TEI vs. BTCI
TEI (Templeton Emerging Markets Income Fund) and BTCI (NEOS Bitcoin High Income ETF) are both funds - TEI is a Emerging Markets Bonds fund managed by Franklin Templeton Investments, while BTCI is a Cryptocurrency fund actively managed by Neos. Over the past year, TEI returned 28.58% vs -40.76% for BTCI. At a 0.22 correlation, their price movements are largely independent.
Performance
TEI vs. BTCI - Performance Comparison
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Returns By Period
In the year-to-date period, TEI achieves a 6.11% return, which is significantly higher than BTCI's -29.86% return.
TEI
- 1D
- 0.92%
- 1M
- 3.74%
- YTD
- 6.11%
- 6M
- 7.44%
- 1Y
- 28.58%
- 3Y*
- 22.19%
- 5Y*
- 8.34%
- 10Y*
- 5.29%
BTCI
- 1D
- -0.88%
- 1M
- -20.99%
- YTD
- -29.86%
- 6M
- -29.65%
- 1Y
- -40.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TEI vs. BTCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TEI Templeton Emerging Markets Income Fund | 6.11% | 45.41% | -8.89% |
BTCI NEOS Bitcoin High Income ETF | -29.86% | -1.09% | 26.12% |
Correlation
The correlation between TEI and BTCI is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2024 | 0.22 |
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Return for Risk
TEI vs. BTCI — Risk / Return Rank
TEI
BTCI
TEI vs. BTCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Templeton Emerging Markets Income Fund (TEI) 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.
| TEI | BTCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.86 | ||
| Sortino ratioReturn per unit of downside risk | +3.95 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.83 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | -0.85 | +2.83 |
| Martin ratioReturn relative to average drawdown | 6.33 | -1.49 | +7.83 |
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Drawdowns
TEI vs. BTCI - Drawdown Comparison
The maximum TEI drawdown since its inception was -51.50%, which is greater than BTCI's maximum drawdown of -48.13%. Use the drawdown chart below to compare losses from any high point for TEI and BTCI.
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Drawdown Indicators
| TEI | BTCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.50% | -48.13% | -3.37% |
Max Drawdown (1Y)Largest decline over 1 year | -14.49% | -48.13% | +33.64% |
Max Drawdown (3Y)Largest decline over 3 years | -14.79% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -39.74% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -43.83% | — | — |
Current DrawdownCurrent decline from peak | -2.79% | -48.13% | +45.34% |
Average DrawdownAverage peak-to-trough decline | -10.75% | -16.20% | +5.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.52% | 27.33% | -22.81% |
Volatility
TEI vs. BTCI - Volatility Comparison
The current volatility for Templeton Emerging Markets Income Fund (TEI) is 3.81%, while NEOS Bitcoin High Income ETF (BTCI) has a volatility of 12.99%. This indicates that TEI 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.
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Volatility by Period
| TEI | BTCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | 12.99% | -9.18% |
Volatility (6M)Calculated over the trailing 6-month period | 12.32% | 31.43% | -19.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.66% | 39.86% | -24.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.44% | 40.37% | -20.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.56% | 40.37% | -22.81% |
Dividends
TEI vs. BTCI - Dividend Comparison
TEI's dividend yield for the trailing twelve months is around 13.36%, less than BTCI's 45.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTCI NEOS Bitcoin High Income ETF | 45.80% | 36.46% | 6.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TEI Templeton Emerging Markets Income Fund | 13.36% | 13.57% | 11.11% | 11.09% | 11.88% | 10.44% | 7.34% | 8.51% | 9.27% | 5.56% | 7.33% | 8.24% |
Frequently Asked Questions
TEI and BTCI have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTCI has higher volatility (12.99%) compared to TEI (3.81%). In terms of maximum drawdown, TEI dropped -51.50% vs BTCI's -48.13%.
TEI currently has the higher Sharpe Ratio (1.83 vs -1.03), 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.
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