CSEX vs. SBU

Last updated Jun 23, 2026

CSEX (Tradr 2X Long CLS Daily ETF) and SBU (Leverage Shares 2X Long SBUX Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.04 correlation, their price movements are largely independent. CSEX charges 1.30%/yr vs 0.75%/yr for SBU.

Performance

CSEX vs. SBU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long CLS Daily ETF (CSEX) and Leverage Shares 2X Long SBUX Daily ETF (SBU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CSEX achieves a 16.76% return, which is significantly lower than SBU's 31.44% return.

CSEX

• 1D: 1.85%
• 1M: -2.82%
• YTD: 16.76%
• 6M: 8.65%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SBU

• 1D: -1.42%
• 1M: -6.65%
• YTD: 31.44%
• 6M: 25.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CSEX vs. SBU - Yearly Performance Comparison

	2026 (YTD)	2025
CSEX Tradr 2X Long CLS Daily ETF	16.76%	-16.41%
SBU Leverage Shares 2X Long SBUX Daily ETF	31.44%	-6.03%

Correlation

The correlation between CSEX and SBU is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	0.05

Return for Risk

CSEX vs. SBU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long CLS Daily ETF (CSEX) and Leverage Shares 2X Long SBUX Daily ETF (SBU). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

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

Drawdowns

CSEX vs. SBU - Drawdown Comparison

The maximum CSEX drawdown since its inception was -56.45%, which is greater than SBU's maximum drawdown of -28.10%. Use the drawdown chart below to compare losses from any high point for CSEX and SBU.

Drawdown Indicators

	CSEX	SBU	Difference
Max Drawdown Largest peak-to-trough decline	-56.45%	-28.10%	-28.35%
Current Drawdown Current decline from peak	-39.34%	-13.61%	-25.73%
Average Drawdown Average peak-to-trough decline	-28.22%	-7.36%	-20.86%

Volatility

Volatility by Period

	CSEX	SBU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	156.45%	59.40%	+97.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	156.45%	59.40%	+97.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	156.45%	59.40%	+97.05%

CSEX vs. SBU - Expense Ratio Comparison

CSEX has a 1.30% expense ratio, which is higher than SBU's 0.75% expense ratio.

Dividends

CSEX vs. SBU - Dividend Comparison

Neither CSEX nor SBU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CSEX and SBU in my portfolio?

CSEX and SBU have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CSEX or SBU?

On fees, SBU is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CSEX or SBU?

SBU is cheaper with a 0.75% expense ratio, compared with 1.30% for CSEX.

Which ETF pays a higher dividend yield, CSEX or SBU?

CSEX and SBU have nearly identical dividend yields, around 0.00%.

What is the main difference between CSEX and SBU?

They also come from different issuers: Tradr and Leverage Shares. Their fees differ too: 1.30% for CSEX and 0.75% for SBU.