2x Bitcoin Strategy ETF (BITX) Performance
BITX total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −33.6% since Dec 31, 2025
- 1 year
- −61.1% total return
- 3 years
- +19.8% a year
- Since first price
- +14.7% a year since 2023
BITX trailing returns vs SPY, QQQ, AGG
| Period | BITX total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −9.3% | −9.4% | −1.0% | −5.0% | +0.9% |
| 3 months | +47.3% | +46.8% | +3.2% | +1.9% | −0.4% |
| 6 months | −4.0% | −4.7% | +7.8% | +8.4% | −1.5% |
| YTD | −33.6% | −34.3% | +12.3% | +15.1% | −1.0% |
| 1 year | −61.1% | −63.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +71.9%+19.8%/yr | +28.4% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionJun 27, 2023 | +57.9%+14.7%/yr | +17.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: BITX vs SPY
From Jun 27, 2023: BITX grew to $15,794, SPY to $18,131.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
BITX returns by calendar year
1 of 2 full years positive. Best 2024 (+163.4%), worst 2025 (−38.7%). 2026 is year to date.
BITX annual returns table
| Year | BITX | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −33.6% | −69.7% | +12.3% | +15.1% | −1.0% |
| 2025 | −38.7% | −58.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +163.4% | −61.3% | +24.9% | +25.6% | +1.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
BITX largest drawdowns
Now 70.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Aug 13, 2025 | −83.4% | Jun 30, 2026 | not yet | 11 months | 1.2 years so far |
| Mar 13, 2024 | −61.3% | Sep 6, 2024 | Nov 12, 2024 | 6 months | 8 months |
| Dec 17, 2024 | −56.4% | Apr 8, 2025 | Aug 13, 2025 | 4 months | 8 months |
| Jul 13, 2023 | −43.0% | Sep 11, 2023 | Oct 24, 2023 | 2 months | 3 months |
| Jan 8, 2024 | −31.8% | Jan 23, 2024 | Feb 12, 2024 | 15 days | 35 days |
| Mar 4, 2024 | −17.2% | Mar 5, 2024 | Mar 8, 2024 | 1 days | 4 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
BITX risk statistics
| Statistic | 3 years | Since 2023 |
|---|---|---|
| Annualized return | +35.0% | +18.7% |
| Volatility (annualized) | 110.2% | 107.5% |
| Sharpe ratio | 0.71 | 0.58 |
| Sortino ratio | 1.41 | 1.13 |
| Best month | +98.7% | +98.7% |
| Worst month | −42.4% | −42.4% |
| Best 12 months | +259.2% | +259.2% |
| Worst 12 months | −79.4% | −79.4% |
| Positive months | 58% | 56% |
| Beta vs S&P 500 | 3.44 | — |
| Correlation with S&P 500 | 0.39 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
BITX rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 29 | −79.4% | +44.6% | +259.2% | 55% |
| 3-year (a year) | 5 | −2.8% | +12.6% | +35.0% | 80% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
BITX performance overview
2x Bitcoin Strategy ETF (BITX) returned −61.1% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +14.7% a year, turning $10,000 into about $15,794. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −83.4%, from Aug 13, 2025 to Jun 30, 2026; the fund has not yet regained that high. Volatility has been 107.5% a year.
Related: BITX chart, BITX dividends. See the BITX overview for the latest quote and fund facts.
BITX performance FAQ
What is the BITX return over the past year?
BITX returned −61.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 63.5%.
How much would $10,000 invested in BITX be worth?
$10,000 invested in BITX at its first recorded close on June 27, 2023 would be worth about $15,794 on October 23, 2026 with distributions reinvested.
What was the worst year for BITX?
The worst calendar year was 2025, with a total return of −38.7%. The best was 2024 at +163.4%.
What is the biggest drawdown of BITX?
The largest peak-to-trough decline was −83.4% between August 13, 2025 and June 30, 2026. It has not yet recovered to that high; it is 70.6% below its peak.
How volatile is BITX?
Over the past 3 years BITX had an annualized volatility of 110.2% and a Sharpe ratio of 0.71 (excess return over 1–3 month T-bills per unit of risk).