MPG vs. SBTU

Last updated Jul 18, 2026

MPG (Leverage Shares 2X Long MP Daily ETF) and SBTU (T-Rex 2X Long SBET Daily Target ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.44 correlation, their price movements are largely independent. MPG charges 0.75%/yr vs 1.50%/yr for SBTU.

Performance

MPG vs. SBTU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long MP Daily ETF (MPG) 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, MPG achieves a -44.00% return, which is significantly higher than SBTU's -73.61% return.

MPG

• 1D: -1.16%
• 1M: -46.65%
• 6M: -68.86%
• YTD: -44.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SBTU

• 1D: -4.23%
• 1M: 5.15%
• 6M: -82.11%
• YTD: -73.61%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MPG vs. SBTU - Yearly Performance Comparison

	2026 (YTD)	2025
MPG Leverage Shares 2X Long MP Daily ETF	-44.00%	-49.37%
SBTU T-Rex 2X Long SBET Daily Target ETF	-73.61%	-64.64%

Correlation

The correlation between MPG and SBTU is 0.44, 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 Oct 27, 2025	0.44

Return for Risk

MPG vs. SBTU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long MP Daily ETF (MPG) 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.

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

MPG vs. SBTU - Drawdown Comparison

The maximum MPG drawdown since its inception was -71.65%, smaller than the maximum SBTU drawdown of -94.22%. Use the drawdown chart below to compare losses from any high point for MPG and SBTU.

Drawdown Indicators

	MPG	SBTU	Difference
Max Drawdown Largest peak-to-trough decline	-71.65%	-94.22%	+22.57%
Current Drawdown Current decline from peak	-71.65%	-91.39%	+19.74%
Average Drawdown Average peak-to-trough decline	-37.87%	-71.97%	+34.10%

Volatility

Volatility by Period

	MPG	SBTU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	144.65%	159.20%	-14.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	144.65%	159.20%	-14.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	144.65%	159.20%	-14.55%

MPG vs. SBTU - Expense Ratio Comparison

MPG has a 0.75% expense ratio, which is lower than SBTU's 1.50% expense ratio.

Dividends

MPG vs. SBTU - Dividend Comparison

Neither MPG nor SBTU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MPG and SBTU in my portfolio?

MPG and SBTU have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MPG or SBTU?

On fees, MPG 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, MPG or SBTU?

MPG is cheaper with a 0.75% expense ratio, compared with 1.50% for SBTU.

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

MPG and SBTU have nearly identical dividend yields, around 0.00%.

What is the main difference between MPG and SBTU?

They also come from different issuers: Leverage Shares and Tuttle Capital Management. Their fees differ too: 0.75% for MPG and 1.50% for SBTU.