TXXH vs. BTCL

Last updated Jul 21, 2026

TXXH (21Shares 2x Long HYPE ETF) and BTCL (T-REX 2X Long Bitcoin Daily Target ETF) are both Leveraged Cryptocurrency funds. Both are actively managed. A 0.52 correlation means they provide meaningful diversification when combined. TXXH charges 1.89%/yr vs 0.95%/yr for BTCL.

Performance

TXXH vs. BTCL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 21Shares 2x Long HYPE ETF (TXXH) and T-REX 2X Long Bitcoin Daily Target ETF (BTCL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TXXH

• 1D: 5.88%
• 1M: -23.74%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

BTCL

• 1D: 2.83%
• 1M: 4.89%
• 6M: -62.30%
• YTD: -55.47%
• 1Y: -79.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -26.08%

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

TXXH vs. BTCL - Yearly Performance Comparison

	2026 (YTD)
TXXH 21Shares 2x Long HYPE ETF	75.39%
BTCL T-REX 2X Long Bitcoin Daily Target ETF	-30.57%

Correlation

The correlation between TXXH and BTCL is 0.52, 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 Apr 30, 2026	0.52

Return for Risk

TXXH vs. BTCL — Risk / Return Rank

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

TXXH

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

BTCL

BTCL Risk / Return Rank: 1
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) 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.

TXXH vs. BTCL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares 2x Long HYPE ETF (TXXH) 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.

	TXXH	BTCL	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.90	—
Sortino ratio: Return per unit of downside risk	—	-1.76	—
Omega ratio: Gain probability vs. loss probability	—	0.81	—
Calmar ratio: Return relative to maximum drawdown	—	-0.94	—
Martin ratio: Return relative to average drawdown	—	-1.36	—

Drawdowns

TXXH vs. BTCL - Drawdown Comparison

The maximum TXXH drawdown since its inception was -50.46%, smaller than the maximum BTCL drawdown of -84.01%. Use the drawdown chart below to compare losses from any high point for TXXH and BTCL.

Drawdown Indicators

	TXXH	BTCL	Difference
Max Drawdown Largest peak-to-trough decline	-50.46%	-84.01%	+33.55%
Max Drawdown (1Y) Largest decline over 1 year	—	-84.01%	—
Current Drawdown Current decline from peak	-42.35%	-80.64%	+38.29%
Average Drawdown Average peak-to-trough decline	-20.04%	-36.99%	+16.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	58.01%	—

Volatility

Volatility by Period

	TXXH	BTCL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	21.04%	—
Volatility (6M) Calculated over the trailing 6-month period	—	69.89%	—
Volatility (1Y) Calculated over the trailing 1-year period	182.69%	88.57%	+94.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	182.69%	96.85%	+85.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	182.69%	96.85%	+85.84%

TXXH vs. BTCL - Expense Ratio Comparison

TXXH has a 1.89% expense ratio, which is higher than BTCL's 0.95% expense ratio.

Dividends

TXXH vs. BTCL - Dividend Comparison

TXXH has not paid dividends to shareholders, while BTCL's dividend yield for the trailing twelve months is around 3.81%.

Position	TTM	2025	2024
BTCL T-REX 2X Long Bitcoin Daily Target ETF	3.81%	1.70%	4.35%
TXXH 21Shares 2x Long HYPE ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TXXH and BTCL in my portfolio?

TXXH and BTCL have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TXXH or BTCL?

On fees, BTCL 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, TXXH or BTCL?

BTCL is cheaper with a 0.95% expense ratio, compared with 1.89% for TXXH.

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

BTCL has the higher dividend yield at 3.81%, compared with 0.00% for TXXH.

What is the main difference between TXXH and BTCL?

They also come from different issuers: 21Shares and REX. Their fees differ too: 1.89% for TXXH and 0.95% for BTCL.