T-Rex 2X Long Bitcoin Daily Target ETF (BTCL) Performance
BTCL total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −35.8% since Dec 31, 2025
- 1 year
- −63.0% total return
- Since first price
- −20.1% since 2024
BTCL trailing returns vs SPY, QQQ, AGG
| Period | BTCL total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −9.7% | −9.7% | −1.0% | −5.0% | +0.9% |
| 3 months | +46.3% | +46.3% | +3.2% | +1.9% | −0.4% |
| 6 months | −6.0% | −6.0% | +7.8% | +8.4% | −1.5% |
| YTD | −35.8% | −35.8% | +12.3% | +15.1% | −1.0% |
| 1 year | −63.0% | −63.6% | +14.4% | +15.9% | −1.1% |
| Since inceptionJul 10, 2024 | −20.1% | −24.7% | — | — | — |
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: BTCL vs SPY
From Jul 10, 2024: BTCL grew to $7,985, SPY to $13,894.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
BTCL returns by calendar year
0 of 1 full years positive. Best 2025 (−39.5%), worst 2025 (−39.5%). 2026 is year to date.
BTCL annual returns table
| Year | BTCL | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −35.8% | −70.3% | +12.3% | +15.1% | −1.0% |
| 2025 | −39.5% | −58.8% | +17.7% | +20.8% | +7.2% |
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.
BTCL largest drawdowns
Now 72.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Aug 13, 2025 | −84.0% | Jun 30, 2026 | not yet | 11 months | 1.2 years so far |
| Dec 17, 2024 | −56.3% | Apr 8, 2025 | Aug 13, 2025 | 4 months | 8 months |
| Jul 22, 2024 | −44.2% | Sep 6, 2024 | Nov 6, 2024 | 46 days | 4 months |
| Nov 22, 2024 | −17.1% | Nov 26, 2024 | Dec 6, 2024 | 4 days | 14 days |
| Dec 6, 2024 | −10.8% | Dec 9, 2024 | Dec 16, 2024 | 3 days | 10 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
BTCL risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | −15.9% |
| Volatility (annualized) | 97.4% |
| Sharpe ratio | 0.22 |
| Sortino ratio | 0.37 |
| Best month | +83.7% |
| Worst month | −42.9% |
| Best 12 months | +132.6% |
| Worst 12 months | −80.3% |
| Positive months | 54% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
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.
BTCL rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 16 | −80.3% | −54.8% | +132.6% | 25% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
BTCL performance overview
T-Rex 2X Long Bitcoin Daily Target ETF (BTCL) returned −63.0% over the past year, with distributions reinvested. Since its first recorded price on Jul 10, 2024 it has returned −20.1%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −84.0%, from Aug 13, 2025 to Jun 30, 2026; the fund has not yet regained that high. Volatility has been 97.4% a year.
Related: BTCL chart, BTCL dividends. See the BTCL overview for the latest quote and fund facts.
BTCL performance FAQ
What is the BTCL return over the past year?
BTCL returned −63.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 63.6%.
How much would $10,000 invested in BTCL be worth?
$10,000 invested in BTCL at its first recorded close on July 10, 2024 would be worth about $7,985 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of BTCL?
The largest peak-to-trough decline was −84.0% between August 13, 2025 and June 30, 2026. It has not yet recovered to that high; it is 72.1% below its peak.
How volatile is BTCL?
Over the past history BTCL had an annualized volatility of 97.4% and a Sharpe ratio of 0.22 (excess return over 1–3 month T-bills per unit of risk).