BTRN vs. BCCC

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Bitcoin Trend Strategy ETF (BTRN) and Global X Bitcoin Covered Call ETF (BCCC).

BTRN and BCCC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BTRN is a passively managed fund by Global X that tracks the performance of the CoinDesk Bitcoin Trend Indicator Futures Index. It was launched on Mar 20, 2024. BCCC is an actively managed fund by Global X. It was launched on Jun 3, 2025.

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.

BTRN vs. BCCC - Yearly Performance Comparison

	2026 (YTD)	2025
BTRN Global X Bitcoin Trend Strategy ETF	-1.59%	-8.90%
BCCC Global X Bitcoin Covered Call ETF	-18.37%	-7.14%

Returns By Period

In the year-to-date period, BTRN achieves a -1.59% return, which is significantly higher than BCCC's -18.37% return.

BTRN

• 1D: -0.02%
• 1M: -0.89%
• YTD: -1.59%
• 6M: -10.23%
• 1Y: 3.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BCCC

• 1D: 1.12%
• 1M: 4.09%
• YTD: -18.37%
• 6M: -31.34%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BTRN vs. BCCC - Expense Ratio Comparison

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

BTRN

Global X Bitcoin Trend Strategy ETF

BCCC

Global X Bitcoin Covered Call ETF

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: 15
BTRN Sharpe Ratio Rank: 16
BTRN Sortino Ratio Rank: 16
BTRN Omega Ratio Rank: 16
BTRN Calmar Ratio Rank: 15
BTRN Martin Ratio Rank: 14

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.

	BTRN	BCCC	Difference
Sharpe ratio Return per unit of total volatility	0.18	—	—
Sortino ratio Return per unit of downside risk	0.39	—	—
Omega ratio Gain probability vs. loss probability	1.05	—	—
Calmar ratio Return relative to maximum drawdown	0.16	—	—
Martin ratio Return relative to average drawdown	0.25	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BTRN	BCCC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.18	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	-0.79	+0.92

Correlation

The correlation between BTRN and BCCC is 0.67, 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

BTRN vs. BCCC - Dividend Comparison

BTRN's dividend yield for the trailing twelve months is around 28.20%, less than BCCC's 51.39% yield.

	TTM	2025	2024
BTRN Global X Bitcoin Trend Strategy ETF	28.20%	27.76%	2.56%
BCCC Global X Bitcoin Covered Call ETF	51.39%	29.55%	0.00%

Drawdowns

BTRN vs. BCCC - Drawdown Comparison

The maximum BTRN drawdown since its inception was -36.97%, smaller than the maximum BCCC drawdown of -41.62%. 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%	-41.62%	+4.65%
Max Drawdown (1Y) Largest decline over 1 year	-19.80%	—	—
Current Drawdown Current decline from peak	-18.95%	-34.76%	+15.81%
Average Drawdown Average peak-to-trough decline	-14.12%	-14.24%	+0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.73%	—	—

Volatility

Volatility by Period

	BTRN	BCCC	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.69%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.24%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.03%	36.66%	-16.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.67%	36.66%	-4.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.67%	36.66%	-4.99%