XBCI vs. GBTC
XBCI (NEOS Boosted Bitcoin High Income ETF) and GBTC (Grayscale Bitcoin Trust ETF) are both Cryptocurrency funds. XBCI is actively managed, while GBTC is passively managed. With a 0.99 correlation, they move nearly in lockstep. XBCI charges 0.98%/yr vs 1.50%/yr for GBTC.
Performance
XBCI vs. GBTC - Performance Comparison
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Returns By Period
XBCI
- 1D
- -4.70%
- 1M
- -25.10%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GBTC
- 1D
- -3.22%
- 1M
- -17.84%
- YTD
- -29.27%
- 6M
- -29.42%
- 1Y
- -40.53%
- 3Y*
- 36.07%
- 5Y*
- 10.30%
- 10Y*
- 44.88%
XBCI vs. GBTC - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
XBCI NEOS Boosted Bitcoin High Income ETF | -23.52% |
GBTC Grayscale Bitcoin Trust ETF | -20.50% |
Correlation
The correlation between XBCI and GBTC is 0.99 - 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 3, 2026 | 0.99 |
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Return for Risk
XBCI vs. GBTC — Risk / Return Rank
XBCI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GBTC
XBCI vs. GBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Boosted Bitcoin High Income ETF (XBCI) and Grayscale Bitcoin Trust ETF (GBTC). 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.
| XBCI | GBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.86 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.78 | — |
| Martin ratioReturn relative to average drawdown | — | -1.32 | — |
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Drawdowns
XBCI vs. GBTC - Drawdown Comparison
The maximum XBCI drawdown since its inception was -34.73%, smaller than the maximum GBTC drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for XBCI and GBTC.
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Drawdown Indicators
| XBCI | GBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.73% | -89.91% | +55.18% |
Max Drawdown (1Y)Largest decline over 1 year | — | -52.45% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -52.45% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -85.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.91% | — |
Current DrawdownCurrent decline from peak | -31.48% | -50.88% | +19.40% |
Average DrawdownAverage peak-to-trough decline | -11.48% | -43.44% | +31.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 30.79% | — |
Volatility
XBCI vs. GBTC - Volatility Comparison
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Volatility by Period
| XBCI | GBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 13.05% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 34.57% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 67.34% | 44.21% | +23.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.34% | 62.13% | +5.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 67.34% | 81.46% | -14.12% |
XBCI vs. GBTC - Expense Ratio Comparison
XBCI has a 0.98% expense ratio, which is lower than GBTC's 1.50% expense ratio.
Dividends
XBCI vs. GBTC - Dividend Comparison
XBCI's dividend yield for the trailing twelve months is around 22.16%, while GBTC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GBTC Grayscale Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 5.61% |
XBCI NEOS Boosted Bitcoin High Income ETF | 22.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.99, XBCI and GBTC 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.
On fees, XBCI is cheaper at 0.98% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XBCI is cheaper with a 0.98% expense ratio, compared with 1.50% for GBTC.
XBCI has the higher dividend yield at 22.16%, compared with 0.00% for GBTC.
They also come from different issuers: Neos and Grayscale. Their fees differ too: 0.98% for XBCI and 1.50% for GBTC.
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