BITS vs. BTCZ

Last updated Jun 5, 2026

BITS (Global X Blockchain & Bitcoin Strategy ETF) and BTCZ (T-Rex 2X Inverse Bitcoin Daily Target ETF) are both Cryptocurrency funds. BITS is passively managed, while BTCZ is actively managed. Over the past year, BITS returned 14.99% vs 60.52% for BTCZ. At a correlation of -0.88, they often move in opposite directions. BITS charges 0.65%/yr vs 0.95%/yr for BTCZ.

Performance

BITS vs. BTCZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Blockchain & Bitcoin Strategy ETF (BITS) and T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BITS achieves a 2.11% return, which is significantly lower than BTCZ's 39.90% return.

BITS

• 1D: -1.97%
• 1M: -7.62%
• YTD: 2.11%
• 6M: -9.62%
• 1Y: 14.99%
• 3Y*: 51.67%
• 5Y*: —
• 10Y*: —

BTCZ

• 1D: 5.56%
• 1M: 60.49%
• YTD: 39.90%
• 6M: 53.41%
• 1Y: 60.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BITS vs. BTCZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BITS Global X Blockchain & Bitcoin Strategy ETF	2.11%	14.90%	29.56%
BTCZ T-Rex 2X Inverse Bitcoin Daily Target ETF	39.90%	-29.11%	-76.58%

Correlation

The correlation between BITS and BTCZ is -0.85, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.85
Correlation (All Time) Calculated using the full available price history since Jul 11, 2024	-0.88

The correlation between BITS and BTCZ has been stable across timeframes, ranging from -0.88 to -0.85 - a consistent structural relationship.

Return for Risk

BITS vs. BTCZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BITS

BITS Risk / Return Rank: 14
BITS Sharpe Ratio Rank: 13
BITS Sortino Ratio Rank: 17
BITS Omega Ratio Rank: 16
BITS Calmar Ratio Rank: 13
BITS Martin Ratio Rank: 12

BTCZ

BTCZ Risk / Return Rank: 24
BTCZ Sharpe Ratio Rank: 21
BTCZ Sortino Ratio Rank: 27
BTCZ Omega Ratio Rank: 26
BTCZ Calmar Ratio Rank: 27
BTCZ Martin Ratio Rank: 21

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BITS vs. BTCZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain & Bitcoin Strategy ETF (BITS) and T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ). 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.

	BITS	BTCZ	Difference
Sharpe ratio: Return per unit of total volatility	0.29	0.69	-0.41
Sortino ratio: Return per unit of downside risk	0.76	1.45	-0.70
Omega ratio: Gain probability vs. loss probability	1.09	1.17	-0.09
Calmar ratio: Return relative to maximum drawdown	0.31	1.24	-0.93
Martin ratio: Return relative to average drawdown	0.58	2.36	-1.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BITS vs. BTCZ - Sharpe Ratio Comparison

The current BITS Sharpe Ratio is 0.29, which is lower than the BTCZ Sharpe Ratio of 0.69. The chart below compares the historical Sharpe Ratios of BITS and BTCZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BITS	BTCZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.29	0.69	-0.41
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	-0.55	+0.56

Drawdowns

BITS vs. BTCZ - Drawdown Comparison

The maximum BITS drawdown since its inception was -83.11%, smaller than the maximum BTCZ drawdown of -91.06%. Use the drawdown chart below to compare losses from any high point for BITS and BTCZ.

Drawdown Indicators

	BITS	BTCZ	Difference
Max Drawdown Largest peak-to-trough decline	-83.11%	-91.06%	+7.95%
Max Drawdown (1Y) Largest decline over 1 year	-48.38%	-49.02%	+0.64%
Max Drawdown (3Y) Largest decline over 3 years	-48.38%	—	—
Current Drawdown Current decline from peak	-32.77%	-77.44%	+44.67%
Average Drawdown Average peak-to-trough decline	-42.75%	-73.73%	+30.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.76%	25.76%	0.00%

Volatility

BITS vs. BTCZ - Volatility Comparison

The current volatility for Global X Blockchain & Bitcoin Strategy ETF (BITS) is 12.16%, while T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ) has a volatility of 17.24%. This indicates that BITS experiences smaller price fluctuations and is considered to be less risky than BTCZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BITS	BTCZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.16%	17.24%	-5.08%
Volatility (6M) Calculated over the trailing 6-month period	40.38%	67.20%	-26.82%
Volatility (1Y) Calculated over the trailing 1-year period	52.48%	87.54%	-35.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.89%	97.10%	-36.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.89%	97.10%	-36.21%

BITS vs. BTCZ - Expense Ratio Comparison

BITS has a 0.65% expense ratio, which is lower than BTCZ's 0.95% expense ratio.

Dividends

BITS vs. BTCZ - Dividend Comparison

BITS's dividend yield for the trailing twelve months is around 22.32%, more than BTCZ's 0.01% yield.

Position	TTM	2025	2024	2023	2022	2021
BITS Global X Blockchain & Bitcoin Strategy ETF	22.32%	22.80%	29.49%	13.69%	0.48%	1.90%
BTCZ T-Rex 2X Inverse Bitcoin Daily Target ETF	0.01%	0.02%	0.08%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BITS and BTCZ in my portfolio?

BITS and BTCZ have a correlation of -0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BITS or BTCZ?

BTCZ has higher volatility (17.24%) compared to BITS (12.16%). In terms of maximum drawdown, BITS dropped -83.11% vs BTCZ's -91.06%.

Which ETF is better, BITS or BTCZ?

On 1-year performance, BTCZ leads with 60.52% vs 14.99% for BITS. On fees, BITS is cheaper at 0.65% per year. On volatility, BITS has been the lower-risk option at 12.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BITS or BTCZ?

Over the 1-year period, BTCZ has performed better with a 60.52% return vs 14.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BITS or BTCZ?

BITS is cheaper with a 0.65% expense ratio, compared with 0.95% for BTCZ.

Which ETF pays a higher dividend yield, BITS or BTCZ?

BITS has the higher dividend yield at 22.32%, compared with 0.01% for BTCZ.

What is the main difference between BITS and BTCZ?

They also come from different issuers: Global X and T-Rex. Their fees differ too: 0.65% for BITS and 0.95% for BTCZ.

Which has better risk-adjusted returns?

BTCZ currently has the higher Sharpe Ratio (0.69 vs 0.29), 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.