NOVP vs BTCZ

Comparison between PGIM S&P 500 BUFFER 12 ETF - NOVEMBER (NOVP, ETF) and T-REX 2X INVERSE BITCOIN DAILY TARGET ETF (BTCZ, ETF).

NOVP vs BTCZ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NOVP(ETF)	BTCZ(ETF)
Net Assets	$29M	$29M
Expense Ratio	0.50%	N/A
Max Drawdown	11.79%	91.06%
Sharpe Ratio	1.48	1.01
5Y Beta	0.56	-2.56

Net Assets

Winner

NOVP

$29M

BTCZ

$29M

Expense Ratio

NOVP

0.50%

BTCZ

N/A

Max Drawdown

Winner

NOVP

11.79%

BTCZ

91.06%

Sharpe Ratio

Winner

NOVP

1.48

BTCZ

1.01

5Y Beta

NOVP

0.56

Winner

BTCZ

-2.56

NOVP vs BTCZ - Historical Returns

Returns include dividend reinvestment.

Period	NOVP	BTCZ
1 month	+0.58%	+55.02%
3 months	+7.53%	+11.56%
6 months	+6.65%	+44.41%
1 year	+15.12%	+64.52%
Max(CAGR)	+13.29%	-53.62%

NOVP

+0.58%

Winner

BTCZ

+55.02%

NOVP

+7.53%

Winner

BTCZ

+11.56%

NOVP

+6.65%

Winner

BTCZ

+44.41%

NOVP

+15.12%

Winner

BTCZ

+64.52%

Max(CAGR)

Winner

NOVP

+13.29%

BTCZ

-53.62%

NOVP vs BTCZ - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	NOVP	BTCZ
2026	+6.00%	+45.11%
2025	+12.20%	-22.31%
2024	+8.67%	-76.58%

NOVP vs BTCZ Drawdown Comparison

The maximum drawdown for NOVP was -11.79%, occurring on Apr 8, 2025. Recovery took 76 trading sessions.

The maximum drawdown for BTCZ was -91.06%, occurring on Oct 6, 2025. This drawdown has not yet recovered.

The current NOVP drawdown is -1.06%. The current BTCZ drawdown is -77.82%.

Rank	NOVP	BTCZ
#1	-11.79% Feb 19, 2025 - Jun 9, 2025	-91.06% Aug 5, 2024 - Oct 6, 2025
#2	-5.74% Feb 2, 2026 - Apr 14, 2026	-32.42% Jul 10, 2024 - Aug 5, 2024
#3	-3.76% Jul 16, 2024 - Aug 19, 2024	N/A
#4	-2.58% Nov 12, 2025 - Nov 28, 2025	N/A
#5	-2.28% Jun 2, 2026 - Jun 10, 2026	N/A
#6	-1.85% Dec 4, 2024 - Jan 21, 2025	N/A
#7	-1.81% Aug 30, 2024 - Sep 13, 2024	N/A
#8	-1.63% Jan 12, 2026 - Jan 27, 2026	N/A
#9	-1.54% Dec 11, 2025 - Dec 22, 2025	N/A
#10	-1.24% Nov 8, 2024 - Nov 26, 2024	N/A
#11	-1.22% Jul 28, 2025 - Aug 8, 2025	N/A
#12	-1.10% Jan 23, 2025 - Feb 13, 2025	N/A
#13	-1.02% Nov 3, 2025 - Nov 10, 2025	N/A
#14	-0.94% Oct 8, 2025 - Oct 20, 2025	N/A
#15	-0.85% May 14, 2026 - May 26, 2026	N/A

Correlation

Correlation between NOVP and BTCZ is -0.61 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.61

-101