A head-to-head comparison of NEOS Bitcoin High Income ETF and YieldMax Bitcoin Option Income Strategy ETF covering yield, cost, risk, and income potential.
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.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
YieldMax is known for specializing in options-based and income-focused ETFs that emphasize yield generation through covered call strategies and other income-producing methodologies. The firm operates a diverse lineup of 63 funds organized across multiple families including covered call strategies, 0DTE (zero days to expiration) options, double distribution approaches, and various target-date and performance-based portfolios designed to generate regular distributions. Notable offerings span popular underlying assets like major technology stocks and broad market indices, with a particular emphasis on providing enhanced income solutions for investors seeking regular cash flows through options strategies and other tactical approaches.
See our curated list of related YouTube videos on YBIT.
Seeks to generate high monthly income with potential appreciation through bitcoin exposure.
Covered Call
Asset class
Equity
Equity
Inception date
10/16/2024
07/18/2023
Beta
1.6764
1.5424
Last dividend
$0.6530
$0.1720
Ex-dividend date
06/16/2026
07/09/2026
Bottom lineChoose BTCI if you want crypto exposure that pays you along the way, not just price gains. Choose YBIT if you want to maximize current income — roughly 47.22%, generated by selling options premium. There's no free lunch: YBIT's payout comes from selling options, which caps upside and can erode the share price over time, while BTCI keeps full price exposure.
Most used
Income calculator
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Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
BTCI has outpaced YBIT over the trailing twelve months, posting a -38.74% total return against -40.05%. Measured from Oct 2024 — when the younger fund began trading — BTCI has compounded at -2.89% a year versus -10.08% for YBIT. Figures are total returns: price change plus every distribution reinvested.
Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 10, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Oct 2024” measures every fund from October 17, 2024 — the youngest fund's first trading day — 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.
Quick verdict
BTCI (NEOS Bitcoin High Income ETF) and YBIT (YieldMax Bitcoin Option Income Strategy ETF) are both dividend ETFs, but they take different approaches.
YBIT offers the higher yield at 47.22% vs 27.16% for BTCI. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
BTCI is cheaper with an expense ratio of 0.98% compared to 0.99%.
They track different benchmarks: BTCI is linked to Bitcoin ETPs while YBIT tracks Bitcoin, which means their performance drivers differ.
BTCI is the larger fund by assets ($1.09B), which generally means tighter spreads and better liquidity.
Who should choose each?
Choose BTCI
NEOS Bitcoin High Income ETF
Want crypto exposure that pays income rather than waiting on price alone.
Want to keep costs low — a 0.98% expense ratio vs 0.99% for YBIT.
Choose YBIT
YieldMax Bitcoin Option Income Strategy ETF
Want to maximize current income — YBIT distributes roughly 47.22% from selling options premium, vs 27.16% for BTCI.
Want crypto exposure that pays income rather than waiting on price alone.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
Deep dive
Yield & income
On a $10,000 investment, BTCI would generate roughly $226.33/month, while YBIT would produce $393.50/month, at current distribution rates.
BTCI yield27.16%
YBIT yield47.22%
Monthly diff on $10K$167.17
Cost & efficiency
Over 10 years on $10,000, BTCI would cost approximately $980 in fees vs $990 for YBIT (simplified, not compounded). The $10.00 difference may be offset by yield or performance.
BTCI ER0.98%
YBIT ER0.99%
Strategy & risk
BTCI tracks Bitcoin ETPs with a crypto approach, while YBIT tracks Bitcoin with a covered call approach. Beta is 1.6764 for BTCI and 1.5424 for YBIT, indicating YBIT is less volatile relative to the market.
BTCI beta1.6764
YBIT beta1.5424
Fund details
BTCI is managed by NEOS (launched 10/16/2024) with $1.09B in assets. YBIT is managed by YieldMax (launched 07/18/2023) with $46.7M in assets.
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Frequently asked questions
Is BTCI or YBIT better for dividend income?
It depends on your goals. YBIT 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 BTCI and YBIT?
BTCI (NEOS Bitcoin High Income ETF) tracks Bitcoin ETPs with a crypto approach, while YBIT (YieldMax Bitcoin Option Income Strategy ETF) tracks Bitcoin with a covered call approach. They are issued by NEOS and YieldMax respectively.
Can I hold both BTCI and YBIT?
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.
Which has lower fees, BTCI or YBIT?
BTCI has an expense ratio of 0.98% while YBIT charges 0.99%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in BTCI vs YBIT generate?
At current rates, $10,000 in BTCI would generate roughly $226.33 per month ($2,716.00 annually). The same in YBIT would produce about $393.50 per month ($4,722.00 annually).
Which has performed better historically, BTCI or YBIT?
BTCI has outpaced YBIT over the trailing twelve months, posting a -38.74% total return against -40.05%. Measured from Oct 2024 — when the younger fund began trading — BTCI has compounded at -2.89% a year versus -10.08% for YBIT. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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