BTCL vs. USFR
BTCL (T-REX 2X Long Bitcoin Daily Target ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - BTCL is a Leveraged Cryptocurrency fund actively managed by REX, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. BTCL is actively managed, while USFR is passively managed. Over the past year, BTCL returned -74.85% vs 3.97% for USFR. At a 0.00 correlation, their price movements are largely independent. BTCL charges 0.95%/yr vs 0.15%/yr for USFR.
Performance
BTCL vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, BTCL achieves a -57.55% return, which is significantly lower than USFR's 1.78% return.
BTCL
- 1D
- -4.51%
- 1M
- -33.19%
- YTD
- -57.55%
- 6M
- -58.31%
- 1Y
- -74.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USFR
- 1D
- 0.04%
- 1M
- 0.31%
- YTD
- 1.78%
- 6M
- 1.92%
- 1Y
- 3.97%
- 3Y*
- 4.77%
- 5Y*
- 3.70%
- 10Y*
- 2.42%
BTCL vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTCL T-REX 2X Long Bitcoin Daily Target ETF | -57.55% | -39.52% | 101.29% |
USFR WisdomTree Floating Rate Treasury Fund | 1.78% | 4.23% | 2.38% |
Correlation
The correlation between BTCL and USFR is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2024 | 0.00 |
The correlation between BTCL and USFR shifts across timeframes, from -0.10 (1 year) to 0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BTCL vs. USFR — Risk / Return Rank
BTCL
USFR
BTCL vs. USFR - 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 WisdomTree Floating Rate Treasury Fund (USFR). 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 | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -15.62 | ||
| Sortino ratioReturn per unit of downside risk | -51.91 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 13.37 | -12.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 202.37 | -203.28 |
| Martin ratioReturn relative to average drawdown | -1.41 | 783.79 | -785.20 |
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Drawdowns
BTCL vs. USFR - Drawdown Comparison
The maximum BTCL drawdown since its inception was -82.70%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for BTCL and USFR.
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Drawdown Indicators
| BTCL | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.70% | -1.36% | -81.34% |
Max Drawdown (1Y)Largest decline over 1 year | -82.70% | -0.02% | -82.68% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.06% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.18% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.80% | — |
Current DrawdownCurrent decline from peak | -81.54% | 0.00% | -81.54% |
Average DrawdownAverage peak-to-trough decline | -35.15% | -0.16% | -34.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.22% | 0.01% | +53.21% |
Volatility
BTCL vs. USFR - Volatility Comparison
T-REX 2X Long Bitcoin Daily Target ETF (BTCL) has a higher volatility of 25.23% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.08%. This indicates that BTCL's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTCL | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.23% | 0.08% | +25.15% |
Volatility (6M)Calculated over the trailing 6-month period | 69.71% | 0.19% | +69.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.05% | 0.27% | +87.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 97.77% | 0.40% | +97.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.77% | 0.78% | +96.99% |
BTCL vs. USFR - Expense Ratio Comparison
BTCL has a 0.95% expense ratio, which is higher than USFR's 0.15% expense ratio.
Dividends
BTCL vs. USFR - Dividend Comparison
BTCL's dividend yield for the trailing twelve months is around 3.99%, more than USFR's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BTCL T-REX 2X Long Bitcoin Daily Target ETF | 3.99% | 1.70% | 4.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USFR WisdomTree Floating Rate Treasury Fund | 3.91% | 4.15% | 5.17% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% |
Frequently Asked Questions
BTCL and USFR have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTCL has higher volatility (25.23%) compared to USFR (0.08%). In terms of maximum drawdown, BTCL dropped -82.70% vs USFR's -1.36%.
On 1-year performance, USFR leads with 3.97% vs -74.85% for BTCL. On fees, USFR is cheaper at 0.15% per year. On volatility, USFR has been the lower-risk option at 0.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USFR has performed better with a 3.97% return vs -74.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USFR is cheaper with a 0.15% expense ratio, compared with 0.95% for BTCL.
BTCL has the higher dividend yield at 3.99%, compared with 3.91% for USFR.
BTCL is categorized as Leveraged Cryptocurrency, while USFR is Government Bonds. They also come from different issuers: REX and WisdomTree. Their fees differ too: 0.95% for BTCL and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (14.77 vs -0.85), 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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