TSLP vs. BTCI

Last updated Jun 24, 2026

TSLP (Kurv Yield Premium Strategy Tesla ETF) and BTCI (NEOS Bitcoin High Income ETF) are both exchange-traded funds - TSLP is a Derivative Income fund actively managed by Kurv, while BTCI is a Cryptocurrency fund actively managed by Neos. Both are actively managed. Over the past year, TSLP returned 1.58% vs -35.09% for BTCI. At a 0.45 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

TSLP vs. BTCI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Yield Premium Strategy Tesla ETF (TSLP) and NEOS Bitcoin High Income ETF (BTCI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSLP achieves a -18.90% return, which is significantly higher than BTCI's -26.19% return.

TSLP

• 1D: -6.26%
• 1M: -11.44%
• YTD: -18.90%
• 6M: -24.71%
• 1Y: 1.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTCI

• 1D: -3.23%
• 1M: -17.15%
• YTD: -26.19%
• 6M: -26.22%
• 1Y: -35.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSLP vs. BTCI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TSLP Kurv Yield Premium Strategy Tesla ETF	-18.90%	9.77%	54.30%
BTCI NEOS Bitcoin High Income ETF	-26.19%	-1.09%	26.12%

Correlation

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

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (All Time) Calculated using the full available price history since Oct 17, 2024	0.45

Return for Risk

TSLP vs. BTCI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TSLP

TSLP Risk / Return Rank: 9
TSLP Sharpe Ratio Rank: 9
TSLP Sortino Ratio Rank: 10
TSLP Omega Ratio Rank: 10
TSLP Calmar Ratio Rank: 9
TSLP Martin Ratio Rank: 9

BTCI

BTCI Risk / Return Rank: 2
BTCI Sharpe Ratio Rank: 2
BTCI Sortino Ratio Rank: 2
BTCI Omega Ratio Rank: 2
BTCI Calmar Ratio Rank: 3
BTCI Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TSLP vs. BTCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Tesla ETF (TSLP) 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.

	TSLP	BTCI	Difference
Sharpe ratio: Return per unit of total volatility	0.04	-0.89	+0.92
Sortino ratio: Return per unit of downside risk	0.34	-1.19	+1.53
Omega ratio: Gain probability vs. loss probability	1.04	0.86	+0.18
Calmar ratio: Return relative to maximum drawdown	0.05	-0.75	+0.80
Martin ratio: Return relative to average drawdown	0.11	-1.30	+1.42

TSLP vs. BTCI - Sharpe Ratio Comparison

The current TSLP Sharpe Ratio is 0.04, which is higher than the BTCI Sharpe Ratio of -0.89. The chart below compares the historical Sharpe Ratios of TSLP and BTCI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TSLP vs. BTCI - Drawdown Comparison

The maximum TSLP drawdown since its inception was -46.00%, roughly equal to the maximum BTCI drawdown of -47.16%. Use the drawdown chart below to compare losses from any high point for TSLP and BTCI.

Drawdown Indicators

	TSLP	BTCI	Difference
Max Drawdown Largest peak-to-trough decline	-46.00%	-47.16%	+1.16%
Max Drawdown (1Y) Largest decline over 1 year	-32.00%	-47.16%	+15.16%
Current Drawdown Current decline from peak	-25.09%	-45.42%	+20.33%
Average Drawdown Average peak-to-trough decline	-15.82%	-16.05%	+0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.90%	27.00%	-13.10%

Volatility

TSLP vs. BTCI - Volatility Comparison

Kurv Yield Premium Strategy Tesla ETF (TSLP) has a higher volatility of 15.89% compared to NEOS Bitcoin High Income ETF (BTCI) at 12.63%. This indicates that TSLP's price experiences larger fluctuations and is considered to be riskier than BTCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSLP	BTCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.89%	12.63%	+3.26%
Volatility (6M) Calculated over the trailing 6-month period	30.80%	31.38%	-0.58%
Volatility (1Y) Calculated over the trailing 1-year period	42.02%	39.73%	+2.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.85%	40.33%	+8.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.85%	40.33%	+8.52%

TSLP vs. BTCI - Expense Ratio Comparison

Both TSLP and BTCI have an expense ratio of 0.99%.

Dividends

TSLP vs. BTCI - Dividend Comparison

TSLP's dividend yield for the trailing twelve months is around 31.21%, less than BTCI's 48.44% yield.

Position	TTM	2025	2024	2023
BTCI NEOS Bitcoin High Income ETF	48.44%	36.46%	6.76%	0.00%
TSLP Kurv Yield Premium Strategy Tesla ETF	31.21%	31.05%	21.82%	4.39%

Frequently Asked Questions

Can I hold both TSLP and BTCI in my portfolio?

TSLP and BTCI 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.

Which is riskier, TSLP or BTCI?

TSLP has higher volatility (15.89%) compared to BTCI (12.63%). In terms of maximum drawdown, TSLP dropped -46.00% vs BTCI's -47.16%.

Which ETF is better, TSLP or BTCI?

On 1-year performance, TSLP leads with 1.58% vs -35.09% for BTCI. Both ETFs have the same 0.99% expense ratio. On volatility, BTCI has been the lower-risk option at 12.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSLP or BTCI?

Over the 1-year period, TSLP has performed better with a 1.58% return vs -35.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSLP or BTCI?

TSLP and BTCI have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, TSLP or BTCI?

BTCI has the higher dividend yield at 48.44%, compared with 31.21% for TSLP.

What is the main difference between TSLP and BTCI?

TSLP is categorized as Derivative Income, while BTCI is Cryptocurrency. They also come from different issuers: Kurv and Neos.

Which has better risk-adjusted returns?

TSLP currently has the higher Sharpe Ratio (0.04 vs -0.89), 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.