FOXY vs. BTCI

Last updated Aug 2, 2026

FOXY (Simplify Currency Strategy ETF) and BTCI (NEOS Bitcoin High Income ETF) are both exchange-traded funds - FOXY is a Leveraged Currency fund actively managed by Simplify, while BTCI is a Cryptocurrency fund actively managed by Neos. Both are actively managed. Over the past year, FOXY returned 18.10% vs -40.21% for BTCI. Their 0.07 correlation means their historical movements had little consistent relationship. FOXY charges 0.81%/yr vs 0.99%/yr for BTCI.

Performance

FOXY vs. BTCI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Currency Strategy ETF (FOXY) 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, FOXY achieves a 10.41% return, which is significantly higher than BTCI's -25.73% return.

FOXY

• 1D: 1.46%
• 1M: -3.30%
• 6M: 6.47%
• YTD: 10.41%
• 1Y: 18.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.26%

BTCI

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

*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
FOXY Simplify Currency Strategy ETF	$2.54M	$2.40M	$2.39M

FOXY vs. BTCI - Yearly Performance Comparison

	2026 (YTD)	2025
FOXY Simplify Currency Strategy ETF	10.41%	14.71%
BTCI NEOS Bitcoin High Income ETF	-25.73%	-9.65%

Correlation

The correlation between FOXY and BTCI is 0.00, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.00
Correlation (All Time) Calculated using the full available price history since Feb 4, 2025	0.07

Return for Risk

FOXY vs. BTCI — Risk / Return Rank

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

FOXY

FOXY Risk / Return Rank: 86
FOXY Sharpe Ratio Rank: 84
FOXY Sortino Ratio Rank: 87
FOXY Omega Ratio Rank: 83
FOXY Calmar Ratio Rank: 91
FOXY Martin Ratio Rank: 84

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

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.

FOXY vs. BTCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Currency Strategy ETF (FOXY) 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.

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.

	FOXY	BTCI	Difference
Sharpe ratio: Return per unit of total volatility	1.97	-1.05	+3.01
Sortino ratio: Return per unit of downside risk	2.90	-1.53	+4.43
Omega ratio: Gain probability vs. loss probability	1.35	0.83	+0.53
Calmar ratio: Return relative to maximum drawdown	3.93	-0.87	+4.79
Martin ratio: Return relative to average drawdown	11.42	-1.36	+12.78

FOXY vs. BTCI - Sharpe Ratio Comparison

The current FOXY Sharpe Ratio is 1.97, which is higher than the BTCI Sharpe Ratio of -1.05. The chart below compares the historical Sharpe Ratios of FOXY 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.

Drawdowns

FOXY vs. BTCI - Drawdown Comparison

The maximum FOXY drawdown since its inception was -13.09%, smaller than the maximum BTCI drawdown of -48.42%. Use the drawdown chart below to compare losses from any high point for FOXY and BTCI.

Drawdown Indicators

	FOXY	BTCI	Difference
Max Drawdown Largest peak-to-trough decline	-13.09%	-48.42%	+35.33%
Max Drawdown (1Y) Largest decline over 1 year	-5.08%	-48.42%	+43.34%
Current Drawdown Current decline from peak	-3.69%	-45.08%	+41.39%
Average Drawdown Average peak-to-trough decline	-2.07%	-17.81%	+15.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.74%	30.79%	-29.05%

Volatility

FOXY vs. BTCI - Volatility Comparison

The current volatility for Simplify Currency Strategy ETF (FOXY) is 2.73%, while NEOS Bitcoin High Income ETF (BTCI) has a volatility of 7.31%. This indicates that FOXY experiences smaller price fluctuations and is considered to be less risky than BTCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FOXY	BTCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.73%	7.31%	-4.58%
Volatility (6M) Calculated over the trailing 6-month period	7.35%	30.70%	-23.35%
Volatility (1Y) Calculated over the trailing 1-year period	10.13%	40.00%	-29.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.60%	39.67%	-25.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.60%	39.67%	-25.07%

FOXY vs. BTCI - Expense Ratio Comparison

FOXY has a 0.81% expense ratio, which is lower than BTCI's 0.99% expense ratio.

Dividends

FOXY vs. BTCI - Dividend Comparison

FOXY's dividend yield for the trailing twelve months is around 8.70%, less than BTCI's 41.26% yield.

Position	TTM	2025	2024
BTCI NEOS Bitcoin High Income ETF	41.26%	36.46%	6.76%
FOXY Simplify Currency Strategy ETF	8.70%	5.51%	0.00%

Frequently Asked Questions

Can I hold both FOXY and BTCI in my portfolio?

FOXY and BTCI have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FOXY or BTCI?

BTCI has higher volatility (7.31%) compared to FOXY (2.73%). In terms of maximum drawdown, FOXY dropped -13.09% vs BTCI's -48.42%.

Which ETF is better, FOXY or BTCI?

On 1-year performance, FOXY leads with 18.10% vs -40.21% for BTCI. On fees, FOXY is cheaper at 0.81% per year. On volatility, FOXY has been the lower-risk option at 2.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FOXY or BTCI?

Over the 1-year period, FOXY has performed better with a 18.10% return vs -40.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FOXY or BTCI?

FOXY is cheaper with a 0.81% expense ratio, compared with 0.99% for BTCI.

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

BTCI has the higher dividend yield at 41.26%, compared with 8.70% for FOXY.

What is the main difference between FOXY and BTCI?

FOXY is categorized as Leveraged Currency, while BTCI is Cryptocurrency. They also come from different issuers: Simplify and Neos. Their fees differ too: 0.81% for FOXY and 0.99% for BTCI.

Which has better risk-adjusted returns?

FOXY currently has the higher Sharpe Ratio (1.97 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.