WTID vs. BTCL

Last updated Jun 24, 2026

WTID (MicroSectors Energy -3X Inverse Leveraged ETN) and BTCL (T-REX 2X Long Bitcoin Daily Target ETF) are both exchange-traded funds - WTID is a Inverse Equities fund tracking the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%), while BTCL is a Leveraged Cryptocurrency fund actively managed by REX. WTID is passively managed, while BTCL is actively managed. Over the past year, WTID returned -61.42% vs -75.26% for BTCL. At a correlation of -0.11, they often move in opposite directions. Both charge a 0.95% expense ratio.

Performance

WTID vs. BTCL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors Energy -3X Inverse Leveraged ETN (WTID) and T-REX 2X Long Bitcoin Daily Target ETF (BTCL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WTID achieves a -53.52% return, which is significantly higher than BTCL's -58.31% return.

WTID

• 1D: -1.82%
• 1M: 20.85%
• YTD: -53.52%
• 6M: -54.10%
• 1Y: -61.42%
• 3Y*: -46.15%
• 5Y*: —
• 10Y*: —

BTCL

• 1D: -6.31%
• 1M: -34.40%
• YTD: -58.31%
• 6M: -58.78%
• 1Y: -75.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WTID vs. BTCL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WTID MicroSectors Energy -3X Inverse Leveraged ETN	-53.52%	-44.50%	19.33%
BTCL T-REX 2X Long Bitcoin Daily Target ETF	-58.31%	-39.52%	101.29%

Correlation

The correlation between WTID and BTCL is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.06
Correlation (All Time) Calculated using the full available price history since Jul 10, 2024	-0.11

Return for Risk

WTID vs. BTCL — Risk / Return Rank

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

WTID

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

BTCL

BTCL Risk / Return Rank: 2
BTCL Sharpe Ratio Rank: 2
BTCL Sortino Ratio Rank: 1
BTCL Omega Ratio Rank: 2
BTCL Calmar Ratio Rank: 1
BTCL 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.

WTID vs. BTCL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors Energy -3X Inverse Leveraged ETN (WTID) 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.

	WTID	BTCL	Difference
Sharpe ratio: Return per unit of total volatility	-0.92	-0.85	-0.06
Sortino ratio: Return per unit of downside risk	-1.53	-1.52	0.00
Omega ratio: Gain probability vs. loss probability	0.84	0.83	+0.01
Calmar ratio: Return relative to maximum drawdown	-0.82	-0.91	+0.09
Martin ratio: Return relative to average drawdown	-1.40	-1.40	0.00

WTID vs. BTCL - Sharpe Ratio Comparison

The current WTID Sharpe Ratio is -0.92, which is comparable to the BTCL Sharpe Ratio of -0.85. The chart below compares the historical Sharpe Ratios of WTID and BTCL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WTID vs. BTCL - Drawdown Comparison

The maximum WTID drawdown since its inception was -90.35%, which is greater than BTCL's maximum drawdown of -82.70%. Use the drawdown chart below to compare losses from any high point for WTID and BTCL.

Drawdown Indicators

	WTID	BTCL	Difference
Max Drawdown Largest peak-to-trough decline	-90.35%	-82.70%	-7.65%
Max Drawdown (1Y) Largest decline over 1 year	-74.87%	-82.70%	+7.83%
Max Drawdown (3Y) Largest decline over 3 years	-88.99%	—	—
Current Drawdown Current decline from peak	-86.31%	-81.88%	-4.43%
Average Drawdown Average peak-to-trough decline	-54.89%	-35.34%	-19.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	44.00%	53.71%	-9.71%

Volatility

WTID vs. BTCL - Volatility Comparison

The current volatility for MicroSectors Energy -3X Inverse Leveraged ETN (WTID) is 22.02%, while T-REX 2X Long Bitcoin Daily Target ETF (BTCL) has a volatility of 26.09%. This indicates that WTID experiences smaller price fluctuations and is considered to be less risky than BTCL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WTID	BTCL	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.02%	26.09%	-4.07%
Volatility (6M) Calculated over the trailing 6-month period	54.34%	70.06%	-15.72%
Volatility (1Y) Calculated over the trailing 1-year period	67.79%	88.39%	-20.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.49%	97.74%	-27.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.49%	97.74%	-27.25%

WTID vs. BTCL - Expense Ratio Comparison

Both WTID and BTCL have an expense ratio of 0.95%.

Dividends

WTID vs. BTCL - Dividend Comparison

WTID has not paid dividends to shareholders, while BTCL's dividend yield for the trailing twelve months is around 4.07%.

Position	TTM	2025	2024
BTCL T-REX 2X Long Bitcoin Daily Target ETF	4.07%	1.70%	4.35%
WTID MicroSectors Energy -3X Inverse Leveraged ETN	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WTID and BTCL in my portfolio?

WTID and BTCL have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WTID or BTCL?

BTCL has higher volatility (26.09%) compared to WTID (22.02%). In terms of maximum drawdown, WTID dropped -90.35% vs BTCL's -82.70%.

Which ETF is better, WTID or BTCL?

On 1-year performance, WTID leads with -61.42% vs -75.26% for BTCL. Both ETFs have the same 0.95% expense ratio. On volatility, WTID has been the lower-risk option at 22.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WTID or BTCL?

Over the 1-year period, WTID has performed better with a -61.42% return vs -75.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WTID or BTCL?

WTID and BTCL have the same expense ratio: 0.95% per year.

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

BTCL has the higher dividend yield at 4.07%, compared with 0.00% for WTID.

What is the main difference between WTID and BTCL?

WTID is categorized as Inverse Equities, while BTCL is Leveraged Cryptocurrency.

Which has better risk-adjusted returns?

BTCL currently has the higher Sharpe Ratio (-0.85 vs -0.92), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.