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XBCI

GradeCNASDAQ Global Market

NEOS Boosted Bitcoin High Income ETF

Option Income · Neos · Inception 2026-02-02 · SEC filings

$41.27−1.08 (−2.55%)

As of Sep 23, 2026, 2:20 PM EDT

History starts Feb 3, 2026.History starts Feb 3, 2026.
Intraday session: down, 59 prints from 42.35 to 41.27. Range 40.97 to 42.18. Use the arrow keys to read each point.$41.00$41.50$42.0010 AM12 PM2 PM4 PM
Expense ratio
0.98%
Fund size
$179M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0.2M sh
NAV per share
$39.36
52W range
low $29.12high $50.45

The ETF.net XBCI Grade

C

52/ 100

Rank 6 of 22 in Crypto Option Income⁠

Confidence Medium

Six-pillar profile for XBCI. Scores out of 100: Cost 31, Risk 67, Mission not scored, Tradability 72, Holdings 55, Durability 72. Strongest: Tradability (72). Weakest: Cost (31). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 52 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 31
    Category rank16/22 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 67
    Category rank6/22 · top 27%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 72
    Category rank5/22 · top 23%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 55
    Category rank6/14 · top 43%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 72
    Category rank4/22 · top 18%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on XBCI

ETF.net Research

CTake NEOS's bitcoin covered-call playbook and turn the dial up. XBCI uses leverage to run roughly 150% of BTCI's strategies, boosting both the bitcoin exposure and the option premium behind a monthly payout. Amplified income, amplified swings.

Stated mandate

The Fund seeks boosted performance through high monthly income and potential appreciation from exposure to exchange-traded products that directly hold Bitcoin. It uses Bitcoin ETPs, synthetic options exposure, call-writing, and leverage, and does not invest directly in Bitcoin.

Why people hold it

  1. 01One dial, turned up: the fund targets about 150% of BTCI's underlying strategies, boosting both the bitcoin exposure and the call premium behind its monthly distribution.neosfunds.com
  2. 02Exposure comes from spot bitcoin ETPs and options rather than coins, with calls written on top and the premium designed to fund monthly income.neosfunds.com
  3. 03Moderately traded for such a specialized product, and it lands in the upper half of a crowded bitcoin options-income field.

Worth knowing

  1. 01Leverage cuts both ways: roughly 150% exposure magnifies bitcoin's drawdowns, and the calls sold for income trim participation in sharp rallies.neosfunds.com
  2. 02The 0.98% fee sits near the middle of its peer group, above cheaper crypto-income options such as CEPI (0.85%) and SPBC (0.54%).
  3. 03Part of each monthly payout can be return of capital (your own money coming back), and with a 2026 launch the track record is short.neosfunds.com

XBCI Holdings

As of Sep 20, 2026, 8:37 AM
Asset class
Other
Holdings
—
Top-10 weight
102%
Largest holding
912797VP945.2%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001912797VP9United States Treasury Bill 11/03/202645.17%81,439,000$81M13
002CBTX 261016C01390000CBTX US 10/16/26 C139035.79%1,206$64M2
003IBITiShares Bitcoin Trust ETF18.74%730,764$34M12
004Cash&OtherCash & Other2.01%3,612,181$4M50

Showing 1–4 of 4 holdings

XBCI Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

XBCI$13,729
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. XBCI $13,729. SPY $10,415. Use the arrow keys to read each point.$8,316$11,241$14,165Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for XBCI. Periods over one year show the average yearly return.
PeriodXBCI
Year to dateFund launched this year—
1 month+14.2%
3 months+37.3%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for XBCI
YearReturn barXBCI
2026 YTD+11.4%

History from Feb 3, 2026

XBCI in the news

ETF.net Research hasn’t filed on XBCI yet — coverage lands here as it’s written.

XBCI Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$1.25 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 8 payments in 2026 YTD. Feb 4, 2026 $1.60; Mar 4, 2026 $1.36; Apr 8, 2026 $1.35; May 6, 2026 $1.57; Jun 3, 2026 $1.32; Jul 8, 2026 $1.05; Aug 5, 2026 $1.03; Sep 2, 2026 $1.25. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 2, 2026Sep 4, 2026$1.25
Aug 5, 2026Aug 7, 2026$1.03
Jul 8, 2026Jul 10, 2026$1.05
Jun 3, 2026Jun 5, 2026$1.32
May 6, 2026May 8, 2026$1.57
Apr 8, 2026Apr 10, 2026$1.35
Mar 4, 2026Mar 6, 2026$1.36
Feb 4, 2026Feb 6, 2026$1.60

XBCI Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Feb 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Feb 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Feb 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.11
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

XBCI Cost

Expense ratio0.98%
  • The middle half of Crypto Option Income funds
  • Median 0.85%

13 of the 21 Crypto Option Income funds charge less.

XBCI costs $98.00 a year on $10,000. The median Crypto Option Income fund costs $85.00.