SMUP vs. HUTG

Last updated Jun 5, 2026

SMUP (T-REX 2X Long SMR Daily Target ETF) and HUTG (Leverage Shares 2X Long HUT Daily ETF) are both Leveraged Equities funds. SMUP is actively managed, while HUTG is passively managed. A 0.63 correlation means they provide meaningful diversification when combined. SMUP charges 1.50%/yr vs 0.75%/yr for HUTG.

Performance

SMUP vs. HUTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-REX 2X Long SMR Daily Target ETF (SMUP) and Leverage Shares 2X Long HUT Daily ETF (HUTG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SMUP

• 1D: -5.76%
• 1M: -7.99%
• YTD: -56.52%
• 6M: -84.29%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HUTG

• 1D: -6.09%
• 1M: 122.13%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SMUP vs. HUTG - Yearly Performance Comparison

	2026 (YTD)
SMUP T-REX 2X Long SMR Daily Target ETF	-75.19%
HUTG Leverage Shares 2X Long HUT Daily ETF	163.16%

Correlation

The correlation between SMUP and HUTG is 0.63, 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 Jan 14, 2026	0.63

Return for Risk

SMUP vs. HUTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long SMR Daily Target ETF (SMUP) and Leverage Shares 2X Long HUT Daily ETF (HUTG). 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

	SMUP	HUTG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.49	5.05	-5.54

Drawdowns

SMUP vs. HUTG - Drawdown Comparison

The maximum SMUP drawdown since its inception was -98.64%, which is greater than HUTG's maximum drawdown of -66.30%. Use the drawdown chart below to compare losses from any high point for SMUP and HUTG.

Drawdown Indicators

	SMUP	HUTG	Difference
Max Drawdown Largest peak-to-trough decline	-98.64%	-66.30%	-32.34%
Current Drawdown Current decline from peak	-98.14%	-8.45%	-89.69%
Average Drawdown Average peak-to-trough decline	-79.25%	-26.62%	-52.63%

Volatility

Volatility by Period

	SMUP	HUTG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	203.27%	219.64%	-16.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	203.27%	219.64%	-16.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	203.27%	219.64%	-16.37%

SMUP vs. HUTG - Expense Ratio Comparison

SMUP has a 1.50% expense ratio, which is higher than HUTG's 0.75% expense ratio.

Dividends

SMUP vs. HUTG - Dividend Comparison

SMUP's dividend yield for the trailing twelve months is around 51.96%, while HUTG has not paid dividends to shareholders.

Position	TTM	2025
HUTG Leverage Shares 2X Long HUT Daily ETF	0.00%	0.00%
SMUP T-REX 2X Long SMR Daily Target ETF	51.96%	22.59%

Frequently Asked Questions

Can I hold both SMUP and HUTG in my portfolio?

SMUP and HUTG have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SMUP or HUTG?

On fees, HUTG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SMUP or HUTG?

HUTG is cheaper with a 0.75% expense ratio, compared with 1.50% for SMUP.

Which ETF pays a higher dividend yield, SMUP or HUTG?

SMUP has the higher dividend yield at 51.96%, compared with 0.00% for HUTG.

What is the main difference between SMUP and HUTG?

They also come from different issuers: T-Rex and Leverage Shares. Their fees differ too: 1.50% for SMUP and 0.75% for HUTG.