Data as of .
BTCI vs ETCO: which paid, and which earned it?
Over the year ETCO paid 35.2% of its price in cash against BTCI’s 18.6%, though BTCI returned more with it reinvested.
ETFIQ Return Stability Score: BTCI scores higher
Was the payout funded by returns, or by your own capital?
A percentile among the 173 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed
What they hold in common
By the books each fund has filed, BTCI and ETCO hold 0% of their money in the same securities at the same weight.
| Only in BTCI | Only in ETCO |
|---|---|
| United States Treasury Bill 11/03/2026 58.93% | TREASURY BILL 100.00% |
| CBTX US 10/16/26 C1390 22.94% | |
| iShares Bitcoin Trust ETF 17.31% | |
| VanEck Bitcoin ETF/US 2.01% | |
| CBTX US 10/16/26 P1390 -0.18% | |
| CBTX US 10/16/26 C2060 -0.37% | |
| CBTX US 10/16/26 C1980 -0.63% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| BTCI | ETCO | BTCI | ETCO | BTCI | ETCO | |
| 3 months | +22.3% | +18.4% | 7.0% | 11.7% | −6.9 pts | −36.3 pts |
| 6 months | +11.9% | −1.3% | 12.7% | 22.6% | −3.8 pts | −25.1 pts |
| 1 year | −29.1% | −47.4% | 18.6% | 35.2% | +2.0 pts | −4.8 pts |
| Since launch | +15.5% | −43.1% | 54.4% | 38.1% | −5.5 pts | −4.7 pts |
| BTCI NEOS Bitcoin High Income ETF Option income on IBIT, paying monthly | ETCO Grayscale Ethereum Covered Call ETF Covered call on ETHA, paying monthly | |
|---|---|---|
| Issuer | NEOS | Grayscale |
| Strategy | option income | covered call |
| Benchmark | Bitcoin (IBIT) | Ether (ETHA) |
| Pays | monthly | monthly |
| Payout rate, annualized | 26.3% | 19.8% |
| Expense ratio | 0.99% | 0.65% |
| Cash paid, 1 year | 18.6% | 35.2% |
| Price change, 1 year | −47.0% | −75.5% |
| Total return, 1 year | −29.1% | −47.4% |
| Benchmark return, 1 year | −31.1% | −42.6% |
| Ahead or behind | +2.0 pts | −4.8 pts |
| Return of capital, latest estimate | 94% | not published |
| Age | 701 days | 379 days |
| Net assets | $1.3bn | $4m |
BTCI in plain words
Over the year to Sep 18, 2026, BTCI paid 18.6% of its starting value in cash distributions while its price fell 47.0%. With every distribution reinvested, the fund returned −29.1%. Bitcoin (IBIT) returned −31.1% over the same days, so a holder was ahead by 2.0 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 26.3%, paid monthly. NEOS estimates that 94% of the distribution paid Jun 18, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
ETCO in plain words
Over the year to Sep 18, 2026, ETCO paid 35.2% of its starting value in cash distributions while its price fell 75.5%. With every distribution reinvested, the fund returned −47.4%. Ether (ETHA) returned −42.6% over the same days, so a holder was behind by 4.8 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 19.8%, paid monthly.
Questions people ask
- Which paid more, BTCI or ETCO?
- Over the year to Sep 18, 2026, BTCI paid 18.6% of its starting price in cash and ETCO paid 35.2%, so ETCO 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 ETCO?
- With every distribution reinvested, BTCI returned −29.1% and ETCO returned −47.4% over the year to Sep 18, 2026, so BTCI returned more.
- Which is cheaper, BTCI or ETCO?
- BTCI charges 0.99% a year and ETCO charges 0.65%, so ETCO is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, BTCI against ETCO, data as of Sep 18, 2026. https://etfiq.com/compare/income/btci-vs-etco Free to use with attribution; the underlying files are at Open data.