BTF vs. BTRN
BTF (Valkyrie Bitcoin and Ether Strategy ETF) and BTRN (Global X Bitcoin Trend Strategy ETF) are both Cryptocurrency funds. BTF is actively managed, while BTRN is passively managed. Over the past year, BTF returned -36.03% vs -15.56% for BTRN. A 0.71 correlation means they provide meaningful diversification when combined. BTF charges 1.24%/yr vs 0.95%/yr for BTRN.
Performance
BTF vs. BTRN - Performance Comparison
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Returns By Period
In the year-to-date period, BTF achieves a -37.72% return, which is significantly lower than BTRN's -9.79% return.
BTF
- 1D
- -3.72%
- 1M
- -18.83%
- YTD
- -37.72%
- 6M
- -37.84%
- 1Y
- -36.03%
- 3Y*
- 5.96%
- 5Y*
- —
- 10Y*
- —
BTRN
- 1D
- -0.75%
- 1M
- -7.85%
- YTD
- -9.79%
- 6M
- -9.74%
- 1Y
- -15.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTF vs. BTRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTF Valkyrie Bitcoin and Ether Strategy ETF | -37.72% | -12.44% | 12.07% |
BTRN Global X Bitcoin Trend Strategy ETF | -9.79% | 4.89% | 3.25% |
Correlation
The correlation between BTF and BTRN is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2024 | 0.71 |
The correlation between BTF and BTRN has been stable across timeframes, ranging from 0.65 to 0.71 - a consistent structural relationship.
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Return for Risk
BTF vs. BTRN — Risk / Return Rank
BTF
BTRN
BTF vs. BTRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Valkyrie Bitcoin and Ether Strategy ETF (BTF) and Global X Bitcoin Trend Strategy ETF (BTRN). 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.
| BTF | BTRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.85 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | -0.61 | +0.01 |
| Martin ratioReturn relative to average drawdown | -1.01 | -0.99 | -0.02 |
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Drawdowns
BTF vs. BTRN - Drawdown Comparison
The maximum BTF drawdown since its inception was -77.50%, which is greater than BTRN's maximum drawdown of -36.97%. Use the drawdown chart below to compare losses from any high point for BTF and BTRN.
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Drawdown Indicators
| BTF | BTRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.50% | -36.97% | -40.53% |
Max Drawdown (1Y)Largest decline over 1 year | -60.85% | -25.71% | -35.14% |
Max Drawdown (3Y)Largest decline over 3 years | -60.85% | — | — |
Current DrawdownCurrent decline from peak | -59.27% | -25.71% | -33.56% |
Average DrawdownAverage peak-to-trough decline | -39.85% | -14.64% | -25.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.81% | 15.73% | +20.08% |
Volatility
BTF vs. BTRN - Volatility Comparison
Valkyrie Bitcoin and Ether Strategy ETF (BTF) has a higher volatility of 15.71% compared to Global X Bitcoin Trend Strategy ETF (BTRN) at 3.94%. This indicates that BTF's price experiences larger fluctuations and is considered to be riskier than BTRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTF | BTRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.71% | 3.94% | +11.77% |
Volatility (6M)Calculated over the trailing 6-month period | 39.94% | 10.17% | +29.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.04% | 18.59% | +36.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.48% | 30.61% | +27.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.48% | 30.61% | +27.87% |
BTF vs. BTRN - Expense Ratio Comparison
BTF has a 1.24% expense ratio, which is higher than BTRN's 0.95% expense ratio.
Dividends
BTF vs. BTRN - Dividend Comparison
BTF's dividend yield for the trailing twelve months is around 233.68%, more than BTRN's 30.77% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BTF Valkyrie Bitcoin and Ether Strategy ETF | 233.68% | 146.05% | 52.96% | 15.98% |
BTRN Global X Bitcoin Trend Strategy ETF | 30.77% | 27.76% | 2.56% | 0.00% |
Frequently Asked Questions
BTF and BTRN have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTF has higher volatility (15.71%) compared to BTRN (3.94%). In terms of maximum drawdown, BTF dropped -77.50% vs BTRN's -36.97%.
On 1-year performance, BTRN leads with -15.56% vs -36.03% for BTF. On fees, BTRN is cheaper at 0.95% per year. On volatility, BTRN has been the lower-risk option at 3.94%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BTRN has performed better with a -15.56% return vs -36.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BTRN is cheaper with a 0.95% expense ratio, compared with 1.24% for BTF.
BTF has the higher dividend yield at 233.68%, compared with 30.77% for BTRN.
They also come from different issuers: Valkyrie and Global X. Their fees differ too: 1.24% for BTF and 0.95% for BTRN.
BTF currently has the higher Sharpe Ratio (-0.66 vs -0.84), 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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