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BITX vs EVMU

2x Bitcoin Strategy ETF

BITXBCboe

Direxion Daily Ether Bull 2X ETF

EVMUCNYSE Arca

Overlap

Expense ratio

EVMU −1.72pt a year

BITX2.75%EVMU1.03%

Avg volume · 30D

BITX 1946.7×the volume

BITX9.85MEVMU5.06K

BITX vs EVMU Performance

Jul 31, 2026 – Oct 30, 2026

+39.3%BITX+30.8%EVMU

Jul 31, 2026 to Oct 30, 2026. BITX +39.3%. EVMU +30.8%. Use the arrow keys to read each point.0%60%80%100%Jul 2026Sep 2026Oct 2026
Expense ratio
BITX 2.75%
EVMU 1.03%, better
Fund size
BITX $1.03B
EVMU $2M
1Y total return
BITX −64.7%
EVMU No data
Yield (12M)
BITX 9.31%
EVMU No data
Holdings
BITX 3
EVMU 9
Avg volume (30D)
BITX 9.85M sh, better
EVMU 5.06K sh
NAV per share
BITX $16.19
EVMU $26.33
52W range

ETF.net Grade

BITX: Cost 38, Risk 65, Mission not scored, Tradability 99, Holdings not scored, Durability 77. EVMU: Cost 75, Risk 89, Mission not scored, Tradability 10, Holdings not scored, Durability 21.
Pillar letters and Scores for BITX, EVMU, with each pillar’s weight
PillarBITXEVMU
Cost30% weightD38A75Higher
Mission25% weightNot scoredNot scored
Risk15% weightB65A89Higher
Tradability15% weightA99HigherF10
Holdings10% weightNot scoredNot scored
Durability5% weightA77HigherF21

Rank among 2x Long Crypto funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BITX and EVMU are both graded against the same 14 2x Long Crypto funds, so their Grades compare head to head.

2x Long Crypto⁠

Category · 14 funds
See all 14 ›

BITX ranks 4th and EVMU 9th of 14 funds in the 2x Long Crypto Category.

  1. Rank 1ABITUProShares Ultra Bitcoin ETFScore 82
  2. Rank 2AETHTProShares Ultra Ether ETFScore 76
  3. Rank 3BBTCLT-Rex 2X Long Bitcoin Daily Target ETFScore 65
  4. Rank 4BBITX2x Bitcoin Strategy ETFScore 61
  5. Rank 5CUXRPProShares Ultra XRP ETFScore 51
  6. Rank 7CSLONProShares Ultra Solana ETFScore 45
  7. Rank 9CEVMUDirexion Daily Ether Bull 2X ETFScore 40
  8. Rank 9CTXXH21Shares 2x Long HYPE ETFScore 40

Our read on each fund

ETF.net Research

BITXB2x Bitcoin Strategy ETF

EVMUCDirexion Daily Ether Bull 2X ETF

In short

BITX One of the original 2x bitcoin funds, live since 2023. BITX aims for twice the daily move of a bitcoin futures index, resets that math every day, and trades heavily. High-octane, priced like it, and built for days rather than decades.

EVMU Direxion's 2026 entry in leveraged crypto: swaps on a spot ether fund rather than futures, aiming for 200% of ether's daily price move. Fee is 1.03% net of a waiver through September 1, 2027, below the typical cost in its category.

Stated mandate

BITX The Fund seeks daily results equal to twice the daily performance of the S&P CME Bitcoin Futures Daily Roll Index, before fees and expenses.

EVMU The fund seeks daily investment results, before fees and expenses, equal to 200% of ether's price performance.

Why people hold it

  • BITX Aims for twice the daily move of the S&P CME Bitcoin Futures Daily Roll Index inside an ordinary 1940 Act ETF. No margin account, no wallet, no crypto exchange login.
  • Very actively traded, so getting in and out is rarely the hard part. That matters in a product built around single-day exposure.
  • Trading since 2023, a long operating history for geared crypto, and it makes distributions on a monthly cadence.
  • EVMU Aims for 200% of ether's daily price move via swaps referencing a spot ether ETF (ETHA), so the exposure sits on spot ether, not a futures curve.direxion.com
  • Costs 1.03% net of a waiver through September 1, 2027 (1.05% gross), below the median fee among leveraged crypto bull funds.
  • A registered 1940 Act fund: 2x ether exposure in an ordinary brokerage account, no crypto wallet or futures account needed.direxion.com

Worth knowing

  • BITX At 2.75% a year, it is the expensive lane to this trade. Its peer group's median is 1.89%, and ProShares' BITU charges 0.98% for 2x bitcoin exposure.
  • The 2x target resets daily. Over longer holds, choppy markets compound against you, and multi-day results can land well away from twice bitcoin's move.
  • The reference is a bitcoin futures index, not spot bitcoin, so futures roll mechanics sit between you and the coin price.
  • EVMU The 2x target resets every day. Held longer, results can drift from twice ether's move, and choppy stretches work against it.direxion.com
  • Small asset base and light trading volume, so spreads can run wider than at the category's largest names.
  • ProShares' ETHT charges 0.96% with no waiver attached, a slimmer fee for 2x daily ether exposure.

Full BITX profile⁠

Full EVMU profile⁠

BITX vs EVMU Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BITX vs EVMU Cost

Overpaying BITX vs EVMU

$22,093

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BITX 2.75%

    $41,266

  • EVMU 1.03%

    $19,173

$10,000
30 years

Cost over time

  • BITX 2.75%
  • EVMU 1.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K$40K$50K051015202530BITX $41,266EVMU $19,173

Year by year

YearBITXEVMUOverpaying
10$4,509$1,814$2,695
20$15,708$6,807$8,901
30$41,266$19,173$22,093

Expense ratio

  • 2.75%BITX
  • 1.03%EVMU, cheaper
  • Middle half of 2x Long Crypto funds
  • Median 2.02%

EVMU 4th cheapest of 14 funds

BITX 9th cheapest of 14 funds

BITX vs EVMU Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BITX 9.31%
EVMU No data
Payout (12M)
BITX $1.51
EVMU No data
Last payment
BITX $0.02
EVMU $0.21
Ex-dividend
BITX Oct 21, 2026
EVMU Sep 22, 2026
Paid on
BITX Oct 22, 2026
EVMU Sep 29, 2026
Frequency
BITX Monthly
EVMU Quarterly

Distribution history

Per share, 2024 to 2026, same scale for both

BITXMonthly · 30 paymentsAll BITX payments⁠
One bar per payment. 30 payments from 2024 to 2026 YTD. May 22, 2024 $0.97; Jun 25, 2024 $0.86; Jul 24, 2024 $0.68; Aug 28, 2024 $0.63; Sep 26, 2024 $0.63; Oct 29, 2024 $0.59; Nov 26, 2024 $0.61; Dec 16, 2024 $0.58; Jan 29, 2025 $0.09; Feb 26, 2025 $0.06; Mar 27, 2025 $0.53; Apr 28, 2025 $0.54; May 28, 2025 $0.52; Jun 26, 2025 $0.54; Jul 29, 2025 $0.61; Aug 27, 2025 $0.62; Sep 26, 2025 $0.61; Oct 29, 2025 $0.57; Nov 25, 2025 $0.57; Dec 15, 2025 $0.74; Jan 21, 2026 $0.03; Feb 18, 2026 $0.02; Mar 18, 2026 $0.02; Apr 22, 2026 $0.02; May 20, 2026 $0.02; Jun 17, 2026 $0.02; Jul 22, 2026 $0.01; Aug 19, 2026 $0.01; Sep 23, 2026 $0.02; Oct 21, 2026 $0.02. Use the arrow keys to read each point.$0$12026YTD
EVMUQuarterly · 2 paymentsAll EVMU payments⁠
One bar per payment. 2 payments from 2024 to 2026 YTD. Jun 23, 2026 $0.05; Sep 22, 2026 $0.21. Use the arrow keys to read each point.$0$12026YTD

BITX vs EVMU Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BITX 106.3%EVMU No data
Return per unit of riskSharpe ratio, 3 years
BITX 0.49EVMU No data
Worst fallMax drawdown, 5 years
BITX −83.4%since Jun 2023EVMU No data
Market sensitivityBeta, 5 years
BITX 3.22EVMU 0.00

BITX and EVMU in the news

All news⁠

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