Which paid more, BTCC or CEPI?

Over the year to Nov 4, 2026, BTCC paid 31.6% of its starting price in cash and CEPI paid 33.0%, so CEPI paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, BTCC or CEPI?

With every distribution reinvested, BTCC returned −19.8% and CEPI +0.5% over the year to Nov 4, 2026.

Which is cheaper, BTCC or CEPI?

BTCC charges 0.65% a year and CEPI charges 0.85%, so BTCC is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

BTCC vs CEPI: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, CEPI paid 33.0% of its price in cash against BTCC’s 31.6%, and returned more with it reinvested.

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Net assets: $13m on Jun 30, 2026 for Grayscale Bitcoin High Income ETF, and $116m on Nov 3, 2026 for REX Crypto Equity Premium Income ETF.

BTCC on its own →CEPI on its own →

At a glance

31.6%

BTCC cash paid, 1 year

33.0%

CEPI cash paid, 1 year

−19.8%

BTCC total return, 1 year

+0.5%

CEPI total return, 1 year

BTCC · 1 year to Nov 4, 2026 0.7 pts ahead of Bitcoin

BTCC

−19.8%

Bitcoin

−20.5%

0.7 pts ahead of Bitcoin

BTCC over 1 year: paid 31.6%, price −50.5%, total −19.8%, Bitcoin −20.5%, +0.7 pts. Data to Nov 4, 2026.

Bitcoin

−20.5%

BTCC

−19.8%

0.7 pts ahead of Bitcoin

Total return, distributions reinvested

0.7 pts ahead of Bitcoin

BTCC over 1 year: paid 31.6%, price −50.5%, total −19.8%, Bitcoin −20.5%, +0.7 pts. Data to Nov 4, 2026.

Bitcoin

−20.5%

BTCC

−19.8%

0.7 pts ahead of Bitcoin

31.6% of it arrived as cash. Total return, distributions reinvested. BTCC over 1 year: paid 31.6%, price −50.5%, total −19.8%, Bitcoin −20.5%, +0.7 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

CEPI · 1 year to Nov 4, 2026 14.3 pts behind SPY

CEPI

+0.5%

SPY

+14.8%

14.3 pts behind SPY

CEPI over 1 year: paid 33.0%, price −33.1%, total +0.5%, SPY +14.8%, −14.3 pts. Data to Nov 4, 2026.

SPY

+14.8%

CEPI

+0.5%

14.3 pts behind SPY

Total return, distributions reinvested

14.3 pts behind SPY

CEPI over 1 year: paid 33.0%, price −33.1%, total +0.5%, SPY +14.8%, −14.3 pts. Data to Nov 4, 2026.

SPY

+14.8%

CEPI

+0.5%

14.3 pts behind SPY

33.0% of it arrived as cash. Both charts share one scale, with zero at the line. CEPI over 1 year: paid 33.0%, price −33.1%, total +0.5%, SPY +14.8%, −14.3 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

BTCC costs 0.20 points a year less; their one-year returns differ by 20.3 points.

Points (pts) are percentage points.

BTCC vs CEPI: Dividend Yield & Total Return
Measure	BTCC	CEPI
Paid and earned
Measure	BTCC	CEPI
Total return, 1 year	−19.8%	+0.5%
Price change, 1 year	fell 50.5%	fell 33.1%
Return of capital, issuer estimate		100% of the Oct 29, 2026 payment
Against its benchmark
Measure	BTCC	CEPI
Benchmark	Bitcoin (BTC-USD)	S&P 500, measured through SPY
Cost and size
Measure	BTCC	CEPI
Expense ratio	0.65%	0.85%
Net assets, BTCC as of Jun 30, 2026 and CEPI as of Nov 3, 2026	$13m	$116m
Holdings
Measure	BTCC	CEPI
Holdings in common	0%

ETFIQ Distribution Coverage Score · CEPI scores higher How much of what it paid out did its total return cover?

IQ Income Score8.4BTCC19.5CEPI

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

BTCC 8.4

CEPI 19.5

0.3, the lowest in this set 99.7, the highest

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Method

Risk and return

Apr 11, 2025 to Oct 30, 2026 · 81 weekly returns

BTCC CEPI

Return

Total return edge CEPI −19.2% +43.6%

Annualized edge CEPI −12.8% +26.1%

Price return edge CEPI −64.3% −24.8%

Risk

Volatility edge CEPI 30.5% 23.6%

Max drawdown edge CEPI −43.0% −19.2%

Risk-adjusted

Sharpe edge CEPI −0.42 0.94

Sortino edge CEPI −0.49 1.44

Calmar edge CEPI −0.30 1.36

Reading

From Apr 2025 to Oct 2026, CEPI returned more: +43.6% to −19.2%. CEPI swung less: 23.6% to 30.5%. CEPI fell less at its worst: −19.2% to −43.0%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: BTCC vs CEPI: Dividend Yield & Total Return
Measure	BTCC	CEPI	Edge	How it is measured
Return
Total return	−19.2%	+43.6%	CEPI	Price change plus distributions, reinvested.
Annualized	−12.8%	+26.1%	CEPI	Total return as a yearly rate.
Price return	−64.3%	−24.8%	CEPI	Price change alone, distributions left out.
Risk
Volatility	30.5%	23.6%	CEPI	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	26.2%	15.3%	CEPI	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−43.0%	−19.2%	CEPI	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	−0.42	0.94	CEPI	Return above Treasury bills per unit of volatility.
Sortino	−0.49	1.44	CEPI	Return above Treasury bills per unit of downside deviation.
Calmar	−0.30	1.36	CEPI	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 81 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, BTCC and CEPI hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first BTCC CEPI

Only in one fund ↓

Only in BTCC

Only in CEPI

PayPal Holdings Inc 5.80%

Mastercard Inc 5.51%

NU Holdings Ltd 5.46%

NVIDIA Corp 5.34%

Visa Inc 5.25%

IREN Ltd 4.92%

TSMC 4.83%

Strategy Inc 4.80%

Check overlap with more funds →

Side by side

BTCC Grayscale Bitcoin High Income ETF · Covered call on Bitcoin, paying monthly CEPI REX Crypto Equity Premium Income ETF · Covered call on SPY, paying weekly

Issuer Grayscale REX

Strategy covered call covered call

Benchmark Bitcoin (BTC-USD) S&P 500 (SPY)

Pays monthly weekly

Payout rate, annualized 20.9% 41.4%

Expense ratio 0.65% 0.85%

Cash paid, 1 year 31.6% 33.0%

Price change, 1 year −50.5% −33.1%

Total return, 1 year −19.8% +0.5%

Benchmark return, 1 year −20.5% +14.8%

Ahead or behind +0.7 pts −14.3 pts

Return of capital, latest estimate not published 100%

Age 1.6 years 1.9 years

Net assets, BTCC as of Jun 30, 2026 and CEPI as of Nov 3, 2026 $13m $116m

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: BTCC vs CEPI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	BTCC	CEPI	BTCC	CEPI	BTCC	CEPI
3 months	+7.7%	−5.5%	10.8%	10.2%	−15.8 pts	−5.3 pts
6 months	−8.0%	−3.9%	17.6%	18.2%	−6.3 pts	−9.0 pts
1 year	−19.8%	+0.5%	31.6%	33.0%	+0.7 pts	−14.2 pts
Since launchNot the same days: BTCC Apr 2025 · CEPI Dec 2024	−18.1%	+12.5%	55.6%	54.5%	−10.2 pts	−16.6 pts

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About each fund

BTCC

Over the year to Nov 4, 2026, BTCC paid 31.6% of its starting value in cash distributions while its price fell 50.5%. With every distribution reinvested, the fund returned −19.8%. Bitcoin (BTC-USD) returned −20.5% over the same days, so a holder was ahead by 0.7 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 20.9%, paid monthly.

CEPI

Over the year to Nov 4, 2026, CEPI paid 33.0% of its starting value in cash distributions while its price fell 33.1%. With every distribution reinvested, the fund returned +0.5%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 14.3 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 41.4%, paid weekly. REX estimates that 100% of the distribution paid Oct 29, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

Questions people ask

Which paid more, BTCC or CEPI?: Over the year to Nov 4, 2026, BTCC paid 31.6% of its starting price in cash and CEPI paid 33.0%, so CEPI paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, BTCC or CEPI?: With every distribution reinvested, BTCC returned −19.8% and CEPI +0.5% over the year to Nov 4, 2026.
Which is cheaper, BTCC or CEPI?: BTCC charges 0.65% a year and CEPI charges 0.85%, so BTCC is cheaper. Fees come from each fund's prospectus.

Other comparisons

BTCC vs LFGY BTCC vs BLOX BTCC vs XRPM BTCC vs XEY CEPI vs BAGY CEPI vs DFII CEPI vs YBIT CEPI vs YBTC

Where to next

S&P 500 (SPY) →BTCC on its own →CEPI on its own →BTCC dividend history →CEPI dividend history →CEPI holdings →Method →Standards and sources →

Sources and dates

BTCC filings on SEC EDGAR ↗

BTCC prospectus with the expense ratio (SEC) ↗

Grayscale website ↗

CEPI filings on SEC EDGAR ↗

CEPI prospectus with the expense ratio (SEC) ↗

CEPI 19a-1 distribution notice ↗

REX page for CEPI ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, BTCC against CEPI, data as of Nov 4, 2026. https://etfiq.com/compare/income/btcc-vs-cepi

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.