XMAG vs. BTC-USD

Last updated Apr 3, 2026

Compare and contrast key facts about Defiance Large Cap ex-Mag 7 ETF (XMAG) and Bitcoin (BTC-USD).

XMAG is a passively managed fund by Defiance that tracks the performance of the BITA US 500 ex Magnificent 7 Index. It was launched on Oct 21, 2024.

Performance

XMAG vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Large Cap ex-Mag 7 ETF (XMAG) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

XMAG vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XMAG Defiance Large Cap ex-Mag 7 ETF	-0.77%	15.63%	-1.67%
BTC-USD Bitcoin	-23.70%	-6.27%	38.55%

Returns By Period

In the year-to-date period, XMAG achieves a -0.77% return, which is significantly higher than BTC-USD's -23.70% return.

XMAG

• 1D: 0.39%
• 1M: -2.85%
• YTD: -0.77%
• 6M: 1.11%
• 1Y: 13.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTC-USD

• 1D: -1.99%
• 1M: -2.31%
• YTD: -23.70%
• 6M: -44.66%
• 1Y: -19.07%
• 3Y*: 33.89%
• 5Y*: 3.18%
• 10Y*: 66.03%

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

Return for Risk

XMAG vs. BTC-USD — Risk / Return Rank

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

XMAG

XMAG Risk / Return Rank: 45
XMAG Sharpe Ratio Rank: 41
XMAG Sortino Ratio Rank: 42
XMAG Omega Ratio Rank: 45
XMAG Calmar Ratio Rank: 41
XMAG Martin Ratio Rank: 54

BTC-USD

BTC-USD Risk / Return Rank: 39
BTC-USD Sharpe Ratio Rank: 66
BTC-USD Sortino Ratio Rank: 60
BTC-USD Omega Ratio Rank: 59
BTC-USD Calmar Ratio Rank: 12
BTC-USD Martin Ratio Rank: 0

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.

XMAG vs. BTC-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Large Cap ex-Mag 7 ETF (XMAG) and Bitcoin (BTC-USD). 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.

	XMAG	BTC-USD	Difference
Sharpe ratio Return per unit of total volatility	0.84	-0.43	+1.28
Sortino ratio Return per unit of downside risk	1.28	-0.36	+1.64
Omega ratio Gain probability vs. loss probability	1.19	0.96	+0.23
Calmar ratio Return relative to maximum drawdown	1.29	-1.14	+2.43
Martin ratio Return relative to average drawdown	6.20	-2.03	+8.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XMAG vs. BTC-USD - Sharpe Ratio Comparison

The current XMAG Sharpe Ratio is 0.84, which is higher than the BTC-USD Sharpe Ratio of -0.43. The chart below compares the historical Sharpe Ratios of XMAG and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XMAG	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.84	-0.43	+1.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.06	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	1.18	-0.61

Correlation

The correlation between XMAG and BTC-USD is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

XMAG vs. BTC-USD - Drawdown Comparison

The maximum XMAG drawdown since its inception was -16.17%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for XMAG and BTC-USD.

Drawdown Indicators

	XMAG	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-16.17%	-85.30%	+69.13%
Max Drawdown (1Y) Largest decline over 1 year	-7.57%	-49.65%	+42.08%
Max Drawdown (5Y) Largest decline over 5 years	—	-76.67%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-83.80%	—
Current Drawdown Current decline from peak	-4.14%	-46.47%	+42.33%
Average Drawdown Average peak-to-trough decline	-2.31%	-42.00%	+39.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.34%	27.75%	-25.41%

Volatility

XMAG vs. BTC-USD - Volatility Comparison

The current volatility for Defiance Large Cap ex-Mag 7 ETF (XMAG) is 4.52%, while Bitcoin (BTC-USD) has a volatility of 13.70%. This indicates that XMAG experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XMAG	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.52%	13.70%	-9.18%
Volatility (6M) Calculated over the trailing 6-month period	8.70%	35.96%	-27.26%
Volatility (1Y) Calculated over the trailing 1-year period	16.33%	36.69%	-20.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.44%	46.91%	-31.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.44%	56.71%	-41.27%