BEX vs. CONX

Last updated Aug 2, 2026

BEX (Tradr 2X Long BE Daily ETF) and CONX (Direxion Daily COIN Bull 2X ETF) are both Leveraged Equities funds. Both are actively managed. Their 0.21 correlation means their historical movements had little consistent relationship. BEX charges 1.30%/yr vs 0.97%/yr for CONX.

Performance

BEX vs. CONX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long BE Daily ETF (BEX) and Direxion Daily COIN Bull 2X ETF (CONX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BEX

• 1D: -0.74%
• 1M: -51.56%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

CONX

• 1D: -20.53%
• 1M: -24.96%
• 6M: -60.87%
• YTD: -72.01%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
BEX Tradr 2X Long BE Daily ETF	$83.57M	$80.37M	$68.34M
CONX Direxion Daily COIN Bull 2X ETF	$663.34K	$603.48K	$727.57K

BEX vs. CONX - Yearly Performance Comparison

	2026 (YTD)
BEX Tradr 2X Long BE Daily ETF	-69.85%
CONX Direxion Daily COIN Bull 2X ETF	-43.92%

Correlation

The correlation between BEX and CONX is 0.21, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 26, 2026	0.21

Return for Risk

BEX vs. CONX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long BE Daily ETF (BEX) and Direxion Daily COIN Bull 2X ETF (CONX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

BEX vs. CONX - Drawdown Comparison

The maximum BEX drawdown since its inception was -82.16%, roughly equal to the maximum CONX drawdown of -81.76%. Use the drawdown chart below to compare losses from any high point for BEX and CONX.

Drawdown Indicators

	BEX	CONX	Difference
Max Drawdown Largest peak-to-trough decline	-82.16%	-81.76%	-0.40%
Current Drawdown Current decline from peak	-72.82%	-81.76%	+8.94%
Average Drawdown Average peak-to-trough decline	-41.43%	-55.08%	+13.65%

Volatility

Volatility by Period

	BEX	CONX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	264.69%	143.66%	+121.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	264.69%	143.66%	+121.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	264.69%	143.66%	+121.03%

BEX vs. CONX - Expense Ratio Comparison

BEX has a 1.30% expense ratio, which is higher than CONX's 0.97% expense ratio.

Dividends

BEX vs. CONX - Dividend Comparison

BEX has not paid dividends to shareholders, while CONX's dividend yield for the trailing twelve months is around 3.56%.

Position	TTM	2025
BEX Tradr 2X Long BE Daily ETF	0.00%	0.00%
CONX Direxion Daily COIN Bull 2X ETF	3.56%	0.42%

Frequently Asked Questions

Can I hold both BEX and CONX in my portfolio?

BEX and CONX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BEX or CONX?

On fees, CONX is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BEX or CONX?

CONX is cheaper with a 0.97% expense ratio, compared with 1.30% for BEX.

Which ETF pays a higher dividend yield, BEX or CONX?

CONX has the higher dividend yield at 3.56%, compared with 0.00% for BEX.

What is the main difference between BEX and CONX?

They also come from different issuers: Tradr and Direxion. Their fees differ too: 1.30% for BEX and 0.97% for CONX.