Data as of Nov 4, 2026.

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Income ETFs

BPI vs NEHI: Dividend Yield & Total Return

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BPI and NEHI both write options for income.

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Net assets: $2.9m on Jun 30, 2026 for Grayscale Bitcoin Premium Income ETF, and $112m on Oct 28, 2026 for NEOS Ethereum High Income ETF.

At a glance

Pair scorecard

BPI costs 0.33 points a year less.

Points (pts) are percentage points.

BPI vs NEHI: Dividend Yield & Total Return
MeasureBPINEHI
Paid and earned
Price change, since Dec 3, 2025fell 43.3%
Return of capital, issuer estimate93% of the Oct 23, 2026 payment
Against its benchmark
BenchmarkBitcoin (BTC-USD)Ether (ETH-USD)
Against its benchmark, same daysbehind by 0.6 pts
Cost and size
Expense ratio0.65%0.98%
Net assets, BPI as of Jun 30, 2026 and NEHI as of Oct 28, 2026$2.9m$112m
Holdings
Holdings in common0%

Method

What they share

0%

By the books each fund has filed, BPI and NEHI hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first BPI NEHI
Only in one fund ↓
Only in BPI
Only in NEHI
iShares Ethereum Trust ETF 19.10%
ETHA 01/15/2027 60 C 3.36%
ETHA 12/18/2026 59 C -0.55%
ETHA 12/18/2026 55 C -0.96%
ETHA 01/15/2027 60 P -15.65%
Check overlap with more funds →

Side by side

BPI Grayscale Bitcoin Premium Income ETF · Covered call on Bitcoin, paying monthly NEHI NEOS Ethereum High Income ETF · Option income on Ether, paying monthly
Strategy covered call option income
Benchmark Bitcoin (BTC-USD) Ether (ETH-USD)
Pays monthly monthly
Payout rate, annualized 8.8% 30.8%
Expense ratio 0.65% 0.98%
Cash paid, 1 year not available 20.0% (since launch, Dec 3, 2025)
Price change, 1 year not available −43.3% (since launch, Dec 3, 2025)
Total return, 1 year not available −23.5% (since launch, Dec 3, 2025)
Benchmark return, 1 year not available −22.9% (since launch, Dec 3, 2025)
Ahead or behind not available −0.6 pts (since launch, Dec 3, 2025)
Return of capital, latest estimate not published 93%
Age not stated 336 days
Net assets, BPI as of Jun 30, 2026 and NEHI as of Oct 28, 2026 $2.9m $112m

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: BPI vs NEHI: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowBPINEHIBPINEHIBPINEHI
3 months+22.4%+17.8%5.1%8.7%−1.1 pts−8.5 pts
6 months−0.5%−3.3%7.5%13.0%+1.2 pts−6.3 pts
Since launch–−23.5%–20.0%–−0.5 pts

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About each fund
BPI

At its price on Nov 4, 2026 the latest distribution annualizes to 8.8%, paid monthly.

NEHI

Over the period from its first trade on Dec 3, 2025 to Nov 4, 2026, NEHI paid 20.0% of its starting value in cash distributions while its price fell 43.3%. With every distribution reinvested, the fund returned −23.5%. Ether (ETH-USD) returned −22.9% over the same days, so a holder was behind by 0.6 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 30.8%, paid monthly. NEOS estimates that 93% of the distribution paid Oct 23, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

Questions people ask

Which is cheaper, BPI or NEHI?
BPI charges 0.65% a year and NEHI charges 0.98%, so BPI is cheaper. Fees come from each fund's prospectus.
Other comparisons
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ETFIQ, BPI against NEHI, data as of Nov 4, 2026. https://etfiq.com/compare/income/bpi-vs-nehi

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