TXXH vs. BTCU

Last updated Jul 18, 2026

TXXH (21Shares 2x Long HYPE ETF) and BTCU (Direxion Daily Bitcoin Bull 2X ETF) are both Leveraged Cryptocurrency funds. Both are actively managed. A 0.54 correlation means they provide meaningful diversification when combined.

Performance

TXXH vs. BTCU - Performance Comparison

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

Returns By Period

TXXH

• 1D: -7.02%
• 1M: -35.95%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTCU

• 1D: -0.21%
• 1M: -2.15%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TXXH vs. BTCU - Yearly Performance Comparison

	2026 (YTD)
TXXH 21Shares 2x Long HYPE ETF	-22.23%
BTCU Direxion Daily Bitcoin Bull 2X ETF	-29.79%

Correlation

The correlation between TXXH and BTCU is 0.54, 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 May 27, 2026	0.54

Return for Risk

TXXH vs. BTCU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares 2x Long HYPE ETF (TXXH) and Direxion Daily Bitcoin Bull 2X ETF (BTCU). 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.

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

Drawdowns

TXXH vs. BTCU - Drawdown Comparison

The maximum TXXH drawdown since its inception was -50.46%, which is greater than BTCU's maximum drawdown of -40.67%. Use the drawdown chart below to compare losses from any high point for TXXH and BTCU.

Drawdown Indicators

	TXXH	BTCU	Difference
Max Drawdown Largest peak-to-trough decline	-50.46%	-40.67%	-9.79%
Current Drawdown Current decline from peak	-45.55%	-29.93%	-15.62%
Average Drawdown Average peak-to-trough decline	-19.63%	-28.45%	+8.82%

Volatility

Volatility by Period

	TXXH	BTCU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	184.18%	85.67%	+98.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	184.18%	85.67%	+98.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	184.18%	85.67%	+98.51%

Dividends

TXXH vs. BTCU - Dividend Comparison

TXXH has not paid dividends to shareholders, while BTCU's dividend yield for the trailing twelve months is around 0.25%.

Position	TTM
BTCU Direxion Daily Bitcoin Bull 2X ETF	0.25%
TXXH 21Shares 2x Long HYPE ETF	0.00%

Frequently Asked Questions

Can I hold both TXXH and BTCU in my portfolio?

TXXH and BTCU have a correlation of 0.54, 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, TXXH or BTCU?

BTCU has the higher dividend yield at 0.25%, compared with 0.00% for TXXH.

What is the main difference between TXXH and BTCU?

They also come from different issuers: 21Shares and Direxion.