BITX vs. AMLP
BITX (2x Bitcoin Strategy ETF) and AMLP (Alerian MLP ETF) are both exchange-traded funds - BITX is a Cryptocurrency fund tracking the S&P CME Bitcoin Futures Daily Roll Index (200%), while AMLP is a MLPs fund tracking the Alerian MLP Infrastructure Index. Both are passively managed. Over the past 3 years, BITX returned 7.94%/yr vs 19.15%/yr for AMLP. Their 0.12 correlation means their historical movements had little consistent relationship. BITX charges 2.38%/yr vs 0.90%/yr for AMLP.
Performance
BITX vs. AMLP - Performance Comparison
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Returns By Period
In the year-to-date period, BITX achieves a -55.03% return, which is significantly lower than AMLP's 20.23% return.
BITX
- 1D
- 1.89%
- 1M
- 2.17%
- 6M
- -33.71%
- YTD
- -55.03%
- 1Y
- -76.80%
- 3Y*
- 7.94%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 1.93%
AMLP
- 1D
- -1.16%
- 1M
- 4.70%
- 6M
- 11.68%
- YTD
- 20.23%
- 1Y
- 19.62%
- 3Y*
- 19.15%
- 5Y*
- 20.05%
- 10Y*
- 6.91%
- ALL TIME*
- 5.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AMLP Alerian MLP ETF | $73.87M | $62.93M | $74.06M |
| $87.85M | $93.90M | $115.18M |
BITX vs. AMLP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BITX 2x Bitcoin Strategy ETF | -55.03% | -38.71% | 163.41% | 46.18% |
AMLP Alerian MLP ETF | 20.23% | 5.78% | 22.76% | 15.57% |
Correlation
The correlation between BITX and AMLP is -0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023 | 0.12 |
The correlation between BITX and AMLP shifts across timeframes, from -0.07 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BITX vs. AMLP — Risk / Return Rank
BITX
AMLP
BITX vs. AMLP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 2x Bitcoin Strategy ETF (BITX) and Alerian MLP ETF (AMLP). 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.
| BITX | AMLP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.45 | ||
| Sortino ratioReturn per unit of downside risk | -3.84 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.27 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 2.39 | -3.31 |
| Martin ratioReturn relative to average drawdown | -1.28 | 6.69 | -7.97 |
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Drawdowns
BITX vs. AMLP - Drawdown Comparison
The maximum BITX drawdown since its inception was -83.45%, which is greater than AMLP's maximum drawdown of -77.19%. Use the drawdown chart below to compare losses from any high point for BITX and AMLP.
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Drawdown Indicators
| BITX | AMLP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.45% | -77.19% | -6.26% |
Max Drawdown (1Y)Largest decline over 1 year | -83.45% | -8.25% | -75.20% |
Max Drawdown (3Y)Largest decline over 3 years | -83.45% | -14.27% | -69.18% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.92% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -72.62% | — |
Current DrawdownCurrent decline from peak | -80.12% | -1.74% | -78.38% |
Average DrawdownAverage peak-to-trough decline | -34.37% | -17.25% | -17.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 60.08% | 2.94% | +57.14% |
Volatility
BITX vs. AMLP - Volatility Comparison
2x Bitcoin Strategy ETF (BITX) has a higher volatility of 16.26% compared to Alerian MLP ETF (AMLP) at 3.90%. This indicates that BITX's price experiences larger fluctuations and is considered to be riskier than AMLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BITX | AMLP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.26% | 3.90% | +12.36% |
Volatility (6M)Calculated over the trailing 6-month period | 66.21% | 9.73% | +56.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.02% | 12.53% | +75.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 97.02% | 19.34% | +77.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.02% | 27.65% | +69.37% |
BITX vs. AMLP - Expense Ratio Comparison
BITX has a 2.38% expense ratio, which is higher than AMLP's 0.90% expense ratio.
Dividends
BITX vs. AMLP - Dividend Comparison
BITX's dividend yield for the trailing twelve months is around 26.27%, more than AMLP's 7.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMLP Alerian MLP ETF | 7.40% | 8.36% | 7.70% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.29% | 7.97% | 8.09% | 9.84% |
BITX 2x Bitcoin Strategy ETF | 26.27% | 21.69% | 10.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BITX and AMLP have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITX has higher volatility (16.26%) compared to AMLP (3.90%). In terms of maximum drawdown, BITX dropped -83.45% vs AMLP's -77.19%.
On 3-year performance, AMLP leads with 19.15% vs 7.94% for BITX. On fees, AMLP is cheaper at 0.90% per year. On volatility, AMLP has been the lower-risk option at 3.90%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, AMLP has performed better with a 19.15% return vs 7.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AMLP is cheaper with a 0.90% expense ratio, compared with 2.38% for BITX.
BITX has the higher dividend yield at 26.27%, compared with 7.40% for AMLP.
BITX is categorized as Cryptocurrency, while AMLP is MLPs. BITX tracks S&P CME Bitcoin Futures Daily Roll Index (200%), while AMLP tracks Alerian MLP Infrastructure Index. They also come from different issuers: Volatility Shares and SS&C. Their fees differ too: 2.38% for BITX and 0.90% for AMLP.
AMLP currently has the higher Sharpe Ratio (1.58 vs -0.87), 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.
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