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Covered-call / option-income ETF
NEOS Bitcoin High Income ETF
BTCI combines exposure to exchange-traded products that hold Bitcoin with an active call-option strategy designed for monthly income. Bitcoin volatility and capped upside can dominate the result, so a large distribution does not make the fund cash-like or reduce its potential for sharp losses.
volatile payers swing payout to payout — the average smooths the starting point
Use 0% for IRA/Roth. Simplified: one flat rate, federal only.
Contributing $10,000 up front plus $250 a month for 15 years puts in $55,000 of your own money. Under these assumptions the position ends worth $1,011,444, averaging about $17,293 a month in gross distributions in its final year. That is a total gain of $956,444 (+1739%) — about 29.2% a year, money-weighted, counting income and price together.
No scenario without its downside: these variants re-run your exact inputs through standard shocks so the base case never stands alone.
Every rate above is held constant for the whole projection — real markets never do that. This is a scenario, not a forecast.
| Year | Gross income | Contributed | Ending value |
|---|---|---|---|
| 1 | $3,531 | $13,000 | $16,665 |
| 2 | $5,506 | $3,000 | $25,381 |
| 3 | $8,049 | $3,000 | $36,741 |
| 4 | $11,317 | $3,000 | $51,500 |
| 5 | $15,504 | $3,000 | $70,615 |
| 6 | $20,856 | $3,000 | $95,302 |
| 7 | $27,680 | $3,000 | $127,095 |
| 8 | $36,359 | $3,000 | $167,929 |
| 9 | $47,370 | $3,000 | $220,241 |
| 10 | $61,307 | $3,000 | $287,085 |
| 11 | $78,902 | $3,000 | $372,285 |
| 12 | $101,066 | $3,000 | $480,617 |
| 13 | $128,918 | $3,000 | $618,029 |
| 14 | $163,836 | $3,000 | $791,915 |
| 15 | $207,511 | $3,000 | $1,011,444 |
| Ex-date | Pay date | Per share |
|---|---|---|
| 2026-06-16 | 2026-06-18 | $0.6525 |
| 2026-05-20 | 2026-05-22 | $0.7934 |
| 2026-04-22 | 2026-04-24 | $0.7982 |
| 2026-03-18 | 2026-03-20 | $0.7804 |
| 2026-02-18 | 2026-02-20 | $0.7608 |
| 2026-01-21 | 2026-01-23 | $1.0427 |
| 2025-12-24 | 2025-12-26 | $0.9967 |
| 2025-11-26 | 2025-11-28 | $1.0181 |
| 2025-10-22 | 2025-10-24 | $1.2999 |
| 2025-09-24 | 2025-09-26 | $1.3401 |
| 2025-08-20 | 2025-08-22 | $1.4153 |
| 2025-07-23 | 2025-07-25 | $1.4716 |
Launching soon — the calendar feed (.ics) works today.
Prefer no email? The calendar feed (.ics) carries the same dates.
The distribution rate annualizes recent payouts; the SEC 30-day yield measures net investment income under a standardized formula. For option-income funds the gap is normal — premiums and return of capital can fund distributions well above earned income. Neither number is a forecast of total return.
No. Its distributions depend on option premiums and market conditions, and funds like this have raised and cut payouts without notice. That's why this page's calculator includes a distribution-cut stress preset.
No — and it doesn't try. This is an educational scenario tool: it shows the arithmetic consequences of assumptions you choose. It makes no recommendations and no predictions.
The fund obtains Bitcoin exposure through exchange-traded products rather than holding Bitcoin in an investor wallet. It then uses an options overlay to pursue income, adding another layer of strategy risk.
Applies to both sides. 0% = tax-advantaged.
NEOS Bitcoin High Income ETF
$0.6525/share · latest payout
assumption — no issuer return history
assumption — variable option-income payout held flat
YieldMax COIN Option Income Strategy ETF
$1.0530/share · weekly, modeled monthly · latest payout
assumption — no issuer return history
trailing 12-vs-prior-12 payout trend
Under these assumptions CONY leads on both income and ending value. A clean sweep usually means the growth assumptions strongly favor one side — before reading anything into it, ask whether that side’s implied combined payout and price-growth assumptions over 10 years are realistic. Nudge the growth fields above and watch how fast the sweep disappears.
Both sides run the identical deposit schedule with DRIP on and taxes off (0% — set a rate above for taxable accounts). Growth defaults come from each fund’s own record where available (payout history; issuer-reported returns) — but history is not a forecast, and this is not a recommendation.
Educational scenario modeling only — not investment, tax, or financial advice. Results are hypothetical outcomes of your assumptions, not forecasts.