WZRD vs. BITK
WZRD (Opportunistic Trader ETF) and BITK (Tuttle Capital Bitcoin 0DTE Covered Call ETF) are both exchange-traded funds - WZRD is a Large Cap Blend Equities fund actively managed by Tuttle, while BITK is a Derivative Income fund actively managed by Tuttle. Both are actively managed. Their -0.03 correlation means they have often moved in opposite directions in the past. WZRD charges 1.07%/yr vs 0.99%/yr for BITK.
Performance
WZRD vs. BITK - Performance Comparison
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Returns By Period
In the year-to-date period, WZRD achieves a -95.64% return, which is significantly lower than BITK's -30.37% return.
WZRD
- 1D
- -24.11%
- 1M
- -66.67%
- 6M
- -94.79%
- YTD
- -95.64%
- 1Y
- -96.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -95.20%
BITK
- 1D
- 0.00%
- 1M
- 3.70%
- 6M
- -25.97%
- YTD
- -30.37%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $4.50K | $39.97K | |
| $53.22K | $31.27K | $34.05K |
WZRD vs. BITK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WZRD Opportunistic Trader ETF | -95.64% | -6.50% |
BITK Tuttle Capital Bitcoin 0DTE Covered Call ETF | -30.37% | -27.15% |
Correlation
The correlation between WZRD and BITK is -0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025 | -0.03 |
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Return for Risk
WZRD vs. BITK — Risk / Return Rank
WZRD
BITK
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
WZRD vs. BITK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Opportunistic Trader ETF (WZRD) and Tuttle Capital Bitcoin 0DTE Covered Call ETF (BITK). 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.
| WZRD | BITK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.54 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | — | — |
| Martin ratioReturn relative to average drawdown | -2.09 | — | — |
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Drawdowns
WZRD vs. BITK - Drawdown Comparison
The maximum WZRD drawdown since its inception was -96.46%, which is greater than BITK's maximum drawdown of -57.48%. Use the drawdown chart below to compare losses from any high point for WZRD and BITK.
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Drawdown Indicators
| WZRD | BITK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.46% | -57.48% | -38.98% |
Max Drawdown (1Y)Largest decline over 1 year | -96.46% | — | — |
Current DrawdownCurrent decline from peak | -96.46% | -53.75% | -42.71% |
Average DrawdownAverage peak-to-trough decline | -33.13% | -38.35% | +5.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.06% | — | — |
Volatility
WZRD vs. BITK - Volatility Comparison
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Volatility by Period
| WZRD | BITK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 70.52% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 99.00% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 96.72% | 46.91% | +49.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 92.69% | 46.91% | +45.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.69% | 46.91% | +45.78% |
WZRD vs. BITK - Expense Ratio Comparison
WZRD has a 1.07% expense ratio, which is higher than BITK's 0.99% expense ratio.
Dividends
WZRD vs. BITK - Dividend Comparison
WZRD's dividend yield for the trailing twelve months is around 29.54%, less than BITK's 49.49% yield.
| Position | TTM | 2025 |
|---|---|---|
BITK Tuttle Capital Bitcoin 0DTE Covered Call ETF | 49.49% | 23.15% |
WZRD Opportunistic Trader ETF | 29.54% | 1.29% |
Frequently Asked Questions
WZRD and BITK have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BITK is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BITK is cheaper with a 0.99% expense ratio, compared with 1.07% for WZRD.
BITK has the higher dividend yield at 49.49%, compared with 29.54% for WZRD.
WZRD is categorized as Large Cap Blend Equities, while BITK is Derivative Income. Their fees differ too: 1.07% for WZRD and 0.99% for BITK.
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