Data as of .
BTCI vs NEHI: which paid, and which earned it?
BTCI and NEHI both write options for income.
What they hold in common
By the books each fund has filed, BTCI and NEHI hold 78% of their money in the same securities at the same weight.
| Holding | BTCI | NEHI |
|---|---|---|
| United States Treasury Bill | 78.13% | 80.67% |
| Only in BTCI | Only in NEHI |
|---|---|
| iShares Bitcoin Trust ETF 14.10% | iShares Ethereum Trust ETF 19.33% |
| VanEck Bitcoin ETF/US 7.77% |
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.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| BTCI | NEHI | BTCI | NEHI | BTCI | NEHI | |
| 3 months | +22.3% | +40.9% | 7.0% | 9.2% | −6.9 pts | −13.7 pts |
| 6 months | +11.9% | +16.5% | 12.7% | 14.7% | −3.8 pts | −7.2 pts |
| 1 year | −29.1% | not published | 18.6% | not published | +2.0 pts | not published |
| Since launch | +15.5% | −16.3% | 54.4% | 18.6% | −5.5 pts | −0.3 pts |
| BTCI NEOS Bitcoin High Income ETF Option income on IBIT, paying monthly | NEHI NEOS Ethereum High Income ETF Option income on ETHA, paying monthly | |
|---|---|---|
| Issuer | NEOS | NEOS |
| Strategy | option income | option income |
| Benchmark | Bitcoin (IBIT) | Ether (ETHA) |
| Pays | monthly | monthly |
| Payout rate, annualized | 26.3% | 31.6% |
| Expense ratio | 0.99% | 0.98% |
| Cash paid, 1 year | 18.6% | 18.6% (since launch on Dec 3, 2025) |
| Price change, 1 year | −47.0% | −36.5% |
| Total return, 1 year | −29.1% | −16.3% (since launch on Dec 3, 2025) |
| Benchmark return, 1 year | −31.1% | −16.0% |
| Ahead or behind | +2.0 pts | −0.3 pts |
| Return of capital, latest estimate | 94% | 93% |
| Age | 701 days | 289 days |
| Net assets | $1.3bn | $110m |
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).
NEHI in plain words
Over the period since launch on Dec 3, 2025 to Sep 18, 2026, NEHI paid 18.6% of its starting value in cash distributions while its price fell 36.5%. With every distribution reinvested, the fund returned −16.3%. Ether (ETHA) returned −16.0% over the same days, so a holder was about even. At its price on Sep 18, 2026 the latest distribution annualizes to 31.6%, paid monthly. NEOS estimates that 93% 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).
Questions people ask
- Which is cheaper, BTCI or NEHI?
- BTCI charges 0.99% a year and NEHI charges 0.98%, so NEHI 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 NEHI, data as of Sep 18, 2026. https://etfiq.com/compare/income/btci-vs-nehi Free to use with attribution; the underlying files are at Open data.