OILD vs. BTCL

Last updated Aug 5, 2026

OILD (MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs) and BTCL (T-REX 2X Long Bitcoin Daily Target ETF) are both exchange-traded funds - OILD is a Inverse Equities fund tracking the Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%), while BTCL is a Leveraged Cryptocurrency fund actively managed by REX. OILD is passively managed, while BTCL is actively managed. Over the past year, OILD returned -70.97% vs -78.65% for BTCL. Their -0.10 correlation means they have often moved in opposite directions in the past. Both charge a 0.95% expense ratio.

Performance

OILD vs. BTCL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) and T-REX 2X Long Bitcoin Daily Target ETF (BTCL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OILD achieves a -62.98% return, which is significantly lower than BTCL's -56.96% return.

OILD

• 1D: 1.27%
• 1M: -27.98%
• 6M: -43.08%
• YTD: -62.98%
• 1Y: -70.97%
• 3Y*: -42.92%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -58.87%

BTCL

• 1D: 1.30%
• 1M: 7.51%
• 6M: -41.67%
• YTD: -56.96%
• 1Y: -78.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -26.85%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BTCL T-REX 2X Long Bitcoin Daily Target ETF	$864.64K	$868.11K	$1.24M
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs	$2.68M	$2.54M	$3.73M

OILD vs. BTCL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs	-62.98%	-41.67%	7.12%
BTCL T-REX 2X Long Bitcoin Daily Target ETF	-56.96%	-39.52%	101.29%

Correlation

The correlation between OILD and BTCL is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.02
Correlation (All Time) Calculated using the full available price history since Jul 10, 2024	-0.10

Return for Risk

OILD vs. BTCL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

OILD

OILD Risk / Return Rank: 1
OILD Sharpe Ratio Rank: 1
OILD Sortino Ratio Rank: 0
OILD Omega Ratio Rank: 1
OILD Calmar Ratio Rank: 1
OILD Martin Ratio Rank: 1

BTCL

BTCL Risk / Return Rank: 2
BTCL Sharpe Ratio Rank: 2
BTCL Sortino Ratio Rank: 1
BTCL Omega Ratio Rank: 1
BTCL Calmar Ratio Rank: 1
BTCL Martin Ratio Rank: 2

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

OILD vs. BTCL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) and T-REX 2X Long Bitcoin Daily Target ETF (BTCL). 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.

	OILD	BTCL	Difference
Sharpe ratio: Return per unit of total volatility	-1.12	-0.89	-0.23
Sortino ratio: Return per unit of downside risk	-2.25	-1.73	-0.52
Omega ratio: Gain probability vs. loss probability	0.77	0.81	-0.04
Calmar ratio: Return relative to maximum drawdown	-0.95	-0.94	-0.02
Martin ratio: Return relative to average drawdown	-1.42	-1.30	-0.12

OILD vs. BTCL - Sharpe Ratio Comparison

The current OILD Sharpe Ratio is -1.12, which is comparable to the BTCL Sharpe Ratio of -0.89. The chart below compares the historical Sharpe Ratios of OILD and BTCL, 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

OILD vs. BTCL - Drawdown Comparison

The maximum OILD drawdown since its inception was -98.90%, which is greater than BTCL's maximum drawdown of -84.01%. Use the drawdown chart below to compare losses from any high point for OILD and BTCL.

Drawdown Indicators

	OILD	BTCL	Difference
Max Drawdown Largest peak-to-trough decline	-98.90%	-84.01%	-14.89%
Max Drawdown (1Y) Largest decline over 1 year	-74.53%	-84.01%	+9.48%
Max Drawdown (3Y) Largest decline over 3 years	-85.42%	—	—
Current Drawdown Current decline from peak	-98.80%	-81.29%	-17.51%
Average Drawdown Average peak-to-trough decline	-88.92%	-37.93%	-50.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	50.00%	60.42%	-10.42%

Volatility

OILD vs. BTCL - Volatility Comparison

MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) has a higher volatility of 20.27% compared to T-REX 2X Long Bitcoin Daily Target ETF (BTCL) at 16.06%. This indicates that OILD's price experiences larger fluctuations and is considered to be riskier than BTCL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OILD	BTCL	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.27%	16.06%	+4.21%
Volatility (6M) Calculated over the trailing 6-month period	50.12%	66.67%	-16.55%
Volatility (1Y) Calculated over the trailing 1-year period	63.36%	88.55%	-25.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.04%	96.09%	-17.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.04%	96.09%	-17.05%

OILD vs. BTCL - Expense Ratio Comparison

Both OILD and BTCL have an expense ratio of 0.95%.

Dividends

OILD vs. BTCL - Dividend Comparison

OILD has not paid dividends to shareholders, while BTCL's dividend yield for the trailing twelve months is around 3.94%.

Position	TTM	2025	2024
BTCL T-REX 2X Long Bitcoin Daily Target ETF	3.94%	1.70%	4.35%
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OILD and BTCL in my portfolio?

OILD and BTCL have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OILD or BTCL?

OILD has higher volatility (20.27%) compared to BTCL (16.06%). In terms of maximum drawdown, OILD dropped -98.90% vs BTCL's -84.01%.

Which ETF is better, OILD or BTCL?

On 1-year performance, OILD leads with -70.97% vs -78.65% for BTCL. Both ETFs have the same 0.95% expense ratio. On volatility, BTCL has been the lower-risk option at 16.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OILD or BTCL?

Over the 1-year period, OILD has performed better with a -70.97% return vs -78.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OILD or BTCL?

OILD and BTCL have the same expense ratio: 0.95% per year.

Which ETF pays a higher dividend yield, OILD or BTCL?

BTCL has the higher dividend yield at 3.94%, compared with 0.00% for OILD.

What is the main difference between OILD and BTCL?

OILD is categorized as Inverse Equities, while BTCL is Leveraged Cryptocurrency.

Which has better risk-adjusted returns?

BTCL currently has the higher Sharpe Ratio (-0.89 vs -1.12), 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.