BTFX vs CRCD

Comparison between CoinShares Bitcoin Leverage ETF (BTFX, ETF) and T-REX 2X INVERSE CRCL DAILY TARGET ETF (CRCD, ETF).

BTFX vs CRCD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BTFX(ETF)	CRCD(ETF)
Net Assets	$12M	$12M
Max Drawdown	62.26%	96.95%
Sharpe Ratio	-0.47	0.13
5Y Beta	2.32	-6.42

Net Assets

BTFX

$12M

CRCD

$12M

Max Drawdown

Winner

BTFX

62.26%

CRCD

96.95%

Sharpe Ratio

BTFX

-0.47

Winner

CRCD

0.13

5Y Beta

BTFX

2.32

Winner

CRCD

-6.42

BTFX vs CRCD - Holdings Comparison

BTFX and CRCD have 0 common holdings. Overlap is 0.00%

BTFX's top 25 holdings weight is 25.59%. CRCD's top 25 holdings weight is 3.11%.

Rank	BTFX	CRCD
#1	FIRST AMERICAN TREASURY OBLIGS X (FXFXX) - 25.59%	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 3.11%
#2	N/A	N/A
#3	N/A	N/A
#4	N/A	N/A
#5	N/A	N/A
#6	N/A	N/A
#7	N/A	N/A
#8	N/A	N/A
#9	N/A	N/A
#10	N/A	N/A
#11	N/A	N/A
#12	N/A	N/A
#13	N/A	N/A
#14	N/A	N/A
#15	N/A	N/A
#16	N/A	N/A
#17	N/A	N/A
#18	N/A	N/A
#19	N/A	N/A
#20	N/A	N/A
#21	N/A	N/A
#22	N/A	N/A
#23	N/A	N/A
#24	N/A	N/A
#25	N/A	N/A
Total Holdings	1	1

BTFX vs CRCD - Historical Returns

Returns include dividend reinvestment.

Period	BTFX	CRCD
1 month	-3.08%	+53.19%
3 months	-44.32%	-28.41%
6 months	-31.97%	-84.75%
1 year	-45.71%	N/A
Max(CAGR)	+15.36%	-89.58%

BTFX

-3.08%

Winner

CRCD

+53.19%

BTFX

-44.32%

Winner

CRCD

-28.41%

Winner

BTFX

-31.97%

CRCD

-84.75%

BTFX

-45.71%

CRCD

N/A

Max(CAGR)

Winner

BTFX

+15.36%

CRCD

-89.58%

BTFX vs CRCD - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	BTFX	CRCD
2026	N/A	-83.46%
2025	-40.83%	+43.19%
2024	+101.59%	N/A

BTFX vs CRCD Drawdown Comparison

The maximum drawdown for BTFX was -62.26%, occurring on Sep 6, 2024. Recovery took 169 trading sessions.

The maximum drawdown for CRCD was -96.95%, occurring on May 11, 2026. This drawdown has not yet recovered.

The current BTFX drawdown is -52.21%. The current CRCD drawdown is -93.04%.

Rank	BTFX	CRCD
#1	-62.26% Mar 13, 2024 - Nov 12, 2024	-96.95% Feb 5, 2026 - May 11, 2026
#2	-59.08% Dec 17, 2024 - Nov 21, 2025	-52.60% Nov 20, 2025 - Feb 4, 2026
#3	-17.53% Mar 4, 2024 - Mar 8, 2024	-35.28% Sep 26, 2025 - Nov 4, 2025
#4	-16.59% Nov 22, 2024 - Dec 6, 2024	-8.38% Nov 6, 2025 - Nov 11, 2025
#5	-11.23% Dec 6, 2024 - Dec 16, 2024	-4.69% Nov 4, 2025 - Nov 6, 2025
#6	-5.32% Nov 13, 2024 - Nov 15, 2024	-0.23% Nov 17, 2025 - Nov 19, 2025
#7	-3.34% Feb 22, 2024 - Feb 26, 2024	N/A
#8	-2.28% Mar 11, 2024 - Mar 13, 2024	N/A
#9	-0.18% Nov 15, 2024 - Nov 19, 2024	N/A

Correlation

Correlation between BTFX and CRCD is -0.92 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-0.92

-101