Which paid more, BTCI or CEPI?

Over the year to Nov 4, 2026, BTCI paid 18.3% 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, BTCI or CEPI?

With every distribution reinvested, BTCI returned −20.8% and CEPI +0.5% over the year to Nov 4, 2026.

Which is cheaper, BTCI or CEPI?

BTCI charges 0.99% a year and CEPI charges 0.85%, so CEPI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

BTCI 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 BTCI’s 18.3%, and returned more with it reinvested.

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Net assets: $1.4bn on Oct 28, 2026 for NEOS Bitcoin High Income ETF, and $116m on Nov 3, 2026 for REX Crypto Equity Premium Income ETF.

BTCI on its own →CEPI on its own →

At a glance

18.3%

BTCI cash paid, 1 year

33.0%

CEPI cash paid, 1 year

−20.8%

BTCI total return, 1 year

+0.5%

CEPI total return, 1 year

BTCI · 1 year to Nov 4, 2026 About even with Bitcoin

BTCI

−20.8%

Bitcoin

−20.5%

About even with Bitcoin

BTCI over 1 year: paid 18.3%, price −39.3%, total −20.8%, Bitcoin −20.5%, −0.3 pts. Data to Nov 4, 2026.

Bitcoin

−20.5%

BTCI

−20.8%

about even with Bitcoin

Total return, distributions reinvested

About even with Bitcoin

BTCI over 1 year: paid 18.3%, price −39.3%, total −20.8%, Bitcoin −20.5%, −0.3 pts. Data to Nov 4, 2026.

Bitcoin

−20.5%

BTCI

−20.8%

about even with Bitcoin

18.3% of it arrived as cash. Total return, distributions reinvested. BTCI over 1 year: paid 18.3%, price −39.3%, total −20.8%, Bitcoin −20.5%, −0.3 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

CEPI costs 0.14 points a year less; their one-year returns differ by 21.3 points; BTCI is 11.6 times larger.

Points (pts) are percentage points.

BTCI vs CEPI: Dividend Yield & Total Return
Measure	BTCI	CEPI
Paid and earned
Measure	BTCI	CEPI
Total return, 1 year	−20.8%	+0.5%
Price change, 1 year	fell 39.3%	fell 33.1%
Return of capital, issuer estimate	92% of the Oct 23, 2026 payment	100% of the Oct 29, 2026 payment
Against its benchmark
Measure	BTCI	CEPI
Benchmark	Bitcoin (BTC-USD)	S&P 500, measured through SPY
Cost and size
Measure	BTCI	CEPI
Expense ratio	0.99%	0.85%
Net assets, as of Oct 28, 2026	$1.4bn	$121m
Holdings
Measure	BTCI	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 Score4.5BTCI19.5CEPI

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

BTCI 4.5

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

Dec 13, 2024 to Oct 30, 2026 · 98 weekly returns

BTCI CEPI

Return

Total return edge CEPI −21.5% +13.9%

Annualized edge CEPI −12.0% +7.2%

Price return edge CEPI −53.7% −46.4%

Risk

Volatility edge CEPI 34.9% 24.9%

Max drawdown edge CEPI −46.9% −26.7%

Risk-adjusted

Sharpe edge CEPI −0.31 0.24

Sortino edge CEPI −0.41 0.34

Calmar edge CEPI −0.26 0.27

Reading

From Dec 2024 to Oct 2026, CEPI returned more: +13.9% to −21.5%. CEPI swung less: 24.9% to 34.9%. CEPI fell less at its worst: −26.7% to −46.9%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: BTCI vs CEPI: Dividend Yield & Total Return
Measure	BTCI	CEPI	Edge	How it is measured
Return
Total return	−21.5%	+13.9%	CEPI	Price change plus distributions, reinvested.
Annualized	−12.0%	+7.2%	CEPI	Total return as a yearly rate.
Price return	−53.7%	−46.4%	CEPI	Price change alone, distributions left out.
Risk
Volatility	34.9%	24.9%	CEPI	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	26.3%	17.5%	CEPI	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−46.9%	−26.7%	CEPI	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	−0.31	0.24	CEPI	Return above Treasury bills per unit of volatility.
Sortino	−0.41	0.34	CEPI	Return above Treasury bills per unit of downside deviation.
Calmar	−0.26	0.27	CEPI	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 98 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, BTCI and CEPI hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first BTCI CEPI

Only in one fund ↓

Only in BTCI

iShares Bitcoin Trust ETF 17.12%

CBTX US 01/15/27 C1980 3.40%

VanEck Bitcoin ETF 1.87%

CBTX US 12/18/26 C2000 -0.53%

CBTX US 12/18/26 C1930 -0.79%

CBTX US 01/15/27 P1980 -8.94%

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

BTCI NEOS Bitcoin High Income ETF · Option income on Bitcoin, paying monthly CEPI REX Crypto Equity Premium Income ETF · Covered call on SPY, paying weekly

Issuer NEOS REX

Strategy option income covered call

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

Pays monthly weekly

Payout rate, annualized 26.4% 41.4%

Expense ratio 0.99% 0.85%

Cash paid, 1 year 18.3% 33.0%

Price change, 1 year −39.3% −33.1%

Total return, 1 year −20.8% +0.5%

Benchmark return, 1 year −20.5% +14.8%

Ahead or behind −0.3 pts −14.3 pts

Return of capital, latest estimate 92% 100%

Age 2.0 years 1.9 years

Net assets, BTCI as of Oct 28, 2026 and CEPI as of Nov 3, 2026 $1.4bn $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: BTCI vs CEPI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	BTCI	CEPI	BTCI	CEPI	BTCI	CEPI
3 months	+17.5%	−5.5%	7.1%	10.2%	−6.0 pts	−5.3 pts
6 months	−4.4%	−3.9%	11.0%	18.2%	−2.7 pts	−9.0 pts
1 year	−20.8%	+0.5%	18.3%	33.0%	−0.3 pts	−14.2 pts
Since launchNot the same days: BTCI Oct 2024 · CEPI Dec 2024	+13.6%	+12.5%	55.8%	54.5%	−6.2 pts	−16.6 pts

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Alert

About each fund

BTCI

Over the year to Nov 4, 2026, BTCI paid 18.3% of its starting value in cash distributions while its price fell 39.3%. With every distribution reinvested, the fund returned −20.8%. Bitcoin (BTC-USD) returned −20.5% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 26.4%, paid monthly. NEOS estimates that 92% 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.

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).

Questions people ask

Which paid more, BTCI or CEPI?: Over the year to Nov 4, 2026, BTCI paid 18.3% 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, BTCI or CEPI?: With every distribution reinvested, BTCI returned −20.8% and CEPI +0.5% over the year to Nov 4, 2026.
Which is cheaper, BTCI or CEPI?: BTCI charges 0.99% a year and CEPI charges 0.85%, so CEPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

BTCI vs LFGY BTCI vs BLOX BTCI vs XEY BTCI vs NEHI CEPI vs YBTC CEPI vs YBIT CEPI vs XBTY CEPI vs DFII

Where to next

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

Sources and dates

BTCI filings on SEC EDGAR ↗

BTCI prospectus with the expense ratio (SEC) ↗

BTCI 19a-1 distribution notice ↗

NEOS page for BTCI ↗

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

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