BPI vs ZETX

Comparison between GRAYSCALE BITCOIN PREMIUM INCOME ETF (BPI, ETF) and Defiance Daily Target 2x Long ZETA ETF (ZETX, ETF).

BPI vs ZETX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BPI(ETF)	ZETX(ETF)
Net Assets	$3.20M	$3.20M
Expense Ratio	0.65%	N/A
Max Drawdown	26.45%	44.78%
Sharpe Ratio	-3.88	0.76
5Y Beta	1.20	4.88

Net Assets

BPI

$3.20M

ZETX

$3.20M

Expense Ratio

BPI

0.65%

ZETX

N/A

Max Drawdown

Winner

BPI

26.45%

ZETX

44.78%

Sharpe Ratio

BPI

-3.88

Winner

ZETX

0.76

5Y Beta

Winner

BPI

1.20

ZETX

4.88

BPI vs ZETX - Historical Returns

Returns include dividend reinvestment.

Period	BPI	ZETX
1 month	-20.69%	+41.50%
3 months	N/A	+4.82%
Max(CAGR)	-77.48%	+12.79%

BPI

-20.69%

Winner

ZETX

+41.50%

BPI

N/A

ZETX

+4.82%

Max(CAGR)

BPI

-77.48%

Winner

ZETX

+12.79%

BPI vs ZETX - Annual Returns (2026 - 2026)

Returns include dividend reinvestment.

Year	BPI	ZETX
2026	-16.10%	+4.31%

BPI vs ZETX Drawdown Comparison

The maximum drawdown for BPI was -25.50%, occurring on Jun 5, 2026. This drawdown has not yet recovered.

The maximum drawdown for ZETX was -44.78%, occurring on Apr 10, 2026. Recovery took 57 trading sessions.

The current BPI drawdown is -21.53%. The current ZETX drawdown is -37.66%.

Rank	BPI	ZETX
#1	-25.50% May 11, 2026 - Jun 5, 2026	-44.78% Mar 9, 2026 - May 29, 2026
#2	-2.08% May 5, 2026 - May 11, 2026	-39.19% Jun 1, 2026 - Jun 10, 2026
#3	N/A	-29.94% Feb 4, 2026 - Feb 26, 2026
#4	N/A	-12.82% Feb 26, 2026 - Mar 4, 2026
#5	N/A	-1.18% Mar 5, 2026 - Mar 9, 2026