BTCI vs. SLV
BTCI (NEOS Bitcoin High Income ETF) and SLV (iShares Silver Trust) are both exchange-traded funds - BTCI is a Cryptocurrency fund actively managed by Neos, while SLV is a Silver fund tracking the LBMA Silver Price. BTCI is actively managed, while SLV is passively managed. Over the past year, BTCI returned -34.62% vs 81.88% for SLV. At a 0.22 correlation, their price movements are largely independent. BTCI charges 0.99%/yr vs 0.50%/yr for SLV.
Performance
BTCI vs. SLV - 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 SLV's -7.62% return.
BTCI
- 1D
- -2.32%
- 1M
- -16.42%
- YTD
- -25.54%
- 6M
- -25.93%
- 1Y
- -34.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SLV
- 1D
- -1.81%
- 1M
- -12.95%
- YTD
- -7.62%
- 6M
- -2.33%
- 1Y
- 81.88%
- 3Y*
- 38.96%
- 5Y*
- 20.04%
- 10Y*
- 13.58%
BTCI vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTCI NEOS Bitcoin High Income ETF | -25.54% | -1.09% | 26.12% |
SLV iShares Silver Trust | -7.62% | 144.66% | -8.92% |
Correlation
The correlation between BTCI and SLV is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2024 | 0.22 |
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Return for Risk
BTCI vs. SLV — Risk / Return Rank
BTCI
SLV
BTCI vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Bitcoin High Income ETF (BTCI) and iShares Silver Trust (SLV). 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 | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.21 | ||
| Sortino ratioReturn per unit of downside risk | -2.87 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.27 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | 1.75 | -2.49 |
| Martin ratioReturn relative to average drawdown | -1.31 | 3.68 | -4.98 |
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Drawdowns
BTCI vs. SLV - Drawdown Comparison
The maximum BTCI drawdown since its inception was -47.16%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for BTCI and SLV.
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Drawdown Indicators
| BTCI | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.16% | -76.28% | +29.12% |
Max Drawdown (1Y)Largest decline over 1 year | -47.16% | -45.40% | -1.76% |
Max Drawdown (3Y)Largest decline over 3 years | — | -45.40% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.40% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.40% | — |
Current DrawdownCurrent decline from peak | -44.94% | -43.65% | -1.29% |
Average DrawdownAverage peak-to-trough decline | -15.92% | -44.65% | +28.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.71% | 21.52% | +5.19% |
Volatility
BTCI vs. SLV - Volatility Comparison
The current volatility for NEOS Bitcoin High Income ETF (BTCI) is 12.11%, while iShares Silver Trust (SLV) has a volatility of 14.09%. This indicates that BTCI experiences smaller price fluctuations and is considered to be less risky than SLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTCI | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.11% | 14.09% | -1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 31.18% | 59.18% | -28.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.53% | 60.10% | -20.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.31% | 36.50% | +3.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.31% | 32.04% | +8.27% |
BTCI vs. SLV - Expense Ratio Comparison
BTCI has a 0.99% expense ratio, which is higher than SLV's 0.50% expense ratio.
Dividends
BTCI vs. SLV - Dividend Comparison
BTCI's dividend yield for the trailing twelve months is around 48.02%, while SLV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BTCI NEOS Bitcoin High Income ETF | 48.02% | 36.46% | 6.76% |
SLV iShares Silver Trust | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BTCI and SLV have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLV has higher volatility (14.09%) compared to BTCI (12.11%). In terms of maximum drawdown, BTCI dropped -47.16% vs SLV's -76.28%.
On 1-year performance, SLV leads with 81.88% vs -34.62% for BTCI. On fees, SLV is cheaper at 0.50% per year. On volatility, BTCI has been the lower-risk option at 12.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SLV has performed better with a 81.88% return vs -34.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SLV is cheaper with a 0.50% expense ratio, compared with 0.99% for BTCI.
BTCI has the higher dividend yield at 48.02%, compared with 0.00% for SLV.
BTCI is categorized as Cryptocurrency, while SLV is Silver. They also come from different issuers: Neos and iShares. Their fees differ too: 0.99% for BTCI and 0.50% for SLV.
SLV currently has the higher Sharpe Ratio (1.32 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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