PYPG vs. SBTU
PYPG (Leverage Shares 2X Long PYPL Daily ETF) and SBTU (T-Rex 2X Long SBET Daily Target ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.34 correlation, their price movements are largely independent. PYPG charges 0.75%/yr vs 1.50%/yr for SBTU.
Performance
PYPG vs. SBTU - Performance Comparison
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Returns By Period
In the year-to-date period, PYPG achieves a -23.77% return, which is significantly higher than SBTU's -73.61% return.
PYPG
- 1D
- -0.47%
- 1M
- 73.22%
- 6M
- -19.05%
- YTD
- -23.77%
- 1Y
- -57.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SBTU
- 1D
- -4.23%
- 1M
- 5.15%
- 6M
- -82.11%
- YTD
- -73.61%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PYPG vs. SBTU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PYPG Leverage Shares 2X Long PYPL Daily ETF | -23.77% | -31.34% |
SBTU T-Rex 2X Long SBET Daily Target ETF | -73.61% | -67.09% |
Correlation
The correlation between PYPG and SBTU is 0.34, 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 21, 2025 | 0.34 |
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Return for Risk
PYPG vs. SBTU — Risk / Return Rank
PYPG
SBTU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PYPG vs. SBTU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long PYPL Daily ETF (PYPG) 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.
| PYPG | SBTU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.90 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | — | — |
| Martin ratioReturn relative to average drawdown | -1.02 | — | — |
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Drawdowns
PYPG vs. SBTU - Drawdown Comparison
The maximum PYPG drawdown since its inception was -79.52%, smaller than the maximum SBTU drawdown of -94.22%. Use the drawdown chart below to compare losses from any high point for PYPG and SBTU.
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Drawdown Indicators
| PYPG | SBTU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.52% | -94.22% | +14.70% |
Max Drawdown (1Y)Largest decline over 1 year | -79.52% | — | — |
Current DrawdownCurrent decline from peak | -61.90% | -91.39% | +29.49% |
Average DrawdownAverage peak-to-trough decline | -41.38% | -71.97% | +30.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 56.44% | — | — |
Volatility
PYPG vs. SBTU - Volatility Comparison
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Volatility by Period
| PYPG | SBTU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 34.49% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 77.02% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 85.36% | 159.20% | -73.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.15% | 159.20% | -76.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 83.15% | 159.20% | -76.05% |
PYPG vs. SBTU - Expense Ratio Comparison
PYPG has a 0.75% expense ratio, which is lower than SBTU's 1.50% expense ratio.
Dividends
PYPG vs. SBTU - Dividend Comparison
Neither PYPG nor SBTU has paid dividends to shareholders.
Frequently Asked Questions
PYPG and SBTU have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PYPG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PYPG is cheaper with a 0.75% expense ratio, compared with 1.50% for SBTU.
PYPG and SBTU have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Leverage Shares and Tuttle Capital Management. Their fees differ too: 0.75% for PYPG and 1.50% for SBTU.
Find the right allocation for PYPG and SBTU
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