BTCI vs SPY
Comparison between NEOS BITCOIN HIGH INCOME ETF (BTCI, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
BTCI vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
BTCI
$962M
Winner
SPY
$652B
Expense Ratio
BTCI
0.99%
Winner
SPY
0.09%
Max Drawdown
Winner
BTCI
53.15%
SPY
56.47%
Sharpe Ratio
BTCI
-0.26
Winner
SPY
2.07
5Y Beta
BTCI
1.02
Winner
SPY
1.00
P/E Ratio
BTCI
N/A
SPY
28.24
Forward P/E
BTCI
N/A
SPY
21.85
5Y Dividends CAGR
BTCI
N/A
SPY
5.43%
5Y EPS CAGR
BTCI
N/A
SPY
25.79%
Debt to Equity
BTCI
N/A
SPY
22.35%
P/S Ratio
BTCI
N/A
SPY
3.55
P/B Ratio
BTCI
N/A
SPY
5.29
BTCI vs SPY - Holdings Comparison
BTCI and SPY have 0 common holdings. Overlap is 0.00%
BTCI's top 25 holdings weight is 20.35%. SPY's top 25 holdings weight is 51.32%.
| Rank | BTCI | SPY |
|---|---|---|
| #1 | ISHARES BITCOIN TRUST ETF (IBIT) - 11.51% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | VANECK BITCOIN ETF (HODL) - 7.96% | APPLE INC (AAPL) - 6.48% |
| #3 | FIRST AMERICAN TREASURY OBLIGS X (FXFXX) - 0.87% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | NORTHERN US GOVERNMENT SELECT MMKT (NOSXX) - 0.01% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | N/A | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | N/A | BROADCOM INC (AVGO) - 3.09% |
| #7 | N/A | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | N/A | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | N/A | TESLA INC (TSLA) - 1.73% |
| #10 | N/A | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | N/A | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | N/A | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | N/A | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | N/A | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | N/A | WALMART INC (WMT) - 0.91% |
| #16 | N/A | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | N/A | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | N/A | VISA INC CLASS A (V) - 0.85% |
| #19 | N/A | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | N/A | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | N/A | INTEL CORP (INTC) - 0.65% |
| #22 | N/A | NETFLIX INC (NFLX) - 0.64% |
| #23 | N/A | CATERPILLAR INC (CAT) - 0.62% |
| #24 | N/A | CHEVRON CORP (CVX) - 0.58% |
| #25 | N/A | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 4 | 505 |
BTCI vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
BTCI
+11.18%
SPY
+9.11%
3M
Winner
BTCI
+12.12%
SPY
+6.59%
6M
BTCI
-20.46%
Winner
SPY
+10.56%
1Y
BTCI
-16.11%
Winner
SPY
+32.04%
5Y(CAGR)
BTCI
N/A
SPY
+13.35%
10Y(CAGR)
BTCI
N/A
SPY
+15.49%
Max(CAGR)
Winner
BTCI
+10.96%
SPY
+8.50%
BTCI vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | BTCI | SPY |
|---|---|---|
| 2026 | -9.07% | +8.27% |
| 2025 | -4.60% | +18.00% |
| 2024 | +28.09% | +25.59% |
| 2023 | N/A | +26.72% |
| 2022 | N/A | -18.64% |
| 2021 | N/A | +30.52% |
| 2020 | N/A | +17.28% |
| 2019 | N/A | +31.09% |
| 2018 | N/A | -5.24% |
| 2017 | N/A | +20.78% |
| 2016 | N/A | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
BTCI vs SPY Drawdown Comparison
The maximum drawdown for BTCI was -44.98%, occurring on Feb 5, 2026. This drawdown has not yet recovered.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current BTCI drawdown is -31.40%.
| Rank | BTCI | SPY |
|---|---|---|
| #1 | -44.98% Oct 6, 2025 - Feb 5, 2026 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -24.23% Jan 30, 2025 - May 13, 2025 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -10.95% Dec 17, 2024 - Jan 21, 2025 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -10.73% Aug 13, 2025 - Oct 6, 2025 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -7.87% Oct 29, 2024 - Nov 6, 2024 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -5.43% May 22, 2025 - Jun 9, 2025 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -4.82% Dec 6, 2024 - Dec 13, 2024 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -4.79% Nov 22, 2024 - Dec 4, 2024 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -4.70% Jun 10, 2025 - Jul 2, 2025 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -3.77% Jul 24, 2025 - Aug 11, 2025 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -2.54% Oct 18, 2024 - Oct 28, 2024 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -2.52% Jan 24, 2025 - Jan 30, 2025 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -2.00% Jul 14, 2025 - Jul 24, 2025 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -1.75% Nov 13, 2024 - Nov 15, 2024 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -1.74% Jan 21, 2025 - Jan 24, 2025 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between BTCI and SPY is -0.09 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.09
-101
Dividend Comparison (1999 - 2026)
BTCI vs SPY dividend yield comparison.
| Year | BTCI | SPY |
|---|---|---|
| 2026 | 9.07% | 0.24% |
| 2025 | 36.46% | 1.07% |
| 2024 | 6.76% | 1.21% |
| 2023 | 0.00% | 1.40% |
| 2022 | 0.00% | 1.65% |
| 2021 | 0.00% | 1.20% |
| 2020 | 0.00% | 1.52% |
| 2019 | 0.00% | 1.75% |
| 2018 | 0.00% | 2.04% |
| 2017 | 0.00% | 1.80% |
| 2016 | 0.00% | 2.03% |
| 2015 | 0.00% | 2.06% |
| 2014 | 0.00% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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