TXBC vs. BTCZ

Last updated Jun 30, 2026

TXBC (21Shares FTSE Crypto 10 ex-BTC Index ETF) and BTCZ (T-Rex 2X Inverse Bitcoin Daily Target ETF) are both Cryptocurrency funds. TXBC is passively managed, while BTCZ is actively managed. At a correlation of -0.92, they often move in opposite directions.

Performance

TXBC vs. BTCZ - Performance Comparison

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

Returns By Period

In the year-to-date period, TXBC achieves a -40.49% return, which is significantly lower than BTCZ's 49.64% return.

TXBC

• 1D: 1.93%
• 1M: -16.89%
• YTD: -40.49%
• 6M: -40.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTCZ

• 1D: -2.78%
• 1M: 40.00%
• YTD: 49.64%
• 6M: 48.24%
• 1Y: 80.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TXBC vs. BTCZ - Yearly Performance Comparison

	2026 (YTD)	2025
TXBC 21Shares FTSE Crypto 10 ex-BTC Index ETF	-40.49%	-18.07%
BTCZ T-Rex 2X Inverse Bitcoin Daily Target ETF	49.64%	24.76%

Correlation

The correlation between TXBC and BTCZ is -0.92, 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 Nov 13, 2025	-0.92

Return for Risk

TXBC vs. BTCZ — Risk / Return Rank

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

TXBC

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

BTCZ

BTCZ Risk / Return Rank: 31
BTCZ Sharpe Ratio Rank: 27
BTCZ Sortino Ratio Rank: 33
BTCZ Omega Ratio Rank: 30
BTCZ Calmar Ratio Rank: 36
BTCZ Martin Ratio Rank: 27

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.

TXBC vs. BTCZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares FTSE Crypto 10 ex-BTC Index ETF (TXBC) 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.

	TXBC	BTCZ	Difference
Sharpe ratio: Return per unit of total volatility	—	0.91	—
Sortino ratio: Return per unit of downside risk	—	1.66	—
Omega ratio: Gain probability vs. loss probability	—	1.20	—
Calmar ratio: Return relative to maximum drawdown	—	1.66	—
Martin ratio: Return relative to average drawdown	—	3.40	—

Drawdowns

TXBC vs. BTCZ - Drawdown Comparison

The maximum TXBC drawdown since its inception was -53.45%, smaller than the maximum BTCZ drawdown of -91.06%. Use the drawdown chart below to compare losses from any high point for TXBC and BTCZ.

Drawdown Indicators

	TXBC	BTCZ	Difference
Max Drawdown Largest peak-to-trough decline	-53.45%	-91.06%	+37.61%
Max Drawdown (1Y) Largest decline over 1 year	—	-49.02%	—
Current Drawdown Current decline from peak	-51.25%	-75.87%	+24.62%
Average Drawdown Average peak-to-trough decline	-31.59%	-73.69%	+42.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	23.83%	—

Volatility

Volatility by Period

	TXBC	BTCZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	27.43%	—
Volatility (6M) Calculated over the trailing 6-month period	—	68.88%	—
Volatility (1Y) Calculated over the trailing 1-year period	62.86%	89.07%	-26.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.86%	96.91%	-34.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.86%	96.91%	-34.05%

Dividends

TXBC vs. BTCZ - Dividend Comparison

TXBC 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%
TXBC 21Shares FTSE Crypto 10 ex-BTC Index ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TXBC and BTCZ in my portfolio?

TXBC and BTCZ have a correlation of -0.92, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

BTCZ has the higher dividend yield at 0.01%, compared with 0.00% for TXBC.

What is the main difference between TXBC and BTCZ?

They also come from different issuers: 21Shares and T-Rex.