KTUP vs. SBTU

Last updated Jun 4, 2026

KTUP (T-Rex 2X Long KTOS Daily Target ETF) and SBTU (T-Rex 2X Long SBET Daily Target ETF) are both Leveraged Equities funds from Tuttle Capital Management. Both are actively managed. A 0.51 correlation means they provide meaningful diversification when combined. Both charge a 1.50% expense ratio.

Performance

KTUP vs. SBTU - 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 SBET Daily Target ETF (SBTU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KTUP achieves a -59.34% return, which is significantly higher than SBTU's -72.70% return.

KTUP

• 1D: -15.32%
• 1M: -16.96%
• YTD: -59.34%
• 6M: -57.58%
• 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)

KTUP vs. SBTU - Yearly Performance Comparison

	2026 (YTD)	2025
KTUP T-Rex 2X Long KTOS Daily Target ETF	-59.34%	-39.34%
SBTU T-Rex 2X Long SBET Daily Target ETF	-72.70%	-67.37%

Correlation

The correlation between KTUP and SBTU is 0.51, 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 Oct 22, 2025	0.51

Return for Risk

KTUP vs. SBTU - 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 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

	KTUP	SBTU	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.52	-0.61	+0.09

Drawdowns

KTUP vs. SBTU - Drawdown Comparison

The maximum KTUP drawdown since its inception was -88.10%, roughly equal to the maximum SBTU drawdown of -91.09%. Use the drawdown chart below to compare losses from any high point for KTUP and SBTU.

Drawdown Indicators

	KTUP	SBTU	Difference
Max Drawdown Largest peak-to-trough decline	-88.10%	-91.09%	+2.99%
Current Drawdown Current decline from peak	-85.60%	-91.09%	+5.49%
Average Drawdown Average peak-to-trough decline	-51.02%	-68.54%	+17.52%

Volatility

Volatility by Period

	KTUP	SBTU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	153.66%	161.52%	-7.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	153.66%	161.52%	-7.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	153.66%	161.52%	-7.86%

KTUP vs. SBTU - Expense Ratio Comparison

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

Dividends

KTUP vs. SBTU - Dividend Comparison

KTUP's dividend yield for the trailing twelve months is around 5.23%, while SBTU has not paid dividends to shareholders.

Position	TTM	2025
KTUP T-Rex 2X Long KTOS Daily Target ETF	5.23%	2.13%
SBTU T-Rex 2X Long SBET Daily Target ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both KTUP and SBTU in my portfolio?

KTUP and SBTU have a correlation of 0.51, 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 SBTU?

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 SBTU?

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

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

KTUP has the higher dividend yield at 5.23%, compared with 0.00% for SBTU.