Compare/Updated Oct 26, 2026, refreshed every trading day
BITO vs BTCI
ProShares Bitcoin ETF against NEOS Bitcoin High Income ETF: 2 years of returns, risk and today’s technical read, from Kavout’s own data.
BTCI did better over the period: a $1,000 investment grew to $1,159 (+15.9%), versus $1,098 (+9.8%) for BITO. BTCI also led in 17 of the last 24 months, with a typical monthly advantage of 1.14 percentage points. Its stronger result came with lower risk: 40.0% trailing 12-month volatility and a 48.4% worst drawdown, compared with BITO’s 44.7% volatility and 54.4% drawdown. The funds moved very similarly, with 0.986 correlation, but BITO moved 1.15% for every 1% move in BTCI, indicating greater sensitivity. BTCI’s advantage matters because it delivered higher returns with less volatility and a shallower drawdown, despite a slightly higher expense ratio of 0.98% versus BITO’s 0.95%. Both declined 0.3% today.
- Price is above its 200-day average ($10); 50-day at $11.
- RSI 48, neutral. Supertrend says buy. ADX 19, so the trend is weak.
- Price is above its 200-day average ($30); 50-day at $32.
- RSI 49, neutral. Supertrend says buy. ADX 19, so the trend is weak.
Head to head
Which has returned more, BITO or BTCI?
BITO beat BTCI in 7 of the last 24 months; BTCI won the other 17. The typical monthly gap was 1.14 points.
Total return by period
Which is riskier?
Both: Oct 6, 2025 to Jun 30, 2026
- 0.986
- correlation of daily moves, 2 years
- 1.15
- BITO move per 1% in BTCI
- 0.989
- correlation, last 12 months
Month by month
Of the last 24 months. The typical gap was 1.14 points.
When did they diverge?
| Month | BITO | BTCI | Gap |
|---|---|---|---|
| November 2024 | +38.4% | +27.9% | +10.56 pts |
| August 2026 | +25.0% | +19.1% | +5.91 pts |
| January 2025 | +7.9% | +10.6% | -2.73 pts |
| March 2025 | -2.6% | -0.6% | -2.01 pts |
Where the numbers come from. 506 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
What do you actually own with BITO and BTCI?
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