{"url":"https://etfiq.com/compare/leverage/btcu-vs-btcz","section":"compare","title":"BTCU vs BTCZ: which held to its multiple? | ETFIQ","description":"BTCU sets out to return +2 times IBIT each day and BTCZ -2 times. Over the three months to Sep 30, 2026 they finished +3.3 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, BTCU or BTCZ?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, BTCU finished 3.3 points from what its multiple implies and BTCZ finished 24.8 points from its own, so BTCU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are BTCU and BTCZ levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on bitcoin, BTCU at +2 times and BTCZ at -2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, BTCU or BTCZ?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window BTCU\u2019s moved at 38% annualized and BTCZ\u2019s at 38%, so BTCU has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold BTCU 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, BTCU or BTCZ?","acceptedAnswer":{"@type":"Answer","text":"BTCU charges 1.13% 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":"BTCU vs BTCZ","item":"https://etfiq.com/compare/leverage/btcu-vs-btcz"}]},{"@type":"WebPage","name":"BTCU vs BTCZ: which held to its multiple?","description":"BTCU sets out to return +2 times IBIT each day and BTCZ -2 times. Over the three months to Sep 30, 2026 they finished +3.3 pts and +24.8 pts away.","url":"https://etfiq.com/compare/leverage/btcu-vs-btcz","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, BTCU finished 5.3 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 BTCU and BTCZ","description":"BTCU sets out to return +2 times IBIT each day and BTCZ -2 times. Over the three months to Sep 30, 2026 they finished +3.3 pts and +24.8 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/btcu-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":7170,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / BTCU vs BTCZ \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n BTCU vs BTCZ: which held to its multiple?\n\n Over three months against its own daily promise, BTCU finished 5.3 points short and BTCZ 0.5 points over.\n Copy this for sharing \n \n Direxion Daily Bitcoin Bull 2X ETF and T-REX 2X INVERSE BITCOIN DAILY TARGET ETF.\n\n Download as PDF \n\n +81.8% BTCU returned, 3 months \n \u221253.7% BTCZ returned, 3 months \n +3.3 pts BTCU from its stated multiple \n +24.8 pts BTCZ from its stated multiple \n\n ETFIQ Decay Resistance Score: BTCZ scores hig","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/btcu-vs-btcz","a":{"ticker":"BTCU","name":"Direxion Daily Bitcoin Bull 2X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: BTCU returned +81.8% where its own daily promise gave +87.1%, 5.3 points short.","url":"https://etfiq.com/funds/btcu","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":"+81.8%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22125.3 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$6m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.13%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 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/btcu-vs-btcz"}