SBU vs. BILS

Last updated Jun 4, 2026

SBU (Leverage Shares 2X Long SBUX Daily ETF) and BILS (SPDR Bloomberg 3-12 Month T-Bill ETF) are both exchange-traded funds - SBU is a Leveraged Equities fund actively managed by Leverage Shares, while BILS is a Ultrashort Bond fund tracking the Bloomberg 3-12 Month U.S. Treasury Bill Index. SBU is actively managed, while BILS is passively managed. At a correlation of -0.10, they often move in opposite directions. SBU charges 0.75%/yr vs 0.14%/yr for BILS.

Performance

SBU vs. BILS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long SBUX Daily ETF (SBU) and SPDR Bloomberg 3-12 Month T-Bill ETF (BILS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SBU achieves a 21.72% return, which is significantly higher than BILS's 1.40% return.

SBU

• 1D: 0.85%
• 1M: -16.51%
• YTD: 21.72%
• 6M: 11.90%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BILS

• 1D: -0.01%
• 1M: 0.28%
• YTD: 1.40%
• 6M: 1.73%
• 1Y: 3.90%
• 3Y*: 4.66%
• 5Y*: 3.29%
• 10Y*: —

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

SBU vs. BILS - Yearly Performance Comparison

	2026 (YTD)	2025
SBU Leverage Shares 2X Long SBUX Daily ETF	21.72%	-0.84%
BILS SPDR Bloomberg 3-12 Month T-Bill ETF	1.40%	0.52%

Correlation

The correlation between SBU and BILS is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025	-0.10

Return for Risk

SBU vs. BILS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BILS

BILS Risk / Return Rank: 100
BILS Sharpe Ratio Rank: 100
BILS Sortino Ratio Rank: 100
BILS Omega Ratio Rank: 100
BILS Calmar Ratio Rank: 100
BILS Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SBU vs. BILS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long SBUX Daily ETF (SBU) and SPDR Bloomberg 3-12 Month T-Bill ETF (BILS). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SBU	BILS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	16.80	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	10.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	9.79	-9.09

Drawdowns

SBU vs. BILS - Drawdown Comparison

The maximum SBU drawdown since its inception was -28.10%, which is greater than BILS's maximum drawdown of -0.41%. Use the drawdown chart below to compare losses from any high point for SBU and BILS.

Drawdown Indicators

	SBU	BILS	Difference
Max Drawdown Largest peak-to-trough decline	-28.10%	-0.41%	-27.69%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.03%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.04%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-0.38%	—
Current Drawdown Current decline from peak	-20.00%	-0.01%	-19.99%
Average Drawdown Average peak-to-trough decline	-6.56%	-0.04%	-6.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.00%	—

Volatility

Volatility by Period

	SBU	BILS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.06%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	59.78%	0.23%	+59.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.78%	0.31%	+59.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.78%	0.30%	+59.48%

SBU vs. BILS - Expense Ratio Comparison

SBU has a 0.75% expense ratio, which is higher than BILS's 0.14% expense ratio.

Dividends

SBU vs. BILS - Dividend Comparison

SBU has not paid dividends to shareholders, while BILS's dividend yield for the trailing twelve months is around 3.81%.

Position	TTM	2025	2024	2023	2022
BILS SPDR Bloomberg 3-12 Month T-Bill ETF	3.81%	4.08%	5.01%	4.98%	1.61%
SBU Leverage Shares 2X Long SBUX Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SBU and BILS in my portfolio?

SBU and BILS have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SBU or BILS?

On fees, BILS is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SBU or BILS?

BILS is cheaper with a 0.14% expense ratio, compared with 0.75% for SBU.

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

BILS has the higher dividend yield at 3.81%, compared with 0.00% for SBU.

What is the main difference between SBU and BILS?

SBU is categorized as Leveraged Equities, while BILS is Ultrashort Bond. They also come from different issuers: Leverage Shares and State Street. Their fees differ too: 0.75% for SBU and 0.14% for BILS.