Which paid more, BTCC or DFII?

Over the year to Nov 4, 2026, BTCC paid 31.6% of its starting price in cash and DFII paid 12.6%, so BTCC 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 DFII?

With every distribution reinvested, BTCC returned −19.8% and DFII −21.5% over the year to Nov 4, 2026.

Which is cheaper, BTCC or DFII?

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

Data as of Nov 4, 2026.

Income ETFs

BTCC vs DFII: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, BTCC paid 31.6% of its price in cash against DFII’s 12.6%, and returned more with it reinvested.

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Net assets: $13m on Jun 30, 2026 for Grayscale Bitcoin High Income ETF, and $20m on Nov 3, 2026 for FT Vest Bitcoin Strategy & Target Income ETF.

BTCC on its own →DFII on its own →

At a glance

31.6%

BTCC cash paid, 1 year

12.6%

DFII cash paid, 1 year

−19.8%

BTCC total return, 1 year

−21.5%

DFII 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.

DFII · 1 year to Nov 4, 2026 1 pt behind Bitcoin

DFII

−21.5%

Bitcoin

−20.5%

1 pt behind Bitcoin

DFII over 1 year: paid 12.6%, price −34.5%, total −21.5%, Bitcoin −20.5%, −1.0 pts. Data to Nov 4, 2026.

Bitcoin

−20.5%

DFII

−21.5%

1 pt behind Bitcoin

Total return, distributions reinvested

1 pt behind Bitcoin

DFII over 1 year: paid 12.6%, price −34.5%, total −21.5%, Bitcoin −20.5%, −1.0 pts. Data to Nov 4, 2026.

Bitcoin

−20.5%

DFII

−21.5%

1 pt behind Bitcoin

12.6% of it arrived as cash. Both charts share one scale, with zero at the line. DFII over 1 year: paid 12.6%, price −34.5%, total −21.5%, Bitcoin −20.5%, −1.0 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 1.7 points.

Points (pts) are percentage points.

BTCC vs DFII: Dividend Yield & Total Return
Measure	BTCC	DFII
Paid and earned
Measure	BTCC	DFII
Total return, 1 year	−19.8%	−21.5%
Price change, 1 year	fell 50.5%	fell 34.5%
Against its benchmark
Measure	BTCC	DFII
Benchmark	Bitcoin (BTC-USD)	Bitcoin (BTC-USD)
Against its benchmark, same days	ahead by 0.7 pts	behind by 1.0 pts
Cost and size
Measure	BTCC	DFII
Expense ratio	0.65%	0.85%
Net assets, BTCC as of Jun 30, 2026 and DFII as of Nov 3, 2026	$13m	$20m
Holdings
Measure	BTCC	DFII
Holdings in common	0%

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

IQ Income Score8.4BTCC0.9DFII

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

DFII 0.9

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 DFII

Return

Total return edge DFII −19.2% −12.3%

Annualized edge DFII −12.8% −8.1%

Price return edge DFII −64.3% −33.2%

Risk

Volatility edge BTCC 30.5% 37.2%

Max drawdown edge BTCC −43.0% −49.4%

Risk-adjusted

Sharpe edge DFII −0.42 −0.14

Sortino edge DFII −0.49 −0.19

Calmar edge DFII −0.30 −0.16

Reading

From Apr 2025 to Oct 2026, DFII returned more: −12.3% to −19.2%. BTCC swung less: 30.5% to 37.2%. BTCC fell less at its worst: −43.0% to −49.4%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: BTCC vs DFII: Dividend Yield & Total Return
Measure	BTCC	DFII	Edge	How it is measured
Return
Total return	−19.2%	−12.3%	DFII	Price change plus distributions, reinvested.
Annualized	−12.8%	−8.1%	DFII	Total return as a yearly rate.
Price return	−64.3%	−33.2%	DFII	Price change alone, distributions left out.
Risk
Volatility	30.5%	37.2%	BTCC	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	26.2%	27.6%	BTCC (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−43.0%	−49.4%	BTCC	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	−0.42	−0.14	DFII	Return above Treasury bills per unit of volatility.
Sortino	−0.49	−0.19	DFII	Return above Treasury bills per unit of downside deviation.
Calmar	−0.30	−0.16	DFII	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 DFII hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first BTCC DFII

Only in one fund ↓

Only in BTCC

Only in DFII

2026-12-31 S&P 500® Mini Index P 3,060.60 1,914.64%

2026-12-31 iShares Bitcoin Trust ETF C 71.01 0.11%

2026-12-31 S&P 500® Mini Index C 2,869.31 0.00%

2026-12-31 S&P 500® Mini Index C 3,060.60 0.00%

2026-11-06 iShares Bitcoin Trust ETF C 43.36 -0.39%

2026-12-31 iShares Bitcoin Trust ETF P 71.01 -60.11%

2026-12-31 S&P 500® Mini Index P 2,869.31 -1,755.41%

Check overlap with more funds →

Side by side

BTCC Grayscale Bitcoin High Income ETF · Covered call on Bitcoin, paying monthly DFII FT Vest Bitcoin Strategy & Target Income ETF · Option income on Bitcoin, paying monthly

Issuer Grayscale First Trust

Strategy covered call option income

Benchmark Bitcoin (BTC-USD) Bitcoin (BTC-USD)

Pays monthly monthly

Payout rate, annualized 20.9% 18.5%

Expense ratio 0.65% 0.85%

Cash paid, 1 year 31.6% 12.6%

Price change, 1 year −50.5% −34.5%

Total return, 1 year −19.8% −21.5%

Benchmark return, 1 year −20.5% −20.5%

Ahead or behind +0.7 pts −1.0 pts

Return of capital, latest estimate not published 100%

Age 1.6 years 1.6 years

Net assets, BTCC as of Jun 30, 2026 and DFII as of Nov 3, 2026 $13m $20m

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 DFII: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	BTCC	DFII	BTCC	DFII	BTCC	DFII
3 months	+7.7%	+18.5%	10.8%	5.3%	−15.8 pts	−5.1 pts
6 months	−8.0%	−3.9%	17.6%	7.7%	−6.3 pts	−2.2 pts
1 year	−19.8%	−21.5%	31.6%	12.6%	+0.7 pts	−0.9 pts
Since launchNot the same days: BTCC Apr 2025 · DFII Apr 2025	−18.1%	−6.4%	55.6%	26.5%	−10.2 pts	−4.1 pts

Open this comparison in the app →

Client brief

No client brief for this pair: the two funds' holdings are dated 126 days apart.

Alert

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.

DFII

Over the year to Nov 4, 2026, DFII paid 12.6% of its starting value in cash distributions while its price fell 34.5%. With every distribution reinvested, the fund returned −21.5%. Bitcoin (BTC-USD) returned −20.5% over the same days, so a holder was behind by 1.0 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 18.5%, paid monthly. First Trust estimates that 100% of the distribution paid Nov 3, 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 DFII?: Over the year to Nov 4, 2026, BTCC paid 31.6% of its starting price in cash and DFII paid 12.6%, so BTCC 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 DFII?: With every distribution reinvested, BTCC returned −19.8% and DFII −21.5% over the year to Nov 4, 2026.
Which is cheaper, BTCC or DFII?: BTCC charges 0.65% a year and DFII charges 0.85%, so BTCC is cheaper. Fees come from each fund's prospectus.

Other comparisons

BTCC vs BTCI BTCC vs BCCC BTCC vs BAGY BTCC vs XBTY DFII vs BAGY DFII vs XBTY DFII vs YBIT DFII vs YBTC

Where to next

BTCC on its own →DFII on its own →BTCC dividend history →DFII dividend history →DFII holdings →Method →Standards and sources →

Sources and dates

BTCC filings on SEC EDGAR ↗

BTCC prospectus with the expense ratio (SEC) ↗

Grayscale website ↗

DFII filings on SEC EDGAR ↗

DFII prospectus with the expense ratio (SEC) ↗

DFII 19a-1 distribution notice ↗

First Trust page for DFII ↗

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 DFII, data as of Nov 4, 2026. https://etfiq.com/compare/income/btcc-vs-dfii

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