CEPI vs. BTRN

Last updated Jul 16, 2026

CEPI (REX Crypto Equity Premium Income ETF) and BTRN (Global X Bitcoin Trend Strategy ETF) are both Cryptocurrency funds. CEPI is actively managed, while BTRN is passively managed. Over the past year, CEPI returned 19.84% vs -23.33% for BTRN. At a 0.45 correlation, their price movements are largely independent. CEPI charges 0.85%/yr vs 0.95%/yr for BTRN.

Performance

CEPI vs. BTRN - Performance Comparison

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

Returns By Period

In the year-to-date period, CEPI achieves a 18.12% return, which is significantly higher than BTRN's -9.52% return.

CEPI

• 1D: 0.44%
• 1M: -4.42%
• 6M: 12.00%
• YTD: 18.12%
• 1Y: 19.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTRN

• 1D: 0.16%
• 1M: -0.38%
• 6M: -12.62%
• YTD: -9.52%
• 1Y: -23.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CEPI vs. BTRN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CEPI REX Crypto Equity Premium Income ETF	18.12%	10.75%	-7.02%
BTRN Global X Bitcoin Trend Strategy ETF	-9.52%	4.89%	-1.97%

Correlation

The correlation between CEPI and BTRN is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	0.45

Return for Risk

CEPI vs. BTRN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CEPI

CEPI Risk / Return Rank: 23
CEPI Sharpe Ratio Rank: 24
CEPI Sortino Ratio Rank: 24
CEPI Omega Ratio Rank: 25
CEPI Calmar Ratio Rank: 23
CEPI Martin Ratio Rank: 22

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: 1
BTRN Martin Ratio Rank: 2

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.

CEPI vs. BTRN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX Crypto Equity Premium Income ETF (CEPI) and Global X Bitcoin Trend Strategy ETF (BTRN). 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.

	CEPI	BTRN	Difference
Sharpe ratio: Return per unit of total volatility	0.71	-1.35	+2.07
Sortino ratio: Return per unit of downside risk	1.12	-1.84	+2.95
Omega ratio: Gain probability vs. loss probability	1.14	0.75	+0.40
Calmar ratio: Return relative to maximum drawdown	0.89	-0.90	+1.79
Martin ratio: Return relative to average drawdown	2.09	-1.41	+3.50

CEPI vs. BTRN - Sharpe Ratio Comparison

The current CEPI Sharpe Ratio is 0.71, which is higher than the BTRN Sharpe Ratio of -1.35. The chart below compares the historical Sharpe Ratios of CEPI and BTRN, 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

CEPI vs. BTRN - Drawdown Comparison

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

Drawdown Indicators

	CEPI	BTRN	Difference
Max Drawdown Largest peak-to-trough decline	-29.48%	-36.97%	+7.49%
Max Drawdown (1Y) Largest decline over 1 year	-22.47%	-26.04%	+3.57%
Current Drawdown Current decline from peak	-5.20%	-25.48%	+20.28%
Average Drawdown Average peak-to-trough decline	-8.28%	-14.94%	+6.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.52%	16.55%	-7.03%

Volatility

CEPI vs. BTRN - Volatility Comparison

REX Crypto Equity Premium Income ETF (CEPI) has a higher volatility of 7.26% compared to Global X Bitcoin Trend Strategy ETF (BTRN) at 2.04%. This indicates that CEPI's price experiences larger fluctuations and is considered to be riskier than BTRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CEPI	BTRN	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.26%	2.04%	+5.22%
Volatility (6M) Calculated over the trailing 6-month period	22.09%	10.29%	+11.80%
Volatility (1Y) Calculated over the trailing 1-year period	27.90%	17.52%	+10.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.44%	30.23%	+1.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.44%	30.23%	+1.21%

CEPI vs. BTRN - Expense Ratio Comparison

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

Dividends

CEPI vs. BTRN - Dividend Comparison

CEPI's dividend yield for the trailing twelve months is around 46.66%, more than BTRN's 31.03% yield.

Position	TTM	2025	2024
BTRN Global X Bitcoin Trend Strategy ETF	31.03%	27.76%	2.56%
CEPI REX Crypto Equity Premium Income ETF	46.66%	50.78%	0.00%

Frequently Asked Questions

Can I hold both CEPI and BTRN in my portfolio?

CEPI and BTRN have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CEPI or BTRN?

CEPI has higher volatility (7.26%) compared to BTRN (2.04%). In terms of maximum drawdown, CEPI dropped -29.48% vs BTRN's -36.97%.

Which ETF is better, CEPI or BTRN?

On 1-year performance, CEPI leads with 19.84% vs -23.33% for BTRN. On fees, CEPI is cheaper at 0.85% per year. On volatility, BTRN has been the lower-risk option at 2.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CEPI or BTRN?

Over the 1-year period, CEPI has performed better with a 19.84% return vs -23.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CEPI or BTRN?

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

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

CEPI has the higher dividend yield at 46.66%, compared with 31.03% for BTRN.

What is the main difference between CEPI and BTRN?

They also come from different issuers: REX and Global X. Their fees differ too: 0.85% for CEPI and 0.95% for BTRN.

Which has better risk-adjusted returns?

CEPI currently has the higher Sharpe Ratio (0.71 vs -1.35), 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.