ETU vs. BITX

Last updated Jul 14, 2026

ETU (T-Rex 2X Long Ether Daily Target ETF) and BITX (2x Bitcoin Strategy ETF) are both exchange-traded funds - ETU is a Leveraged Cryptocurrency fund actively managed by REX Shares, while BITX is a Cryptocurrency fund tracking the S&P CME Bitcoin Futures Daily Roll Index (200%). ETU is actively managed, while BITX is passively managed. Over the past year, ETU returned -81.48% vs -80.34% for BITX. Their correlation of 0.82 suggests significant overlap in exposure. ETU charges 0.95%/yr vs 2.38%/yr for BITX.

Performance

ETU vs. BITX - 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 2x Bitcoin Strategy ETF (BITX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETU achieves a -73.80% return, which is significantly lower than BITX's -58.12% return.

ETU

• 1D: -1.95%
• 1M: 9.57%
• 6M: -75.88%
• YTD: -73.80%
• 1Y: -81.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITX

• 1D: -5.33%
• 1M: -6.13%
• 6M: -61.36%
• YTD: -58.12%
• 1Y: -80.34%
• 3Y*: 1.91%
• 5Y*: —
• 10Y*: —

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

ETU vs. BITX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ETU T-Rex 2X Long Ether Daily Target ETF	-73.80%	-62.44%	53.26%
BITX 2x Bitcoin Strategy ETF	-58.12%	-38.71%	75.76%

Correlation

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

Return for Risk

ETU vs. BITX — 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: 4
ETU Sortino Ratio Rank: 4
ETU Omega Ratio Rank: 4
ETU Calmar Ratio Rank: 2
ETU Martin Ratio Rank: 3

BITX

BITX Risk / Return Rank: 1
BITX Sharpe Ratio Rank: 2
BITX Sortino Ratio Rank: 1
BITX Omega Ratio Rank: 1
BITX Calmar Ratio Rank: 1
BITX 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. BITX - 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 2x Bitcoin Strategy ETF (BITX). 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	BITX	Difference
Sharpe ratio: Return per unit of total volatility	-0.60	-0.92	+0.32
Sortino ratio: Return per unit of downside risk	-0.79	-1.86	+1.08
Omega ratio: Gain probability vs. loss probability	0.91	0.80	+0.12
Calmar ratio: Return relative to maximum drawdown	-0.87	-0.96	+0.10
Martin ratio: Return relative to average drawdown	-1.19	-1.42	+0.24

ETU vs. BITX - Sharpe Ratio Comparison

The current ETU Sharpe Ratio is -0.60, which is higher than the BITX Sharpe Ratio of -0.92. The chart below compares the historical Sharpe Ratios of ETU and BITX, 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. BITX - Drawdown Comparison

The maximum ETU drawdown since its inception was -95.01%, which is greater than BITX's maximum drawdown of -83.45%. Use the drawdown chart below to compare losses from any high point for ETU and BITX.

Drawdown Indicators

	ETU	BITX	Difference
Max Drawdown Largest peak-to-trough decline	-95.01%	-83.45%	-11.56%
Max Drawdown (1Y) Largest decline over 1 year	-93.91%	-83.45%	-10.46%
Max Drawdown (3Y) Largest decline over 3 years	—	-83.45%	—
Current Drawdown Current decline from peak	-93.62%	-81.49%	-12.13%
Average Drawdown Average peak-to-trough decline	-64.18%	-33.35%	-30.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	68.58%	56.38%	+12.20%

Volatility

ETU vs. BITX - Volatility Comparison

T-Rex 2X Long Ether Daily Target ETF (ETU) has a higher volatility of 31.67% compared to 2x Bitcoin Strategy ETF (BITX) at 22.66%. This indicates that ETU's price experiences larger fluctuations and is considered to be riskier than BITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETU	BITX	Difference
Volatility (1M) Calculated over the trailing 1-month period	31.67%	22.66%	+9.01%
Volatility (6M) Calculated over the trailing 6-month period	95.15%	69.77%	+25.38%
Volatility (1Y) Calculated over the trailing 1-year period	136.22%	88.03%	+48.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	145.00%	97.79%	+47.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	145.00%	97.79%	+47.21%

ETU vs. BITX - Expense Ratio Comparison

ETU has a 0.95% expense ratio, which is lower than BITX's 2.38% expense ratio.

Dividends

ETU vs. BITX - Dividend Comparison

ETU's dividend yield for the trailing twelve months is around 0.01%, less than BITX's 33.37% yield.

Position	TTM	2025	2024
BITX 2x Bitcoin Strategy ETF	33.37%	21.69%	10.70%
ETU T-Rex 2X Long Ether Daily Target ETF	0.01%	0.00%	0.05%

Frequently Asked Questions

Can I hold both ETU and BITX in my portfolio?

ETU and BITX 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 BITX?

ETU has higher volatility (31.67%) compared to BITX (22.66%). In terms of maximum drawdown, ETU dropped -95.01% vs BITX's -83.45%.

Which ETF is better, ETU or BITX?

On 1-year performance, BITX leads with -80.34% vs -81.48% for ETU. On fees, ETU is cheaper at 0.95% per year. On volatility, BITX has been the lower-risk option at 22.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ETU or BITX?

Over the 1-year period, BITX has performed better with a -80.34% return vs -81.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ETU or BITX?

ETU is cheaper with a 0.95% expense ratio, compared with 2.38% for BITX.

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

BITX has the higher dividend yield at 33.37%, compared with 0.01% for ETU.

What is the main difference between ETU and BITX?

ETU is categorized as Leveraged Cryptocurrency, while BITX is Cryptocurrency. They also come from different issuers: REX Shares and Volatility Shares. Their fees differ too: 0.95% for ETU and 2.38% for BITX.

Which has better risk-adjusted returns?

ETU currently has the higher Sharpe Ratio (-0.60 vs -0.92), 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.