EVMU vs. BTCU

Last updated Jul 17, 2026

EVMU (Direxion Daily Ether Bull 2X ETF) and BTCU (Direxion Daily Bitcoin Bull 2X ETF) are both Leveraged Cryptocurrency funds from Direxion. Both are actively managed. Their correlation of 0.93 suggests significant overlap in exposure.

Performance

EVMU vs. BTCU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Ether Bull 2X ETF (EVMU) and Direxion Daily Bitcoin Bull 2X ETF (BTCU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EVMU

• 1D: -5.45%
• 1M: 5.46%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTCU

• 1D: -2.32%
• 1M: -6.32%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EVMU vs. BTCU - Yearly Performance Comparison

	2026 (YTD)
EVMU Direxion Daily Ether Bull 2X ETF	-24.65%
BTCU Direxion Daily Bitcoin Bull 2X ETF	-29.64%

Correlation

The correlation between EVMU and BTCU is 0.93, 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	0.93

Return for Risk

EVMU vs. BTCU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Ether Bull 2X ETF (EVMU) 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.

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

Drawdowns

EVMU vs. BTCU - Drawdown Comparison

The maximum EVMU drawdown since its inception was -46.73%, which is greater than BTCU's maximum drawdown of -40.67%. Use the drawdown chart below to compare losses from any high point for EVMU and BTCU.

Drawdown Indicators

	EVMU	BTCU	Difference
Max Drawdown Largest peak-to-trough decline	-46.73%	-40.67%	-6.06%
Current Drawdown Current decline from peak	-24.65%	-29.78%	+5.13%
Average Drawdown Average peak-to-trough decline	-30.96%	-28.40%	-2.56%

Volatility

Volatility by Period

	EVMU	BTCU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	126.81%	86.91%	+39.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	126.81%	86.91%	+39.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	126.81%	86.91%	+39.90%

Dividends

EVMU vs. BTCU - Dividend Comparison

EVMU's dividend yield for the trailing twelve months is around 0.24%, less than BTCU's 0.25% yield.

Position	TTM
BTCU Direxion Daily Bitcoin Bull 2X ETF	0.25%
EVMU Direxion Daily Ether Bull 2X ETF	0.24%

Frequently Asked Questions

Can I hold both EVMU and BTCU in my portfolio?

With a correlation of 0.93, EVMU 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, EVMU or BTCU?

BTCU has the higher dividend yield at 0.25%, compared with 0.24% for EVMU.