BEX vs. SBTU

Last updated Jun 4, 2026

BEX (Tradr 2X Long BE Daily ETF) and SBTU (T-Rex 2X Long SBET Daily Target ETF) are both Leveraged Equities funds. Both are actively managed. At a correlation of -0.14, they often move in opposite directions. BEX charges 1.30%/yr vs 1.50%/yr for SBTU.

Performance

BEX vs. SBTU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long BE Daily ETF (BEX) and T-Rex 2X Long SBET Daily Target ETF (SBTU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BEX

• 1D: -10.37%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SBTU

• 1D: -10.59%
• 1M: -49.76%
• YTD: -72.70%
• 6M: -81.62%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BEX vs. SBTU - Yearly Performance Comparison

	2026 (YTD)
BEX Tradr 2X Long BE Daily ETF	-11.47%
SBTU T-Rex 2X Long SBET Daily Target ETF	-20.68%

Correlation

The correlation between BEX and SBTU is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	-0.14

Return for Risk

BEX vs. SBTU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long BE Daily ETF (BEX) and T-Rex 2X Long SBET Daily Target ETF (SBTU). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BEX	SBTU	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.59	-0.61	+0.02

Drawdowns

BEX vs. SBTU - Drawdown Comparison

The maximum BEX drawdown since its inception was -18.65%, smaller than the maximum SBTU drawdown of -91.09%. Use the drawdown chart below to compare losses from any high point for BEX and SBTU.

Drawdown Indicators

	BEX	SBTU	Difference
Max Drawdown Largest peak-to-trough decline	-18.65%	-91.09%	+72.44%
Current Drawdown Current decline from peak	-11.47%	-91.09%	+79.62%
Average Drawdown Average peak-to-trough decline	-9.41%	-68.54%	+59.13%

Volatility

Volatility by Period

	BEX	SBTU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	184.67%	161.52%	+23.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	184.67%	161.52%	+23.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	184.67%	161.52%	+23.15%

BEX vs. SBTU - Expense Ratio Comparison

BEX has a 1.30% expense ratio, which is lower than SBTU's 1.50% expense ratio.

Dividends

BEX vs. SBTU - Dividend Comparison

Neither BEX nor SBTU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BEX and SBTU in my portfolio?

BEX and SBTU have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BEX or SBTU?

On fees, BEX is cheaper at 1.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BEX or SBTU?

BEX is cheaper with a 1.30% expense ratio, compared with 1.50% for SBTU.

Which ETF pays a higher dividend yield, BEX or SBTU?

BEX and SBTU have nearly identical dividend yields, around 0.00%.

What is the main difference between BEX and SBTU?

They also come from different issuers: Tradr and Tuttle Capital Management. Their fees differ too: 1.30% for BEX and 1.50% for SBTU.