NEHI vs. YBTC
NEHI (NEOS Ethereum High Income ETF) and YBTC (Roundhill Bitcoin Covered Call Strategy ETF) are both Cryptocurrency funds. Both are actively managed. Their correlation of 0.85 suggests significant overlap in exposure. NEHI charges 0.98%/yr vs 0.95%/yr for YBTC.
Performance
NEHI vs. YBTC - Performance Comparison
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Returns By Period
In the year-to-date period, NEHI achieves a -36.78% return, which is significantly lower than YBTC's -25.51% return.
NEHI
- 1D
- -1.50%
- 1M
- -23.11%
- YTD
- -36.78%
- 6M
- -38.94%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YBTC
- 1D
- -2.77%
- 1M
- -19.76%
- YTD
- -25.51%
- 6M
- -28.64%
- 1Y
- -36.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NEHI vs. YBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NEHI NEOS Ethereum High Income ETF | -36.78% | -3.02% |
YBTC Roundhill Bitcoin Covered Call Strategy ETF | -25.51% | -4.33% |
Correlation
The correlation between NEHI and YBTC is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025 | 0.85 |
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Return for Risk
NEHI vs. YBTC — Risk / Return Rank
NEHI
YBTC
NEHI vs. YBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Ethereum High Income ETF (NEHI) and Roundhill Bitcoin Covered Call Strategy ETF (YBTC). 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.
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Sharpe Ratios by Period
| NEHI | YBTC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.94 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.10 | 0.13 | -1.23 |
Drawdowns
NEHI vs. YBTC - Drawdown Comparison
The maximum NEHI drawdown since its inception was -43.46%, smaller than the maximum YBTC drawdown of -47.09%. Use the drawdown chart below to compare losses from any high point for NEHI and YBTC.
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Drawdown Indicators
| NEHI | YBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.46% | -47.09% | +3.63% |
Max Drawdown (1Y)Largest decline over 1 year | — | -47.09% | — |
Current DrawdownCurrent decline from peak | -43.46% | -45.60% | +2.14% |
Average DrawdownAverage peak-to-trough decline | -25.23% | -12.94% | -12.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 25.85% | — |
Volatility
NEHI vs. YBTC - Volatility Comparison
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Volatility by Period
| NEHI | YBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.73% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 31.30% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 57.19% | 39.25% | +17.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.19% | 40.82% | +16.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.19% | 40.82% | +16.37% |
NEHI vs. YBTC - Expense Ratio Comparison
NEHI has a 0.98% expense ratio, which is higher than YBTC's 0.95% expense ratio.
Dividends
NEHI vs. YBTC - Dividend Comparison
NEHI's dividend yield for the trailing twelve months is around 24.72%, less than YBTC's 90.64% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
NEHI NEOS Ethereum High Income ETF | 24.72% | 2.87% | 0.00% |
YBTC Roundhill Bitcoin Covered Call Strategy ETF | 90.64% | 76.04% | 44.53% |
Frequently Asked Questions
NEHI and YBTC have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, YBTC is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
YBTC is cheaper with a 0.95% expense ratio, compared with 0.98% for NEHI.
YBTC has the higher dividend yield at 90.64%, compared with 24.72% for NEHI.
They also come from different issuers: Neos and Roundhill. Their fees differ too: 0.98% for NEHI and 0.95% for YBTC.
Find the right allocation for NEHI and YBTC
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