SBTU vs. PYPG
SBTU (T-Rex 2X Long SBET Daily Target ETF) and PYPG (Leverage Shares 2X Long PYPL Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.37 correlation, their price movements are largely independent. SBTU charges 1.50%/yr vs 0.75%/yr for PYPG.
Performance
SBTU vs. PYPG - Performance Comparison
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Returns By Period
In the year-to-date period, SBTU achieves a -78.65% return, which is significantly lower than PYPG's -56.83% return.
SBTU
- 1D
- -12.70%
- 1M
- -39.34%
- YTD
- -78.65%
- 6M
- -80.08%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PYPG
- 1D
- -2.91%
- 1M
- -12.23%
- YTD
- -56.83%
- 6M
- -58.46%
- 1Y
- -75.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SBTU vs. PYPG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SBTU T-Rex 2X Long SBET Daily Target ETF | -78.65% | -67.09% |
PYPG Leverage Shares 2X Long PYPL Daily ETF | -56.83% | -31.34% |
Correlation
The correlation between SBTU and PYPG is 0.37, 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 | 0.37 |
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Return for Risk
SBTU vs. PYPG — Risk / Return Rank
SBTU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PYPG
SBTU vs. PYPG - 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 Leverage Shares 2X Long PYPL Daily ETF (PYPG). 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.
| SBTU | PYPG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.77 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.95 | — |
| Martin ratioReturn relative to average drawdown | — | -1.41 | — |
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Drawdowns
SBTU vs. PYPG - Drawdown Comparison
The maximum SBTU drawdown since its inception was -93.04%, which is greater than PYPG's maximum drawdown of -79.52%. Use the drawdown chart below to compare losses from any high point for SBTU and PYPG.
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Drawdown Indicators
| SBTU | PYPG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.04% | -79.52% | -13.52% |
Max Drawdown (1Y)Largest decline over 1 year | — | -79.52% | — |
Current DrawdownCurrent decline from peak | -93.04% | -78.42% | -14.62% |
Average DrawdownAverage peak-to-trough decline | -69.92% | -39.62% | -30.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 53.17% | — |
Volatility
SBTU vs. PYPG - Volatility Comparison
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Volatility by Period
| SBTU | PYPG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 17.84% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 69.17% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 160.40% | 77.66% | +82.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 160.40% | 77.81% | +82.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 160.40% | 77.81% | +82.59% |
SBTU vs. PYPG - Expense Ratio Comparison
SBTU has a 1.50% expense ratio, which is higher than PYPG's 0.75% expense ratio.
Dividends
SBTU vs. PYPG - Dividend Comparison
Neither SBTU nor PYPG has paid dividends to shareholders.
Frequently Asked Questions
SBTU and PYPG have a correlation of 0.37, 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.
SBTU and PYPG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Tuttle Capital Management and Leverage Shares. Their fees differ too: 1.50% for SBTU and 0.75% for PYPG.
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