BTCU vs. EVMU

Last updated Jul 17, 2026

BTCU (Direxion Daily Bitcoin Bull 2X ETF) and EVMU (Direxion Daily Ether Bull 2X ETF) are both Leveraged Cryptocurrency funds from Direxion. Both are actively managed. Their correlation of 0.93 suggests significant overlap in exposure.

Performance

BTCU vs. EVMU - Performance Comparison

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

Returns By Period

BTCU

• 1D: -2.32%
• 1M: -6.32%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EVMU

• 1D: -5.45%
• 1M: 5.46%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BTCU vs. EVMU - Yearly Performance Comparison

	2026 (YTD)
BTCU Direxion Daily Bitcoin Bull 2X ETF	-29.64%
EVMU Direxion Daily Ether Bull 2X ETF	-24.65%

Correlation

The correlation between BTCU and EVMU is 0.93, 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	0.93

Return for Risk

BTCU vs. EVMU - Risk-Adjusted Trends Comparison

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

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

Drawdowns

BTCU vs. EVMU - Drawdown Comparison

The maximum BTCU drawdown since its inception was -40.67%, smaller than the maximum EVMU drawdown of -46.73%. Use the drawdown chart below to compare losses from any high point for BTCU and EVMU.

Drawdown Indicators

	BTCU	EVMU	Difference
Max Drawdown Largest peak-to-trough decline	-40.67%	-46.73%	+6.06%
Current Drawdown Current decline from peak	-29.78%	-24.65%	-5.13%
Average Drawdown Average peak-to-trough decline	-28.40%	-30.96%	+2.56%

Volatility

Volatility by Period

	BTCU	EVMU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	86.91%	126.81%	-39.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	86.91%	126.81%	-39.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	86.91%	126.81%	-39.90%

Dividends

BTCU vs. EVMU - Dividend Comparison

BTCU's dividend yield for the trailing twelve months is around 0.25%, more than EVMU's 0.24% yield.

Position	TTM
BTCU Direxion Daily Bitcoin Bull 2X ETF	0.25%
EVMU Direxion Daily Ether Bull 2X ETF	0.24%

Frequently Asked Questions

Can I hold both BTCU and EVMU in my portfolio?

With a correlation of 0.93, BTCU and EVMU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

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

BTCU has the higher dividend yield at 0.25%, compared with 0.24% for EVMU.