CONX vs. BEX

Last updated Aug 6, 2026

CONX (Direxion Daily COIN Bull 2X ETF) and BEX (Tradr 2X Long BE Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their 0.23 correlation means their historical movements had little consistent relationship. CONX charges 0.97%/yr vs 1.30%/yr for BEX.

Performance

CONX vs. BEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily COIN Bull 2X ETF (CONX) and Tradr 2X Long BE Daily ETF (BEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CONX

• 1D: -1.17%
• 1M: -25.04%
• 6M: -45.33%
• YTD: -70.96%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

BEX

• 1D: 5.24%
• 1M: -47.26%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
BEX Tradr 2X Long BE Daily ETF	$88.11M	$76.67M	$68.15M
CONX Direxion Daily COIN Bull 2X ETF	$550.59K	$583.59K	$703.63K

CONX vs. BEX - Yearly Performance Comparison

	2026 (YTD)
CONX Direxion Daily COIN Bull 2X ETF	-41.81%
BEX Tradr 2X Long BE Daily ETF	-61.33%

Correlation

The correlation between CONX and BEX is 0.23, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 26, 2026	0.23

Return for Risk

CONX vs. BEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily COIN Bull 2X ETF (CONX) and Tradr 2X Long BE Daily ETF (BEX). 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.

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

Drawdowns

CONX vs. BEX - Drawdown Comparison

The maximum CONX drawdown since its inception was -81.84%, roughly equal to the maximum BEX drawdown of -82.16%. Use the drawdown chart below to compare losses from any high point for CONX and BEX.

Drawdown Indicators

	CONX	BEX	Difference
Max Drawdown Largest peak-to-trough decline	-81.84%	-82.16%	+0.32%
Current Drawdown Current decline from peak	-81.08%	-65.14%	-15.94%
Average Drawdown Average peak-to-trough decline	-55.53%	-42.97%	-12.56%

Volatility

Volatility by Period

	CONX	BEX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	142.61%	259.42%	-116.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	142.61%	259.42%	-116.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	142.61%	259.42%	-116.81%

CONX vs. BEX - Expense Ratio Comparison

CONX has a 0.97% expense ratio, which is lower than BEX's 1.30% expense ratio.

Dividends

CONX vs. BEX - Dividend Comparison

CONX's dividend yield for the trailing twelve months is around 3.43%, while BEX has not paid dividends to shareholders.

Position	TTM	2025
BEX Tradr 2X Long BE Daily ETF	0.00%	0.00%
CONX Direxion Daily COIN Bull 2X ETF	3.43%	0.42%

Frequently Asked Questions

Can I hold both CONX and BEX in my portfolio?

CONX and BEX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CONX or BEX?

On fees, CONX is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CONX or BEX?

CONX is cheaper with a 0.97% expense ratio, compared with 1.30% for BEX.

Which ETF pays a higher dividend yield, CONX or BEX?

CONX has the higher dividend yield at 3.43%, compared with 0.00% for BEX.

What is the main difference between CONX and BEX?

They also come from different issuers: Direxion and Tradr. Their fees differ too: 0.97% for CONX and 1.30% for BEX.