BTRN vs. BTCZ
BTRN (Global X Bitcoin Trend Strategy ETF) and BTCZ (T-Rex 2X Inverse Bitcoin Daily Target ETF) are both Cryptocurrency funds. BTRN is passively managed, while BTCZ is actively managed. Over the past year, BTRN returned -21.78% vs 86.21% for BTCZ. Their -0.75 correlation means they have often moved in opposite directions in the past. Both charge a 0.95% expense ratio.
Performance
BTRN vs. BTCZ - Performance Comparison
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Returns By Period
In the year-to-date period, BTRN achieves a -10.78% return, which is significantly lower than BTCZ's 34.44% return.
BTRN
- 1D
- -0.73%
- 1M
- -0.26%
- 6M
- -9.90%
- YTD
- -10.78%
- 1Y
- -21.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -1.45%
BTCZ
- 1D
- 5.99%
- 1M
- -6.29%
- 6M
- 28.34%
- YTD
- 34.44%
- 1Y
- 86.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -51.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $105.31M | $113.00M | $118.94M | |
| $4.88K | $3.75K | $40.99K |
BTRN vs. BTCZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTRN Global X Bitcoin Trend Strategy ETF | -10.78% | 4.89% | 25.48% |
BTCZ T-Rex 2X Inverse Bitcoin Daily Target ETF | 34.44% | -29.11% | -76.45% |
Correlation
The correlation between BTRN and BTCZ is -0.66, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.66 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2024 | -0.75 |
The correlation between BTRN and BTCZ has been stable across timeframes, ranging from -0.75 to -0.66 - a consistent structural relationship.
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Return for Risk
BTRN vs. BTCZ — Risk / Return Rank
BTRN
BTCZ
BTRN vs. BTCZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Bitcoin Trend Strategy ETF (BTRN) and T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ). 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 | BTCZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.55 | ||
| Sortino ratioReturn per unit of downside risk | -3.78 | ||
| Omega ratioGain probability vs. loss probability | 0.73 | 1.22 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | 2.01 | -2.96 |
| Martin ratioReturn relative to average drawdown | -1.43 | 4.36 | -5.79 |
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Drawdowns
BTRN vs. BTCZ - Drawdown Comparison
The maximum BTRN drawdown since its inception was -36.97%, smaller than the maximum BTCZ drawdown of -91.06%. Use the drawdown chart below to compare losses from any high point for BTRN and BTCZ.
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Drawdown Indicators
| BTRN | BTCZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.97% | -91.06% | +54.09% |
Max Drawdown (1Y)Largest decline over 1 year | -25.73% | -49.02% | +23.29% |
Current DrawdownCurrent decline from peak | -26.52% | -78.32% | +51.80% |
Average DrawdownAverage peak-to-trough decline | -15.16% | -73.91% | +58.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.05% | 22.54% | -5.49% |
Volatility
BTRN vs. BTCZ - Volatility Comparison
The current volatility for Global X Bitcoin Trend Strategy ETF (BTRN) is 2.65%, while T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ) has a volatility of 18.19%. This indicates that BTRN experiences smaller price fluctuations and is considered to be less risky than BTCZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTRN | BTCZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 18.19% | -15.54% |
Volatility (6M)Calculated over the trailing 6-month period | 9.74% | 67.20% | -57.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.91% | 89.06% | -72.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.96% | 95.65% | -65.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.96% | 95.65% | -65.69% |
BTRN vs. BTCZ - Expense Ratio Comparison
Both BTRN and BTCZ have an expense ratio of 0.95%.
Dividends
BTRN vs. BTCZ - Dividend Comparison
BTRN's dividend yield for the trailing twelve months is around 31.46%, more than BTCZ's 0.01% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BTCZ T-Rex 2X Inverse Bitcoin Daily Target ETF | 0.01% | 0.02% | 0.08% |
BTRN Global X Bitcoin Trend Strategy ETF | 31.46% | 27.76% | 2.56% |
Frequently Asked Questions
BTRN and BTCZ have a correlation of -0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTCZ has higher volatility (18.19%) compared to BTRN (2.65%). In terms of maximum drawdown, BTRN dropped -36.97% vs BTCZ's -91.06%.
On 1-year performance, BTCZ leads with 86.21% vs -21.78% for BTRN. Both ETFs have the same 0.95% expense ratio. On volatility, BTRN has been the lower-risk option at 2.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BTCZ has performed better with a 86.21% return vs -21.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BTRN and BTCZ have the same expense ratio: 0.95% per year.
BTRN has the higher dividend yield at 31.46%, compared with 0.01% for BTCZ.
They also come from different issuers: Global X and T-Rex.
BTCZ currently has the higher Sharpe Ratio (1.11 vs -1.44), 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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