SBTU vs. MSTK

Last updated Jun 23, 2026

SBTU (T-Rex 2X Long SBET Daily Target ETF) and MSTK (Tuttle Capital MSTR 0DTE Covered Call ETF) are both exchange-traded funds - SBTU is a Leveraged Equities fund actively managed by Tuttle Capital Management, while MSTK is a Derivative Income fund actively managed by Tuttle Capital Management. Both are actively managed. A 0.69 correlation means they provide meaningful diversification when combined. SBTU charges 1.50%/yr vs 0.99%/yr for MSTK.

Performance

SBTU vs. MSTK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Long SBET Daily Target ETF (SBTU) and Tuttle Capital MSTR 0DTE Covered Call ETF (MSTK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SBTU

• 1D: 0.00%
• 1M: -30.51%
• YTD: -75.55%
• 6M: -78.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSTK

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

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

SBTU vs. MSTK - Yearly Performance Comparison

	2026 (YTD)	2025
SBTU T-Rex 2X Long SBET Daily Target ETF	-75.55%	-62.27%
MSTK Tuttle Capital MSTR 0DTE Covered Call ETF	-20.94%	-47.46%

Correlation

The correlation between SBTU and MSTK is 0.69, 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 23, 2025	0.69

Return for Risk

SBTU vs. MSTK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long SBET Daily Target ETF (SBTU) and Tuttle Capital MSTR 0DTE Covered Call ETF (MSTK). 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

Drawdown Indicators

	SBTU	MSTK	Difference
Max Drawdown Largest peak-to-trough decline	-92.38%	—	—
Current Drawdown Current decline from peak	-92.02%	—	—
Average Drawdown Average peak-to-trough decline	-69.79%	—	—

Volatility

Volatility by Period

	SBTU	MSTK	Difference
Volatility (1Y) Calculated over the trailing 1-year period	160.23%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	160.23%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	160.23%	—	—

SBTU vs. MSTK - Expense Ratio Comparison

SBTU has a 1.50% expense ratio, which is higher than MSTK's 0.99% expense ratio.

Dividends

SBTU vs. MSTK - Dividend Comparison

SBTU has not paid dividends to shareholders, while MSTK's dividend yield for the trailing twelve months is around 49.03%.

Position	TTM	2025
MSTK Tuttle Capital MSTR 0DTE Covered Call ETF	49.03%	26.75%
SBTU T-Rex 2X Long SBET Daily Target ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both SBTU and MSTK in my portfolio?

SBTU and MSTK have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SBTU or MSTK?

On fees, MSTK is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SBTU or MSTK?

MSTK is cheaper with a 0.99% expense ratio, compared with 1.50% for SBTU.

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

MSTK has the higher dividend yield at 49.03%, compared with 0.00% for SBTU.

What is the main difference between SBTU and MSTK?

SBTU is categorized as Leveraged Equities, while MSTK is Derivative Income. Their fees differ too: 1.50% for SBTU and 0.99% for MSTK.