BTCI) and Invesco QQQ ETF (QQQ). 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	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	-1.05	1.16	-2.21
Sortino ratio: Return per unit of downside risk	-1.53	1.65	-3.18
Omega ratio: Gain probability vs. loss probability	0.83	1.21	-0.38
Calmar ratio: Return relative to maximum drawdown	-0.87	1.88	-2.74
Martin ratio: Return relative to average drawdown	-1.36	6.00	-7.36

BTCI vs. QQQ - Sharpe Ratio Comparison

The current BTCI Sharpe Ratio is -1.05, which is lower than the QQQ Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of BTCI and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BTCI vs. QQQ - Drawdown Comparison

The maximum BTCI drawdown since its inception was -48.42%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for BTCI and QQQ.

Drawdown Indicators

	BTCI	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-48.42%	-82.97%	+34.55%
Max Drawdown (1Y) Largest decline over 1 year	-48.42%	-11.96%	-36.46%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	-45.08%	-7.69%	-37.39%
Average Drawdown Average peak-to-trough decline	-17.81%	-32.62%	+14.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.79%	3.74%	+27.05%

Volatility

BTCI vs. QQQ - Volatility Comparison

NEOS Bitcoin High Income ETF (BTCI) has a higher volatility of 7.31% compared to Invesco QQQ ETF (QQQ) at 6.87%. This indicates that BTCI's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTCI	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.31%	6.87%	+0.44%
Volatility (6M) Calculated over the trailing 6-month period	30.70%	16.08%	+14.62%
Volatility (1Y) Calculated over the trailing 1-year period	40.00%	19.38%	+20.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.67%	22.90%	+16.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.67%	22.50%	+17.17%

BTCI vs. QQQ - Expense Ratio Comparison

BTCI has a 0.99% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

BTCI vs. QQQ - Dividend Comparison

BTCI's dividend yield for the trailing twelve months is around 41.26%, more than QQQ's 0.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BTCI NEOS Bitcoin High Income ETF	41.26%	36.46%	6.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQ Invesco QQQ ETF	0.44%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Frequently Asked Questions

Can I hold both BTCI and QQQ in my portfolio?

BTCI and QQQ have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BTCI or QQQ?

BTCI has higher volatility (7.31%) compared to QQQ (6.87%). In terms of maximum drawdown, BTCI dropped -48.42% vs QQQ's -82.97%.

Which ETF is better, BTCI or QQQ?

On 1-year performance, QQQ leads with 24.81% vs -40.21% for BTCI. On fees, QQQ is cheaper at 0.18% per year. On volatility, QQQ has been the lower-risk option at 6.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BTCI or QQQ?

Over the 1-year period, QQQ has performed better with a 24.81% return vs -40.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BTCI or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.99% for BTCI.

Which ETF pays a higher dividend yield, BTCI or QQQ?

BTCI has the higher dividend yield at 41.26%, compared with 0.44% for QQQ.

What is the main difference between BTCI and QQQ?

BTCI is categorized as Cryptocurrency, while QQQ is Nasdaq-100. They also come from different issuers: Neos and Invesco. Their fees differ too: 0.99% for BTCI and 0.18% for QQQ.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (1.16 vs -1.05), 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.