SBU vs. BILS
SBU (Leverage Shares 2X Long SBUX Daily ETF) and BILS (State Street 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. Their -0.07 correlation means they have often moved in opposite directions in the past. SBU charges 0.75%/yr vs 0.14%/yr for BILS.
Performance
SBU vs. BILS - Performance Comparison
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Returns By Period
In the year-to-date period, SBU achieves a 37.13% return, which is significantly higher than BILS's 2.00% return.
SBU
- 1D
- 0.00%
- 1M
- -3.16%
- 6M
- 17.32%
- YTD
- 37.13%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
BILS
- 1D
- 0.02%
- 1M
- 0.28%
- 6M
- 1.72%
- YTD
- 2.00%
- 1Y
- 3.76%
- 3Y*
- 4.58%
- 5Y*
- 3.42%
- 10Y*
- —
- ALL TIME*
- 2.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $29.26M | $30.42M | $33.30M | |
| $33.21K | $56.12K | $82.59K |
SBU vs. BILS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SBU Leverage Shares 2X Long SBUX Daily ETF | 37.13% | -6.03% |
BILS State Street SPDR Bloomberg 3-12 Month T-Bill ETF | 2.00% | 0.53% |
Correlation
The correlation between SBU and BILS is -0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | -0.07 |
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Return for Risk
SBU vs. BILS — Risk / Return Rank
SBU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BILS
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 State Street 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.
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.
| SBU | BILS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 30.56 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 128.82 | — |
| Martin ratioReturn relative to average drawdown | — | 1,210.03 | — |
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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.
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Drawdown Indicators
| SBU | BILS | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 | — | -0.36% | — |
Current DrawdownCurrent decline from peak | -9.87% | 0.00% | -9.87% |
Average DrawdownAverage peak-to-trough decline | -7.34% | -0.04% | -7.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.00% | — |
Volatility
SBU vs. BILS - Volatility Comparison
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Volatility by Period
| SBU | BILS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.07% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.14% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 57.01% | 0.24% | +56.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.01% | 0.31% | +56.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.01% | 0.29% | +56.72% |
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 3.76%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BILS State Street SPDR Bloomberg 3-12 Month T-Bill ETF | 3.41% | 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
SBU and BILS have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
BILS is cheaper with a 0.14% expense ratio, compared with 0.75% for SBU.
BILS has the higher dividend yield at 3.41%, compared with 0.00% for SBU.
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.
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