TXXD vs. BITU

Last updated Jun 5, 2026

TXXD (21Shares 2x Long Dogecoin ETF) and BITU (Proshares Ultra Bitcoin ETF) are both exchange-traded funds - TXXD is a Leveraged Cryptocurrency fund actively managed by 21Shares, while BITU is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index - Benchmark TR Gross. TXXD is actively managed, while BITU is passively managed. A 0.79 correlation means they provide meaningful diversification when combined. TXXD charges 1.89%/yr vs 0.95%/yr for BITU.

Performance

TXXD vs. BITU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 21Shares 2x Long Dogecoin ETF (TXXD) and Proshares Ultra Bitcoin ETF (BITU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TXXD achieves a -60.16% return, which is significantly lower than BITU's -55.56% return.

TXXD

• 1D: -6.92%
• 1M: -41.96%
• YTD: -60.16%
• 6M: -76.88%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITU

• 1D: -5.61%
• 1M: -40.78%
• YTD: -55.56%
• 6M: -61.06%
• 1Y: -73.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TXXD vs. BITU - Yearly Performance Comparison

	2026 (YTD)	2025
TXXD 21Shares 2x Long Dogecoin ETF	-60.16%	-47.09%
BITU Proshares Ultra Bitcoin ETF	-55.56%	-1.11%

Correlation

The correlation between TXXD and BITU is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 21, 2025	0.79

Return for Risk

TXXD vs. BITU — Risk / Return Rank

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

BITU

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

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.

TXXD vs. BITU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares 2x Long Dogecoin ETF (TXXD) and Proshares Ultra Bitcoin ETF (BITU). 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

	TXXD	BITU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.63	-0.37	-0.27

Drawdowns

TXXD vs. BITU - Drawdown Comparison

The maximum TXXD drawdown since its inception was -80.18%, roughly equal to the maximum BITU drawdown of -80.13%. Use the drawdown chart below to compare losses from any high point for TXXD and BITU.

Drawdown Indicators

	TXXD	BITU	Difference
Max Drawdown Largest peak-to-trough decline	-80.18%	-80.13%	-0.05%
Max Drawdown (1Y) Largest decline over 1 year	—	-80.13%	—
Current Drawdown Current decline from peak	-80.18%	-80.13%	-0.05%
Average Drawdown Average peak-to-trough decline	-58.32%	-34.58%	-23.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	50.09%	—

Volatility

Volatility by Period

	TXXD	BITU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	18.31%	—
Volatility (6M) Calculated over the trailing 6-month period	—	68.43%	—
Volatility (1Y) Calculated over the trailing 1-year period	150.68%	87.07%	+63.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	150.68%	97.43%	+53.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	150.68%	97.43%	+53.25%

TXXD vs. BITU - Expense Ratio Comparison

TXXD has a 1.89% expense ratio, which is higher than BITU's 0.95% expense ratio.

Dividends

TXXD vs. BITU - Dividend Comparison

TXXD's dividend yield for the trailing twelve months is around 0.06%, less than BITU's 88.31% yield.

Position	TTM	2025	2024
BITU Proshares Ultra Bitcoin ETF	88.31%	50.23%	0.12%
TXXD 21Shares 2x Long Dogecoin ETF	0.06%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TXXD and BITU in my portfolio?

TXXD and BITU have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TXXD or BITU?

On fees, BITU is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TXXD or BITU?

BITU is cheaper with a 0.95% expense ratio, compared with 1.89% for TXXD.

Which ETF pays a higher dividend yield, TXXD or BITU?

BITU has the higher dividend yield at 88.31%, compared with 0.06% for TXXD.

What is the main difference between TXXD and BITU?

TXXD is categorized as Leveraged Cryptocurrency, while BITU is Cryptocurrency. They also come from different issuers: 21Shares and ProShares. Their fees differ too: 1.89% for TXXD and 0.95% for BITU.