BPI vs VOO
BPI vs VOO
Grayscale Bitcoin Premium Income ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | BPI | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.03% | |
| AUM | $3M | $979.0B | |
| Dividend Yield | 29.66% | 1.09% | |
| Holdings | 6 | 509 | |
| YTD Return | -24.15% | +13.80% | |
| 1Y Return | -41.19% | +23.71% | |
| 3Y Return (annualized) | - | +21.50% | |
| 5Y Return (annualized) | - | +13.44% | |
| Volatility (annualized) | 34.9% | 14.1% | |
| Max Drawdown | -49.2% | -34.3% | |
| Fund Family | Grayscale | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Apr 2, 2025 | Sep 7, 2010 |
BPI vs VOO Performance
Grayscale Bitcoin Premium Income ETF (BPI) is a ETF from Grayscale and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year BPI returned -41.19% while VOO returned +23.71%. Year to date, BPI is down 24.15% versus a gain of 13.80% for VOO.
Risk: Volatility and Drawdowns
BPI has been the more volatile fund, with annualized monthly volatility of 34.9% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -49.2% for BPI and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BPI charges 0.65% per year while VOO charges 0.03%. On a $10,000 position that is $65 vs $3 annually, a gap of $62 per year that compounds over a long holding period. On income, BPI currently yields 29.66% against 1.09% for VOO.
Holdings Overlap
BPI and VOO share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BPI or VOO?
BPI has an expense ratio of 0.65% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $62 per year of difference.
Which performed better, BPI or VOO?
Over the past year BPI returned -41.19% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), BPI annualized -18.13% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, BPI or VOO?
BPI has been the more volatile fund at 34.9% annualized versus 14.1% for VOO. Worst drawdown: BPI -49.2% vs VOO -34.3%.
Should I hold both BPI and VOO?
BPI and VOO have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BPI and VOO?
BPI and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, BPI or VOO?
BPI yields 29.66% while VOO yields 1.09%, so BPI currently pays the higher dividend yield.
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