BTRN vs. CEPI

Last updated Aug 5, 2026

BTRN (Global X Bitcoin Trend Strategy ETF) and CEPI (REX Crypto Equity Premium Income ETF) are both exchange-traded funds - BTRN is a Cryptocurrency fund tracking the CoinDesk Bitcoin Trend Indicator Futures Index, while CEPI is a Derivative Income fund actively managed by REX. BTRN is passively managed, while CEPI is actively managed. Over the past year, BTRN returned -22.57% vs 21.57% for CEPI. Their 0.47 correlation means their historical movements had little consistent relationship. BTRN charges 0.95%/yr vs 0.85%/yr for CEPI.

Performance

BTRN vs. CEPI - Performance Comparison

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

Returns By Period

In the year-to-date period, BTRN achieves a -10.38% return, which is significantly lower than CEPI's 18.92% return.

BTRN

• 1D: 0.08%
• 1M: 0.18%
• 6M: -9.55%
• YTD: -10.38%
• 1Y: -22.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -1.25%

CEPI

• 1D: 1.25%
• 1M: 2.09%
• 6M: 17.67%
• YTD: 18.92%
• 1Y: 21.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.94%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BTRN Global X Bitcoin Trend Strategy ETF	$6.41K	$4.49K	$41.74K
CEPI REX Crypto Equity Premium Income ETF	$1.24M	$1.26M	$1.60M

BTRN vs. CEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BTRN Global X Bitcoin Trend Strategy ETF	-10.38%	4.89%	-1.97%
CEPI REX Crypto Equity Premium Income ETF	18.92%	10.75%	-7.02%

Correlation

The correlation between BTRN and CEPI is 0.45, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.45
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	0.47

Return for Risk

BTRN vs. CEPI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BTRN

BTRN Risk / Return Rank: 1
BTRN Sharpe Ratio Rank: 0
BTRN Sortino Ratio Rank: 1
BTRN Omega Ratio Rank: 0
BTRN Calmar Ratio Rank: 2
BTRN Martin Ratio Rank: 2

CEPI

CEPI Risk / Return Rank: 28
CEPI Sharpe Ratio Rank: 28
CEPI Sortino Ratio Rank: 29
CEPI Omega Ratio Rank: 28
CEPI Calmar Ratio Rank: 28
CEPI Martin Ratio Rank: 26

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BTRN vs. CEPI - Risk-Adjusted Trends Comparison

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

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	CEPI	Difference
Sharpe ratio: Return per unit of total volatility	-1.37	0.74	-2.11
Sortino ratio: Return per unit of downside risk	-1.85	1.18	-3.03
Omega ratio: Gain probability vs. loss probability	0.74	1.15	-0.41
Calmar ratio: Return relative to maximum drawdown	-0.88	0.96	-1.84
Martin ratio: Return relative to average drawdown	-1.31	2.24	-3.55

BTRN vs. CEPI - Sharpe Ratio Comparison

The current BTRN Sharpe Ratio is -1.37, which is lower than the CEPI Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of BTRN and CEPI, 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. CEPI - Drawdown Comparison

The maximum BTRN drawdown since its inception was -36.97%, which is greater than CEPI's maximum drawdown of -29.48%. Use the drawdown chart below to compare losses from any high point for BTRN and CEPI.

Drawdown Indicators

	BTRN	CEPI	Difference
Max Drawdown Largest peak-to-trough decline	-36.97%	-29.48%	-7.49%
Max Drawdown (1Y) Largest decline over 1 year	-25.73%	-22.47%	-3.26%
Current Drawdown Current decline from peak	-26.19%	-4.56%	-21.63%
Average Drawdown Average peak-to-trough decline	-15.20%	-8.22%	-6.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.20%	9.65%	+7.55%

Volatility

BTRN vs. CEPI - Volatility Comparison

The current volatility for Global X Bitcoin Trend Strategy ETF (BTRN) is 2.68%, while REX Crypto Equity Premium Income ETF (CEPI) has a volatility of 11.17%. This indicates that BTRN experiences smaller price fluctuations and is considered to be less risky than CEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTRN	CEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.68%	11.17%	-8.49%
Volatility (6M) Calculated over the trailing 6-month period	9.75%	23.73%	-13.98%
Volatility (1Y) Calculated over the trailing 1-year period	16.62%	29.34%	-12.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.91%	31.88%	-1.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.91%	31.88%	-1.97%

BTRN vs. CEPI - Expense Ratio Comparison

BTRN has a 0.95% expense ratio, which is higher than CEPI's 0.85% expense ratio.

Dividends

BTRN vs. CEPI - Dividend Comparison

BTRN's dividend yield for the trailing twelve months is around 31.32%, less than CEPI's 44.15% yield.

Position	TTM	2025	2024
BTRN Global X Bitcoin Trend Strategy ETF	31.32%	27.76%	2.56%
CEPI REX Crypto Equity Premium Income ETF	44.15%	50.78%	0.00%

Frequently Asked Questions

Can I hold both BTRN and CEPI in my portfolio?

BTRN and CEPI have a correlation of 0.45, 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 CEPI?

CEPI has higher volatility (11.17%) compared to BTRN (2.68%). In terms of maximum drawdown, BTRN dropped -36.97% vs CEPI's -29.48%.

Which ETF is better, BTRN or CEPI?

On 1-year performance, CEPI leads with 21.57% vs -22.57% for BTRN. On fees, CEPI is cheaper at 0.85% per year. On volatility, BTRN has been the lower-risk option at 2.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BTRN or CEPI?

Over the 1-year period, CEPI has performed better with a 21.57% return vs -22.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BTRN or CEPI?

CEPI is cheaper with a 0.85% expense ratio, compared with 0.95% for BTRN.

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

CEPI has the higher dividend yield at 44.15%, compared with 31.32% for BTRN.

What is the main difference between BTRN and CEPI?

BTRN is categorized as Cryptocurrency, while CEPI is Derivative Income. They also come from different issuers: Global X and REX. Their fees differ too: 0.95% for BTRN and 0.85% for CEPI.

Which has better risk-adjusted returns?

CEPI currently has the higher Sharpe Ratio (0.74 vs -1.37), 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.