Dividend comparison

BTCI vs YBIT: Which Is Better for Income?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for NEOS Bitcoin High Income ETF and YieldMax Bitcoin Option Income Strategy ETF, side by side. Updated October 21, 2026.

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BTCI vs YBIT: key differences
The short answer, from the latest data on this page.
  • Fees. BTCI is cheaper at 0.99% a year versus 1.02% for YBIT. On $10,000 that is $3 a year less in fees.
  • Income. YBIT pays more income, yielding 67.67% over the last twelve months versus 30.36% for BTCI. That is about $3,731 more a year on $10,000. Both pay monthly.
  • Performance. Over the last 1 year, YBIT returned -24.0% versus -39.6% for BTCI, with dividends reinvested. $10,000 would have grown to $7,597 in YBIT and $6,041 in BTCI.
  • Risk. BTCI has been the bumpier ride. Its worst peak-to-trough decline over the last 1 year was -55.9%, against -50.4% for YBIT.
  • Size. BTCI is the larger fund with $1.4 billion in assets, against $60 million for YBIT.

Bottom line: BTCI fits better if you care most about lower fees. YBIT fits better if you care most about more income today, stronger 1-year returns and smaller drawdowns.

Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricBTCI
NEOS Bitcoin High Income ETF
YBIT
YieldMax Bitcoin Option Income Strategy ETF
Dividend yield (TTM)30.36%67.67%
Dividend / share (TTM)$10.14$13.78
Payout frequencyMonthlyMonthly
Last dividend$0.7180 on Sep 18, 2026$0.1590 on Oct 16, 2026
Ex-dividend dateSep 16, 2026Oct 15, 2026
Price$33.39$20.36
Beta1.421.02
Max drawdown (5Y)-55.9%-50.4%
Market cap$1.41B$59.5M
ExchangeCBOEAMEX
Expense ratio0.99%1.02%
Assets under management$1.42B$59.7M
Number of holdings—11
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

BTCI

$252.97/mo

$3036 /yr at 30.36% yield

YBIT

$563.89/mo

$6767 /yr at 67.67% yield

Dividend history
Total dividends paid per share in each calendar year. BTCI pays monthly; YBIT pays monthly.
YearBTCIYBIT
2025$16.0521$29.8108
Strategy: Crypto-linked income
The most aggressive category on the site: funds that take exposure to bitcoin or a crypto-linked stock, usually through options or futures rather than by owning the asset, and sell calls against it to generate large distributions. Extreme implied volatility is what funds the payout, and the same volatility is what makes the exposure underneath unpredictable. Fees are around 1% a year and the exposure is often synthetic, so what you own is a set of derivative contracts, not the asset itself.

Distributions vary sharply, have included return of capital, and upside is capped while downside is not, so net asset value can fall a long way even in periods when the payments keep arriving.

What BTCI vs YBIT actually do

BTCI
A NEOS fund that holds spot bitcoin exchange-traded products and writes call options against that exposure for monthly income.

Rather than owning bitcoin or futures directly, it holds spot bitcoin ETPs such as IBIT and HODL, then sells calls on bitcoin-related funds to collect premium. Bitcoin's implied volatility is extreme by equity standards, so the premium collected and the resulting distributions are very large, and so is the amount of upside handed over when bitcoin runs. Fees are around 1% a year, which is high in absolute terms though normal for this category.

Suits someone who already wants bitcoin exposure and would rather convert its volatility into monthly cash than wait for appreciation. Entirely unsuitable as a core income holding: the underlying asset can halve, the distribution is not contractual, and the call overlay removes exactly the upside that justifies owning bitcoin in the first place.

Speculative income, very high volatility

Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 17, 2024 would now be worth $9,411 in BTCI and $9,204 in YBIT.
PeriodBTCIYBIT
1 month1.77%0.94%
3 months15.34%21.26%
Year to date-24.15%-8.74%
1 year-39.59%-24.03%
3 years——
5 years——
  • BTCI
  • YBIT
631201772024202520269492

Both series indexed to 100 on 2024-10-17 using the adjusted closing price series. Past performance does not guarantee future results.

Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
  • BTCI
  • YBIT
0%25%50%75%100%Cash & Others100.0%

Quick verdict

BTCI fits better if you care most about lower fees. YBIT fits better if you care most about more income today, stronger 1-year returns and smaller drawdowns. Model the holding inside your real portfolio before deciding.

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Frequently asked questions

Is BTCI or YBIT better for dividend income?
It depends on your goals. BTCI currently yields 30.36% Trailing Twelve Months (TTM) while YBIT yields 67.67%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between BTCI and YBIT?
NEOS Bitcoin High Income ETF (BTCI) is an ETF listed on CBOE. YieldMax Bitcoin Option Income Strategy ETF (YBIT) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, BTCI or YBIT?
BTCI has the lower expense ratio. BTCI charges 0.99% a year and YBIT charges 1.02%, a difference of $3 a year on a $10,000 investment.
Which has performed better, BTCI or YBIT?
Over the last 1 year, YBIT has the higher total return with dividends reinvested: BTCI returned -39.6% and YBIT returned -24.0%. Past performance does not predict future returns.
Which is riskier, BTCI or YBIT?
Measured by the worst peak-to-trough decline over the last five years, BTCI has been riskier: BTCI fell as much as 55.9% and YBIT as much as 50.4%. Their betas are 1.42 and 1.02.
How often do BTCI and YBIT pay dividends?
Both pay monthly. The most recent payments were $0.7180 for BTCI and $0.1590 for YBIT.
How much income does $10,000 in BTCI vs YBIT generate?
At current TTM yields, $10,000 in BTCI would generate roughly $252.97 per month ($3036 annually). The same amount in YBIT would produce about $563.89 per month ($6767 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both BTCI and YBIT?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare BTCI vs YBIT with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how BTCI and YBIT fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.

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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.