BTCI vs. UTG
BTCI (NEOS Bitcoin High Income ETF) is Cryptocurrency fund actively managed by Neos, while UTG (Reaves Utility Income Trust) is a stock. Over the past year, BTCI returned -34.62% vs 28.68% for UTG. At a 0.33 correlation, their price movements are largely independent.
Performance
BTCI vs. UTG - 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 UTG's 17.89% return.
BTCI
- 1D
- -2.32%
- 1M
- -16.42%
- YTD
- -25.54%
- 6M
- -25.93%
- 1Y
- -34.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UTG
- 1D
- 2.23%
- 1M
- -0.58%
- YTD
- 17.89%
- 6M
- 20.01%
- 1Y
- 28.68%
- 3Y*
- 23.31%
- 5Y*
- 11.90%
- 10Y*
- 10.66%
BTCI vs. UTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTCI NEOS Bitcoin High Income ETF | -25.54% | -1.09% | 26.12% |
UTG Reaves Utility Income Trust | 17.89% | 23.24% | -1.32% |
Correlation
The correlation between BTCI and UTG is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2024 | 0.33 |
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Return for Risk
BTCI vs. UTG — Risk / Return Rank
BTCI
UTG
BTCI vs. UTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Bitcoin High Income ETF (BTCI) and Reaves Utility Income Trust (UTG). 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 | UTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.58 | ||
| Sortino ratioReturn per unit of downside risk | -3.39 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.29 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | 2.52 | -3.27 |
| Martin ratioReturn relative to average drawdown | -1.31 | 5.48 | -6.79 |
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Drawdowns
BTCI vs. UTG - Drawdown Comparison
The maximum BTCI drawdown since its inception was -47.16%, smaller than the maximum UTG drawdown of -67.77%. Use the drawdown chart below to compare losses from any high point for BTCI and UTG.
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Drawdown Indicators
| BTCI | UTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.16% | -67.77% | +20.61% |
Max Drawdown (1Y)Largest decline over 1 year | -47.16% | -11.59% | -35.57% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.03% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.54% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.91% | — |
Current DrawdownCurrent decline from peak | -44.94% | -2.65% | -42.29% |
Average DrawdownAverage peak-to-trough decline | -15.92% | -8.73% | -7.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.71% | 5.33% | +21.38% |
Volatility
BTCI vs. UTG - Volatility Comparison
NEOS Bitcoin High Income ETF (BTCI) has a higher volatility of 12.11% compared to Reaves Utility Income Trust (UTG) at 6.16%. This indicates that BTCI's price experiences larger fluctuations and is considered to be riskier than UTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTCI | UTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.11% | 6.16% | +5.95% |
Volatility (6M)Calculated over the trailing 6-month period | 31.18% | 13.51% | +17.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.53% | 17.27% | +22.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.31% | 16.94% | +23.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.31% | 21.63% | +18.68% |
Dividends
BTCI vs. UTG - Dividend Comparison
BTCI's dividend yield for the trailing twelve months is around 48.02%, more than UTG's 5.70% 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% |
UTG Reaves Utility Income Trust | 5.70% | 6.42% | 7.19% | 8.53% | 8.07% | 6.35% | 6.59% | 5.69% | 6.86% | 6.21% | 9.02% | 6.86% |
Frequently Asked Questions
BTCI and UTG have a correlation of 0.35, 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 UTG (6.16%). In terms of maximum drawdown, BTCI dropped -47.16% vs UTG's -67.77%.
UTG currently has the higher Sharpe Ratio (1.70 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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