BTCL vs. WTID

Last updated Jul 11, 2026

BTCL (T-REX 2X Long Bitcoin Daily Target ETF) and WTID (MicroSectors Energy -3X Inverse Leveraged ETN) are both exchange-traded funds - BTCL is a Leveraged Cryptocurrency fund actively managed by REX, while WTID is a Inverse Equities fund tracking the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%). BTCL is actively managed, while WTID is passively managed. Over the past year, BTCL returned -80.17% vs -60.09% for WTID. At a correlation of -0.10, they often move in opposite directions. Both charge a 0.95% expense ratio.

Performance

BTCL vs. WTID - 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 MicroSectors Energy -3X Inverse Leveraged ETN (WTID). 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 WTID slightly higher at -56.45%.

BTCL

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

WTID

• 1D: -0.79%
• 1M: 6.77%
• 6M: -51.27%
• YTD: -56.45%
• 1Y: -60.09%
• 3Y*: -43.58%
• 5Y*: —
• 10Y*: —

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

BTCL vs. WTID - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BTCL T-REX 2X Long Bitcoin Daily Target ETF	-56.85%	-39.52%	101.29%
WTID MicroSectors Energy -3X Inverse Leveraged ETN	-56.45%	-44.50%	19.33%

Correlation

The correlation between BTCL and WTID 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	-0.10

Return for Risk

BTCL vs. WTID — 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

WTID

WTID Risk / Return Rank: 2
WTID Sharpe Ratio Rank: 2
WTID Sortino Ratio Rank: 2
WTID Omega Ratio Rank: 2
WTID Calmar Ratio Rank: 2
WTID 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. WTID - 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 MicroSectors Energy -3X Inverse Leveraged ETN (WTID). 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	WTID	Difference
Sharpe ratio: Return per unit of total volatility	-0.89	-0.90	+0.01
Sortino ratio: Return per unit of downside risk	-1.72	-1.46	-0.26
Omega ratio: Gain probability vs. loss probability	0.81	0.85	-0.03
Calmar ratio: Return relative to maximum drawdown	-0.94	-0.81	-0.13
Martin ratio: Return relative to average drawdown	-1.39	-1.31	-0.08

BTCL vs. WTID - Sharpe Ratio Comparison

The current BTCL Sharpe Ratio is -0.89, which is comparable to the WTID Sharpe Ratio of -0.90. The chart below compares the historical Sharpe Ratios of BTCL and WTID, 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. WTID - Drawdown Comparison

The maximum BTCL drawdown since its inception was -84.01%, smaller than the maximum WTID drawdown of -90.35%. Use the drawdown chart below to compare losses from any high point for BTCL and WTID.

Drawdown Indicators

	BTCL	WTID	Difference
Max Drawdown Largest peak-to-trough decline	-84.01%	-90.35%	+6.34%
Max Drawdown (1Y) Largest decline over 1 year	-84.01%	-74.87%	-9.14%
Max Drawdown (3Y) Largest decline over 3 years	—	-87.36%	—
Current Drawdown Current decline from peak	-81.24%	-87.17%	+5.93%
Average Drawdown Average peak-to-trough decline	-36.47%	-55.33%	+18.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	56.65%	46.07%	+10.58%

Volatility

BTCL vs. WTID - Volatility Comparison

T-REX 2X Long Bitcoin Daily Target ETF (BTCL) and MicroSectors Energy -3X Inverse Leveraged ETN (WTID) have volatilities of 22.10% and 21.74%, 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	WTID	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.10%	21.74%	+0.36%
Volatility (6M) Calculated over the trailing 6-month period	70.22%	54.92%	+15.30%
Volatility (1Y) Calculated over the trailing 1-year period	88.74%	67.54%	+21.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	97.19%	70.41%	+26.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	97.19%	70.41%	+26.78%

BTCL vs. WTID - Expense Ratio Comparison

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

Dividends

BTCL vs. WTID - Dividend Comparison

BTCL's dividend yield for the trailing twelve months is around 3.93%, while WTID 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%
WTID MicroSectors Energy -3X Inverse Leveraged ETN	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BTCL and WTID in my portfolio?

BTCL and WTID 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 WTID?

BTCL has higher volatility (22.10%) compared to WTID (21.74%). In terms of maximum drawdown, BTCL dropped -84.01% vs WTID's -90.35%.

Which ETF is better, BTCL or WTID?

On 1-year performance, WTID leads with -60.09% vs -80.17% for BTCL. Both ETFs have the same 0.95% expense ratio. On volatility, WTID has been the lower-risk option at 21.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BTCL or WTID?

Over the 1-year period, WTID has performed better with a -60.09% 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 WTID?

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

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

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

What is the main difference between BTCL and WTID?

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

Which has better risk-adjusted returns?

BTCL currently has the higher Sharpe Ratio (-0.89 vs -0.90), 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.