BTFX vs GGLS
Comparison between CoinShares Bitcoin Leverage ETF (BTFX, ETF) and DIREXION DAILY GOOGL BEAR 1X SHARES (GGLS, ETF).
BTFX vs GGLS - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
BTFX
$12M
GGLS
$12M
Expense Ratio
BTFX
N/A
GGLS
1.02%
Max Drawdown
Winner
BTFX
62.26%
GGLS
83.50%
Sharpe Ratio
Winner
BTFX
-0.47
GGLS
-2.48
5Y Beta
BTFX
2.32
Winner
GGLS
-1.09
BTFX vs GGLS - Historical Returns
Returns include dividend reinvestment.
1M
BTFX
-3.08%
Winner
GGLS
+7.49%
3M
BTFX
-44.32%
Winner
GGLS
-17.29%
6M
BTFX
-31.97%
Winner
GGLS
-15.65%
1Y
Winner
BTFX
-45.71%
GGLS
-53.01%
Max(CAGR)
Winner
BTFX
+15.36%
GGLS
-29.52%
BTFX vs GGLS - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | BTFX | GGLS |
|---|---|---|
| 2026 | N/A | -14.09% |
| 2025 | -40.83% | -42.62% |
| 2024 | +101.59% | -27.17% |
| 2023 | N/A | -37.02% |
| 2022 | N/A | +19.63% |
BTFX vs GGLS Drawdown Comparison
The maximum drawdown for BTFX was -62.26%, occurring on Sep 6, 2024. Recovery took 169 trading sessions.
The maximum drawdown for GGLS was -81.22%, occurring on May 13, 2026. This drawdown has not yet recovered.
The current BTFX drawdown is -52.21%. The current GGLS drawdown is -79.03%.
| Rank | BTFX | GGLS |
|---|---|---|
| #1 | -62.26% Mar 13, 2024 - Nov 12, 2024 | -81.22% Nov 3, 2022 - May 13, 2026 |
| #2 | -59.08% Dec 17, 2024 - Nov 21, 2025 | -8.73% Sep 30, 2022 - Oct 27, 2022 |
| #3 | -17.53% Mar 4, 2024 - Mar 8, 2024 | -4.30% Oct 27, 2022 - Nov 1, 2022 |
| #4 | -16.59% Nov 22, 2024 - Dec 6, 2024 | -2.67% Sep 27, 2022 - Sep 30, 2022 |
| #5 | -11.23% Dec 6, 2024 - Dec 16, 2024 | -2.32% Sep 8, 2022 - Sep 13, 2022 |
| #6 | -5.32% Nov 13, 2024 - Nov 15, 2024 | -0.55% Sep 21, 2022 - Sep 23, 2022 |
| #7 | -3.34% Feb 22, 2024 - Feb 26, 2024 | -0.48% Sep 13, 2022 - Sep 15, 2022 |
| #8 | -2.28% Mar 11, 2024 - Mar 13, 2024 | -0.13% Sep 16, 2022 - Sep 20, 2022 |
| #9 | -0.18% Nov 15, 2024 - Nov 19, 2024 | N/A |
Correlation
Correlation between BTFX and GGLS is -0.24 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.24
-101
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