ETU vs. BITU

Last updated Jun 24, 2026

ETU (T-Rex 2X Long Ether Daily Target ETF) and BITU (Proshares Ultra Bitcoin ETF) are both exchange-traded funds - ETU is a Leveraged Cryptocurrency fund actively managed by REX Shares, while BITU is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index - Benchmark TR Gross. ETU is actively managed, while BITU is passively managed. Over the past year, ETU returned -72.89% vs -74.19% for BITU. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.95% expense ratio.

Performance

ETU vs. BITU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Long Ether Daily Target ETF (ETU) and Proshares Ultra Bitcoin ETF (BITU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETU achieves a -76.65% return, which is significantly lower than BITU's -58.07% return.

ETU

• 1D: -8.42%
• 1M: -38.50%
• YTD: -76.65%
• 6M: -76.71%
• 1Y: -72.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITU

• 1D: -6.41%
• 1M: -34.27%
• YTD: -58.07%
• 6M: -58.34%
• 1Y: -74.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETU vs. BITU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ETU T-Rex 2X Long Ether Daily Target ETF	-76.65%	-62.44%	53.26%
BITU Proshares Ultra Bitcoin ETF	-58.07%	-37.07%	77.85%

Correlation

The correlation between ETU and BITU is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (All Time) Calculated using the full available price history since Oct 24, 2024	0.82

The correlation between ETU and BITU has been stable across timeframes, ranging from 0.82 to 0.88 - a consistent structural relationship.

Return for Risk

ETU vs. BITU — Risk / Return Rank

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

ETU

ETU Risk / Return Rank: 4
ETU Sharpe Ratio Rank: 5
ETU Sortino Ratio Rank: 6
ETU Omega Ratio Rank: 6
ETU Calmar Ratio Rank: 2
ETU Martin Ratio Rank: 4

BITU

BITU Risk / Return Rank: 2
BITU Sharpe Ratio Rank: 2
BITU Sortino Ratio Rank: 2
BITU Omega Ratio Rank: 2
BITU Calmar Ratio Rank: 1
BITU Martin Ratio Rank: 1

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.

ETU vs. BITU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long Ether Daily Target ETF (ETU) and Proshares Ultra Bitcoin ETF (BITU). 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.

	ETU	BITU	Difference
Sharpe ratio: Return per unit of total volatility	-0.53	-0.84	+0.31
Sortino ratio: Return per unit of downside risk	-0.37	-1.46	+1.10
Omega ratio: Gain probability vs. loss probability	0.96	0.84	+0.12
Calmar ratio: Return relative to maximum drawdown	-0.78	-0.90	+0.12
Martin ratio: Return relative to average drawdown	-1.12	-1.40	+0.28

ETU vs. BITU - Sharpe Ratio Comparison

The current ETU Sharpe Ratio is -0.53, which is higher than the BITU Sharpe Ratio of -0.84. The chart below compares the historical Sharpe Ratios of ETU and BITU, 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

ETU vs. BITU - Drawdown Comparison

The maximum ETU drawdown since its inception was -94.77%, which is greater than BITU's maximum drawdown of -82.21%. Use the drawdown chart below to compare losses from any high point for ETU and BITU.

Drawdown Indicators

	ETU	BITU	Difference
Max Drawdown Largest peak-to-trough decline	-94.77%	-82.21%	-12.56%
Max Drawdown (1Y) Largest decline over 1 year	-93.62%	-82.21%	-11.41%
Current Drawdown Current decline from peak	-94.32%	-81.25%	-13.07%
Average Drawdown Average peak-to-trough decline	-63.23%	-35.50%	-27.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	65.25%	53.05%	+12.20%

Volatility

ETU vs. BITU - Volatility Comparison

T-Rex 2X Long Ether Daily Target ETF (ETU) has a higher volatility of 40.95% compared to Proshares Ultra Bitcoin ETF (BITU) at 26.20%. This indicates that ETU's price experiences larger fluctuations and is considered to be riskier than BITU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETU	BITU	Difference
Volatility (1M) Calculated over the trailing 1-month period	40.95%	26.20%	+14.75%
Volatility (6M) Calculated over the trailing 6-month period	95.00%	69.81%	+25.19%
Volatility (1Y) Calculated over the trailing 1-year period	138.04%	88.13%	+49.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	146.26%	97.37%	+48.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	146.26%	97.37%	+48.89%

ETU vs. BITU - Expense Ratio Comparison

Both ETU and BITU have an expense ratio of 0.95%.

Dividends

ETU vs. BITU - Dividend Comparison

ETU's dividend yield for the trailing twelve months is around 0.01%, less than BITU's 93.59% yield.

Position	TTM	2025	2024
BITU Proshares Ultra Bitcoin ETF	93.59%	50.23%	0.12%
ETU T-Rex 2X Long Ether Daily Target ETF	0.01%	0.00%	0.05%

Frequently Asked Questions

Can I hold both ETU and BITU in my portfolio?

ETU and BITU have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ETU or BITU?

ETU has higher volatility (40.95%) compared to BITU (26.20%). In terms of maximum drawdown, ETU dropped -94.77% vs BITU's -82.21%.

Which ETF is better, ETU or BITU?

On 1-year performance, ETU leads with -72.89% vs -74.19% for BITU. Both ETFs have the same 0.95% expense ratio. On volatility, BITU has been the lower-risk option at 26.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ETU or BITU?

Over the 1-year period, ETU has performed better with a -72.89% return vs -74.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ETU or BITU?

ETU and BITU have the same expense ratio: 0.95% per year.

Which ETF pays a higher dividend yield, ETU or BITU?

BITU has the higher dividend yield at 93.59%, compared with 0.01% for ETU.

What is the main difference between ETU and BITU?

ETU is categorized as Leveraged Cryptocurrency, while BITU is Cryptocurrency. They also come from different issuers: REX Shares and ProShares.

Which has better risk-adjusted returns?

ETU currently has the higher Sharpe Ratio (-0.53 vs -0.84), 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.