BHDG vs USAX
Comparison between Nicholas Bitcoin Tail ETF (BHDG, ETF) and Tradr 2X Long USAR Daily ETF (USAX, ETF).
BHDG vs USAX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
BHDG
$14M
USAX
$14M
Max Drawdown
Winner
BHDG
15.06%
USAX
77.92%
Sharpe Ratio
BHDG
-1.30
Winner
USAX
1.09
5Y Beta
Winner
BHDG
-0.87
USAX
7.55
BHDG vs USAX - Historical Returns
Returns include dividend reinvestment.
1M
Winner
BHDG
+4.02%
USAX
-40.78%
3M
BHDG
-6.82%
Winner
USAX
+0.19%
Max(CAGR)
BHDG
-26.99%
Winner
USAX
-5.73%
BHDG vs USAX - Annual Returns (2026 - 2026)
Returns include dividend reinvestment.
| Year | BHDG | USAX |
|---|---|---|
| 2026 | -6.82% | -2.33% |
BHDG vs USAX Drawdown Comparison
The maximum drawdown for BHDG was -15.06%, occurring on May 11, 2026. This drawdown has not yet recovered.
The maximum drawdown for USAX was -77.92%, occurring on Mar 30, 2026. This drawdown has not yet recovered.
The current BHDG drawdown is -10.60%. The current USAX drawdown is -59.21%.
| Rank | BHDG | USAX |
|---|---|---|
| #1 | -15.06% Mar 27, 2026 - May 11, 2026 | -77.92% Jan 26, 2026 - Mar 30, 2026 |
| #2 | -1.07% Mar 24, 2026 - Mar 26, 2026 | -15.99% Jan 14, 2026 - Jan 20, 2026 |
| #3 | -0.59% Mar 20, 2026 - Mar 24, 2026 | -0.00% Jan 20, 2026 - Jan 22, 2026 |
Correlation
Correlation between BHDG and USAX is -0.88 which considered as a strong negative correlation - the stocks tend to move in opposite directions.
-0.88
-101
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