- Issuer
- CBOE Vest
- Inception Date
- Aug 13, 2021
- Category
- Cryptocurrency
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Cryptocurrency
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
BTCLX Performance Chart
Vest Bitcoin Strategy Managed Volatility Fund Investor Class (BTCLX) is down 24.1% since the beginning of the year. BTCLX is currently trading at $16 per share.
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Returns By Period
Vest Bitcoin Strategy Managed Volatility Fund Investor Class (BTCLX) has returned -24.07% so far this year and -41.48% over the past 12 months.
Vest Bitcoin Strategy Managed Volatility Fund Investor Class
- 1D
- 1.94%
- 1M
- 4.92%
- 6M
- -22.66%
- YTD
- -24.07%
- 1Y
- -41.48%
- 3Y*
- 20.76%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.07%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
BTCLX Monthly Returns History
Based on dividend-adjusted daily data since Aug 27, 2021, BTCLX's average daily return is +0.06%, while the average monthly return is +1.21%. At this rate, an investment would double in approximately 4.8 years.
Historically, 50% of months were positive and 50% were negative. The best month was Feb 2024 with a return of +40.7%, while the worst month was Jun 2022 at -26.7%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 5 months.
On a daily basis, BTCLX closed higher 48% of trading days. The best single day was Mar 13, 2023 with a return of +16.4%, while the worst single day was Nov 11, 2022 at -21.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.83% | -16.72% | 2.06% | 9.98% | -5.67% | -20.02% | 9.67% | -24.07% | |||||
| 2025 | 6.62% | -15.52% | -2.63% | 9.83% | 7.57% | 2.46% | 8.23% | -6.96% | 5.37% | -4.27% | -16.85% | -3.23% | -13.23% |
| 2024 | -14.28% | 40.68% | 7.13% | -5.84% | 9.52% | -11.51% | 8.24% | -8.34% | 6.05% | 10.57% | 30.76% | -3.94% | 72.28% |
| 2023 | 31.66% | 0.45% | 9.58% | 0.49% | -3.77% | 9.89% | -4.27% | -10.62% | 2.45% | 24.87% | 9.07% | 24.39% | 128.72% |
| 2022 | -25.39% | 7.38% | 5.37% | -11.57% | -11.67% | -26.65% | 14.08% | -11.16% | -0.72% | 4.01% | -15.73% | -1.76% | -58.09% |
| 2021 | -1.46% | -5.90% | 29.28% | -5.87% | -0.90% | 11.83% |
Benchmark Metrics
Vest Bitcoin Strategy Managed Volatility Fund Investor Class has an annualized alpha of 3.23%, beta of 0.96, and R2 of 0.14 versus S&P 500 Index. Calculated based on daily prices since August 27, 2021.
- This fund participated in 124.09% of S&P 500 Index downside but only 101.49% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.14 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.23%
- Beta
- 0.96
- R²
- 0.14
- Upside Capture
- 101.49%
- Downside Capture
- 124.09%
Expense Ratio
BTCLX has a high expense ratio of 3.44%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
BTCLX ranks 0 for risk / return — above 0% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Vest Bitcoin Strategy Managed Volatility Fund Investor Class (BTCLX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BTCLX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.48 | ||
| Sortino ratioReturn per unit of downside risk | -3.57 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.25 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 2.00 | -2.85 |
| Martin ratioReturn relative to average drawdown | -1.34 | 8.49 | -9.83 |
Dividends
Dividend History
Vest Bitcoin Strategy Managed Volatility Fund Investor Class provided a 16.90% dividend yield over the last twelve months, with an annual payout of $2.67 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $2.67 | $2.67 | $2.44 | $1.83 | $0.00 | $2.56 |
Dividend yield | 16.90% | 12.83% | 9.04% | 10.73% | 0.00% | 12.81% |
Monthly Dividends
The table displays the monthly dividend distributions for Vest Bitcoin Strategy Managed Volatility Fund Investor Class. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.67 | $2.67 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.44 | $2.44 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.83 | $1.83 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $2.56 | $2.56 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Vest Bitcoin Strategy Managed Volatility Fund Investor Class. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Vest Bitcoin Strategy Managed Volatility Fund Investor Class was 64.43%, occurring on Nov 21, 2022. Recovery took 318 trading sessions.
The current Vest Bitcoin Strategy Managed Volatility Fund Investor Class drawdown is 46.62%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-64.43%Nov 2022 | 1y 1mo | 1y 3mo | 2y 4moOct 2021 - Feb 2024 | Bear market2022 |
-51.33%Jun 2026 | 8mo 26d | — | 9mo 29dOct 2025 - now | — |
-25.99%Apr 2025 | 3mo 21d | 3mo 3d | 6mo 24dDec 2024 - Jul 2025 | 2025 selloff2025 |
-20.89%Sep 2024 | 3mo 2d | 1mo 23d | 4mo 25dJun 2024 - Oct 2024 | — |
-13.81%May 2024 | 1mo 18d | 19d | 2mo 7dMar 2024 - May 2024 | — |
Drawdown Indicators
| BTCLX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.43% | -56.78% | -7.65% |
Max Drawdown (1Y)Largest decline over 1 year | -51.33% | -9.10% | -42.23% |
Max Drawdown (3Y)Largest decline over 3 years | -51.33% | -18.90% | -32.43% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -46.62% | -1.58% | -45.04% |
Average DrawdownAverage peak-to-trough decline | -28.23% | -10.70% | -17.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.11% | 2.14% | +29.97% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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