NEHI vs. BITC
NEHI (NEOS Ethereum High Income ETF) and BITC (Bitwise Bitcoin Strategy Optimum Roll ETF) are both Cryptocurrency funds. Both are actively managed. Their 0.54 correlation means they have sometimes moved together and sometimes differently. NEHI charges 0.98%/yr vs 0.88%/yr for BITC.
Performance
NEHI vs. BITC - Performance Comparison
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Returns By Period
In the year-to-date period, NEHI achieves a -34.62% return, which is significantly lower than BITC's -1.71% return.
NEHI
- 1D
- 0.34%
- 1M
- 9.03%
- 6M
- -18.71%
- YTD
- -34.62%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
BITC
- 1D
- 0.05%
- 1M
- -1.27%
- 6M
- -1.08%
- YTD
- -1.71%
- 1Y
- -24.51%
- 3Y*
- 30.36%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 26.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $41.31K | $64.49K | $87.54K | |
| $1.32M | $1.23M | $2.12M |
NEHI vs. BITC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NEHI NEOS Ethereum High Income ETF | -34.62% | -1.24% |
BITC Bitwise Bitcoin Strategy Optimum Roll ETF | -1.71% | -7.61% |
Correlation
The correlation between NEHI and BITC is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 3, 2025 | 0.54 |
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Return for Risk
NEHI vs. BITC — Risk / Return Rank
NEHI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BITC
NEHI vs. BITC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Ethereum High Income ETF (NEHI) and Bitwise Bitcoin Strategy Optimum Roll ETF (BITC). 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.
| NEHI | BITC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.80 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.88 | — |
| Martin ratioReturn relative to average drawdown | — | -1.18 | — |
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Drawdowns
NEHI vs. BITC - Drawdown Comparison
The maximum NEHI drawdown since its inception was -50.12%, which is greater than BITC's maximum drawdown of -38.51%. Use the drawdown chart below to compare losses from any high point for NEHI and BITC.
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Drawdown Indicators
| NEHI | BITC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.12% | -38.51% | -11.61% |
Max Drawdown (1Y)Largest decline over 1 year | — | -27.89% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -38.51% | — |
Current DrawdownCurrent decline from peak | -41.52% | -32.45% | -9.07% |
Average DrawdownAverage peak-to-trough decline | -29.67% | -17.00% | -12.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 20.79% | — |
Volatility
NEHI vs. BITC - Volatility Comparison
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Volatility by Period
| NEHI | BITC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.07% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 18.32% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 56.49% | 25.16% | +31.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.49% | 45.78% | +10.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.49% | 45.78% | +10.71% |
NEHI vs. BITC - Expense Ratio Comparison
NEHI has a 0.98% expense ratio, which is higher than BITC's 0.88% expense ratio.
Dividends
NEHI vs. BITC - Dividend Comparison
NEHI's dividend yield for the trailing twelve months is around 30.56%, more than BITC's 3.42% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BITC Bitwise Bitcoin Strategy Optimum Roll ETF | 3.42% | 3.36% | 42.68% | 5.82% |
NEHI NEOS Ethereum High Income ETF | 30.56% | 2.87% | 0.00% | 0.00% |
Frequently Asked Questions
NEHI and BITC have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BITC is cheaper at 0.88% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BITC is cheaper with a 0.88% expense ratio, compared with 0.98% for NEHI.
NEHI has the higher dividend yield at 30.56%, compared with 3.42% for BITC.
They also come from different issuers: Neos and Bitwise. Their fees differ too: 0.98% for NEHI and 0.88% for BITC.
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