CETH vs. BTCZ

Last updated Apr 1, 2026

Compare and contrast key facts about 21shares Core Ethereum ETF (CETH) and T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ).

CETH and BTCZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CETH is a passively managed fund by 21Shares that tracks the performance of the CME CF Ether-Dollar Reference Rate. It was launched on Jul 22, 2024. BTCZ is an actively managed fund by T-Rex. It was launched on Jul 9, 2024.

Performance

CETH vs. BTCZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 21shares Core Ethereum ETF (CETH) and T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ). The values are adjusted to include any dividend payments, if applicable.

CETH vs. BTCZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CETH 21shares Core Ethereum ETF	0.00%	0.00%	0.00%
BTCZ T-Rex 2X Inverse Bitcoin Daily Target ETF	29.93%	-29.11%	-76.58%

Returns By Period

CETH

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTCZ

• 1D: -4.04%
• 1M: -11.35%
• YTD: 29.93%
• 6M: 93.66%
• 1Y: -16.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CETH vs. BTCZ - Expense Ratio Comparison

CETH has a 0.21% expense ratio, which is lower than BTCZ's 0.95% expense ratio.

BTCZ

T-Rex 2X Inverse Bitcoin Daily Target ETF

CETH

21shares Core Ethereum ETF

Return for Risk

CETH vs. BTCZ — Risk / Return Rank

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

BTCZ

BTCZ Risk / Return Rank: 11
BTCZ Sharpe Ratio Rank: 8
BTCZ Sortino Ratio Rank: 15
BTCZ Omega Ratio Rank: 15
BTCZ Calmar Ratio Rank: 9
BTCZ Martin Ratio Rank: 10

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.

CETH vs. BTCZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21shares Core Ethereum ETF (CETH) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CETH	BTCZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.18	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.59	—

Dividends

CETH vs. BTCZ - Dividend Comparison

CETH has not paid dividends to shareholders, while BTCZ's dividend yield for the trailing twelve months is around 0.01%.

	TTM	2025	2024
CETH 21shares Core Ethereum ETF	0.00%	0.00%	0.00%
BTCZ T-Rex 2X Inverse Bitcoin Daily Target ETF	0.01%	0.02%	0.08%

Drawdowns

Volatility

Volatility by Period

	CETH	BTCZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	26.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	73.35%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	90.77%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	99.68%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	99.68%	—