COIW vs. BTCI

Last updated Jun 3, 2026

COIW (COIN WeeklyPay™ ETF) and BTCI (NEOS Bitcoin High Income ETF) are both exchange-traded funds - COIW is a Derivative Income fund actively managed by Roundhill, while BTCI is a Cryptocurrency fund actively managed by Neos. Both are actively managed. Over the past year, COIW returned -40.15% vs -30.68% for BTCI. A 0.72 correlation means they provide meaningful diversification when combined. Both charge a 0.99% expense ratio.

Performance

COIW vs. BTCI - Performance Comparison

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

Returns By Period

In the year-to-date period, COIW achieves a -29.00% return, which is significantly lower than BTCI's -20.70% return.

COIW

• 1D: -5.58%
• 1M: -10.71%
• YTD: -29.00%
• 6M: -41.30%
• 1Y: -40.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTCI

• 1D: -5.71%
• 1M: -12.46%
• YTD: -20.70%
• 6M: -22.95%
• 1Y: -30.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

COIW vs. BTCI - Yearly Performance Comparison

	2026 (YTD)	2025
COIW COIN WeeklyPay™ ETF	-29.00%	-23.77%
BTCI NEOS Bitcoin High Income ETF	-20.70%	-5.70%

Correlation

The correlation between COIW and BTCI is 0.75, 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	0.75
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	0.73

The correlation between COIW and BTCI has been stable across timeframes, ranging from 0.72 to 0.75 - a consistent structural relationship.

Return for Risk

COIW vs. BTCI — Risk / Return Rank

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

COIW

COIW Risk / Return Rank: 5
COIW Sharpe Ratio Rank: 5
COIW Sortino Ratio Rank: 6
COIW Omega Ratio Rank: 6
COIW Calmar Ratio Rank: 4
COIW Martin Ratio Rank: 4

BTCI

BTCI Risk / Return Rank: 3
BTCI Sharpe Ratio Rank: 2
BTCI Sortino Ratio Rank: 3
BTCI Omega Ratio Rank: 3
BTCI Calmar Ratio Rank: 3
BTCI Martin Ratio Rank: 2

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.

COIW vs. BTCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for COIN WeeklyPay™ ETF (COIW) and NEOS Bitcoin High Income ETF (BTCI). 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.

	COIW	BTCI	Difference
Sharpe ratio Return per unit of total volatility	-0.48	-0.79	+0.32
Sortino ratio Return per unit of downside risk	-0.28	-1.01	+0.72
Omega ratio Gain probability vs. loss probability	0.97	0.88	+0.09
Calmar ratio Return relative to maximum drawdown	-0.54	-0.68	+0.15
Martin ratio Return relative to average drawdown	-0.86	-1.23	+0.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

COIW vs. BTCI - Sharpe Ratio Comparison

The current COIW Sharpe Ratio is -0.48, which is higher than the BTCI Sharpe Ratio of -0.79. The chart below compares the historical Sharpe Ratios of COIW and BTCI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	COIW	BTCI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.48	-0.79	+0.32
Sharpe Ratio (All Time) Calculated using the full available price history	-0.42	0.01	-0.43

Drawdowns

COIW vs. BTCI - Drawdown Comparison

The maximum COIW drawdown since its inception was -74.55%, which is greater than BTCI's maximum drawdown of -44.98%. Use the drawdown chart below to compare losses from any high point for COIW and BTCI.

Drawdown Indicators

	COIW	BTCI	Difference
Max Drawdown Largest peak-to-trough decline	-74.55%	-44.98%	-29.57%
Max Drawdown (1Y) Largest decline over 1 year	-74.55%	-44.98%	-29.57%
Current Drawdown Current decline from peak	-67.85%	-41.37%	-26.48%
Average Drawdown Average peak-to-trough decline	-37.62%	-15.11%	-22.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.49%	24.90%	+21.59%

Volatility

COIW vs. BTCI - Volatility Comparison

COIN WeeklyPay™ ETF (COIW) has a higher volatility of 22.96% compared to NEOS Bitcoin High Income ETF (BTCI) at 8.56%. This indicates that COIW's price experiences larger fluctuations and is considered to be riskier than BTCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COIW	BTCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.96%	8.56%	+14.40%
Volatility (6M) Calculated over the trailing 6-month period	61.71%	31.26%	+30.45%
Volatility (1Y) Calculated over the trailing 1-year period	84.55%	38.85%	+45.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	90.95%	40.11%	+50.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.95%	40.11%	+50.84%

COIW vs. BTCI - Expense Ratio Comparison

Both COIW and BTCI have an expense ratio of 0.99%.

Dividends

COIW vs. BTCI - Dividend Comparison

COIW's dividend yield for the trailing twelve months is around 209.03%, more than BTCI's 42.05% yield.

Position	TTM	2025	2024
BTCI NEOS Bitcoin High Income ETF	42.05%	36.46%	6.76%
COIW COIN WeeklyPay™ ETF	209.03%	120.37%	0.00%

Frequently Asked Questions

Can I hold both COIW and BTCI in my portfolio?

COIW and BTCI have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, COIW or BTCI?

COIW has higher volatility (22.96%) compared to BTCI (8.56%). In terms of maximum drawdown, COIW dropped -74.55% vs BTCI's -44.98%.

Which ETF is better, COIW or BTCI?

On 1-year performance, BTCI leads with -30.68% vs -40.15% for COIW. Both ETFs have the same 0.99% expense ratio. On volatility, BTCI has been the lower-risk option at 8.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, COIW or BTCI?

Over the 1-year period, BTCI has performed better with a -30.68% return vs -40.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, COIW or BTCI?

COIW and BTCI have the same expense ratio: 0.99% per year.

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

COIW has the higher dividend yield at 209.03%, compared with 42.05% for BTCI.

What is the main difference between COIW and BTCI?

COIW is categorized as Derivative Income, while BTCI is Cryptocurrency. They also come from different issuers: Roundhill and Neos.

Which has better risk-adjusted returns?

COIW currently has the higher Sharpe Ratio (-0.48 vs -0.79), 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.