ETU vs. BTCU

Last updated Jul 14, 2026

ETU (T-Rex 2X Long Ether Daily Target ETF) and BTCU (Direxion Daily Bitcoin Bull 2X ETF) are both Leveraged Cryptocurrency funds. Both are actively managed. Their correlation of 0.91 suggests significant overlap in exposure.

Performance

ETU vs. BTCU - 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 Direxion Daily Bitcoin Bull 2X ETF (BTCU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ETU

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

BTCU

• 1D: -5.39%
• 1M: -6.49%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETU vs. BTCU - Yearly Performance Comparison

	2026 (YTD)
ETU T-Rex 2X Long Ether Daily Target ETF	-31.77%
BTCU Direxion Daily Bitcoin Bull 2X ETF	-33.83%

Correlation

The correlation between ETU and BTCU is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	0.91

Return for Risk

ETU vs. BTCU — 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

BTCU

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

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. BTCU - 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 Direxion Daily Bitcoin Bull 2X ETF (BTCU). 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	BTCU	Difference
Sharpe ratio: Return per unit of total volatility	-0.60	—	—
Sortino ratio: Return per unit of downside risk	-0.79	—	—
Omega ratio: Gain probability vs. loss probability	0.91	—	—
Calmar ratio: Return relative to maximum drawdown	-0.87	—	—
Martin ratio: Return relative to average drawdown	-1.19	—	—

Drawdowns

ETU vs. BTCU - Drawdown Comparison

The maximum ETU drawdown since its inception was -95.01%, which is greater than BTCU's maximum drawdown of -40.67%. Use the drawdown chart below to compare losses from any high point for ETU and BTCU.

Drawdown Indicators

	ETU	BTCU	Difference
Max Drawdown Largest peak-to-trough decline	-95.01%	-40.67%	-54.34%
Max Drawdown (1Y) Largest decline over 1 year	-93.91%	—	—
Current Drawdown Current decline from peak	-93.62%	-33.96%	-59.66%
Average Drawdown Average peak-to-trough decline	-64.18%	-28.35%	-35.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	68.58%	—	—

Volatility

Volatility by Period

	ETU	BTCU	Difference
Volatility (1M) Calculated over the trailing 1-month period	31.67%	—	—
Volatility (6M) Calculated over the trailing 6-month period	95.15%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	136.22%	87.28%	+48.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	145.00%	87.28%	+57.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	145.00%	87.28%	+57.72%

Dividends

ETU vs. BTCU - Dividend Comparison

ETU's dividend yield for the trailing twelve months is around 0.01%, less than BTCU's 0.27% yield.

Position	TTM	2025	2024
BTCU Direxion Daily Bitcoin Bull 2X ETF	0.27%	0.00%	0.00%
ETU T-Rex 2X Long Ether Daily Target ETF	0.01%	0.00%	0.05%

Frequently Asked Questions

Can I hold both ETU and BTCU in my portfolio?

With a correlation of 0.91, ETU and BTCU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

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

BTCU has the higher dividend yield at 0.27%, compared with 0.01% for ETU.

What is the main difference between ETU and BTCU?

They also come from different issuers: REX Shares and Direxion.