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BTCL vs EVMU

T-Rex 2X Long Bitcoin Daily Target ETF

BTCLBCboe

Direxion Daily Ether Bull 2X ETF

EVMUCNYSE Arca

Overlap

Expense ratio

BTCL −0.08pt a year

BTCL0.95%EVMU1.03%

Avg volume · 30D

BTCL 14.7×the volume

BTCL74.4KEVMU5.06K

BTCL vs EVMU Performance

Jul 31, 2026 – Oct 30, 2026

+37.6%BTCL+30.8%EVMU

Jul 31, 2026 to Oct 30, 2026. BTCL +37.6%. EVMU +30.8%. Use the arrow keys to read each point.0%60%80%100%Jul 2026Sep 2026Oct 2026
Expense ratio
BTCL 0.95%, better
EVMU 1.03%
Fund size
BTCL $35M
EVMU $2M
1Y total return
BTCL −66.6%
EVMU No data
Yield (12M)
BTCL 2.98%
EVMU No data
Holdings
BTCL 3
EVMU 9
Avg volume (30D)
BTCL 74.4K sh, better
EVMU 5.06K sh
NAV per share
BTCL $18.33
EVMU $26.33
52W range

ETF.net Grade

BTCL: Cost 91, Risk 63, Mission not scored, Tradability 22, Holdings not scored, Durability 53. EVMU: Cost 75, Risk 89, Mission not scored, Tradability 10, Holdings not scored, Durability 21.
Pillar letters and Scores for BTCL, EVMU, with each pillar’s weight
PillarBTCLEVMU
Cost30% weightA91HigherA75
Mission25% weightNot scoredNot scored
Risk15% weightB63A89Higher
Tradability15% weightF22HigherF10
Holdings10% weightNot scoredNot scored
Durability5% weightC53HigherF21

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. BTCL 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 ›

BTCL ranks 3rd 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 7CSLONProShares Ultra Solana ETFScore 45
  6. Rank 9CEVMUDirexion Daily Ether Bull 2X ETFScore 40
  7. Rank 9CTXXH21Shares 2x Long HYPE ETFScore 40

Our read on each fund

ETF.net Research

BTCLBT-Rex 2X Long Bitcoin Daily Target ETF

EVMUCDirexion Daily Ether Bull 2X ETF

In short

BTCL No data

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

BTCL No data

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

Why people hold it

BTCL No data

  • 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

BTCL No data

  • 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 BTCL profile⁠

Full EVMU profile⁠

BTCL 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.

BTCL vs EVMU Cost

Overpaying EVMU vs BTCL

$1,304

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

  • BTCL 0.95%

    $17,869

  • EVMU 1.03%

    $19,173

$10,000
30 years

Cost over time

  • BTCL 0.95%
  • EVMU 1.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530EVMU $19,173BTCL $17,869

Year by year

YearBTCLEVMUOverpaying
10$1,678$1,814$136
20$6,322$6,807$485
30$17,869$19,173$1,304

Expense ratio

  • 0.95%BTCL, cheaper
  • 1.03%EVMU
  • Middle half of 2x Long Crypto funds
  • Median 2.02%

BTCL cheapest of 14 funds

EVMU 4th cheapest of 14 funds

BTCL vs EVMU Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BTCL 2.98%
EVMU No data
Payout (12M)
BTCL $0.49
EVMU No data
Last payment
BTCL $0.49
EVMU $0.21
Ex-dividend
BTCL Dec 24, 2025
EVMU Sep 22, 2026
Paid on
BTCL No data
EVMU Sep 29, 2026
Frequency
BTCL Annual
EVMU Quarterly

Distribution history

Per share, 2024 to 2026, same scale for both

BTCLAnnual · 2 paymentsAll BTCL payments⁠
One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 24, 2024 $2.12; Dec 24, 2025 $0.49. Use the arrow keys to read each point.$0$22026YTD
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$22026YTD

BTCL vs EVMU Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BTCL 96.6%since Aug 2024EVMU No data
Return per unit of riskSharpe ratio, 3 years
BTCL 0.13since Aug 2024EVMU No data
Worst fallMax drawdown, 5 years
BTCL −84.0%since Jul 2024EVMU No data
Market sensitivityBeta, 5 years
BTCL 1.87EVMU 0.00

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