BTGD vs. CEPI

Last updated Apr 1, 2026

Compare and contrast key facts about STKD Bitcoin & Gold ETF (BTGD) and REX Crypto Equity Premium Income ETF (CEPI).

BTGD and CEPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BTGD is an actively managed fund by Quantify Funds. It was launched on Oct 15, 2024. CEPI is an actively managed fund by REX. It was launched on Dec 4, 2024.

Performance

BTGD vs. CEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in STKD Bitcoin & Gold ETF (BTGD) and REX Crypto Equity Premium Income ETF (CEPI). The values are adjusted to include any dividend payments, if applicable.

BTGD vs. CEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BTGD STKD Bitcoin & Gold ETF	-20.27%	34.62%	-8.47%
CEPI REX Crypto Equity Premium Income ETF	-5.89%	10.75%	-9.02%

Returns By Period

In the year-to-date period, BTGD achieves a -20.27% return, which is significantly lower than CEPI's -5.89% return.

BTGD

• 1D: 5.80%
• 1M: -9.91%
• YTD: -20.27%
• 6M: -34.23%
• 1Y: 5.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CEPI

• 1D: 4.15%
• 1M: -4.68%
• YTD: -5.89%
• 6M: -13.56%
• 1Y: 18.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BTGD vs. CEPI - Expense Ratio Comparison

BTGD has a 1.00% expense ratio, which is higher than CEPI's 0.85% expense ratio.

BTGD

STKD Bitcoin & Gold ETF

CEPI

REX Crypto Equity Premium Income ETF

Return for Risk

BTGD vs. CEPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BTGD

BTGD Risk / Return Rank: 17
BTGD Sharpe Ratio Rank: 15
BTGD Sortino Ratio Rank: 21
BTGD Omega Ratio Rank: 20
BTGD Calmar Ratio Rank: 15
BTGD Martin Ratio Rank: 14

CEPI

CEPI Risk / Return Rank: 33
CEPI Sharpe Ratio Rank: 33
CEPI Sortino Ratio Rank: 37
CEPI Omega Ratio Rank: 35
CEPI Calmar Ratio Rank: 33
CEPI Martin Ratio Rank: 26

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BTGD vs. CEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for STKD Bitcoin & Gold ETF (BTGD) and REX Crypto Equity Premium Income ETF (CEPI). 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.

	BTGD	CEPI	Difference
Sharpe ratio Return per unit of total volatility	0.10	0.59	-0.49
Sortino ratio Return per unit of downside risk	0.54	1.01	-0.48
Omega ratio Gain probability vs. loss probability	1.07	1.14	-0.07
Calmar ratio Return relative to maximum drawdown	0.11	0.78	-0.67
Martin ratio Return relative to average drawdown	0.27	1.91	-1.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BTGD vs. CEPI - Sharpe Ratio Comparison

The current BTGD Sharpe Ratio is 0.10, which is lower than the CEPI Sharpe Ratio of 0.59. The chart below compares the historical Sharpe Ratios of BTGD and CEPI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BTGD	CEPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.10	0.59	-0.49
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	-0.12	+0.58

Correlation

The correlation between BTGD and CEPI is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BTGD vs. CEPI - Dividend Comparison

BTGD's dividend yield for the trailing twelve months is around 4.22%, less than CEPI's 55.46% yield.

	TTM	2025	2024
BTGD STKD Bitcoin & Gold ETF	4.22%	3.36%	0.19%
CEPI REX Crypto Equity Premium Income ETF	55.46%	50.78%	0.00%

Drawdowns

BTGD vs. CEPI - Drawdown Comparison

The maximum BTGD drawdown since its inception was -45.14%, which is greater than CEPI's maximum drawdown of -29.48%. Use the drawdown chart below to compare losses from any high point for BTGD and CEPI.

Drawdown Indicators

	BTGD	CEPI	Difference
Max Drawdown Largest peak-to-trough decline	-45.14%	-29.48%	-15.66%
Max Drawdown (1Y) Largest decline over 1 year	-45.14%	-22.47%	-22.67%
Current Drawdown Current decline from peak	-41.60%	-19.25%	-22.35%
Average Drawdown Average peak-to-trough decline	-11.98%	-9.10%	-2.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.83%	9.13%	+9.70%

Volatility

BTGD vs. CEPI - Volatility Comparison

STKD Bitcoin & Gold ETF (BTGD) has a higher volatility of 19.19% compared to REX Crypto Equity Premium Income ETF (CEPI) at 11.14%. This indicates that BTGD's price experiences larger fluctuations and is considered to be riskier than CEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTGD	CEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.19%	11.14%	+8.05%
Volatility (6M) Calculated over the trailing 6-month period	48.05%	23.12%	+24.93%
Volatility (1Y) Calculated over the trailing 1-year period	56.78%	31.01%	+25.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.74%	32.66%	+24.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.74%	32.66%	+24.08%