{"url":"https://etfiq.com/compare/leverage/btcl-vs-sbit","section":"compare","title":"BTCL vs SBIT: which held to its multiple? | ETFIQ","description":"BTCL sets out to return +2 times IBIT each day and SBIT -2 times. Over the three months to Sep 30, 2026 they finished +2.5 pts and +25.1 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, BTCL or SBIT?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, BTCL finished 2.5 points from what its multiple implies and SBIT finished 25.1 points from its own, so BTCL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are BTCL and SBIT levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on bitcoin, BTCL at +2 times and SBIT at -2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, BTCL or SBIT?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window BTCL\u2019s moved at 38% annualized and SBIT\u2019s at 38%, so BTCL has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold BTCL or SBIT 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, BTCL or SBIT?","acceptedAnswer":{"@type":"Answer","text":"BTCL charges 0.95% a year and SBIT charges 0.95%, so BTCL 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":"BTCL vs SBIT","item":"https://etfiq.com/compare/leverage/btcl-vs-sbit"}]},{"@type":"WebPage","name":"BTCL vs SBIT: which held to its multiple?","description":"BTCL sets out to return +2 times IBIT each day and SBIT -2 times. Over the three months to Sep 30, 2026 they finished +2.5 pts and +25.1 pts away.","url":"https://etfiq.com/compare/leverage/btcl-vs-sbit","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, BTCL finished 6.1 points short and SBIT 0.8 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 BTCL and SBIT","description":"BTCL sets out to return +2 times IBIT each day and SBIT -2 times. Over the three months to Sep 30, 2026 they finished +2.5 pts and +25.1 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/btcl-vs-sbit","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":7134,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / BTCL vs SBIT \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n BTCL vs SBIT: which held to its multiple?\n\n Over three months against its own daily promise, BTCL finished 6.1 points short and SBIT 0.8 points over.\n Copy this for sharing \n \n T-REX 2X LONG BITCOIN DAILY TARGET ETF and ProShares UltraShort Bitcoin ETF.\n\n Download as PDF \n\n +81.0% BTCL returned, 3 months \n \u221253.4% SBIT returned, 3 months \n +2.5 pts BTCL from its stated multiple \n +25.1 pts SBIT from its stated multiple \n\n ETFIQ Decay Resistance Score: SBIT scores higher\n ","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/btcl-vs-sbit","a":{"ticker":"BTCL","name":"T-REX 2X LONG BITCOIN DAILY TARGET ETF","issuer":"T-REX","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: BTCL returned +81.0% where its own daily promise gave +87.1%, 6.1 points short.","url":"https://etfiq.com/funds/btcl","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":"+81.0%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22126.1 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$37m","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"}]},"b":{"ticker":"SBIT","name":"ProShares UltraShort Bitcoin ETF","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: SBIT returned \u221253.4% where its own daily promise gave \u221254.2%, 0.8 points over.","url":"https://etfiq.com/funds/sbit","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":"\u221253.4%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+0.8 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$128m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"485BPOS XBRL, Sep 25, 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/btcl-vs-sbit"}