ETU vs. GBTC
ETU (T-Rex 2X Long Ether Daily Target ETF) and GBTC (Grayscale Bitcoin Trust ETF) are both exchange-traded funds - ETU is a Leveraged Cryptocurrency fund actively managed by REX Shares, while GBTC is a Cryptocurrency fund tracking the CoinDesk Bitcoin Benchmark Rate Index. ETU is actively managed, while GBTC is passively managed. Over the past year, ETU returned -79.66% vs -41.68% for GBTC. Their correlation of 0.81 suggests significant overlap in exposure. ETU charges 0.95%/yr vs 1.50%/yr for GBTC.
Performance
ETU vs. GBTC - Performance Comparison
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Returns By Period
In the year-to-date period, ETU achieves a -78.52% return, which is significantly lower than GBTC's -31.54% return.
ETU
- 1D
- -23.27%
- 1M
- -57.18%
- YTD
- -78.52%
- 6M
- -80.03%
- 1Y
- -79.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GBTC
- 1D
- -5.15%
- 1M
- -26.07%
- YTD
- -31.54%
- 6M
- -33.05%
- 1Y
- -41.68%
- 3Y*
- 47.89%
- 5Y*
- 8.66%
- 10Y*
- 48.34%
ETU vs. GBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETU T-Rex 2X Long Ether Daily Target ETF | -78.52% | -62.44% | 50.47% |
GBTC Grayscale Bitcoin Trust ETF | -31.54% | -7.65% | 36.27% |
Correlation
The correlation between ETU and GBTC is 0.87, 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 | 0.87 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2024 | 0.81 |
The correlation between ETU and GBTC has been stable across timeframes, ranging from 0.81 to 0.87 - a consistent structural relationship.
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Return for Risk
ETU vs. GBTC — Risk / Return Rank
ETU
GBTC
ETU vs. GBTC - 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 Grayscale Bitcoin Trust ETF (GBTC). 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.
| ETU | GBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.85 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | -0.80 | -0.06 |
| Martin ratioReturn relative to average drawdown | -1.27 | -1.44 | +0.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ETU | GBTC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.58 | -0.95 | +0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.14 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.50 | 0.64 | -1.14 |
Drawdowns
ETU vs. GBTC - Drawdown Comparison
The maximum ETU drawdown since its inception was -94.77%, which is greater than GBTC's maximum drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for ETU and GBTC.
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Drawdown Indicators
| ETU | GBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.77% | -89.91% | -4.86% |
Max Drawdown (1Y)Largest decline over 1 year | -93.62% | -52.45% | -41.17% |
Max Drawdown (3Y)Largest decline over 3 years | — | -52.45% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -85.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.91% | — |
Current DrawdownCurrent decline from peak | -94.77% | -52.45% | -42.32% |
Average DrawdownAverage peak-to-trough decline | -62.55% | -43.44% | -19.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 62.61% | 28.99% | +33.62% |
Volatility
ETU vs. GBTC - Volatility Comparison
T-Rex 2X Long Ether Daily Target ETF (ETU) has a higher volatility of 30.99% compared to Grayscale Bitcoin Trust ETF (GBTC) at 9.88%. This indicates that ETU's price experiences larger fluctuations and is considered to be riskier than GBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETU | GBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.99% | 9.88% | +21.11% |
Volatility (6M)Calculated over the trailing 6-month period | 94.06% | 34.14% | +59.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 138.26% | 43.96% | +94.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 146.75% | 62.45% | +84.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 146.75% | 82.20% | +64.55% |
ETU vs. GBTC - Expense Ratio Comparison
ETU has a 0.95% expense ratio, which is lower than GBTC's 1.50% expense ratio.
Dividends
ETU vs. GBTC - Dividend Comparison
ETU's dividend yield for the trailing twelve months is around 0.01%, while GBTC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
ETU T-Rex 2X Long Ether Daily Target ETF | 0.01% | 0.00% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GBTC Grayscale Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 5.61% |
Frequently Asked Questions
ETU and GBTC have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETU has higher volatility (30.99%) compared to GBTC (9.88%). In terms of maximum drawdown, ETU dropped -94.77% vs GBTC's -89.91%.
On 1-year performance, GBTC leads with -41.68% vs -79.66% for ETU. On fees, ETU is cheaper at 0.95% per year. On volatility, GBTC has been the lower-risk option at 9.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GBTC has performed better with a -41.68% return vs -79.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ETU is cheaper with a 0.95% expense ratio, compared with 1.50% for GBTC.
ETU has the higher dividend yield at 0.01%, compared with 0.00% for GBTC.
ETU is categorized as Leveraged Cryptocurrency, while GBTC is Cryptocurrency. They also come from different issuers: REX Shares and Grayscale. Their fees differ too: 0.95% for ETU and 1.50% for GBTC.
ETU currently has the higher Sharpe Ratio (-0.58 vs -0.95), 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.
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