BTCZ vs. BTC
BTCZ (T-Rex 2X Inverse Bitcoin Daily Target ETF) and BTC (Grayscale Bitcoin Mini Trust ETF) are both Cryptocurrency funds. Both are actively managed. Over the past year, BTCZ returned 59.01% vs -39.75% for BTC. At a correlation of -1.00, they often move in opposite directions. BTCZ charges 0.95%/yr vs 0.15%/yr for BTC.
Performance
BTCZ vs. BTC - Performance Comparison
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Returns By Period
In the year-to-date period, BTCZ achieves a 40.86% return, which is significantly higher than BTC's -28.84% return.
BTCZ
- 1D
- 6.37%
- 1M
- 40.52%
- YTD
- 40.86%
- 6M
- 41.38%
- 1Y
- 59.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC
- 1D
- -3.23%
- 1M
- -17.80%
- YTD
- -28.84%
- 6M
- -28.95%
- 1Y
- -39.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTCZ vs. BTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTCZ T-Rex 2X Inverse Bitcoin Daily Target ETF | 40.86% | -29.11% | -67.38% |
BTC Grayscale Bitcoin Mini Trust ETF | -28.84% | -7.50% | 41.93% |
Correlation
The correlation between BTCZ and BTC is -1.00, 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 | -1.00 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2024 | -1.00 |
The correlation between BTCZ and BTC has been stable across timeframes, ranging from -1.00 to -1.00 - a consistent structural relationship.
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Return for Risk
BTCZ vs. BTC — Risk / Return Rank
BTCZ
BTC
BTCZ vs. BTC - 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 Grayscale Bitcoin Mini Trust ETF (BTC). 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 | BTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.57 | ||
| Sortino ratioReturn per unit of downside risk | +2.69 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.86 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | -0.77 | +1.98 |
| Martin ratioReturn relative to average drawdown | 2.49 | -1.30 | +3.79 |
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Drawdowns
BTCZ vs. BTC - Drawdown Comparison
The maximum BTCZ drawdown since its inception was -91.06%, which is greater than BTC's maximum drawdown of -51.97%. Use the drawdown chart below to compare losses from any high point for BTCZ and BTC.
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Drawdown Indicators
| BTCZ | BTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.06% | -51.97% | -39.09% |
Max Drawdown (1Y)Largest decline over 1 year | -49.02% | -51.97% | +2.95% |
Current DrawdownCurrent decline from peak | -77.28% | -50.40% | -26.88% |
Average DrawdownAverage peak-to-trough decline | -73.68% | -17.66% | -56.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.87% | 30.52% | -5.65% |
Volatility
BTCZ vs. BTC - Volatility Comparison
T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ) has a higher volatility of 26.49% compared to Grayscale Bitcoin Mini Trust ETF (BTC) at 12.93%. This indicates that BTCZ's price experiences larger fluctuations and is considered to be riskier than BTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTCZ | BTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.49% | 12.93% | +13.56% |
Volatility (6M)Calculated over the trailing 6-month period | 68.94% | 34.58% | +34.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.72% | 44.23% | +44.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 97.08% | 48.26% | +48.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.08% | 48.26% | +48.82% |
BTCZ vs. BTC - Expense Ratio Comparison
BTCZ has a 0.95% expense ratio, which is higher than BTC's 0.15% expense ratio.
Dividends
BTCZ vs. BTC - Dividend Comparison
BTCZ's dividend yield for the trailing twelve months is around 0.01%, while BTC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BTC Grayscale Bitcoin Mini Trust ETF | 0.00% | 0.00% | 0.00% |
BTCZ T-Rex 2X Inverse Bitcoin Daily Target ETF | 0.01% | 0.02% | 0.08% |
Frequently Asked Questions
BTCZ and BTC have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTCZ has higher volatility (26.49%) compared to BTC (12.93%). In terms of maximum drawdown, BTCZ dropped -91.06% vs BTC's -51.97%.
On 1-year performance, BTCZ leads with 59.01% vs -39.75% for BTC. On fees, BTC is cheaper at 0.15% per year. On volatility, BTC has been the lower-risk option at 12.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BTCZ has performed better with a 59.01% return vs -39.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BTC is cheaper with a 0.15% expense ratio, compared with 0.95% for BTCZ.
BTCZ has the higher dividend yield at 0.01%, compared with 0.00% for BTC.
They also come from different issuers: T-Rex and Grayscale. Their fees differ too: 0.95% for BTCZ and 0.15% for BTC.
BTCZ currently has the higher Sharpe Ratio (0.67 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.
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