BMNU vs. BTCL

Last updated Jun 5, 2026

BMNU (T-REX 2X Long BMNR Daily Target ETF) and BTCL (T-REX 2X Long Bitcoin Daily Target ETF) are both exchange-traded funds - BMNU is a Leveraged Equities fund actively managed by REX, while BTCL is a Leveraged Cryptocurrency fund actively managed by REX. Both are actively managed. Their correlation of 0.86 suggests significant overlap in exposure. BMNU charges 1.50%/yr vs 0.95%/yr for BTCL.

Performance

BMNU vs. BTCL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-REX 2X Long BMNR Daily Target ETF (BMNU) and T-REX 2X Long Bitcoin Daily Target ETF (BTCL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BMNU achieves a -73.22% return, which is significantly lower than BTCL's -55.71% return.

BMNU

• 1D: 10.82%
• 1M: -43.61%
• YTD: -73.22%
• 6M: -86.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTCL

• 1D: -5.31%
• 1M: -40.66%
• YTD: -55.71%
• 6M: -61.59%
• 1Y: -74.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BMNU vs. BTCL - Yearly Performance Comparison

	2026 (YTD)	2025
BMNU T-REX 2X Long BMNR Daily Target ETF	-73.22%	-81.57%
BTCL T-REX 2X Long Bitcoin Daily Target ETF	-55.71%	-42.58%

Correlation

The correlation between BMNU and BTCL is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 29, 2025	0.86

Return for Risk

BMNU vs. BTCL — Risk / Return Rank

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

BTCL

BTCL Risk / Return Rank: 2
BTCL Sharpe Ratio Rank: 2
BTCL Sortino Ratio Rank: 1
BTCL Omega Ratio Rank: 2
BTCL Calmar Ratio Rank: 1
BTCL Martin Ratio Rank: 1

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.

BMNU vs. BTCL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long BMNR Daily Target ETF (BMNU) and T-REX 2X Long Bitcoin Daily Target ETF (BTCL). 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.

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

Sharpe Ratios by Period

	BMNU	BTCL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.86	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.53	-0.28	-0.25

Drawdowns

BMNU vs. BTCL - Drawdown Comparison

The maximum BMNU drawdown since its inception was -97.05%, which is greater than BTCL's maximum drawdown of -80.75%. Use the drawdown chart below to compare losses from any high point for BMNU and BTCL.

Drawdown Indicators

	BMNU	BTCL	Difference
Max Drawdown Largest peak-to-trough decline	-97.05%	-80.75%	-16.30%
Max Drawdown (1Y) Largest decline over 1 year	—	-80.75%	—
Current Drawdown Current decline from peak	-96.73%	-80.75%	-15.98%
Average Drawdown Average peak-to-trough decline	-79.79%	-34.25%	-45.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	50.74%	—

Volatility

Volatility by Period

	BMNU	BTCL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	18.49%	—
Volatility (6M) Calculated over the trailing 6-month period	—	68.72%	—
Volatility (1Y) Calculated over the trailing 1-year period	187.61%	87.41%	+100.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	187.61%	97.85%	+89.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	187.61%	97.85%	+89.76%

BMNU vs. BTCL - Expense Ratio Comparison

BMNU has a 1.50% expense ratio, which is higher than BTCL's 0.95% expense ratio.

Dividends

BMNU vs. BTCL - Dividend Comparison

BMNU has not paid dividends to shareholders, while BTCL's dividend yield for the trailing twelve months is around 3.83%.

Position	TTM	2025	2024
BMNU T-REX 2X Long BMNR Daily Target ETF	0.00%	0.00%	0.00%
BTCL T-REX 2X Long Bitcoin Daily Target ETF	3.83%	1.70%	4.35%

Frequently Asked Questions

Can I hold both BMNU and BTCL in my portfolio?

BMNU and BTCL have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BMNU or BTCL?

On fees, BTCL is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BMNU or BTCL?

BTCL is cheaper with a 0.95% expense ratio, compared with 1.50% for BMNU.

Which ETF pays a higher dividend yield, BMNU or BTCL?

BTCL has the higher dividend yield at 3.83%, compared with 0.00% for BMNU.

What is the main difference between BMNU and BTCL?

BMNU is categorized as Leveraged Equities, while BTCL is Leveraged Cryptocurrency. Their fees differ too: 1.50% for BMNU and 0.95% for BTCL.