BEGS vs. BTCL

Last updated Aug 1, 2026

BEGS (Rareview 2x Bull Cryptocurrency & Precious Metals ETF) and BTCL (T-REX 2X Long Bitcoin Daily Target ETF) are both Leveraged Cryptocurrency funds. Both are actively managed. Over the past year, BEGS returned -37.63% vs -78.91% for BTCL. Their correlation of 0.87 means they have usually moved in the same direction. BEGS charges 0.99%/yr vs 0.95%/yr for BTCL.

Performance

BEGS vs. BTCL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rareview 2x Bull Cryptocurrency & Precious Metals ETF (BEGS) and T-REX 2X Long Bitcoin Daily Target ETF (BTCL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BEGS achieves a -41.25% return, which is significantly higher than BTCL's -58.66% return.

BEGS

• 1D: -4.44%
• 1M: 0.88%
• 6M: -44.88%
• YTD: -41.25%
• 1Y: -37.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -15.83%

BTCL

• 1D: -5.62%
• 1M: 3.27%
• 6M: -53.78%
• YTD: -58.66%
• 1Y: -78.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -28.39%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BEGS Rareview 2x Bull Cryptocurrency & Precious Metals ETF	$33.85K	$70.66K	$58.45K
BTCL T-REX 2X Long Bitcoin Daily Target ETF	$874.62K	$895.29K	$1.28M

BEGS vs. BTCL - Yearly Performance Comparison

	2026 (YTD)	2025
BEGS Rareview 2x Bull Cryptocurrency & Precious Metals ETF	-41.25%	32.00%
BTCL T-REX 2X Long Bitcoin Daily Target ETF	-58.66%	-42.22%

Correlation

The correlation between BEGS and BTCL is 0.86, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.86
Correlation (All Time) Calculated using the full available price history since Feb 7, 2025	0.87

The correlation between BEGS and BTCL has been stable across timeframes, ranging from 0.86 to 0.87 - a consistent structural relationship.

Return for Risk

BEGS vs. BTCL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BEGS

BEGS Risk / Return Rank: 4
BEGS Sharpe Ratio Rank: 4
BEGS Sortino Ratio Rank: 5
BEGS Omega Ratio Rank: 5
BEGS Calmar Ratio Rank: 4
BEGS Martin Ratio Rank: 3

BTCL

BTCL Risk / Return Rank: 1
BTCL Sharpe Ratio Rank: 2
BTCL Sortino Ratio Rank: 1
BTCL Omega Ratio Rank: 1
BTCL Calmar Ratio Rank: 1
BTCL Martin Ratio Rank: 2

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BEGS vs. BTCL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rareview 2x Bull Cryptocurrency & Precious Metals ETF (BEGS) and T-REX 2X Long Bitcoin Daily Target ETF (BTCL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	BEGS	BTCL	Difference
Sharpe ratio: Return per unit of total volatility	-0.58	-0.91	+0.33
Sortino ratio: Return per unit of downside risk	-0.52	-1.83	+1.32
Omega ratio: Gain probability vs. loss probability	0.94	0.80	+0.14
Calmar ratio: Return relative to maximum drawdown	-0.65	-0.96	+0.31
Martin ratio: Return relative to average drawdown	-1.21	-1.34	+0.13

BEGS vs. BTCL - Sharpe Ratio Comparison

The current BEGS Sharpe Ratio is -0.58, which is higher than the BTCL Sharpe Ratio of -0.91. The chart below compares the historical Sharpe Ratios of BEGS and BTCL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BEGS vs. BTCL - Drawdown Comparison

The maximum BEGS drawdown since its inception was -60.23%, smaller than the maximum BTCL drawdown of -84.01%. Use the drawdown chart below to compare losses from any high point for BEGS and BTCL.

Drawdown Indicators

	BEGS	BTCL	Difference
Max Drawdown Largest peak-to-trough decline	-60.23%	-84.01%	+23.78%
Max Drawdown (1Y) Largest decline over 1 year	-60.23%	-84.01%	+23.78%
Current Drawdown Current decline from peak	-56.47%	-82.03%	+25.56%
Average Drawdown Average peak-to-trough decline	-20.76%	-37.76%	+17.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.21%	59.98%	-27.77%

Volatility

BEGS vs. BTCL - Volatility Comparison

The current volatility for Rareview 2x Bull Cryptocurrency & Precious Metals ETF (BEGS) is 16.14%, while T-REX 2X Long Bitcoin Daily Target ETF (BTCL) has a volatility of 17.89%. This indicates that BEGS experiences smaller price fluctuations and is considered to be less risky than BTCL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BEGS	BTCL	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.14%	17.89%	-1.75%
Volatility (6M) Calculated over the trailing 6-month period	56.59%	68.12%	-11.53%
Volatility (1Y) Calculated over the trailing 1-year period	67.71%	88.68%	-20.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.24%	96.26%	-33.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.24%	96.26%	-33.02%

BEGS vs. BTCL - Expense Ratio Comparison

BEGS has a 0.99% expense ratio, which is higher than BTCL's 0.95% expense ratio.

Dividends

BEGS vs. BTCL - Dividend Comparison

BEGS's dividend yield for the trailing twelve months is around 82.09%, more than BTCL's 4.10% yield.

Position	TTM	2025	2024
BEGS Rareview 2x Bull Cryptocurrency & Precious Metals ETF	82.09%	48.23%	0.00%
BTCL T-REX 2X Long Bitcoin Daily Target ETF	4.10%	1.70%	4.35%

Frequently Asked Questions

Can I hold both BEGS and BTCL in my portfolio?

BEGS and BTCL have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BEGS or BTCL?

BTCL has higher volatility (17.89%) compared to BEGS (16.14%). In terms of maximum drawdown, BEGS dropped -60.23% vs BTCL's -84.01%.

Which ETF is better, BEGS or BTCL?

On 1-year performance, BEGS leads with -37.63% vs -78.91% for BTCL. On fees, BTCL is cheaper at 0.95% per year. On volatility, BEGS has been the lower-risk option at 16.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BEGS or BTCL?

Over the 1-year period, BEGS has performed better with a -37.63% return vs -78.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BEGS or BTCL?

BTCL is cheaper with a 0.95% expense ratio, compared with 0.99% for BEGS.

Which ETF pays a higher dividend yield, BEGS or BTCL?

BEGS has the higher dividend yield at 82.09%, compared with 4.10% for BTCL.

What is the main difference between BEGS and BTCL?

They also come from different issuers: Rareview and REX. Their fees differ too: 0.99% for BEGS and 0.95% for BTCL.

Which has better risk-adjusted returns?

BEGS currently has the higher Sharpe Ratio (-0.58 vs -0.91), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.