Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
100% reinvested · ex-date convention. Period returns use this fixed assumption, independent of chart settings.
BITY has lagged BTCI over the trailing twelve months, posting a -33.59% total return against -22.64%. Measured from Apr 2025 — the start of shared available history — BTCI has compounded at -5.87% a year versus -14.28% for BITY. Figures are total returns: price change plus every distribution reinvested.
Total return and risk statistics by fund. Each row is one fund; each column is one period or statistic.
Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of September 21, 2026. YTD and 1Y are cumulative; windows of one year or longer are annualized. “Since Apr 2025” measures every fund from April 29, 2025 — the start of shared available history — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the past year. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the past year) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Side-by-side snapshot
Side-by-side snapshot. Each row is one metric;
each column is one fund.
Seeks to provide monthly income with Bitcoin exposure through a premium income strategy targeting approximately 24% annual distribution while maintaining potential for capital appreciation.
Seeks to generate high monthly income with potential appreciation through bitcoin exposure.
Bottom lineChoose BITY if you want a covered-call overwrite written on the holdings themselves. Choose BTCI if you want index call spreads structured for Section 1256 tax treatment. BITY and BTCI both use option or derivative overlays. Their tradeoff is the underlying exposure, how each option strategy is implemented, and the yield each targets; either overlay can limit upside participation, so neither offers uncapped price exposure.
How the risk works
Read this before the income numbers below: the strategy mechanics on this page shape what those payouts can cost you.
Capped upside and premium dependence. BITY and BTCI generate income by selling options, which trades away part of a strong rally in exchange for premium. Distributions can include return of capital, and a payout the underlying assets cannot sustain shows up as NAV erosion over time — the big yield number is not free.
Crypto volatility. BITY and BTCI sit on top of crypto-asset prices, which routinely swing far more than equities. A single drawdown can exceed a year of distributions, so income projections deserve extra skepticism here.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Amplify ETFs is known for offering specialized, thematic investment solutions across diverse market segments including digital assets, commodities, and dividend strategies. The issuer's lineup spans multiple fund families covering income-focused strategies, covered call approaches, commodity exposure, and thematic sectors such as cybersecurity, blockchain, gaming, and sustainable investing. Notable for tickers like BLOK (blockchain), HACK (cybersecurity), and DIVO (dividend), Amplify combines traditional income strategies with alternative themes and emerging asset classes, appealing to investors seeking both yield and exposure to innovation-driven sectors.
See our curated list of related YouTube videos on BITY.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
NEOS is known for developing specialized income-focused ETFs that employ strategies like covered calls, hedging, and enhanced yields across various asset classes. The firm manages 19 funds organized into nine distinct families, including offerings in equity high income, fixed income enhancement, digital assets, and alternative strategies, with popular tickers like SPYI (S&P 500 covered call), QQQI (Nasdaq-100 covered call), and QQQH (Nasdaq-100 hedged equity income). NEOS distinguishes itself in the ETF landscape through its emphasis on income generation and downside protection strategies rather than traditional growth approaches.
See our curated list of related YouTube videos on BTCI.
BITY (Amplify Bitcoin 24% Premium Income ETF) and BTCI (NEOS Bitcoin High Income ETF) are both monthly-pay dividend ETFs, but they take different approaches.
BTCI offers the higher yield at 24.97% vs 23.33% for BITY. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
BITY is cheaper with an expense ratio of 0.65% compared to 0.98%.
They have different reference exposures: BITY is linked to Bitcoin while BTCI is linked to Bitcoin ETPs, which means their performance drivers differ.
BTCI is the larger fund by assets ($1.33B), but assets alone do not establish trading costs or liquidity.
Who should choose each?
Choose BITY
Amplify Bitcoin 24% Premium Income ETF
Want a covered-call overwrite on the stocks the fund holds.
Want crypto exposure that pays income rather than waiting on price alone.
Want to keep costs low — a 0.65% expense ratio vs 0.98% for BTCI.
Choose BTCI
NEOS Bitcoin High Income ETF
Want index call spreads structured for Section 1256 tax treatment.
Want to maximize current income — BTCI distributes roughly 24.97% from selling options premium, vs 23.33% for BITY.
Want crypto exposure that pays income rather than waiting on price alone.
Prefer lower volatility — a beta of 1.5 vs 1.8 for BITY.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
Still deciding? Track BITY & BTCI for free
Create a free Dividend Vision account to keep them on a watchlist, get notified when they declare dividends, and see how much income they would add to your portfolio.
On a $10,000 investment, BITY would generate roughly $194.42/month, while BTCI would produce $208.08/month, at current distribution rates. Both pay monthly distributions.
BITY yield23.33%
BTCI yield24.97%
Monthly diff on $10K$13.67
Cost & efficiency
Over 10 years on $10,000, BITY would cost approximately $650 in fees vs $980 for BTCI (simplified, not compounded). The $330.00 difference may be offset by yield or performance.
BITY ER0.65%
BTCI ER0.98%
Strategy & risk
BITY tracks Bitcoin with a covered call approach, while BTCI tracks Bitcoin ETPs with a crypto approach. Beta is 1.7893 for BITY and 1.48 for BTCI, making BTCI the less volatile of the two by this measure.
BITY beta1.7893
BTCI beta1.48
Fund details
BITY is managed by Amplify ETFs (launched 04/29/2025) with $13.7M in assets. BTCI is managed by NEOS (launched 10/16/2024) with $1.33B in assets.
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Frequently asked questions
What is the current distribution rate for BITY and BTCI?
BITY currently distributes 23.33% and BTCI 24.97%, based on fund data updated September 2026. Distribution rate moves with both the payout and the share price, so check the as-of date before relying on either figure.
Is BITY or BTCI better for dividend income?
It depends on your goals. BTCI currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between BITY and BTCI?
BITY (Amplify Bitcoin 24% Premium Income ETF) tracks Bitcoin with a covered call approach, while BTCI (NEOS Bitcoin High Income ETF) tracks Bitcoin ETPs with a crypto approach. They are issued by Amplify ETFs and NEOS respectively.
Can I hold both BITY and BTCI?
Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Is BITY or BTCI safer?
By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — BTCI scores 51, BITY scores 41, so BTCI's payout currently looks the more resilient of the two. BTCI has also shown lower price volatility (beta 1.48 vs 1.79 for BITY). No score makes an investment risk-free — treat this as a screening signal, not a guarantee, and the leverage, options-income, or crypto caveats flagged on this page apply regardless of score.
Which has lower fees, BITY or BTCI?
BITY has an expense ratio of 0.65% while BTCI charges 0.98%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in BITY vs BTCI generate?
At current rates, $10,000 in BITY would generate roughly $194.42 per month ($2,333.00 annually). The same in BTCI would produce about $208.08 per month ($2,497.00 annually).
Which has performed better historically, BITY or BTCI?
BITY has lagged BTCI over the trailing twelve months, posting a -33.59% total return against -22.64%. Measured from Apr 2025 — the start of shared available history — BTCI has compounded at -5.87% a year versus -14.28% for BITY. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
Explore related screeners
Lateral filters that include these funds — browse the full peer set on DividendVision.
Figures quoted in this analysis are from its generation date and may lag the live snapshot table above, which always shows the latest data.
Both employ covered call overlays to fund their payouts, but they differ meaningfully in scale, cost, and distribution intensity.
How they differ
BTCI's higher distribution rate (24.97% vs. 23.33%) comes with a larger expense ratio (0.98% vs. 0.65%) and significantly larger asset base ($1.33B vs. $13.7M). BITY launched 1 year and BTCI 1 year, making both recent, but BTCI has a longer operating history.
Who each is best for
BITY: Fits investors seeking maximum monthly income from Bitcoin with acceptance of tighter liquidity and higher volatility. The lower expense ratio appeals to cost-conscious traders who can tolerate a smaller fund and higher beta.
BTCI: Designed for investors prioritizing deeper liquidity and a larger, more established fund structure, even if it means higher expenses. The higher distribution rate suits those willing to pay 0.98% for a more established vehicle and greater trading ease.
Key risks to know
NAV erosion at elevated yields. Both funds distribute >23% annually, well above any realistic long-term return on Bitcoin itself. This likely requires steady return-of-capital treatment, which gradually shrinks net asset value. Monitor whether distributions remain sustainable as call premiums fluctuate with implied volatility.
Call-strike risk and capped upside. Both use covered calls to fund income, which caps Bitcoin price appreciation. If Bitcoin rallies sharply, call assignment limits gains; if it falls, the short calls provide only modest downside cushion. The tradeoff between income and capital appreciation is not passive. During crypto downturns, these funds compress faster than Bitcoin itself, pressuring the funds' NAV below their theoretical Bitcoin value.
Options expiry and roll risk. Monthly call rolls create slippage and timing sensitivity. If call premiums compress (lower implied volatility), future income falls and NAV erosion accelerates. Both funds pursue a yield significantly above Bitcoin's long-term return potential, meaning investors are essentially trading capital for income — a strategy that works only if you view the declining NAV as an acceptable cost of living on the distribution. Past performance, especially over such short histories, does not predict future results.
AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.
Learn the method
The metrics behind this comparison, explained in the Academy.
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