MRNX vs BITK

Comparison between DEFIANCE DAILY TARGET 2X ETF (MRNX, ETF) and TUTTLE CAPITAL BITCOIN 0DTE COVERED CALL ETF (BITK, ETF).

MRNX vs BITK - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MRNX(ETF)	BITK(ETF)
Net Assets	$2.30M	$2.30M
Expense Ratio	N/A	0.99%
Max Drawdown	45.00%	64.65%
Sharpe Ratio	0.81	-1.75
5Y Beta	4.11	1.97

Net Assets

MRNX

$2.30M

BITK

$2.30M

Expense Ratio

MRNX

N/A

BITK

0.99%

Max Drawdown

Winner

MRNX

45.00%

BITK

64.65%

Sharpe Ratio

Winner

MRNX

0.81

BITK

-1.75

5Y Beta

MRNX

4.11

Winner

BITK

1.97

MRNX vs BITK - Historical Returns

Returns include dividend reinvestment.

Period	MRNX	BITK
1 month	+8.34%	-13.87%
3 months	-15.89%	-9.78%
6 months	N/A	-26.93%
Max(CAGR)	+73.29%	-58.46%

Winner

MRNX

+8.34%

BITK

-13.87%

MRNX

-15.89%

Winner

BITK

-9.78%

MRNX

N/A

BITK

-26.93%

Max(CAGR)

Winner

MRNX

+73.29%

BITK

-58.46%

MRNX vs BITK - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	MRNX	BITK
2026	+21.80%	-29.17%
2025	N/A	-27.08%

MRNX vs BITK Drawdown Comparison

The maximum drawdown for MRNX was -45.00%, occurring on Jun 10, 2026. This drawdown has not yet recovered.

The maximum drawdown for BITK was -56.24%, occurring on Jun 5, 2026. This drawdown has not yet recovered.

The current MRNX drawdown is -30.00%. The current BITK drawdown is -51.68%.

Rank	MRNX	BITK
#1	-45.00% Mar 4, 2026 - Jun 10, 2026	-56.24% Oct 7, 2025 - Jun 5, 2026
#2	-13.64% Feb 27, 2026 - Mar 4, 2026	-3.49% Sep 24, 2025 - Sep 29, 2025
#3	-12.79% Feb 4, 2026 - Feb 17, 2026	N/A

Correlation

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

-0.92

-101