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. A 0.50 correlation means they provide meaningful diversification when combined. 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 -37.76% return, which is significantly lower than BITC's -2.70% return.
NEHI
- 1D
- -1.04%
- 1M
- 4.13%
- 6M
- -40.37%
- YTD
- -37.76%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITC
- 1D
- -2.63%
- 1M
- -9.11%
- 6M
- -4.20%
- YTD
- -2.70%
- 1Y
- -26.25%
- 3Y*
- 27.90%
- 5Y*
- —
- 10Y*
- —
NEHI vs. BITC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NEHI NEOS Ethereum High Income ETF | -37.76% | -1.24% |
BITC Bitwise Bitcoin Strategy Optimum Roll ETF | -2.70% | -7.61% |
Correlation
The correlation between NEHI and BITC is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 3, 2025 | 0.50 |
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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 | — | 0.78 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.94 | — |
| Martin ratioReturn relative to average drawdown | — | -1.32 | — |
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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 | -44.33% | -33.13% | -11.20% |
Average DrawdownAverage peak-to-trough decline | -28.53% | -16.75% | -11.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 19.87% | — |
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 | — | 6.65% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.15% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 58.43% | 24.83% | +33.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.43% | 46.05% | +12.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.43% | 46.05% | +12.38% |
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 28.39%, more than BITC's 3.46% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BITC Bitwise Bitcoin Strategy Optimum Roll ETF | 3.46% | 3.36% | 42.68% | 5.82% |
NEHI NEOS Ethereum High Income ETF | 28.39% | 2.87% | 0.00% | 0.00% |
Frequently Asked Questions
NEHI and BITC have a correlation of 0.50, 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 28.39%, compared with 3.46% 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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