BTCL vs. OILD

Last updated Jul 11, 2026

BTCL (T-REX 2X Long Bitcoin Daily Target ETF) and OILD (MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs) are both exchange-traded funds - BTCL is a Leveraged Cryptocurrency fund actively managed by REX, while OILD is a Inverse Equities fund tracking the Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%). BTCL is actively managed, while OILD is passively managed. Over the past year, BTCL returned -80.17% vs -59.78% for OILD. At a correlation of -0.11, they often move in opposite directions. Both charge a 0.95% expense ratio.

Performance

BTCL vs. OILD - 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 MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with BTCL having a -56.85% return and OILD slightly higher at -54.54%.

BTCL

• 1D: 1.63%
• 1M: -1.34%
• 6M: -59.23%
• YTD: -56.85%
• 1Y: -80.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

OILD

• 1D: -1.43%
• 1M: 10.54%
• 6M: -48.60%
• YTD: -54.54%
• 1Y: -59.78%
• 3Y*: -41.86%
• 5Y*: —
• 10Y*: —

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

BTCL vs. OILD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BTCL T-REX 2X Long Bitcoin Daily Target ETF	-56.85%	-39.52%	101.29%
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs	-54.54%	-41.67%	7.12%

Correlation

The correlation between BTCL and OILD is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.06
Correlation (All Time) Calculated using the full available price history since Jul 10, 2024	-0.11

Return for Risk

BTCL vs. OILD — Risk / Return Rank

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

BTCL

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

OILD

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

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. OILD - 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 MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD). 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	OILD	Difference
Sharpe ratio: Return per unit of total volatility	-0.89	-0.97	+0.08
Sortino ratio: Return per unit of downside risk	-1.72	-1.65	-0.07
Omega ratio: Gain probability vs. loss probability	0.81	0.83	-0.02
Calmar ratio: Return relative to maximum drawdown	-0.94	-0.82	-0.12
Martin ratio: Return relative to average drawdown	-1.39	-1.31	-0.08

BTCL vs. OILD - Sharpe Ratio Comparison

The current BTCL Sharpe Ratio is -0.89, which is comparable to the OILD Sharpe Ratio of -0.97. The chart below compares the historical Sharpe Ratios of BTCL and OILD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BTCL vs. OILD - Drawdown Comparison

The maximum BTCL drawdown since its inception was -84.01%, smaller than the maximum OILD drawdown of -98.90%. Use the drawdown chart below to compare losses from any high point for BTCL and OILD.

Drawdown Indicators

	BTCL	OILD	Difference
Max Drawdown Largest peak-to-trough decline	-84.01%	-98.90%	+14.89%
Max Drawdown (1Y) Largest decline over 1 year	-84.01%	-74.53%	-9.48%
Max Drawdown (3Y) Largest decline over 3 years	—	-86.29%	—
Current Drawdown Current decline from peak	-81.24%	-98.52%	+17.28%
Average Drawdown Average peak-to-trough decline	-36.47%	-88.77%	+52.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	56.65%	46.48%	+10.17%

Volatility

BTCL vs. OILD - Volatility Comparison

T-REX 2X Long Bitcoin Daily Target ETF (BTCL) and MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) have volatilities of 22.10% and 21.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTCL	OILD	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.10%	21.60%	+0.50%
Volatility (6M) Calculated over the trailing 6-month period	70.22%	49.90%	+20.32%
Volatility (1Y) Calculated over the trailing 1-year period	88.74%	62.68%	+26.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	97.19%	79.24%	+17.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	97.19%	79.24%	+17.95%

BTCL vs. OILD - Expense Ratio Comparison

Both BTCL and OILD have an expense ratio of 0.95%.

Dividends

BTCL vs. OILD - Dividend Comparison

BTCL's dividend yield for the trailing twelve months is around 3.93%, while OILD has not paid dividends to shareholders.

Position	TTM	2025	2024
BTCL T-REX 2X Long Bitcoin Daily Target ETF	3.93%	1.70%	4.35%
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BTCL and OILD in my portfolio?

BTCL and OILD have a correlation of -0.06, 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 OILD?

BTCL has higher volatility (22.10%) compared to OILD (21.60%). In terms of maximum drawdown, BTCL dropped -84.01% vs OILD's -98.90%.

Which ETF is better, BTCL or OILD?

On 1-year performance, OILD leads with -59.78% vs -80.17% for BTCL. Both ETFs have the same 0.95% expense ratio. On volatility, OILD has been the lower-risk option at 21.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BTCL or OILD?

Over the 1-year period, OILD has performed better with a -59.78% return vs -80.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BTCL or OILD?

BTCL and OILD have the same expense ratio: 0.95% per year.

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

BTCL has the higher dividend yield at 3.93%, compared with 0.00% for OILD.

What is the main difference between BTCL and OILD?

BTCL is categorized as Leveraged Cryptocurrency, while OILD is Inverse Equities.

Which has better risk-adjusted returns?

BTCL currently has the higher Sharpe Ratio (-0.89 vs -0.97), 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.