CRCD vs. BTCZ

Last updated Apr 1, 2026

Compare and contrast key facts about T-REX 2X Inverse CRCL Daily Target ETF (CRCD) and T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ).

CRCD and BTCZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CRCD is an actively managed fund by T-Rex. It was launched on Sep 25, 2025. BTCZ is an actively managed fund by T-Rex. It was launched on Jul 9, 2024.

Performance

CRCD vs. BTCZ - Performance Comparison

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

CRCD vs. BTCZ - Yearly Performance Comparison

	2026 (YTD)	2025
CRCD T-REX 2X Inverse CRCL Daily Target ETF	-80.36%	43.19%
BTCZ T-Rex 2X Inverse Bitcoin Daily Target ETF	29.93%	34.53%

Returns By Period

In the year-to-date period, CRCD achieves a -80.36% return, which is significantly lower than BTCZ's 29.93% return.

CRCD

• 1D: -13.13%
• 1M: -45.34%
• YTD: -80.36%
• 6M: -69.16%
• 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)

CRCD vs. BTCZ - Expense Ratio Comparison

CRCD has a 1.50% expense ratio, which is higher than BTCZ's 0.95% expense ratio.

CRCD

T-REX 2X Inverse CRCL Daily Target ETF

BTCZ

T-Rex 2X Inverse Bitcoin Daily Target ETF

Return for Risk

CRCD 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.

CRCD vs. BTCZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Inverse CRCL Daily Target ETF (CRCD) 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

	CRCD	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	-0.45	-0.59	+0.14

Correlation

The correlation between CRCD and BTCZ is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

CRCD vs. BTCZ - Dividend Comparison

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

	TTM	2025	2024
CRCD T-REX 2X Inverse CRCL Daily Target ETF	0.00%	0.00%	0.00%
BTCZ T-Rex 2X Inverse Bitcoin Daily Target ETF	0.01%	0.02%	0.08%

Drawdowns

CRCD vs. BTCZ - Drawdown Comparison

The maximum CRCD drawdown since its inception was -94.38%, roughly equal to the maximum BTCZ drawdown of -91.06%. Use the drawdown chart below to compare losses from any high point for CRCD and BTCZ.

Drawdown Indicators

	CRCD	BTCZ	Difference
Max Drawdown Largest peak-to-trough decline	-94.38%	-91.06%	-3.32%
Max Drawdown (1Y) Largest decline over 1 year	—	-68.27%	—
Current Drawdown Current decline from peak	-90.68%	-79.05%	-11.63%
Average Drawdown Average peak-to-trough decline	-40.91%	-72.74%	+31.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	48.58%	—

Volatility

Volatility by Period

	CRCD	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	203.98%	90.77%	+113.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	203.98%	99.68%	+104.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	203.98%	99.68%	+104.30%