TDOT vs. BTCZ

Last updated Jun 6, 2026

TDOT (21Shares Polkadot ETF) and BTCZ (T-Rex 2X Inverse Bitcoin Daily Target ETF) are both Cryptocurrency funds. TDOT is passively managed, while BTCZ is actively managed. At a correlation of -0.61, they often move in opposite directions. TDOT charges 0.30%/yr vs 0.95%/yr for BTCZ.

Performance

TDOT vs. BTCZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 21Shares Polkadot ETF (TDOT) and T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TDOT

• 1D: -11.66%
• 1M: -28.35%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTCZ

• 1D: 10.70%
• 1M: 77.17%
• YTD: 54.87%
• 6M: 58.86%
• 1Y: 67.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TDOT vs. BTCZ - Yearly Performance Comparison

	2026 (YTD)
TDOT 21Shares Polkadot ETF	-36.65%
BTCZ T-Rex 2X Inverse Bitcoin Daily Target ETF	17.69%

Correlation

The correlation between TDOT and BTCZ is -0.61, 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 (All Time) Calculated using the full available price history since Mar 9, 2026	-0.61

Return for Risk

TDOT vs. BTCZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BTCZ

BTCZ Risk / Return Rank: 27
BTCZ Sharpe Ratio Rank: 23
BTCZ Sortino Ratio Rank: 30
BTCZ Omega Ratio Rank: 29
BTCZ Calmar Ratio Rank: 30
BTCZ Martin Ratio Rank: 23

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.

TDOT vs. BTCZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares Polkadot ETF (TDOT) 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.

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

Sharpe Ratios by Period

	TDOT	BTCZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.30	-0.53	-0.77

Drawdowns

TDOT vs. BTCZ - Drawdown Comparison

The maximum TDOT drawdown since its inception was -41.58%, smaller than the maximum BTCZ drawdown of -91.06%. Use the drawdown chart below to compare losses from any high point for TDOT and BTCZ.

Drawdown Indicators

	TDOT	BTCZ	Difference
Max Drawdown Largest peak-to-trough decline	-41.58%	-91.06%	+49.48%
Max Drawdown (1Y) Largest decline over 1 year	—	-49.02%	—
Current Drawdown Current decline from peak	-41.58%	-75.02%	+33.44%
Average Drawdown Average peak-to-trough decline	-18.52%	-73.73%	+55.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	25.77%	—

Volatility

Volatility by Period

	TDOT	BTCZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	18.81%	—
Volatility (6M) Calculated over the trailing 6-month period	—	67.75%	—
Volatility (1Y) Calculated over the trailing 1-year period	66.20%	88.13%	-21.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.20%	97.32%	-31.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.20%	97.32%	-31.12%

TDOT vs. BTCZ - Expense Ratio Comparison

TDOT has a 0.30% expense ratio, which is lower than BTCZ's 0.95% expense ratio.

Dividends

TDOT vs. BTCZ - Dividend Comparison

TDOT's dividend yield for the trailing twelve months is around 0.80%, more than BTCZ's 0.01% yield.

Position	TTM	2025	2024
BTCZ T-Rex 2X Inverse Bitcoin Daily Target ETF	0.01%	0.02%	0.08%
TDOT 21Shares Polkadot ETF	0.80%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TDOT and BTCZ in my portfolio?

TDOT and BTCZ have a correlation of -0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TDOT or BTCZ?

On fees, TDOT is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TDOT or BTCZ?

TDOT is cheaper with a 0.30% expense ratio, compared with 0.95% for BTCZ.

Which ETF pays a higher dividend yield, TDOT or BTCZ?

TDOT has the higher dividend yield at 0.80%, compared with 0.01% for BTCZ.

What is the main difference between TDOT and BTCZ?

They also come from different issuers: 21Shares and T-Rex. Their fees differ too: 0.30% for TDOT and 0.95% for BTCZ.