BTFX vs VOO
CoinShares Bitcoin Leverage ETF vs Vanguard S&P 500 ETF
Which is better, BTFX or VOO?
VOO has been ahead.
VOO has a lower expense ratio. VOO led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BTFX | VOO |
|---|---|---|
| Expense Ratio | 1.86% | 0.03%Best |
| AUM | $7M | $997.4B |
| Dividend Yield | 0.00% | 1.04% |
| Holdings | 3 | 509 |
| Volatility (annualized) | 92.3% | 10.8%Best |
| Max Drawdown | -62.3% | -18.7%Best |
| $10,000 over 1.8 years | $12,949 | $13,691Best |
| Fund Family | Valkyrie Funds | Vanguard (US) |
| Category | Alternative | Equity |
| Style | - | Large Cap Blend |
| Inception | Feb 21, 2024 | Sep 7, 2010 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 277 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. BTFX has data through Dec 15, 2025 and VOO through Sep 18, 2026.
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Feb 22, 2024 to Dec 15, 2025 (1.8 years).
Risk: Volatility and Drawdowns
BTFX has been the more volatile fund, with annualized monthly volatility of 92.3% compared with 10.8% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -62.3% for BTFX and -18.7% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.50. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BTFX charges 1.86% per year while VOO charges 0.03%. On a $10,000 position that is $186 vs $3 annually, a gap of $183 per year that compounds over a long holding period. On income, BTFX currently yields 0.00% against 1.04% for VOO.
Holdings Overlap
We hold position weights for 1 holding in BTFX and 494 in VOO, totalling 49.2% and 99.5% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 304 days apart, BTFX as of Sep 30, 2025 and VOO as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 1 positions we hold weights for in BTFX and 494 in VOO, against full books of 3 and 509.
You are not choosing between two funds in isolation.
Whichever of BTFX and VOO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BTFX or VOO?
BTFX has an expense ratio of 1.86% while VOO charges 0.03%. VOO is the cheaper option, by $183 a year on a $10,000 investment.
Which is riskier, BTFX or VOO?
BTFX has been the more volatile fund at 92.3% annualized versus 10.8% for VOO. Worst drawdown: BTFX -62.3% vs VOO -18.7%.
Should I hold both BTFX and VOO?
BTFX and VOO have a monthly-return correlation of 0.50, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BTFX or VOO?
BTFX yields 0.00% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than BTFX?
VOO has a lower expense ratio. VOO led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.