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BTCI vs. STRK
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

BTCI vs. STRK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Bitcoin High Income ETF (BTCI) and Strategy Inc. 8.00% Series A Perpetual Strike Preferred Stock (STRK). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BTCI achieves a -23.73% return, which is significantly lower than STRK's -16.81% return.


BTCI

1D
2.44%
1M
-14.38%
YTD
-23.73%
6M
-24.54%
1Y
-33.02%
3Y*
5Y*
10Y*

STRK

1D
-0.55%
1M
-13.43%
YTD
-16.81%
6M
-21.03%
1Y
-33.31%
3Y*
5Y*
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

BTCI vs. STRK - Yearly Performance Comparison


Correlation

The correlation between BTCI and STRK is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.58

Correlation (All Time)
Calculated using the full available price history since Feb 6, 2025

0.56

The correlation between BTCI and STRK has been stable across timeframes, ranging from 0.56 to 0.58 - a consistent structural relationship.

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Return for Risk

BTCI vs. STRK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BTCI
BTCI Risk / Return Rank: 33
Overall Rank
BTCI Sharpe Ratio Rank: 22
Sharpe Ratio Rank
BTCI Sortino Ratio Rank: 33
Sortino Ratio Rank
BTCI Omega Ratio Rank: 33
Omega Ratio Rank
BTCI Calmar Ratio Rank: 33
Calmar Ratio Rank
BTCI Martin Ratio Rank: 33
Martin Ratio Rank

STRK
STRK Risk / Return Rank: 1111
Overall Rank
STRK Sharpe Ratio Rank: 77
Sharpe Ratio Rank
STRK Sortino Ratio Rank: 88
Sortino Ratio Rank
STRK Omega Ratio Rank: 99
Omega Ratio Rank
STRK Calmar Ratio Rank: 1414
Calmar Ratio Rank
STRK Martin Ratio Rank: 1818
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BTCI vs. STRK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Bitcoin High Income ETF (BTCI) and Strategy Inc. 8.00% Series A Perpetual Strike Preferred Stock (STRK). 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.


BTCISTRKDifference
Sharpe ratioReturn per unit of total volatility

+0.08

Sortino ratioReturn per unit of downside risk

+0.24

Omega ratioGain probability vs. loss probability

0.87

0.85

+0.02

Calmar ratioReturn relative to maximum drawdown

-0.70

-0.73

+0.03

Martin ratioReturn relative to average drawdown

-1.23

-1.11

-0.12

BTCI vs. STRK - Sharpe Ratio Comparison

The current BTCI Sharpe Ratio is -0.84, which is comparable to the STRK Sharpe Ratio of -0.92. The chart below compares the historical Sharpe Ratios of BTCI and STRK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Drawdowns

BTCI vs. STRK - Drawdown Comparison

The maximum BTCI drawdown since its inception was -47.16%, roughly equal to the maximum STRK drawdown of -45.54%. Use the drawdown chart below to compare losses from any high point for BTCI and STRK.


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Drawdown Indicators


BTCISTRKDifference

Max Drawdown

Largest peak-to-trough decline

-47.16%

-45.54%

-1.62%

Max Drawdown (1Y)

Largest decline over 1 year

-47.16%

-45.54%

-1.62%

Current Drawdown

Current decline from peak

-43.60%

-45.54%

+1.94%

Average Drawdown

Average peak-to-trough decline

-15.98%

-22.39%

+6.41%

Ulcer Index

Depth and duration of drawdowns from previous peaks

26.85%

30.06%

-3.21%

Volatility

BTCI vs. STRK - Volatility Comparison

NEOS Bitcoin High Income ETF (BTCI) and Strategy Inc. 8.00% Series A Perpetual Strike Preferred Stock (STRK) have volatilities of 12.42% and 12.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


BTCISTRKDifference

Volatility (1M)

Calculated over the trailing 1-month period

12.42%

12.27%

+0.15%

Volatility (6M)

Calculated over the trailing 6-month period

31.24%

23.93%

+7.31%

Volatility (1Y)

Calculated over the trailing 1-year period

39.69%

36.51%

+3.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

40.30%

35.68%

+4.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

40.30%

35.68%

+4.62%

Dividends

BTCI vs. STRK - Dividend Comparison

BTCI's dividend yield for the trailing twelve months is around 46.88%, more than STRK's 16.61% yield.


PositionTTM20252024
BTCI
NEOS Bitcoin High Income ETF
46.88%36.46%6.76%
STRK
Strategy Inc. 8.00% Series A Perpetual Strike Preferred Stock
16.61%9.19%0.00%

Frequently Asked Questions


BTCI and STRK have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BTCI has higher volatility (12.42%) compared to STRK (12.27%). In terms of maximum drawdown, BTCI dropped -47.16% vs STRK's -45.54%.

BTCI currently has the higher Sharpe Ratio (-0.84 vs -0.92), 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.

Portfolio Optimizer

Find the right allocation for BTCI and STRK

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