BITK vs. WZRD

Last updated Aug 1, 2026

BITK (Tuttle Capital Bitcoin 0DTE Covered Call ETF) and WZRD (Opportunistic Trader ETF) are both exchange-traded funds - BITK is a Derivative Income fund actively managed by Tuttle, while WZRD is a Large Cap Blend Equities fund actively managed by Tuttle. Both are actively managed. Their -0.03 correlation means they have often moved in opposite directions in the past. BITK charges 0.99%/yr vs 1.07%/yr for WZRD.

Performance

BITK vs. WZRD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tuttle Capital Bitcoin 0DTE Covered Call ETF (BITK) and Opportunistic Trader ETF (WZRD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BITK achieves a -30.37% return, which is significantly higher than WZRD's -95.64% return.

BITK

• 1D: 0.00%
• 1M: 3.70%
• 6M: -25.97%
• YTD: -30.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

WZRD

• 1D: -24.11%
• 1M: -66.67%
• 6M: -94.79%
• YTD: -95.64%
• 1Y: -96.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -95.20%

*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)
BITK Tuttle Capital Bitcoin 0DTE Covered Call ETF	$0.00	$4.50K	$39.97K
WZRD Opportunistic Trader ETF	$53.22K	$31.27K	$34.05K

BITK vs. WZRD - Yearly Performance Comparison

	2026 (YTD)	2025
BITK Tuttle Capital Bitcoin 0DTE Covered Call ETF	-30.37%	-27.15%
WZRD Opportunistic Trader ETF	-95.64%	-6.50%

Correlation

The correlation between BITK and WZRD is -0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025	-0.03

Return for Risk

BITK vs. WZRD — Risk / Return Rank

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

BITK

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

WZRD

WZRD Risk / Return Rank: 0
WZRD Sharpe Ratio Rank: 2
WZRD Sortino Ratio Rank: 0
WZRD Omega Ratio Rank: 0
WZRD Calmar Ratio Rank: 0
WZRD Martin Ratio Rank: 0

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.

BITK vs. WZRD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tuttle Capital Bitcoin 0DTE Covered Call ETF (BITK) and Opportunistic Trader ETF (WZRD). 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.

	BITK	WZRD	Difference
Sharpe ratio: Return per unit of total volatility	—	-1.00	—
Sortino ratio: Return per unit of downside risk	—	-3.21	—
Omega ratio: Gain probability vs. loss probability	—	0.54	—
Calmar ratio: Return relative to maximum drawdown	—	-1.00	—
Martin ratio: Return relative to average drawdown	—	-2.09	—

Drawdowns

BITK vs. WZRD - Drawdown Comparison

The maximum BITK drawdown since its inception was -57.48%, smaller than the maximum WZRD drawdown of -96.46%. Use the drawdown chart below to compare losses from any high point for BITK and WZRD.

Drawdown Indicators

	BITK	WZRD	Difference
Max Drawdown Largest peak-to-trough decline	-57.48%	-96.46%	+38.98%
Max Drawdown (1Y) Largest decline over 1 year	—	-96.46%	—
Current Drawdown Current decline from peak	-53.75%	-96.46%	+42.71%
Average Drawdown Average peak-to-trough decline	-38.35%	-33.13%	-5.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	46.06%	—

Volatility

Volatility by Period

	BITK	WZRD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	70.52%	—
Volatility (6M) Calculated over the trailing 6-month period	—	99.00%	—
Volatility (1Y) Calculated over the trailing 1-year period	46.91%	96.72%	-49.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.91%	92.69%	-45.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.91%	92.69%	-45.78%

BITK vs. WZRD - Expense Ratio Comparison

BITK has a 0.99% expense ratio, which is lower than WZRD's 1.07% expense ratio.

Dividends

BITK vs. WZRD - Dividend Comparison

BITK's dividend yield for the trailing twelve months is around 49.49%, more than WZRD's 29.54% yield.

Position	TTM	2025
BITK Tuttle Capital Bitcoin 0DTE Covered Call ETF	49.49%	23.15%
WZRD Opportunistic Trader ETF	29.54%	1.29%

Frequently Asked Questions

Can I hold both BITK and WZRD in my portfolio?

BITK and WZRD have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BITK or WZRD?

On fees, BITK is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BITK or WZRD?

BITK is cheaper with a 0.99% expense ratio, compared with 1.07% for WZRD.

Which ETF pays a higher dividend yield, BITK or WZRD?

BITK has the higher dividend yield at 49.49%, compared with 29.54% for WZRD.

What is the main difference between BITK and WZRD?

BITK is categorized as Derivative Income, while WZRD is Large Cap Blend Equities. Their fees differ too: 0.99% for BITK and 1.07% for WZRD.