USAX vs BHDG
Comparison between Tradr 2X Long USAR Daily ETF (USAX, ETF) and Nicholas Bitcoin Tail ETF (BHDG, ETF).
USAX vs BHDG - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
USAX
$14M
BHDG
$14M
Max Drawdown
USAX
77.92%
Winner
BHDG
15.06%
Sharpe Ratio
Winner
USAX
1.09
BHDG
-1.30
5Y Beta
USAX
7.55
Winner
BHDG
-0.87
USAX vs BHDG - Historical Returns
Returns include dividend reinvestment.
1M
USAX
-40.78%
Winner
BHDG
+4.02%
3M
Winner
USAX
+0.19%
BHDG
-6.82%
Max(CAGR)
Winner
USAX
-5.73%
BHDG
-26.99%
USAX vs BHDG - Annual Returns (2026 - 2026)
Returns include dividend reinvestment.
| Year | USAX | BHDG |
|---|---|---|
| 2026 | -2.33% | -6.82% |
USAX vs BHDG Drawdown Comparison
The maximum drawdown for USAX was -77.92%, occurring on Mar 30, 2026. This drawdown has not yet recovered.
The maximum drawdown for BHDG was -15.06%, occurring on May 11, 2026. This drawdown has not yet recovered.
The current USAX drawdown is -59.21%. The current BHDG drawdown is -10.60%.
| Rank | USAX | BHDG |
|---|---|---|
| #1 | -77.92% Jan 26, 2026 - Mar 30, 2026 | -15.06% Mar 27, 2026 - May 11, 2026 |
| #2 | -15.99% Jan 14, 2026 - Jan 20, 2026 | -1.07% Mar 24, 2026 - Mar 26, 2026 |
| #3 | -0.00% Jan 20, 2026 - Jan 22, 2026 | -0.59% Mar 20, 2026 - Mar 24, 2026 |
Correlation
Correlation between USAX and BHDG is -0.88 which considered as a strong negative correlation - the stocks tend to move in opposite directions.
-0.88
-101
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