BTCZ vs. BCCC

Last updated Aug 6, 2026

BTCZ (T-Rex 2X Inverse Bitcoin Daily Target ETF) and BCCC (Global X Bitcoin Covered Call ETF) are both Cryptocurrency funds. Both are actively managed. Over the past year, BTCZ returned 77.07% vs -32.74% for BCCC. Their -0.98 correlation means they have often moved in opposite directions in the past. BTCZ charges 0.95%/yr vs 0.75%/yr for BCCC.

Performance

BTCZ vs. BCCC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ) and Global X Bitcoin Covered Call ETF (BCCC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BTCZ achieves a 26.37% return, which is significantly higher than BCCC's -20.07% return.

BTCZ

• 1D: -2.56%
• 1M: -5.17%
• 6M: -5.67%
• YTD: 26.37%
• 1Y: 77.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -52.85%

BCCC

• 1D: 0.59%
• 1M: 3.39%
• 6M: -5.62%
• YTD: -20.07%
• 1Y: -32.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -22.42%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BCCC Global X Bitcoin Covered Call ETF	$121.51K	$102.42K	$162.10K
BTCZ T-Rex 2X Inverse Bitcoin Daily Target ETF	$81.92M	$102.22M	$120.66M

BTCZ vs. BCCC - Yearly Performance Comparison

	2026 (YTD)	2025
BTCZ T-Rex 2X Inverse Bitcoin Daily Target ETF	26.37%	17.45%
BCCC Global X Bitcoin Covered Call ETF	-20.07%	-7.02%

Correlation

The correlation between BTCZ and BCCC is -0.98, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.98
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025	-0.98

The correlation between BTCZ and BCCC has been stable across timeframes, ranging from -0.98 to -0.98 - a consistent structural relationship.

Return for Risk

BTCZ vs. BCCC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BTCZ

BTCZ Risk / Return Rank: 35
BTCZ Sharpe Ratio Rank: 31
BTCZ Sortino Ratio Rank: 38
BTCZ Omega Ratio Rank: 36
BTCZ Calmar Ratio Rank: 39
BTCZ Martin Ratio Rank: 32

BCCC

BCCC Risk / Return Rank: 2
BCCC Sharpe Ratio Rank: 2
BCCC Sortino Ratio Rank: 3
BCCC Omega Ratio Rank: 2
BCCC Calmar Ratio Rank: 3
BCCC Martin Ratio Rank: 2

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BTCZ vs. BCCC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ) and Global X Bitcoin Covered Call ETF (BCCC). 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.

	BTCZ	BCCC	Difference
Sharpe ratio: Return per unit of total volatility	0.87	-0.92	+1.79
Sortino ratio: Return per unit of downside risk	1.63	-1.21	+2.83
Omega ratio: Gain probability vs. loss probability	1.19	0.85	+0.34
Calmar ratio: Return relative to maximum drawdown	1.58	-0.79	+2.37
Martin ratio: Return relative to average drawdown	3.41	-1.24	+4.66

BTCZ vs. BCCC - Sharpe Ratio Comparison

The current BTCZ Sharpe Ratio is 0.87, which is higher than the BCCC Sharpe Ratio of -0.92. The chart below compares the historical Sharpe Ratios of BTCZ and BCCC, 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

BTCZ vs. BCCC - Drawdown Comparison

The maximum BTCZ drawdown since its inception was -91.06%, which is greater than BCCC's maximum drawdown of -41.79%. Use the drawdown chart below to compare losses from any high point for BTCZ and BCCC.

Drawdown Indicators

	BTCZ	BCCC	Difference
Max Drawdown Largest peak-to-trough decline	-91.06%	-41.79%	-49.27%
Max Drawdown (1Y) Largest decline over 1 year	-49.02%	-41.79%	-7.23%
Current Drawdown Current decline from peak	-79.62%	-36.12%	-43.50%
Average Drawdown Average peak-to-trough decline	-73.94%	-19.92%	-54.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.68%	26.36%	-3.68%

Volatility

BTCZ vs. BCCC - Volatility Comparison

T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ) has a higher volatility of 16.44% compared to Global X Bitcoin Covered Call ETF (BCCC) at 5.80%. This indicates that BTCZ's price experiences larger fluctuations and is considered to be riskier than BCCC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTCZ	BCCC	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.44%	5.80%	+10.64%
Volatility (6M) Calculated over the trailing 6-month period	66.00%	27.64%	+38.36%
Volatility (1Y) Calculated over the trailing 1-year period	88.92%	35.69%	+53.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	95.41%	34.08%	+61.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	95.41%	34.08%	+61.33%

BTCZ vs. BCCC - Expense Ratio Comparison

BTCZ has a 0.95% expense ratio, which is higher than BCCC's 0.75% expense ratio.

Dividends

BTCZ vs. BCCC - Dividend Comparison

BTCZ's dividend yield for the trailing twelve months is around 0.01%, less than BCCC's 57.41% yield.

Position	TTM	2025	2024
BCCC Global X Bitcoin Covered Call ETF	57.41%	29.55%	0.00%
BTCZ T-Rex 2X Inverse Bitcoin Daily Target ETF	0.01%	0.02%	0.08%

Frequently Asked Questions

Can I hold both BTCZ and BCCC in my portfolio?

BTCZ and BCCC have a correlation of -0.98, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BTCZ or BCCC?

BTCZ has higher volatility (16.44%) compared to BCCC (5.80%). In terms of maximum drawdown, BTCZ dropped -91.06% vs BCCC's -41.79%.

Which ETF is better, BTCZ or BCCC?

On 1-year performance, BTCZ leads with 77.07% vs -32.74% for BCCC. On fees, BCCC is cheaper at 0.75% per year. On volatility, BCCC has been the lower-risk option at 5.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BTCZ or BCCC?

Over the 1-year period, BTCZ has performed better with a 77.07% return vs -32.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BTCZ or BCCC?

BCCC is cheaper with a 0.75% expense ratio, compared with 0.95% for BTCZ.

Which ETF pays a higher dividend yield, BTCZ or BCCC?

BCCC has the higher dividend yield at 57.41%, compared with 0.01% for BTCZ.

What is the main difference between BTCZ and BCCC?

They also come from different issuers: T-Rex and Global X. Their fees differ too: 0.95% for BTCZ and 0.75% for BCCC.

Which has better risk-adjusted returns?

BTCZ currently has the higher Sharpe Ratio (0.87 vs -0.92), 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.