BTCZ vs. SNDU

Last updated Aug 6, 2026

BTCZ (T-Rex 2X Inverse Bitcoin Daily Target ETF) and SNDU (T-REX 2X Long SNDK Daily Target ETF) are both exchange-traded funds - BTCZ is a Cryptocurrency fund actively managed by T-Rex, while SNDU is a Leveraged Equities fund tracking the SanDisk Corporation (SNDK). BTCZ is actively managed, while SNDU is passively managed. Their -0.28 correlation means they have often moved in opposite directions in the past. BTCZ charges 0.95%/yr vs 1.50%/yr for SNDU.

Performance

BTCZ vs. SNDU - 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 T-REX 2X Long SNDK Daily Target ETF (SNDU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BTCZ

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

SNDU

• 1D: -10.83%
• 1M: -52.72%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
BTCZ T-Rex 2X Inverse Bitcoin Daily Target ETF	$81.92M	$102.22M	$120.66M
SNDU T-REX 2X Long SNDK Daily Target ETF	$313.88M	$276.46M	$174.66M

BTCZ vs. SNDU - Yearly Performance Comparison

	2026 (YTD)
BTCZ T-Rex 2X Inverse Bitcoin Daily Target ETF	3.50%
SNDU T-REX 2X Long SNDK Daily Target ETF	123.75%

Correlation

The correlation between BTCZ and SNDU is -0.28, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 12, 2026	-0.29

Return for Risk

BTCZ vs. SNDU — 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

SNDU

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

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. SNDU - 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 T-REX 2X Long SNDK Daily Target ETF (SNDU). 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	SNDU	Difference
Sharpe ratio: Return per unit of total volatility	0.87	—	—
Sortino ratio: Return per unit of downside risk	1.63	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	1.58	—	—
Martin ratio: Return relative to average drawdown	3.41	—	—

Drawdowns

BTCZ vs. SNDU - Drawdown Comparison

The maximum BTCZ drawdown since its inception was -91.06%, which is greater than SNDU's maximum drawdown of -85.50%. Use the drawdown chart below to compare losses from any high point for BTCZ and SNDU.

Drawdown Indicators

	BTCZ	SNDU	Difference
Max Drawdown Largest peak-to-trough decline	-91.06%	-85.50%	-5.56%
Max Drawdown (1Y) Largest decline over 1 year	-49.02%	—	—
Current Drawdown Current decline from peak	-79.62%	-75.92%	-3.70%
Average Drawdown Average peak-to-trough decline	-73.94%	-23.78%	-50.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.68%	—	—

Volatility

Volatility by Period

	BTCZ	SNDU	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.44%	—	—
Volatility (6M) Calculated over the trailing 6-month period	66.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	88.92%	249.06%	-160.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	95.41%	249.06%	-153.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	95.41%	249.06%	-153.65%

BTCZ vs. SNDU - Expense Ratio Comparison

BTCZ has a 0.95% expense ratio, which is lower than SNDU's 1.50% expense ratio.

Dividends

BTCZ vs. SNDU - Dividend Comparison

BTCZ's dividend yield for the trailing twelve months is around 0.01%, while SNDU has not paid dividends to shareholders.

Position	TTM	2025	2024
BTCZ T-Rex 2X Inverse Bitcoin Daily Target ETF	0.01%	0.02%	0.08%
SNDU T-REX 2X Long SNDK Daily Target ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BTCZ and SNDU in my portfolio?

BTCZ and SNDU have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BTCZ or SNDU?

On fees, BTCZ is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BTCZ or SNDU?

BTCZ is cheaper with a 0.95% expense ratio, compared with 1.50% for SNDU.

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

BTCZ has the higher dividend yield at 0.01%, compared with 0.00% for SNDU.

What is the main difference between BTCZ and SNDU?

BTCZ is categorized as Cryptocurrency, while SNDU is Leveraged Equities. Their fees differ too: 0.95% for BTCZ and 1.50% for SNDU.