XBCI vs. ETH

Last updated Jun 4, 2026

XBCI (NEOS Boosted Bitcoin High Income ETF) and ETH (Grayscale Ethereum Staking Mini ETF) are both Cryptocurrency funds. Both are actively managed. Their correlation of 0.92 suggests significant overlap in exposure. XBCI charges 0.98%/yr vs 0.15%/yr for ETH.

Performance

XBCI vs. ETH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Boosted Bitcoin High Income ETF (XBCI) and Grayscale Ethereum Staking Mini ETF (ETH). 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*: —

ETH

• 1D: -5.52%
• 1M: -23.42%
• YTD: -38.95%
• 6M: -42.17%
• 1Y: -30.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XBCI vs. ETH - Yearly Performance Comparison

	2026 (YTD)
XBCI NEOS Boosted Bitcoin High Income ETF	-16.32%
ETH Grayscale Ethereum Staking Mini ETF	-21.21%

Correlation

The correlation between XBCI and ETH is 0.92, 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 Feb 4, 2026	0.92

Return for Risk

XBCI vs. ETH — Risk / Return Rank

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

ETH

ETH Risk / Return Rank: 5
ETH Sharpe Ratio Rank: 5
ETH Sortino Ratio Rank: 6
ETH Omega Ratio Rank: 6
ETH Calmar Ratio Rank: 5
ETH Martin Ratio Rank: 5

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. ETH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Boosted Bitcoin High Income ETF (XBCI) and Grayscale Ethereum Staking Mini ETF (ETH). 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	ETH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.45	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.63	-0.41	-0.22

Drawdowns

XBCI vs. ETH - Drawdown Comparison

The maximum XBCI drawdown since its inception was -25.99%, smaller than the maximum ETH drawdown of -64.01%. Use the drawdown chart below to compare losses from any high point for XBCI and ETH.

Drawdown Indicators

	XBCI	ETH	Difference
Max Drawdown Largest peak-to-trough decline	-25.99%	-64.01%	+38.02%
Max Drawdown (1Y) Largest decline over 1 year	—	-62.40%	—
Current Drawdown Current decline from peak	-25.99%	-62.40%	+36.41%
Average Drawdown Average peak-to-trough decline	-8.06%	-32.58%	+24.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	37.50%	—

Volatility

Volatility by Period

	XBCI	ETH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.90%	—
Volatility (6M) Calculated over the trailing 6-month period	—	46.02%	—
Volatility (1Y) Calculated over the trailing 1-year period	67.08%	68.34%	-1.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.08%	72.26%	-5.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.08%	72.26%	-5.18%

XBCI vs. ETH - Expense Ratio Comparison

XBCI has a 0.98% expense ratio, which is higher than ETH's 0.15% expense ratio.

Dividends

XBCI vs. ETH - Dividend Comparison

XBCI's dividend yield for the trailing twelve months is around 20.51%, while ETH has not paid dividends to shareholders.

Position	TTM
ETH Grayscale Ethereum Staking Mini ETF	0.00%
XBCI NEOS Boosted Bitcoin High Income ETF	20.51%

Frequently Asked Questions

Can I hold both XBCI and ETH in my portfolio?

With a correlation of 0.92, XBCI and ETH 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 ETH?

On fees, ETH is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XBCI or ETH?

ETH is cheaper with a 0.15% expense ratio, compared with 0.98% for XBCI.

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

XBCI has the higher dividend yield at 20.51%, compared with 0.00% for ETH.

What is the main difference between XBCI and ETH?

They also come from different issuers: Neos and Grayscale. Their fees differ too: 0.98% for XBCI and 0.15% for ETH.