SNAG vs. SBTU

Last updated Jun 5, 2026

SNAG (Leverage Shares 2X Long SNAP Daily ETF) and SBTU (T-Rex 2X Long SBET Daily Target ETF) are both Leveraged Equities funds. SNAG is passively managed, while SBTU is actively managed. At a 0.35 correlation, their price movements are largely independent. SNAG charges 0.75%/yr vs 1.50%/yr for SBTU.

Performance

SNAG vs. SBTU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long SNAP Daily ETF (SNAG) and T-Rex 2X Long SBET Daily Target ETF (SBTU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SNAG achieves a -54.52% return, which is significantly higher than SBTU's -70.50% return.

SNAG

• 1D: 10.73%
• 1M: -4.21%
• YTD: -54.52%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SBTU

• 1D: 8.06%
• 1M: -46.10%
• YTD: -70.50%
• 6M: -82.05%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SNAG vs. SBTU - Yearly Performance Comparison

	2026 (YTD)	2025
SNAG Leverage Shares 2X Long SNAP Daily ETF	-54.52%	11.30%
SBTU T-Rex 2X Long SBET Daily Target ETF	-70.50%	-3.37%

Correlation

The correlation between SNAG and SBTU is 0.35, 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 Dec 19, 2025	0.35

Return for Risk

SNAG vs. SBTU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long SNAP Daily ETF (SNAG) and T-Rex 2X Long SBET Daily Target ETF (SBTU). 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

	SNAG	SBTU	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.66	-0.61	-0.05

Drawdowns

SNAG vs. SBTU - Drawdown Comparison

The maximum SNAG drawdown since its inception was -81.94%, smaller than the maximum SBTU drawdown of -91.09%. Use the drawdown chart below to compare losses from any high point for SNAG and SBTU.

Drawdown Indicators

	SNAG	SBTU	Difference
Max Drawdown Largest peak-to-trough decline	-81.94%	-91.09%	+9.15%
Current Drawdown Current decline from peak	-61.45%	-90.38%	+28.93%
Average Drawdown Average peak-to-trough decline	-54.49%	-68.68%	+14.19%

Volatility

Volatility by Period

	SNAG	SBTU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	119.01%	161.42%	-42.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	119.01%	161.42%	-42.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	119.01%	161.42%	-42.41%

SNAG vs. SBTU - Expense Ratio Comparison

SNAG has a 0.75% expense ratio, which is lower than SBTU's 1.50% expense ratio.

Dividends

SNAG vs. SBTU - Dividend Comparison

Neither SNAG nor SBTU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SNAG and SBTU in my portfolio?

SNAG and SBTU have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SNAG or SBTU?

On fees, SNAG 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, SNAG or SBTU?

SNAG is cheaper with a 0.75% expense ratio, compared with 1.50% for SBTU.

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

SNAG and SBTU have nearly identical dividend yields, around 0.00%.

What is the main difference between SNAG and SBTU?

They also come from different issuers: Leverage Shares and Tuttle Capital Management. Their fees differ too: 0.75% for SNAG and 1.50% for SBTU.