BTCU vs. ETU

Last updated Jun 30, 2026

BTCU (Direxion Daily Bitcoin Bull 2X ETF) and ETU (T-Rex 2X Long Ether Daily Target ETF) are both Leveraged Cryptocurrency funds. Both are actively managed. Their correlation of 0.88 suggests significant overlap in exposure.

Performance

BTCU vs. ETU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Bitcoin Bull 2X ETF (BTCU) and T-Rex 2X Long Ether Daily Target ETF (ETU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BTCU

• 1D: 2.26%
• 1M: -34.52%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ETU

• 1D: 5.96%
• 1M: -38.70%
• YTD: -77.82%
• 6M: -77.26%
• 1Y: -76.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BTCU vs. ETU - Yearly Performance Comparison

	2026 (YTD)
BTCU Direxion Daily Bitcoin Bull 2X ETF	-37.06%
ETU T-Rex 2X Long Ether Daily Target ETF	-42.24%

Correlation

The correlation between BTCU and ETU is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	0.88

Return for Risk

BTCU vs. ETU — Risk / Return Rank

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

BTCU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

ETU

ETU Risk / Return Rank: 4
ETU Sharpe Ratio Rank: 5
ETU Sortino Ratio Rank: 6
ETU Omega Ratio Rank: 5
ETU Calmar Ratio Rank: 2
ETU Martin Ratio Rank: 4

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.

BTCU vs. ETU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Bitcoin Bull 2X ETF (BTCU) and T-Rex 2X Long Ether Daily Target ETF (ETU). 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.

	BTCU	ETU	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.55	—
Sortino ratio: Return per unit of downside risk	—	-0.50	—
Omega ratio: Gain probability vs. loss probability	—	0.94	—
Calmar ratio: Return relative to maximum drawdown	—	-0.81	—
Martin ratio: Return relative to average drawdown	—	-1.15	—

Drawdowns

BTCU vs. ETU - Drawdown Comparison

The maximum BTCU drawdown since its inception was -39.60%, smaller than the maximum ETU drawdown of -95.01%. Use the drawdown chart below to compare losses from any high point for BTCU and ETU.

Drawdown Indicators

	BTCU	ETU	Difference
Max Drawdown Largest peak-to-trough decline	-39.60%	-95.01%	+55.41%
Max Drawdown (1Y) Largest decline over 1 year	—	-93.91%	—
Current Drawdown Current decline from peak	-37.19%	-94.60%	+57.41%
Average Drawdown Average peak-to-trough decline	-26.22%	-63.54%	+37.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	66.31%	—

Volatility

Volatility by Period

	BTCU	ETU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	42.21%	—
Volatility (6M) Calculated over the trailing 6-month period	—	94.52%	—
Volatility (1Y) Calculated over the trailing 1-year period	89.92%	138.09%	-48.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.92%	145.85%	-55.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.92%	145.85%	-55.93%

Dividends

BTCU vs. ETU - Dividend Comparison

BTCU's dividend yield for the trailing twelve months is around 0.28%, more than ETU's 0.01% yield.

Position	TTM	2025	2024
BTCU Direxion Daily Bitcoin Bull 2X ETF	0.28%	0.00%	0.00%
ETU T-Rex 2X Long Ether Daily Target ETF	0.01%	0.00%	0.05%

Frequently Asked Questions

Can I hold both BTCU and ETU in my portfolio?

BTCU and ETU have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, BTCU or ETU?

BTCU has the higher dividend yield at 0.28%, compared with 0.01% for ETU.

What is the main difference between BTCU and ETU?

They also come from different issuers: Direxion and REX Shares.