GLIV vs. BTCZ
GLIV (Grayscale Livepeer Trust (LPT)) and BTCZ (T-Rex 2X Inverse Bitcoin Daily Target ETF) are both Cryptocurrency funds. Both are actively managed. Over the past year, GLIV returned -73.83% vs 80.80% for BTCZ. At a correlation of -0.39, they often move in opposite directions.
Performance
GLIV vs. BTCZ - Performance Comparison
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Returns By Period
In the year-to-date period, GLIV achieves a -34.03% return, which is significantly lower than BTCZ's 49.64% return.
GLIV
- 1D
- 1.29%
- 1M
- -19.90%
- YTD
- -34.03%
- 6M
- -34.31%
- 1Y
- -73.83%
- 3Y*
- -32.91%
- 5Y*
- —
- 10Y*
- —
BTCZ
- 1D
- -2.78%
- 1M
- 40.00%
- YTD
- 49.64%
- 6M
- 48.24%
- 1Y
- 80.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLIV vs. BTCZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GLIV Grayscale Livepeer Trust (LPT) | -34.03% | -84.65% | -24.57% |
BTCZ T-Rex 2X Inverse Bitcoin Daily Target ETF | 49.64% | -29.11% | -76.45% |
Correlation
The correlation between GLIV and BTCZ is -0.45, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.45 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2024 | -0.39 |
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Return for Risk
GLIV vs. BTCZ — Risk / Return Rank
GLIV
BTCZ
GLIV vs. BTCZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Livepeer Trust (LPT) (GLIV) and T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ). 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.
| GLIV | BTCZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -2.38 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.20 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 1.66 | -2.53 |
| Martin ratioReturn relative to average drawdown | -1.21 | 3.40 | -4.61 |
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Drawdowns
GLIV vs. BTCZ - Drawdown Comparison
The maximum GLIV drawdown since its inception was -97.65%, which is greater than BTCZ's maximum drawdown of -91.06%. Use the drawdown chart below to compare losses from any high point for GLIV and BTCZ.
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Drawdown Indicators
| GLIV | BTCZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.65% | -91.06% | -6.59% |
Max Drawdown (1Y)Largest decline over 1 year | -84.40% | -49.02% | -35.38% |
Max Drawdown (3Y)Largest decline over 3 years | -97.65% | — | — |
Current DrawdownCurrent decline from peak | -97.47% | -75.87% | -21.60% |
Average DrawdownAverage peak-to-trough decline | -71.81% | -73.69% | +1.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 60.92% | 23.83% | +37.09% |
Volatility
GLIV vs. BTCZ - Volatility Comparison
The current volatility for Grayscale Livepeer Trust (LPT) (GLIV) is 24.08%, while T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ) has a volatility of 27.43%. This indicates that GLIV experiences smaller price fluctuations and is considered to be less risky than BTCZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLIV | BTCZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.08% | 27.43% | -3.35% |
Volatility (6M)Calculated over the trailing 6-month period | 71.59% | 68.88% | +2.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 124.52% | 89.07% | +35.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 174.97% | 96.91% | +78.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 174.97% | 96.91% | +78.06% |
Dividends
GLIV vs. BTCZ - Dividend Comparison
GLIV has not paid dividends to shareholders, while BTCZ's dividend yield for the trailing twelve months is around 0.01%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BTCZ T-Rex 2X Inverse Bitcoin Daily Target ETF | 0.01% | 0.02% | 0.08% |
GLIV Grayscale Livepeer Trust (LPT) | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GLIV and BTCZ have a correlation of -0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTCZ has higher volatility (27.43%) compared to GLIV (24.08%). In terms of maximum drawdown, GLIV dropped -97.65% vs BTCZ's -91.06%.
On 1-year performance, BTCZ leads with 80.80% vs -73.83% for GLIV. On volatility, GLIV has been the lower-risk option at 24.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BTCZ has performed better with a 80.80% return vs -73.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BTCZ has the higher dividend yield at 0.01%, compared with 0.00% for GLIV.
They also come from different issuers: Grayscale and T-Rex.
BTCZ currently has the higher Sharpe Ratio (0.91 vs -0.60), 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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