ETU vs. ULTI

Last updated Jun 5, 2026

ETU (T-Rex 2X Long Ether Daily Target ETF) and ULTI (REX IncomeMax Option Strategy ETF) are both exchange-traded funds - ETU is a Leveraged Cryptocurrency fund actively managed by REX Shares, while ULTI is a Derivative Income fund actively managed by REX Shares. Both are actively managed. A 0.59 correlation means they provide meaningful diversification when combined. ETU charges 0.95%/yr vs 1.25%/yr for ULTI.

Performance

ETU vs. ULTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Long Ether Daily Target ETF (ETU) and REX IncomeMax Option Strategy ETF (ULTI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETU achieves a -72.00% return, which is significantly lower than ULTI's 43.51% return.

ETU

• 1D: -2.42%
• 1M: -45.33%
• YTD: -72.00%
• 6M: -76.01%
• 1Y: -75.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ULTI

• 1D: 0.03%
• 1M: 13.95%
• YTD: 43.51%
• 6M: 18.45%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETU vs. ULTI - Yearly Performance Comparison

	2026 (YTD)	2025
ETU T-Rex 2X Long Ether Daily Target ETF	-72.00%	-48.57%
ULTI REX IncomeMax Option Strategy ETF	43.51%	-38.31%

Correlation

The correlation between ETU and ULTI is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 3, 2025	0.59

Return for Risk

ETU vs. ULTI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ETU

ETU Risk / Return Rank: 4
ETU Sharpe Ratio Rank: 4
ETU Sortino Ratio Rank: 5
ETU Omega Ratio Rank: 5
ETU Calmar Ratio Rank: 2
ETU Martin Ratio Rank: 3

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ETU vs. ULTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long Ether Daily Target ETF (ETU) and REX IncomeMax Option Strategy ETF (ULTI). 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.

	ETU	ULTI	Difference
Sharpe ratio: Return per unit of total volatility	-0.56	—	—
Sortino ratio: Return per unit of downside risk	-0.50	—	—
Omega ratio: Gain probability vs. loss probability	0.94	—	—
Calmar ratio: Return relative to maximum drawdown	-0.83	—	—
Martin ratio: Return relative to average drawdown	-1.21	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ETU	ULTI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.47	-0.30	-0.17

Drawdowns

ETU vs. ULTI - Drawdown Comparison

The maximum ETU drawdown since its inception was -93.19%, which is greater than ULTI's maximum drawdown of -41.74%. Use the drawdown chart below to compare losses from any high point for ETU and ULTI.

Drawdown Indicators

	ETU	ULTI	Difference
Max Drawdown Largest peak-to-trough decline	-93.19%	-41.74%	-51.45%
Max Drawdown (1Y) Largest decline over 1 year	-91.69%	—	—
Current Drawdown Current decline from peak	-93.19%	-11.47%	-81.72%
Average Drawdown Average peak-to-trough decline	-62.47%	-28.02%	-34.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	62.34%	—	—

Volatility

Volatility by Period

	ETU	ULTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	91.27%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	136.32%	62.21%	+74.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	145.77%	62.21%	+83.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	145.77%	62.21%	+83.56%

ETU vs. ULTI - Expense Ratio Comparison

ETU has a 0.95% expense ratio, which is lower than ULTI's 1.25% expense ratio.

Dividends

ETU vs. ULTI - Dividend Comparison

ETU's dividend yield for the trailing twelve months is around 0.01%, less than ULTI's 44.50% yield.

Position	TTM	2025	2024
ETU T-Rex 2X Long Ether Daily Target ETF	0.01%	0.00%	0.05%
ULTI REX IncomeMax Option Strategy ETF	44.50%	14.96%	0.00%

Frequently Asked Questions

Can I hold both ETU and ULTI in my portfolio?

ETU and ULTI have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ETU or ULTI?

On fees, ETU is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ETU or ULTI?

ETU is cheaper with a 0.95% expense ratio, compared with 1.25% for ULTI.

Which ETF pays a higher dividend yield, ETU or ULTI?

ULTI has the higher dividend yield at 44.50%, compared with 0.01% for ETU.

What is the main difference between ETU and ULTI?

ETU is categorized as Leveraged Cryptocurrency, while ULTI is Derivative Income. Their fees differ too: 0.95% for ETU and 1.25% for ULTI.