MRNX vs. SBU

Last updated Jul 22, 2026

MRNX (Defiance Daily Target 2X Long MRNA ETF) and SBU (Leverage Shares 2X Long SBUX Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.16 correlation, their price movements are largely independent. MRNX charges 1.31%/yr vs 0.75%/yr for SBU.

Performance

MRNX vs. SBU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long MRNA ETF (MRNX) and Leverage Shares 2X Long SBUX Daily ETF (SBU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MRNX

• 1D: 0.31%
• 1M: -20.01%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

SBU

• 1D: -0.60%
• 1M: 5.88%
• 6M: 15.82%
• YTD: 41.17%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

MRNX vs. SBU - Yearly Performance Comparison

	2026 (YTD)
MRNX Defiance Daily Target 2X Long MRNA ETF	41.92%
SBU Leverage Shares 2X Long SBUX Daily ETF	17.66%

Correlation

The correlation between MRNX and SBU is 0.16, 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 Feb 4, 2026	0.16

Return for Risk

MRNX vs. SBU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long MRNA ETF (MRNX) and Leverage Shares 2X Long SBUX Daily ETF (SBU). 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

MRNX vs. SBU - Drawdown Comparison

The maximum MRNX drawdown since its inception was -49.28%, which is greater than SBU's maximum drawdown of -28.10%. Use the drawdown chart below to compare losses from any high point for MRNX and SBU.

Drawdown Indicators

	MRNX	SBU	Difference
Max Drawdown Largest peak-to-trough decline	-49.28%	-28.10%	-21.18%
Current Drawdown Current decline from peak	-49.12%	-7.21%	-41.91%
Average Drawdown Average peak-to-trough decline	-22.18%	-7.26%	-14.92%

Volatility

Volatility by Period

	MRNX	SBU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	138.23%	58.11%	+80.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	138.23%	58.11%	+80.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	138.23%	58.11%	+80.12%

MRNX vs. SBU - Expense Ratio Comparison

MRNX has a 1.31% expense ratio, which is higher than SBU's 0.75% expense ratio.

Dividends

MRNX vs. SBU - Dividend Comparison

Neither MRNX nor SBU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MRNX and SBU in my portfolio?

MRNX and SBU have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MRNX or SBU?

On fees, SBU 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, MRNX or SBU?

SBU is cheaper with a 0.75% expense ratio, compared with 1.31% for MRNX.

Which ETF pays a higher dividend yield, MRNX or SBU?

MRNX and SBU have nearly identical dividend yields, around 0.00%.

What is the main difference between MRNX and SBU?

They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.31% for MRNX and 0.75% for SBU.