BTCL vs. AIPI

Last updated Jun 5, 2026

BTCL (T-REX 2X Long Bitcoin Daily Target ETF) and AIPI (REX AI Equity Premium Income ETF) are both exchange-traded funds - BTCL is a Leveraged Cryptocurrency fund actively managed by REX, while AIPI is a Derivative Income fund actively managed by REX. Both are actively managed. Over the past year, BTCL returned -74.96% vs 29.84% for AIPI. At a 0.41 correlation, their price movements are largely independent. BTCL charges 0.95%/yr vs 0.65%/yr for AIPI.

Performance

BTCL vs. AIPI - Performance Comparison

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

Returns By Period

In the year-to-date period, BTCL achieves a -55.71% return, which is significantly lower than AIPI's 10.97% return.

BTCL

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

AIPI

• 1D: 0.26%
• 1M: 9.17%
• YTD: 10.97%
• 6M: 9.91%
• 1Y: 29.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BTCL vs. AIPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BTCL T-REX 2X Long Bitcoin Daily Target ETF	-55.71%	-39.52%	105.78%
AIPI REX AI Equity Premium Income ETF	10.97%	16.38%	4.48%

Correlation

The correlation between BTCL and AIPI is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (All Time) Calculated using the full available price history since Jul 11, 2024	0.41

Return for Risk

BTCL vs. AIPI — 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

AIPI

AIPI Risk / Return Rank: 50
AIPI Sharpe Ratio Rank: 56
AIPI Sortino Ratio Rank: 51
AIPI Omega Ratio Rank: 56
AIPI Calmar Ratio Rank: 43
AIPI Martin Ratio Rank: 41

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.

BTCL vs. AIPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long Bitcoin Daily Target ETF (BTCL) and REX AI Equity Premium Income ETF (AIPI). 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.

	BTCL	AIPI	Difference
Sharpe ratio: Return per unit of total volatility	-0.86	1.88	-2.74
Sortino ratio: Return per unit of downside risk	-1.53	2.46	-4.00
Omega ratio: Gain probability vs. loss probability	0.83	1.34	-0.51
Calmar ratio: Return relative to maximum drawdown	-0.93	2.08	-3.01
Martin ratio: Return relative to average drawdown	-1.48	6.46	-7.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BTCL vs. AIPI - Sharpe Ratio Comparison

The current BTCL Sharpe Ratio is -0.86, which is lower than the AIPI Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of BTCL and AIPI, 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

	BTCL	AIPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.86	1.88	-2.74
Sharpe Ratio (All Time) Calculated using the full available price history	-0.28	1.04	-1.32

Drawdowns

BTCL vs. AIPI - Drawdown Comparison

The maximum BTCL drawdown since its inception was -80.75%, which is greater than AIPI's maximum drawdown of -25.25%. Use the drawdown chart below to compare losses from any high point for BTCL and AIPI.

Drawdown Indicators

	BTCL	AIPI	Difference
Max Drawdown Largest peak-to-trough decline	-80.75%	-25.25%	-55.50%
Max Drawdown (1Y) Largest decline over 1 year	-80.75%	-14.40%	-66.35%
Current Drawdown Current decline from peak	-80.75%	-0.55%	-80.20%
Average Drawdown Average peak-to-trough decline	-34.25%	-4.65%	-29.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	50.74%	4.63%	+46.11%

Volatility

BTCL vs. AIPI - Volatility Comparison

T-REX 2X Long Bitcoin Daily Target ETF (BTCL) has a higher volatility of 18.49% compared to REX AI Equity Premium Income ETF (AIPI) at 2.86%. This indicates that BTCL's price experiences larger fluctuations and is considered to be riskier than AIPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTCL	AIPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.49%	2.86%	+15.63%
Volatility (6M) Calculated over the trailing 6-month period	68.72%	12.91%	+55.81%
Volatility (1Y) Calculated over the trailing 1-year period	87.41%	15.91%	+71.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	97.85%	21.37%	+76.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	97.85%	21.37%	+76.48%

BTCL vs. AIPI - Expense Ratio Comparison

BTCL has a 0.95% expense ratio, which is higher than AIPI's 0.65% expense ratio.

Dividends

BTCL vs. AIPI - Dividend Comparison

BTCL's dividend yield for the trailing twelve months is around 3.83%, less than AIPI's 34.72% yield.

Position	TTM	2025	2024
AIPI REX AI Equity Premium Income ETF	34.72%	37.84%	18.13%
BTCL T-REX 2X Long Bitcoin Daily Target ETF	3.83%	1.70%	4.35%

Frequently Asked Questions

Can I hold both BTCL and AIPI in my portfolio?

BTCL and AIPI have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BTCL or AIPI?

BTCL has higher volatility (18.49%) compared to AIPI (2.86%). In terms of maximum drawdown, BTCL dropped -80.75% vs AIPI's -25.25%.

Which ETF is better, BTCL or AIPI?

On 1-year performance, AIPI leads with 29.84% vs -74.96% for BTCL. On fees, AIPI is cheaper at 0.65% per year. On volatility, AIPI has been the lower-risk option at 2.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BTCL or AIPI?

Over the 1-year period, AIPI has performed better with a 29.84% return vs -74.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BTCL or AIPI?

AIPI is cheaper with a 0.65% expense ratio, compared with 0.95% for BTCL.

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

AIPI has the higher dividend yield at 34.72%, compared with 3.83% for BTCL.

What is the main difference between BTCL and AIPI?

BTCL is categorized as Leveraged Cryptocurrency, while AIPI is Derivative Income. Their fees differ too: 0.95% for BTCL and 0.65% for AIPI.

Which has better risk-adjusted returns?

AIPI currently has the higher Sharpe Ratio (1.88 vs -0.86), 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.