XBCI vs. BFAP

Last updated Jun 4, 2026

XBCI (NEOS Boosted Bitcoin High Income ETF) and BFAP (FT Vest Bitcoin Strategy Floor15 ETF - April) are both Cryptocurrency funds. Both are actively managed. With a 0.95 correlation, they move nearly in lockstep. XBCI charges 0.98%/yr vs 0.90%/yr for BFAP.

Performance

XBCI vs. BFAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Boosted Bitcoin High Income ETF (XBCI) and FT Vest Bitcoin Strategy Floor15 ETF - April (BFAP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

XBCI

• 1D: -3.98%
• 1M: -23.50%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BFAP

• 1D: -1.05%
• 1M: -7.01%
• YTD: -20.89%
• 6M: -23.66%
• 1Y: -24.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XBCI vs. BFAP - Yearly Performance Comparison

	2026 (YTD)
XBCI NEOS Boosted Bitcoin High Income ETF	-16.32%
BFAP FT Vest Bitcoin Strategy Floor15 ETF - April	-12.58%

Correlation

The correlation between XBCI and BFAP is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 4, 2026	0.95

Return for Risk

XBCI vs. BFAP — Risk / Return Rank

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

BFAP

BFAP Risk / Return Rank: 1
BFAP Sharpe Ratio Rank: 1
BFAP Sortino Ratio Rank: 1
BFAP Omega Ratio Rank: 1
BFAP Calmar Ratio Rank: 2
BFAP Martin Ratio Rank: 1

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.

XBCI vs. BFAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Boosted Bitcoin High Income ETF (XBCI) and FT Vest Bitcoin Strategy Floor15 ETF - April (BFAP). 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

	XBCI	BFAP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-1.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.63	-0.59	-0.04

Drawdowns

XBCI vs. BFAP - Drawdown Comparison

The maximum XBCI drawdown since its inception was -25.99%, smaller than the maximum BFAP drawdown of -31.25%. Use the drawdown chart below to compare losses from any high point for XBCI and BFAP.

Drawdown Indicators

	XBCI	BFAP	Difference
Max Drawdown Largest peak-to-trough decline	-25.99%	-31.25%	+5.26%
Max Drawdown (1Y) Largest decline over 1 year	—	-31.25%	—
Current Drawdown Current decline from peak	-25.99%	-31.25%	+5.26%
Average Drawdown Average peak-to-trough decline	-8.06%	-10.77%	+2.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	16.89%	—

Volatility

Volatility by Period

	XBCI	BFAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.59%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.66%	—
Volatility (1Y) Calculated over the trailing 1-year period	67.08%	21.26%	+45.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.08%	20.57%	+46.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.08%	20.57%	+46.51%

XBCI vs. BFAP - Expense Ratio Comparison

XBCI has a 0.98% expense ratio, which is higher than BFAP's 0.90% expense ratio.

Dividends

XBCI vs. BFAP - Dividend Comparison

XBCI's dividend yield for the trailing twelve months is around 20.51%, less than BFAP's 23.98% yield.

Position	TTM	2025
BFAP FT Vest Bitcoin Strategy Floor15 ETF - April	23.98%	18.97%
XBCI NEOS Boosted Bitcoin High Income ETF	20.51%	0.00%

Frequently Asked Questions

Can I hold both XBCI and BFAP in my portfolio?

With a correlation of 0.95, XBCI and BFAP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, XBCI or BFAP?

On fees, BFAP is cheaper at 0.90% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XBCI or BFAP?

BFAP is cheaper with a 0.90% expense ratio, compared with 0.98% for XBCI.

Which ETF pays a higher dividend yield, XBCI or BFAP?

BFAP has the higher dividend yield at 23.98%, compared with 20.51% for XBCI.

What is the main difference between XBCI and BFAP?

They also come from different issuers: Neos and First Trust. Their fees differ too: 0.98% for XBCI and 0.90% for BFAP.