TXBC vs. BTRN

Last updated Jun 30, 2026

TXBC (21Shares FTSE Crypto 10 ex-BTC Index ETF) and BTRN (Global X Bitcoin Trend Strategy ETF) are both Cryptocurrency funds - TXBC tracks the FTSE Crypto 10 ex-BTC Index while BTRN tracks the CoinDesk Bitcoin Trend Indicator Futures Index. Both are passively managed. At a 0.47 correlation, their price movements are largely independent.

Performance

TXBC vs. BTRN - 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 Global X Bitcoin Trend Strategy ETF (BTRN). 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 BTRN's -10.63% return.

TXBC

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

BTRN

• 1D: -0.03%
• 1M: -7.03%
• YTD: -10.63%
• 6M: -10.63%
• 1Y: -18.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TXBC vs. BTRN - Yearly Performance Comparison

	2026 (YTD)	2025
TXBC 21Shares FTSE Crypto 10 ex-BTC Index ETF	-40.49%	-18.07%
BTRN Global X Bitcoin Trend Strategy ETF	-10.63%	-0.44%

Correlation

The correlation between TXBC and BTRN is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 13, 2025	0.47

Return for Risk

TXBC vs. BTRN — 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.

BTRN

BTRN Risk / Return Rank: 3
BTRN Sharpe Ratio Rank: 1
BTRN Sortino Ratio Rank: 2
BTRN Omega Ratio Rank: 1
BTRN Calmar Ratio Rank: 3
BTRN Martin Ratio Rank: 4

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. BTRN - 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 Global X Bitcoin Trend Strategy ETF (BTRN). 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	BTRN	Difference
Sharpe ratio: Return per unit of total volatility	—	-1.02	—
Sortino ratio: Return per unit of downside risk	—	-1.36	—
Omega ratio: Gain probability vs. loss probability	—	0.81	—
Calmar ratio: Return relative to maximum drawdown	—	-0.71	—
Martin ratio: Return relative to average drawdown	—	-1.17	—

Drawdowns

TXBC vs. BTRN - Drawdown Comparison

The maximum TXBC drawdown since its inception was -53.45%, which is greater than BTRN's maximum drawdown of -36.97%. Use the drawdown chart below to compare losses from any high point for TXBC and BTRN.

Drawdown Indicators

	TXBC	BTRN	Difference
Max Drawdown Largest peak-to-trough decline	-53.45%	-36.97%	-16.48%
Max Drawdown (1Y) Largest decline over 1 year	—	-26.45%	—
Current Drawdown Current decline from peak	-51.25%	-26.40%	-24.85%
Average Drawdown Average peak-to-trough decline	-31.59%	-14.72%	-16.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	16.08%	—

Volatility

Volatility by Period

	TXBC	BTRN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.65%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.21%	—
Volatility (1Y) Calculated over the trailing 1-year period	62.86%	18.50%	+44.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.86%	30.51%	+32.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.86%	30.51%	+32.35%

Dividends

TXBC vs. BTRN - Dividend Comparison

TXBC has not paid dividends to shareholders, while BTRN's dividend yield for the trailing twelve months is around 31.41%.

Position	TTM	2025	2024
BTRN Global X Bitcoin Trend Strategy ETF	31.41%	27.76%	2.56%
TXBC 21Shares FTSE Crypto 10 ex-BTC Index ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TXBC and BTRN in my portfolio?

TXBC and BTRN have a correlation of 0.47, 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 BTRN?

BTRN has the higher dividend yield at 31.41%, compared with 0.00% for TXBC.

What is the main difference between TXBC and BTRN?

TXBC tracks FTSE Crypto 10 ex-BTC Index, while BTRN tracks CoinDesk Bitcoin Trend Indicator Futures Index. They also come from different issuers: 21Shares and Global X.