BESO vs. BTRN
BESO (GSR Crypto Core3 ETF) and BTRN (Global X Bitcoin Trend Strategy ETF) are both Cryptocurrency funds. BESO is actively managed, while BTRN is passively managed. A 0.67 correlation means they provide meaningful diversification when combined. BESO charges 1.00%/yr vs 0.95%/yr for BTRN.
Performance
BESO vs. BTRN - Performance Comparison
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Returns By Period
BESO
- 1D
- -0.37%
- 1M
- 14.17%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTRN
- 1D
- -0.02%
- 1M
- -1.38%
- 6M
- -10.57%
- YTD
- -10.54%
- 1Y
- -18.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BESO vs. BTRN - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BESO GSR Crypto Core3 ETF | -2.19% |
BTRN Global X Bitcoin Trend Strategy ETF | -10.33% |
Correlation
The correlation between BESO and BTRN is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 22, 2026 | 0.67 |
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Return for Risk
BESO vs. BTRN — Risk / Return Rank
BESO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BTRN
BESO vs. BTRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GSR Crypto Core3 ETF (BESO) and Global X Bitcoin Trend Strategy ETF (BTRN). 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.
| BESO | BTRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.81 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.70 | — |
| Martin ratioReturn relative to average drawdown | — | -1.11 | — |
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Drawdowns
BESO vs. BTRN - Drawdown Comparison
The maximum BESO drawdown since its inception was -18.08%, smaller than the maximum BTRN drawdown of -36.97%. Use the drawdown chart below to compare losses from any high point for BESO and BTRN.
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Drawdown Indicators
| BESO | BTRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.08% | -36.97% | +18.89% |
Max Drawdown (1Y)Largest decline over 1 year | — | -26.45% | — |
Current DrawdownCurrent decline from peak | -5.68% | -26.32% | +20.64% |
Average DrawdownAverage peak-to-trough decline | -9.34% | -14.83% | +5.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 16.50% | — |
Volatility
BESO vs. BTRN - Volatility Comparison
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Volatility by Period
| BESO | BTRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.49% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.21% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 42.31% | 18.35% | +23.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.31% | 30.38% | +11.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.31% | 30.38% | +11.93% |
BESO vs. BTRN - Expense Ratio Comparison
BESO has a 1.00% expense ratio, which is higher than BTRN's 0.95% expense ratio.
Dividends
BESO vs. BTRN - Dividend Comparison
BESO has not paid dividends to shareholders, while BTRN's dividend yield for the trailing twelve months is around 31.38%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BESO GSR Crypto Core3 ETF | 0.00% | 0.00% | 0.00% |
BTRN Global X Bitcoin Trend Strategy ETF | 31.38% | 27.76% | 2.56% |
Frequently Asked Questions
BESO and BTRN have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BTRN is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BTRN is cheaper with a 0.95% expense ratio, compared with 1.00% for BESO.
BTRN has the higher dividend yield at 31.38%, compared with 0.00% for BESO.
They also come from different issuers: GSR and Global X. Their fees differ too: 1.00% for BESO and 0.95% for BTRN.
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