- Issuer
- T-Rex
- Inception Date
- Jul 9, 2024
- Category
- Cryptocurrency
- Leveraged
- -2x
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Cryptocurrency
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
Highlights
- Avg. Volume (1M)
- 19M
- Avg. Volume Value (1M)
- $102.22M
Share Price Chart
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Performance
BTCZ Performance Chart
T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ) is up 26.4% since the beginning of the year. BTCZ is currently trading at $5 per share.
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Returns By Period
T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ) has returned 26.37% so far this year and 77.07% over the past 12 months.
T-Rex 2X Inverse Bitcoin Daily Target ETF
- 1D
- -2.56%
- 1M
- -5.17%
- 6M
- -5.67%
- YTD
- 26.37%
- 1Y
- 77.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -52.85%
Benchmark (S&P 500 Index)
- 1D
- -0.17%
- 1M
- 2.47%
- 6M
- 12.22%
- YTD
- 12.83%
- 1Y
- 22.61%
- 3Y*
- 19.93%
- 5Y*
- 11.73%
- 10Y*
- 13.47%
- ALL TIME*
- 8.14%
BTCZ Monthly Returns History
Based on dividend-adjusted daily data since Jul 10, 2024, BTCZ's average daily return is -0.12%, while the average monthly return is -2.91%.
Historically, 42% of months were positive and 58% were negative. The best month was Jun 2026 with a return of +47.6%, while the worst month was Nov 2024 at -54.9%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 5 months.
On a daily basis, BTCZ closed higher 51% of trading days. The best single day was Aug 5, 2024 with a return of +28.9%, while the worst single day was Nov 11, 2024 at -27.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.75% | 39.91% | -11.35% | -22.94% | 6.76% | 47.56% | -14.76% | -6.01% | 26.37% | ||||
| 2025 | -19.19% | 40.42% | -2.60% | -28.71% | -20.83% | -7.69% | -16.37% | 12.59% | -12.27% | 4.42% | 38.64% | 2.95% | -29.11% |
| 2024 | -26.21% | 7.24% | -17.99% | -21.31% | -54.85% | 2.14% | -76.45% |
Benchmark Metrics
T-Rex 2X Inverse Bitcoin Daily Target ETF has an annualized alpha of 17.09%, beta of -2.63, and R2 of 0.21 versus S&P 500 Index. Calculated based on daily prices since July 10, 2024.
- This ETF participated in 39.52% of S&P 500 Index downside but only -132.90% of its upside - more exposed to losses than it benefited from rallies.
- Beta of -2.63 may look defensive, but with R2 of 0.21 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.21 means this ETF 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
- 17.09%
- Beta
- -2.63
- R²
- 0.21
- Upside Capture
- -132.90%
- Downside Capture
- 39.52%
Expense Ratio
BTCZ has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
BTCZ ranks 35 for risk / return — above 35% of ETFs peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ) 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.
| BTCZ | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.32 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 2.50 | -0.92 |
| Martin ratioReturn relative to average drawdown | 3.41 | 10.58 | -7.17 |
Dividends
Dividend History
T-Rex 2X Inverse Bitcoin Daily Target ETF provided a 0.01% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 |
Dividend yield | 0.01% | 0.02% | 0.08% |
Monthly Dividends
The table displays the monthly dividend distributions for T-Rex 2X Inverse Bitcoin Daily Target ETF. 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 | $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 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 |
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 T-Rex 2X Inverse Bitcoin Daily Target ETF. 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 T-Rex 2X Inverse Bitcoin Daily Target ETF was 91.06%, occurring on Oct 6, 2025. The portfolio has not yet recovered.
The current T-Rex 2X Inverse Bitcoin Daily Target ETF drawdown is 79.62%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-91.06%Oct 2025 | 1y 2mo | — | 2yAug 2024 - now | — |
-32.42%Jul 2024 | 15d | 10d | 25dJul 2024 - Aug 2024 | — |
Drawdown Indicators
| BTCZ | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.06% | -56.78% | -34.28% |
Max Drawdown (1Y)Largest decline over 1 year | -49.02% | -9.10% | -39.92% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
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 | -79.62% | -0.17% | -79.45% |
Average DrawdownAverage peak-to-trough decline | -73.94% | -10.69% | -63.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.68% | 2.14% | +20.54% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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