BTRN vs. BITU

Last updated Jun 4, 2026

BTRN (Global X Bitcoin Trend Strategy ETF) and BITU (Proshares Ultra Bitcoin ETF) are both Cryptocurrency funds - BTRN tracks the CoinDesk Bitcoin Trend Indicator Futures Index while BITU tracks the Bloomberg Bitcoin Index - Benchmark TR Gross. Both are passively managed. Over the past year, BTRN returned -18.31% vs -73.07% for BITU. A 0.79 correlation means they provide meaningful diversification when combined. Both charge a 0.95% expense ratio.

Performance

BTRN vs. BITU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Bitcoin Trend Strategy ETF (BTRN) and Proshares Ultra Bitcoin ETF (BITU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BTRN achieves a -9.29% return, which is significantly higher than BITU's -52.92% return.

BTRN

• 1D: -1.35%
• 1M: -12.31%
• YTD: -9.29%
• 6M: -9.90%
• 1Y: -18.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITU

• 1D: -5.58%
• 1M: -34.84%
• YTD: -52.92%
• 6M: -59.11%
• 1Y: -73.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BTRN vs. BITU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BTRN Global X Bitcoin Trend Strategy ETF	-9.29%	4.89%	5.77%
BITU Proshares Ultra Bitcoin ETF	-52.92%	-37.07%	37.90%

Correlation

The correlation between BTRN and BITU is 0.72, 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	0.72
Correlation (All Time) Calculated using the full available price history since Apr 3, 2024	0.79

The correlation between BTRN and BITU has been stable across timeframes, ranging from 0.72 to 0.79 - a consistent structural relationship.

BTRN vs. BITU - Sectors Allocation Comparison

Sectors	BTRN	BITU
Financial Services	68.6%	4.2%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

BTRN vs. BITU — 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: 2
BTRN Calmar Ratio Rank: 3
BTRN Martin Ratio Rank: 3

BITU

BITU Risk / Return Rank: 2
BITU Sharpe Ratio Rank: 2
BITU Sortino Ratio Rank: 2
BITU Omega Ratio Rank: 2
BITU Calmar Ratio Rank: 1
BITU 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. BITU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Bitcoin Trend Strategy ETF (BTRN) and Proshares Ultra Bitcoin ETF (BITU). 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	BITU	Difference
Sharpe ratio: Return per unit of total volatility	-0.93	-0.84	-0.08
Sortino ratio: Return per unit of downside risk	-1.23	-1.44	+0.20
Omega ratio: Gain probability vs. loss probability	0.84	0.84	0.00
Calmar ratio: Return relative to maximum drawdown	-0.73	-0.93	+0.20
Martin ratio: Return relative to average drawdown	-1.25	-1.47	+0.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BTRN vs. BITU - Sharpe Ratio Comparison

The current BTRN Sharpe Ratio is -0.93, which is comparable to the BITU Sharpe Ratio of -0.84. The chart below compares the historical Sharpe Ratios of BTRN and BITU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BTRN	BITU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.93	-0.84	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	-0.35	+0.35

Drawdowns

BTRN vs. BITU - Drawdown Comparison

The maximum BTRN drawdown since its inception was -36.97%, smaller than the maximum BITU drawdown of -78.94%. Use the drawdown chart below to compare losses from any high point for BTRN and BITU.

Drawdown Indicators

	BTRN	BITU	Difference
Max Drawdown Largest peak-to-trough decline	-36.97%	-78.94%	+41.97%
Max Drawdown (1Y) Largest decline over 1 year	-25.29%	-78.94%	+53.65%
Current Drawdown Current decline from peak	-25.29%	-78.94%	+53.65%
Average Drawdown Average peak-to-trough decline	-14.41%	-34.49%	+20.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.68%	49.84%	-35.16%

Volatility

BTRN vs. BITU - Volatility Comparison

The current volatility for Global X Bitcoin Trend Strategy ETF (BTRN) is 7.24%, while Proshares Ultra Bitcoin ETF (BITU) has a volatility of 18.99%. This indicates that BTRN experiences smaller price fluctuations and is considered to be less risky than BITU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTRN	BITU	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.24%	18.99%	-11.75%
Volatility (6M) Calculated over the trailing 6-month period	10.35%	69.41%	-59.06%
Volatility (1Y) Calculated over the trailing 1-year period	19.91%	87.00%	-67.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.96%	97.45%	-66.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.96%	97.45%	-66.49%

BTRN vs. BITU - Expense Ratio Comparison

Both BTRN and BITU have an expense ratio of 0.95%.

Dividends

BTRN vs. BITU - Dividend Comparison

BTRN's dividend yield for the trailing twelve months is around 30.60%, less than BITU's 83.36% yield.

Position	TTM	2025	2024
BITU Proshares Ultra Bitcoin ETF	83.36%	50.23%	0.12%
BTRN Global X Bitcoin Trend Strategy ETF	30.60%	27.76%	2.56%

Frequently Asked Questions

Can I hold both BTRN and BITU in my portfolio?

BTRN and BITU have a correlation of 0.72, 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 BITU?

BITU has higher volatility (18.99%) compared to BTRN (7.24%). In terms of maximum drawdown, BTRN dropped -36.97% vs BITU's -78.94%.

Which ETF is better, BTRN or BITU?

On 1-year performance, BTRN leads with -18.31% vs -73.07% for BITU. Both ETFs have the same 0.95% expense ratio. On volatility, BTRN has been the lower-risk option at 7.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BTRN or BITU?

Over the 1-year period, BTRN has performed better with a -18.31% return vs -73.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BTRN or BITU?

BTRN and BITU have the same expense ratio: 0.95% per year.

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

BITU has the higher dividend yield at 83.36%, compared with 30.60% for BTRN.

What is the main difference between BTRN and BITU?

BTRN tracks CoinDesk Bitcoin Trend Indicator Futures Index, while BITU tracks Bloomberg Bitcoin Index - Benchmark TR Gross. They also come from different issuers: Global X and ProShares.

Which has better risk-adjusted returns?

BITU currently has the higher Sharpe Ratio (-0.84 vs -0.93), 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.