ICOI vs VTI
Bitwise COIN Option Income Strategy ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | ICOI | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.96% | 0.03% | |
| AUM | $12M | $666.9B | |
| Dividend Yield | 202.36% | 1.07% | |
| Holdings | 2 | 3,543 | |
| YTD Return | -25.55% | +12.65% | |
| 1Y Return | -51.70% | +21.39% | |
| 3Y Return (annualized) | - | +21.54% | |
| 5Y Return (annualized) | - | +12.11% | |
| Volatility (annualized) | 39.0% | 15.3% | |
| Max Drawdown | -59.3% | -56.6% | |
| Fund Family | Bitwise | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Apr 1, 2025 | May 24, 2001 |
ICOI vs VTI Performance
Bitwise COIN Option Income Strategy ETF (ICOI) is a ETF from Bitwise and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year ICOI returned -51.70% while VTI returned +21.39%. Year to date, ICOI is down 25.55% versus a gain of 12.65% for VTI.
Risk: Volatility and Drawdowns
ICOI has been the more volatile fund, with annualized monthly volatility of 39.0% compared with 15.3% for VTI. 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 -59.3% for ICOI and -56.6% for VTI. 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 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ICOI charges 0.96% per year while VTI charges 0.03%. On a $10,000 position that is $96 vs $3 annually, a gap of $93 per year that compounds over a long holding period. On income, ICOI currently yields 202.36% against 1.07% for VTI.
Frequently Asked Questions
Which is cheaper, ICOI or VTI?
ICOI has an expense ratio of 0.96% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $93 per year of difference.
Which performed better, ICOI or VTI?
Over the past year ICOI returned -51.70% vs +21.39% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (1 years), ICOI annualized -22.48% vs +8.07% for VTI. Past performance does not guarantee future results.
Which is riskier, ICOI or VTI?
ICOI has been the more volatile fund at 39.0% annualized versus 15.3% for VTI. Worst drawdown: ICOI -59.3% vs VTI -56.6%.
Should I hold both ICOI and VTI?
ICOI and VTI have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, ICOI or VTI?
ICOI yields 202.36% while VTI yields 1.07%, so ICOI currently pays the higher dividend yield.
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