BTRN vs. BCCC

Last updated Jun 26, 2026

BTRN (Global X Bitcoin Trend Strategy ETF) and BCCC (Global X Bitcoin Covered Call ETF) are both Cryptocurrency funds from Global X. BTRN is passively managed, while BCCC is actively managed. Over the past year, BTRN returned -18.95% vs -33.90% for BCCC. A 0.69 correlation means they provide meaningful diversification when combined. BTRN charges 0.95%/yr vs 0.75%/yr for BCCC.

Performance

BTRN vs. BCCC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Bitcoin Trend Strategy ETF (BTRN) 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, BTRN achieves a -10.62% return, which is significantly higher than BCCC's -26.93% return.

BTRN

• 1D: 0.09%
• 1M: -8.78%
• YTD: -10.62%
• 6M: -10.63%
• 1Y: -18.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BCCC

• 1D: -0.68%
• 1M: -18.48%
• YTD: -26.93%
• 6M: -26.11%
• 1Y: -33.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BTRN vs. BCCC - Yearly Performance Comparison

	2026 (YTD)	2025
BTRN Global X Bitcoin Trend Strategy ETF	-10.62%	-9.95%
BCCC Global X Bitcoin Covered Call ETF	-26.93%	-7.02%

Correlation

The correlation between BTRN and BCCC is 0.67, 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	0.67
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025	0.69

The correlation between BTRN and BCCC has been stable across timeframes, ranging from 0.67 to 0.69 - a consistent structural relationship.

Return for Risk

BTRN vs. BCCC — Risk / Return Rank

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

BTRN

BTRN Risk / Return Rank: 2
BTRN Sharpe Ratio Rank: 2
BTRN Sortino Ratio Rank: 2
BTRN Omega Ratio Rank: 1
BTRN Calmar Ratio Rank: 3
BTRN Martin Ratio Rank: 4

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: 2
BCCC Martin Ratio Rank: 1

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.

BTRN vs. BCCC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Bitcoin Trend Strategy ETF (BTRN) 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.

	BTRN	BCCC	Difference
Sharpe ratio: Return per unit of total volatility	-1.03	-0.96	-0.07
Sortino ratio: Return per unit of downside risk	-1.38	-1.28	-0.10
Omega ratio: Gain probability vs. loss probability	0.81	0.84	-0.03
Calmar ratio: Return relative to maximum drawdown	-0.72	-0.82	+0.10
Martin ratio: Return relative to average drawdown	-1.19	-1.47	+0.27

BTRN vs. BCCC - Sharpe Ratio Comparison

The current BTRN Sharpe Ratio is -1.03, which is comparable to the BCCC Sharpe Ratio of -0.96. The chart below compares the historical Sharpe Ratios of BTRN 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

BTRN vs. BCCC - Drawdown Comparison

The maximum BTRN drawdown since its inception was -36.97%, smaller than the maximum BCCC drawdown of -41.63%. Use the drawdown chart below to compare losses from any high point for BTRN and BCCC.

Drawdown Indicators

	BTRN	BCCC	Difference
Max Drawdown Largest peak-to-trough decline	-36.97%	-41.63%	+4.66%
Max Drawdown (1Y) Largest decline over 1 year	-26.45%	-41.63%	+15.18%
Current Drawdown Current decline from peak	-26.39%	-41.60%	+15.21%
Average Drawdown Average peak-to-trough decline	-14.68%	-18.04%	+3.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.91%	23.16%	-7.25%

Volatility

BTRN vs. BCCC - Volatility Comparison

The current volatility for Global X Bitcoin Trend Strategy ETF (BTRN) is 3.70%, while Global X Bitcoin Covered Call ETF (BCCC) has a volatility of 10.97%. This indicates that BTRN experiences smaller price fluctuations and is considered to be less risky than BCCC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTRN	BCCC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.70%	10.97%	-7.27%
Volatility (6M) Calculated over the trailing 6-month period	10.21%	28.98%	-18.77%
Volatility (1Y) Calculated over the trailing 1-year period	18.54%	35.50%	-16.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.57%	35.11%	-4.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.57%	35.11%	-4.54%

BTRN vs. BCCC - Expense Ratio Comparison

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

Dividends

BTRN vs. BCCC - Dividend Comparison

BTRN's dividend yield for the trailing twelve months is around 31.05%, less than BCCC's 66.89% yield.

Position	TTM	2025	2024
BCCC Global X Bitcoin Covered Call ETF	66.89%	29.55%	0.00%
BTRN Global X Bitcoin Trend Strategy ETF	31.05%	27.76%	2.56%

Frequently Asked Questions

Can I hold both BTRN and BCCC in my portfolio?

BTRN and BCCC have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BTRN or BCCC?

BCCC has higher volatility (10.97%) compared to BTRN (3.70%). In terms of maximum drawdown, BTRN dropped -36.97% vs BCCC's -41.63%.

Which ETF is better, BTRN or BCCC?

On 1-year performance, BTRN leads with -18.95% vs -33.90% for BCCC. On fees, BCCC is cheaper at 0.75% per year. On volatility, BTRN has been the lower-risk option at 3.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BTRN or BCCC?

Over the 1-year period, BTRN has performed better with a -18.95% return vs -33.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BTRN or BCCC?

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

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

BCCC has the higher dividend yield at 66.89%, compared with 31.05% for BTRN.

What is the main difference between BTRN and BCCC?

Their fees differ too: 0.95% for BTRN and 0.75% for BCCC.

Which has better risk-adjusted returns?

BCCC currently has the higher Sharpe Ratio (-0.96 vs -1.03), 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.