NEHI vs. STRC

Last updated Jun 6, 2026

NEHI (NEOS Ethereum High Income ETF) is Cryptocurrency fund actively managed by Neos, while STRC (MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock) is a stock. At a 0.41 correlation, their price movements are largely independent.

Performance

NEHI vs. STRC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Ethereum High Income ETF (NEHI) and MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock (STRC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NEHI achieves a -43.71% return, which is significantly lower than STRC's -0.86% return.

NEHI

• 1D: -10.96%
• 1M: -30.98%
• YTD: -43.71%
• 6M: -43.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

STRC

• 1D: -2.12%
• 1M: -5.67%
• YTD: -0.86%
• 6M: 0.66%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NEHI vs. STRC - Yearly Performance Comparison

	2026 (YTD)	2025
NEHI NEOS Ethereum High Income ETF	-43.71%	-3.02%
STRC MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock	-0.86%	1.52%

Correlation

The correlation between NEHI and STRC is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025	0.41

Return for Risk

NEHI vs. STRC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Ethereum High Income ETF (NEHI) and MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock (STRC). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	NEHI	STRC	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.20	0.78	-1.97

Drawdowns

NEHI vs. STRC - Drawdown Comparison

The maximum NEHI drawdown since its inception was -49.66%, which is greater than STRC's maximum drawdown of -6.39%. Use the drawdown chart below to compare losses from any high point for NEHI and STRC.

Drawdown Indicators

	NEHI	STRC	Difference
Max Drawdown Largest peak-to-trough decline	-49.66%	-6.39%	-43.27%
Current Drawdown Current decline from peak	-49.66%	-6.10%	-43.56%
Average Drawdown Average peak-to-trough decline	-25.43%	-0.57%	-24.86%

Volatility

Volatility by Period

	NEHI	STRC	Difference
Volatility (1Y) Calculated over the trailing 1-year period	58.91%	12.63%	+46.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.91%	12.63%	+46.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.91%	12.63%	+46.28%

Dividends

NEHI vs. STRC - Dividend Comparison

NEHI's dividend yield for the trailing twelve months is around 27.76%, more than STRC's 9.62% yield.

Position	TTM	2025
NEHI NEOS Ethereum High Income ETF	27.76%	2.87%
STRC MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock	9.62%	4.31%

Frequently Asked Questions

Can I hold both NEHI and STRC in my portfolio?

NEHI and STRC have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.