{"url":"https://etfiq.com/compare/leverage/bitx-vs-btcz","section":"compare","title":"BITX vs BTCZ: which held to its multiple? | ETFIQ","description":"BITX sets out to return +2 times IBIT each day and BTCZ -2 times. Over the three months to Sep 30, 2026 they finished +3.8 pts and +24.8 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, BITX or BTCZ?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, BITX finished 3.8 points from what its multiple implies and BTCZ finished 24.8 points from its own, so BITX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are BITX and BTCZ levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on bitcoin, BITX at +2 times and BTCZ at -2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, BITX or BTCZ?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window BITX\u2019s moved at 38% annualized and BTCZ\u2019s at 38%, so BITX has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold BITX or BTCZ for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, BITX or BTCZ?","acceptedAnswer":{"@type":"Answer","text":"BITX charges 2.75% a year and BTCZ charges 0.95%, so BTCZ is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"BITX vs BTCZ","item":"https://etfiq.com/compare/leverage/bitx-vs-btcz"}]},{"@type":"WebPage","name":"BITX vs BTCZ: which held to its multiple?","description":"BITX sets out to return +2 times IBIT each day and BTCZ -2 times. Over the three months to Sep 30, 2026 they finished +3.8 pts and +24.8 pts away.","url":"https://etfiq.com/compare/leverage/bitx-vs-btcz","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, BITX finished 4.8 points short and BTCZ 0.5 points over.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of BITX and BTCZ","description":"BITX sets out to return +2 times IBIT each day and BTCZ -2 times. Over the three months to Sep 30, 2026 they finished +3.8 pts and +24.8 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/bitx-vs-btcz","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":7136,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / BITX vs BTCZ \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n BITX vs BTCZ: which held to its multiple?\n\n Over three months against its own daily promise, BITX finished 4.8 points short and BTCZ 0.5 points over.\n Copy this for sharing \n \n 2x Bitcoin Strategy ETF and T-REX 2X INVERSE BITCOIN DAILY TARGET ETF.\n\n Download as PDF \n\n +82.3% BITX returned, 3 months \n \u221253.7% BTCZ returned, 3 months \n +3.8 pts BITX from its stated multiple \n +24.8 pts BTCZ from its stated multiple \n\n ETFIQ Decay Resistance Score: BTCZ scores higher\n Did it","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/bitx-vs-btcz","a":{"ticker":"BITX","name":"2x Bitcoin Strategy ETF","issuer":"Volatility Shares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: BITX returned +82.3% where its own daily promise gave +87.1%, 4.8 points short.","url":"https://etfiq.com/funds/bitx","key_facts":[{"label":"What IBIT did","value":"+39.2%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+87.1%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+82.3%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22124.8 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$1.1bn","as_of":"2026-09-30","source":"issuer page, as of Sep 15, 2026"},{"label":"Expense ratio","value":"2.75%","as_of":"2026-09-30","source":"485BPOS XBRL, Jun 26, 2026"}]},"b":{"ticker":"BTCZ","name":"T-REX 2X INVERSE BITCOIN DAILY TARGET ETF","issuer":"T-REX","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: BTCZ returned \u221253.7% where its own daily promise gave \u221254.2%, 0.5 points over.","url":"https://etfiq.com/funds/btcz","key_facts":[{"label":"What IBIT did","value":"+39.2%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"\u221254.2%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221253.7%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+0.5 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$16m","as_of":"2026-09-30","source":"issuer page, as of Sep 29, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"485BPOS XBRL, Apr 30, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/bitx-vs-btcz"}