BTRN vs. EZPZ

Last updated Aug 5, 2026

BTRN (Global X Bitcoin Trend Strategy ETF) and EZPZ (Franklin Crypto Index ETF) are both Cryptocurrency funds - BTRN tracks the CoinDesk Bitcoin Trend Indicator Futures Index while EZPZ tracks the CF Institutional Digital Asset Index – US-Settlement Price. Both are passively managed. Over the past year, BTRN returned -22.57% vs -46.61% for EZPZ. Their 0.67 correlation means they have sometimes moved together and sometimes differently. BTRN charges 0.95%/yr vs 0.19%/yr for EZPZ.

Performance

BTRN vs. EZPZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Bitcoin Trend Strategy ETF (BTRN) and Franklin Crypto Index ETF (EZPZ). 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 higher than EZPZ's -29.45% return.

BTRN

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

EZPZ

• 1D: 0.52%
• 1M: 4.08%
• 6M: -18.15%
• YTD: -29.45%
• 1Y: -46.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -26.93%

*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
EZPZ Franklin Crypto Index ETF	$87.09K	$145.30K	$219.56K

BTRN vs. EZPZ - Yearly Performance Comparison

	2026 (YTD)	2025
BTRN Global X Bitcoin Trend Strategy ETF	-10.38%	2.71%
EZPZ Franklin Crypto Index ETF	-29.45%	-10.11%

Correlation

The correlation between BTRN and EZPZ is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	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 Feb 20, 2025	0.67

The correlation between BTRN and EZPZ has been stable across timeframes, ranging from 0.66 to 0.67 - a consistent structural relationship.

Return for Risk

BTRN vs. EZPZ — 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

EZPZ

EZPZ Risk / Return Rank: 2
EZPZ Sharpe Ratio Rank: 2
EZPZ Sortino Ratio Rank: 2
EZPZ Omega Ratio Rank: 2
EZPZ Calmar Ratio Rank: 2
EZPZ Martin Ratio Rank: 2

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. EZPZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Bitcoin Trend Strategy ETF (BTRN) and Franklin Crypto Index ETF (EZPZ). 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	EZPZ	Difference
Sharpe ratio: Return per unit of total volatility	-1.37	-0.98	-0.39
Sortino ratio: Return per unit of downside risk	-1.85	-1.46	-0.39
Omega ratio: Gain probability vs. loss probability	0.74	0.84	-0.10
Calmar ratio: Return relative to maximum drawdown	-0.88	-0.83	-0.05
Martin ratio: Return relative to average drawdown	-1.31	-1.25	-0.07

BTRN vs. EZPZ - Sharpe Ratio Comparison

The current BTRN Sharpe Ratio is -1.37, which is lower than the EZPZ Sharpe Ratio of -0.98. The chart below compares the historical Sharpe Ratios of BTRN and EZPZ, 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. EZPZ - Drawdown Comparison

The maximum BTRN drawdown since its inception was -36.97%, smaller than the maximum EZPZ drawdown of -56.63%. Use the drawdown chart below to compare losses from any high point for BTRN and EZPZ.

Drawdown Indicators

	BTRN	EZPZ	Difference
Max Drawdown Largest peak-to-trough decline	-36.97%	-56.63%	+19.66%
Max Drawdown (1Y) Largest decline over 1 year	-25.73%	-56.63%	+30.90%
Current Drawdown Current decline from peak	-26.19%	-52.42%	+26.23%
Average Drawdown Average peak-to-trough decline	-15.20%	-25.29%	+10.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.20%	37.39%	-20.19%

Volatility

BTRN vs. EZPZ - Volatility Comparison

The current volatility for Global X Bitcoin Trend Strategy ETF (BTRN) is 2.68%, while Franklin Crypto Index ETF (EZPZ) has a volatility of 8.21%. This indicates that BTRN experiences smaller price fluctuations and is considered to be less risky than EZPZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTRN	EZPZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.68%	8.21%	-5.53%
Volatility (6M) Calculated over the trailing 6-month period	9.75%	35.14%	-25.39%
Volatility (1Y) Calculated over the trailing 1-year period	16.62%	47.73%	-31.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.91%	46.83%	-16.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.91%	46.83%	-16.92%

BTRN vs. EZPZ - Expense Ratio Comparison

BTRN has a 0.95% expense ratio, which is higher than EZPZ's 0.19% expense ratio.

Dividends

BTRN vs. EZPZ - Dividend Comparison

BTRN's dividend yield for the trailing twelve months is around 31.32%, while EZPZ has not paid dividends to shareholders.

Position	TTM	2025	2024
BTRN Global X Bitcoin Trend Strategy ETF	31.32%	27.76%	2.56%
EZPZ Franklin Crypto Index ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BTRN and EZPZ in my portfolio?

BTRN and EZPZ 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.

Which is riskier, BTRN or EZPZ?

EZPZ has higher volatility (8.21%) compared to BTRN (2.68%). In terms of maximum drawdown, BTRN dropped -36.97% vs EZPZ's -56.63%.

Which ETF is better, BTRN or EZPZ?

On 1-year performance, BTRN leads with -22.57% vs -46.61% for EZPZ. On fees, EZPZ is cheaper at 0.19% 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 EZPZ?

Over the 1-year period, BTRN has performed better with a -22.57% return vs -46.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BTRN or EZPZ?

EZPZ is cheaper with a 0.19% expense ratio, compared with 0.95% for BTRN.

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

BTRN has the higher dividend yield at 31.32%, compared with 0.00% for EZPZ.

What is the main difference between BTRN and EZPZ?

BTRN tracks CoinDesk Bitcoin Trend Indicator Futures Index, while EZPZ tracks CF Institutional Digital Asset Index – US-Settlement Price. They also come from different issuers: Global X and Franklin Templeton. Their fees differ too: 0.95% for BTRN and 0.19% for EZPZ.

Which has better risk-adjusted returns?

EZPZ currently has the higher Sharpe Ratio (-0.98 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.