BTCL vs. BTC-USD
BTCL (T-REX 2X Long Bitcoin Daily Target ETF) is Leveraged Cryptocurrency fund actively managed by REX, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past year, BTCL returned -81.18% vs -47.54% for BTC-USD. A 0.70 correlation means they provide meaningful diversification when combined.
Performance
BTCL vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, BTCL achieves a -59.07% return, which is significantly lower than BTC-USD's -28.58% return.
BTCL
- 1D
- -5.13%
- 1M
- -6.40%
- 6M
- -62.35%
- YTD
- -59.07%
- 1Y
- -81.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- -1.96%
- 1M
- -3.01%
- 6M
- -31.47%
- YTD
- -28.58%
- 1Y
- -47.54%
- 3Y*
- 27.25%
- 5Y*
- 13.75%
- 10Y*
- 57.45%
BTCL vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTCL T-REX 2X Long Bitcoin Daily Target ETF | -59.07% | -39.52% | 101.29% |
BTC-USD Bitcoin | -28.58% | -6.27% | 60.82% |
Correlation
The correlation between BTCL and BTC-USD is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2024 | 0.70 |
The correlation between BTCL and BTC-USD has been stable across timeframes, ranging from 0.70 to 0.72 - a consistent structural relationship.
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Return for Risk
BTCL vs. BTC-USD — Risk / Return Rank
BTCL
BTC-USD
BTCL vs. BTC-USD - 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 Bitcoin (BTC-USD). 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.
| BTCL | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 0.83 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | -0.90 | -0.07 |
| Martin ratioReturn relative to average drawdown | -1.43 | -1.46 | +0.03 |
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Drawdowns
BTCL vs. BTC-USD - Drawdown Comparison
The maximum BTCL drawdown since its inception was -84.01%, roughly equal to the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for BTCL and BTC-USD.
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Drawdown Indicators
| BTCL | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.01% | -85.30% | +1.29% |
Max Drawdown (1Y)Largest decline over 1 year | -84.01% | -53.08% | -30.93% |
Max Drawdown (3Y)Largest decline over 3 years | — | -53.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -82.20% | -49.89% | -32.31% |
Average DrawdownAverage peak-to-trough decline | -36.56% | -42.55% | +5.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 56.89% | 28.99% | +27.90% |
Volatility
BTCL vs. BTC-USD - Volatility Comparison
T-REX 2X Long Bitcoin Daily Target ETF (BTCL) has a higher volatility of 22.76% compared to Bitcoin (BTC-USD) at 8.86%. This indicates that BTCL's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTCL | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.76% | 8.86% | +13.90% |
Volatility (6M)Calculated over the trailing 6-month period | 70.37% | 34.96% | +35.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.56% | 35.56% | +53.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 97.16% | 43.94% | +53.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.16% | 56.32% | +40.84% |
Frequently Asked Questions
BTCL and BTC-USD have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTCL has higher volatility (22.76%) compared to BTC-USD (8.86%). In terms of maximum drawdown, BTCL dropped -84.01% vs BTC-USD's -85.30%.
BTCL currently has the higher Sharpe Ratio (-0.92 vs -1.11), 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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