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. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year.
BTCI has outpaced YBTC over the trailing twelve months, posting a -26.67% total return against -32.95%. Measured from Oct 2024 — the start of shared available history — BTCI has compounded at 9.52% a year versus 1.46% for YBTC. 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 October 2, 2026. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year. “Since Oct 2024” measures every fund from October 17, 2024 — 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.
Distribution rate, SEC yield and return of capital
Metric
BTCI
YBTC
Forward distribution rate
25.42%
29.60%
Trailing 12-month yield
29.88%
57.41%
30-day SEC yield
1.35%
—
Return of capital
—
100.00%
Total return (price change plus reinvested distributions) is the Total returns section above. Return of capital is the share of a recent distribution that was not income. A 30-day SEC yield can sit far from the headline distribution rate; both numbers are the fund's own published fields.
Seeks to generate high monthly income with potential appreciation through bitcoin exposure.
Seeks current income through a synthetic covered call strategy on U.S.-listed bitcoin ETFs, investing at least 80% of net assets in options contracts that use a bitcoin ETF as the reference asset.
Bottom lineChoose BTCI if you want index call spreads structured for Section 1256 tax treatment. Choose YBTC if you want a covered-call overwrite written on the holdings themselves. BTCI and YBTC 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. BTCI and YBTC 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. BTCI and YBTC 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.
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.
Roundhill Investments is known for offering innovative, specialized ETFs that often feature weekly dividend distributions and exposure to trending themes and individual mega-cap stocks. Their lineup spans income-focused strategies, leveraged products, thematic investments in areas like cryptocurrency and artificial intelligence, and weekly-pay funds that appeal to investors seeking frequent distributions. The issuer has built a distinctive niche with products targeting both traditional income seekers and those interested in emerging sectors, offering a diverse range of tickers that go well beyond conventional dividend vehicles.
See our curated list of related YouTube videos on YBTC.
BTCI (NEOS Bitcoin High Income ETF) and YBTC (Roundhill Bitcoin Covered Call Strategy ETF) are both dividend ETFs, but they take different approaches.
YBTC offers the higher yield at 29.60% vs 25.42% for BTCI. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
YBTC is cheaper with an expense ratio of 0.95% compared to 0.98%.
They have different reference exposures: BTCI is linked to Bitcoin ETPs while YBTC is linked to Bitcoin, which means their performance drivers differ.
BTCI is the larger fund by assets ($1.38B), but assets alone do not establish trading costs or liquidity.
Who should choose each?
Choose BTCI
NEOS Bitcoin High Income ETF
Want index call spreads structured for Section 1256 tax treatment.
Want crypto exposure that pays income rather than waiting on price alone.
Prefer lower volatility — a beta of 1.5 vs 1.8 for YBTC.
Choose YBTC
Roundhill Bitcoin Covered Call Strategy ETF
Want a covered-call overwrite on the stocks the fund holds.
Want to maximize current income — YBTC distributes roughly 29.60% from selling options premium, vs 25.42% for BTCI.
Want crypto exposure that pays income rather than waiting on price alone.
Want to keep costs low — a 0.95% expense ratio vs 0.98% for BTCI.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
Still deciding? Track BTCI & YBTC 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, BTCI would generate roughly $211.83 cash per distribution, while YBTC would produce $56.92 cash per distribution, at current distribution rates.
BTCI yield25.42%
YBTC yield29.60%
Cash diff on $10K$154.91
Cost & efficiency
Over 10 years on $10,000, BTCI would cost approximately $980 in fees vs $950 for YBTC (simplified, not compounded). The $30.00 difference may be offset by yield or performance.
BTCI ER0.98%
YBTC ER0.95%
Strategy & risk
BTCI tracks Bitcoin ETPs with a crypto approach, while YBTC tracks Bitcoin with a covered call approach. Beta is 1.48 for BTCI and 1.7556 for YBTC, making BTCI the less volatile of the two by this measure.
BTCI beta1.48
YBTC beta1.7556
Fund details
BTCI is managed by NEOS (launched 10/16/2024) with $1.38B in assets. YBTC is managed by Roundhill Investments (launched 06/27/2024) with $146M in assets.
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Frequently asked questions
What is the difference between YBTC and BTCI?
Both sell options against bitcoin exposure and pay the premium as cash. YBTC (Roundhill Bitcoin Covered Call Strategy ETF) is Roundhill's bitcoin covered-call strategy. BTCI (NEOS Bitcoin High Income ETF) is NEOS's bitcoin high-income overlay. Bitcoin itself produces no yield — the distribution is option premium and return of capital. Cost is 0.95% versus 0.98%; payouts are 29.60% and 25.42% as of October 2026. The larger number is usually more upside sold into a rally, not a safer bitcoin fund. Compare NAV trend with the cash figure.
What is the current distribution rate for BTCI and YBTC?
BTCI currently distributes 25.42% and YBTC 29.60%, based on fund data updated October 2026. Distribution rate moves with both the payout and the share price, so check the as-of date before relying on either figure.
Is BTCI or YBTC better for dividend income?
It depends on your goals. YBTC 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.
Can I hold both BTCI and YBTC?
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 BTCI or YBTC safer?
By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — YBTC scores 79, BTCI scores 51, so YBTC's payout currently looks the more resilient of the two. BTCI has also shown lower price volatility (beta 1.48 vs 1.76 for YBTC). 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, BTCI or YBTC?
BTCI has an expense ratio of 0.98% while YBTC charges 0.95%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in BTCI vs YBTC generate?
At current rates, $10,000 in BTCI would generate roughly $211.83 cash per distribution ($2,542.00 annually). The same in YBTC would produce about $56.92 cash per distribution ($2,960.00 annually).
Which has performed better historically, BTCI or YBTC?
BTCI has outpaced YBTC over the trailing twelve months, posting a -26.67% total return against -32.95%. Measured from Oct 2024 — the start of shared available history — BTCI has compounded at 9.52% a year versus 1.46% for YBTC. 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.
Both chase outsized distributions—25.42% for BTCI, 29.60% for YBTC—but differ in structure, volatility, and fund maturity.
How they differ
The most significant structural difference is how they hold bitcoin. This drives their second key difference: YBTC has a higher distribution rate at 29.60% versus 25.42%, achieved partly through weekly rather than monthly payouts and partly through the amplified leverage inherent in options-heavy positioning. Finally, BTCI is vastly larger, with $1.38B in assets compared to $146M, and it has had roughly twice as long to establish operations since its 10/16/2024 launch versus YBTC's 06/27/2024.
YBTC: Fits investors comfortable with a synthetic options-overlay strategy who prioritize higher reported distributions and can tolerate meaningfully higher price volatility and a much smaller, newer fund with less operational history. Distributions significantly above realized gains suggest capital depletion risk over longer holding periods.
Options-overlay and synthetic structure risk.YBTC's 80%-in-options mandate creates concentrated exposure to options pricing, liquidity, and counterparty mechanics; if option bid-ask spreads widen or reference bitcoin ETF liquidity deteriorates, execution costs and tracking error could spike. BTCI's more traditional covered-call overlay carries less exotic risk but still depends on call premium staying rich. Covered calls provide some downside cushion via premium collected, but both funds will suffer sharply in a material bitcoin drawdown. If you prioritize maximum reported yield and accept higher derivatives complexity and significantly steeper bitcoin downside sensitivity, YBTC's synthetic approach offers it—though at the cost of much less AUM and a shorter operating history. Both funds' distributions are aggressive enough to warrant verification that they can sustain without eroding principal; past performance does not guarantee 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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