KTUP vs. BEX

Last updated Jun 5, 2026

KTUP (T-Rex 2X Long KTOS Daily Target ETF) and BEX (Tradr 2X Long BE Daily ETF) are both Leveraged Equities funds. Both are actively managed. A 0.61 correlation means they provide meaningful diversification when combined. KTUP charges 1.50%/yr vs 1.30%/yr for BEX.

Performance

KTUP vs. BEX - 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 Tradr 2X Long BE Daily ETF (BEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KTUP

• 1D: 16.06%
• 1M: 6.13%
• YTD: -52.81%
• 6M: -56.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BEX

• 1D: 2.94%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KTUP vs. BEX - Yearly Performance Comparison

	2026 (YTD)
KTUP T-Rex 2X Long KTOS Daily Target ETF	19.23%
BEX Tradr 2X Long BE Daily ETF	-8.87%

Correlation

The correlation between KTUP and BEX is 0.61, 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 May 27, 2026	0.61

Return for Risk

KTUP vs. BEX - 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 Tradr 2X Long BE Daily ETF (BEX). 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	BEX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.48	-0.61	+0.13

Drawdowns

KTUP vs. BEX - Drawdown Comparison

The maximum KTUP drawdown since its inception was -88.10%, which is greater than BEX's maximum drawdown of -18.65%. Use the drawdown chart below to compare losses from any high point for KTUP and BEX.

Drawdown Indicators

	KTUP	BEX	Difference
Max Drawdown Largest peak-to-trough decline	-88.10%	-18.65%	-69.45%
Current Drawdown Current decline from peak	-83.29%	-8.87%	-74.42%
Average Drawdown Average peak-to-trough decline	-51.20%	-9.34%	-41.86%

Volatility

Volatility by Period

	KTUP	BEX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	154.43%	170.67%	-16.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	154.43%	170.67%	-16.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	154.43%	170.67%	-16.24%

KTUP vs. BEX - Expense Ratio Comparison

KTUP has a 1.50% expense ratio, which is higher than BEX's 1.30% expense ratio.

Dividends

KTUP vs. BEX - Dividend Comparison

KTUP's dividend yield for the trailing twelve months is around 4.51%, while BEX has not paid dividends to shareholders.

Position	TTM	2025
BEX Tradr 2X Long BE Daily ETF	0.00%	0.00%
KTUP T-Rex 2X Long KTOS Daily Target ETF	4.51%	2.13%

Frequently Asked Questions

Can I hold both KTUP and BEX in my portfolio?

KTUP and BEX have a correlation of 0.61, 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 BEX?

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, KTUP or BEX?

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

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

KTUP has the higher dividend yield at 4.51%, compared with 0.00% for BEX.

What is the main difference between KTUP and BEX?

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