KTUP vs. AXUP

Last updated Jun 3, 2026

KTUP (T-Rex 2X Long KTOS Daily Target ETF) and AXUP (T-Rex 2X Long Axon Daily Target ETF) are both Leveraged Equities funds from Tuttle Capital Management. Both are actively managed. At a 0.39 correlation, their price movements are largely independent. Both charge a 1.50% expense ratio.

Performance

KTUP vs. AXUP - Performance Comparison

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

Returns By Period

KTUP

• 1D: -0.72%
• 1M: -2.80%
• YTD: -51.99%
• 6M: -47.55%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AXUP

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

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

KTUP vs. AXUP - Yearly Performance Comparison

	2026 (YTD)	2025
KTUP T-Rex 2X Long KTOS Daily Target ETF	-51.99%	-18.79%
AXUP T-Rex 2X Long Axon Daily Target ETF	-34.20%	-48.71%

Correlation

The correlation between KTUP and AXUP is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 17, 2025	0.39

Return for Risk

KTUP vs. AXUP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long KTOS Daily Target ETF (KTUP) and T-Rex 2X Long Axon Daily Target ETF (AXUP). 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

	KTUP	AXUP	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.48	—	—

Drawdowns

Drawdown Indicators

	KTUP	AXUP	Difference
Max Drawdown Largest peak-to-trough decline	-88.10%	—	—
Current Drawdown Current decline from peak	-83.00%	—	—
Average Drawdown Average peak-to-trough decline	-50.83%	—	—

Volatility

Volatility by Period

	KTUP	AXUP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	153.02%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	153.02%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	153.02%	—	—

KTUP vs. AXUP - Expense Ratio Comparison

Both KTUP and AXUP have an expense ratio of 1.50%.

Dividends

KTUP vs. AXUP - Dividend Comparison

KTUP's dividend yield for the trailing twelve months is around 4.43%, while AXUP has not paid dividends to shareholders.

Position	TTM	2025
AXUP T-Rex 2X Long Axon Daily Target ETF	0.00%	0.00%
KTUP T-Rex 2X Long KTOS Daily Target ETF	4.43%	2.13%

Frequently Asked Questions

Can I hold both KTUP and AXUP in my portfolio?

KTUP and AXUP have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KTUP or AXUP?

Both ETFs have the same 1.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KTUP or AXUP?

KTUP and AXUP have the same expense ratio: 1.50% per year.

Which ETF pays a higher dividend yield, KTUP or AXUP?

KTUP has the higher dividend yield at 4.43%, compared with 0.00% for AXUP.