FSCO vs. BTCI

Last updated Jun 20, 2026

FSCO (FS Credit Opportunities Corp.) is a stock, while BTCI (NEOS Bitcoin High Income ETF) is Cryptocurrency fund actively managed by Neos. Over the past year, FSCO returned -22.70% vs -34.62% for BTCI. At a 0.22 correlation, their price movements are largely independent.

Performance

FSCO vs. BTCI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FS Credit Opportunities Corp. (FSCO) 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, FSCO achieves a -17.20% return, which is significantly higher than BTCI's -25.54% return.

FSCO

• 1D: -0.60%
• 1M: -2.57%
• YTD: -17.20%
• 6M: -13.96%
• 1Y: -22.70%
• 3Y*: 14.91%
• 5Y*: —
• 10Y*: —

BTCI

• 1D: -2.32%
• 1M: -16.42%
• YTD: -25.54%
• 6M: -25.93%
• 1Y: -34.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FSCO vs. BTCI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FSCO FS Credit Opportunities Corp.	-17.20%	3.68%	4.75%
BTCI NEOS Bitcoin High Income ETF	-25.54%	-1.09%	26.12%

Correlation

The correlation between FSCO and BTCI is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (All Time) Calculated using the full available price history since Oct 17, 2024	0.22

Return for Risk

FSCO vs. BTCI — Risk / Return Rank

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

FSCO

FSCO Risk / Return Rank: 12
FSCO Sharpe Ratio Rank: 8
FSCO Sortino Ratio Rank: 11
FSCO Omega Ratio Rank: 11
FSCO Calmar Ratio Rank: 19
FSCO Martin Ratio Rank: 12

BTCI

BTCI Risk / Return Rank: 2
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.

FSCO vs. BTCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FS Credit Opportunities Corp. (FSCO) 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.

	FSCO	BTCI	Difference
Sharpe ratio: Return per unit of total volatility	-0.83	-0.89	+0.06
Sortino ratio: Return per unit of downside risk	-1.03	-1.19	+0.17
Omega ratio: Gain probability vs. loss probability	0.86	0.86	0.00
Calmar ratio: Return relative to maximum drawdown	-0.64	-0.74	+0.10
Martin ratio: Return relative to average drawdown	-1.26	-1.31	+0.05

FSCO vs. BTCI - Sharpe Ratio Comparison

The current FSCO Sharpe Ratio is -0.83, which is comparable to the BTCI Sharpe Ratio of -0.89. The chart below compares the historical Sharpe Ratios of FSCO 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

FSCO vs. BTCI - Drawdown Comparison

The maximum FSCO drawdown since its inception was -35.53%, smaller than the maximum BTCI drawdown of -47.16%. Use the drawdown chart below to compare losses from any high point for FSCO and BTCI.

Drawdown Indicators

	FSCO	BTCI	Difference
Max Drawdown Largest peak-to-trough decline	-35.53%	-47.16%	+11.63%
Max Drawdown (1Y) Largest decline over 1 year	-35.53%	-47.16%	+11.63%
Max Drawdown (3Y) Largest decline over 3 years	-35.53%	—	—
Current Drawdown Current decline from peak	-27.71%	-44.94%	+17.23%
Average Drawdown Average peak-to-trough decline	-8.11%	-15.92%	+7.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.93%	26.71%	-8.78%

Volatility

FSCO vs. BTCI - Volatility Comparison

The current volatility for FS Credit Opportunities Corp. (FSCO) is 6.04%, while NEOS Bitcoin High Income ETF (BTCI) has a volatility of 12.11%. This indicates that FSCO 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

	FSCO	BTCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.04%	12.11%	-6.07%
Volatility (6M) Calculated over the trailing 6-month period	22.58%	31.18%	-8.60%
Volatility (1Y) Calculated over the trailing 1-year period	27.39%	39.53%	-12.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.18%	40.31%	-12.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.18%	40.31%	-12.13%

Dividends

FSCO vs. BTCI - Dividend Comparison

FSCO's dividend yield for the trailing twelve months is around 15.92%, less than BTCI's 48.02% yield.

Position	TTM	2025	2024	2023	2022
BTCI NEOS Bitcoin High Income ETF	48.02%	36.46%	6.76%	0.00%	0.00%
FSCO FS Credit Opportunities Corp.	15.92%	12.65%	10.47%	11.26%	1.95%

Frequently Asked Questions

Can I hold both FSCO and BTCI in my portfolio?

FSCO and BTCI have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSCO or BTCI?

BTCI has higher volatility (12.11%) compared to FSCO (6.04%). In terms of maximum drawdown, FSCO dropped -35.53% vs BTCI's -47.16%.

Which has better risk-adjusted returns?

FSCO currently has the higher Sharpe Ratio (-0.83 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.