SNOU vs. BILD

Last updated Jul 11, 2026

SNOU (T-Rex 2X Long SNOW Daily Target ETF) and BILD (Macquarie Global Listed Infrastructure ETF) are both exchange-traded funds - SNOU is a Leveraged Equities fund actively managed by T-Rex, while BILD is a Energy Equities fund actively managed by Macquarie. Both are actively managed. Over the past year, SNOU returned -5.59% vs 18.04% for BILD. At a correlation of -0.10, they often move in opposite directions. SNOU charges 1.50%/yr vs 0.49%/yr for BILD.

Performance

SNOU vs. BILD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Long SNOW Daily Target ETF (SNOU) and Macquarie Global Listed Infrastructure ETF (BILD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SNOU achieves a 2.83% return, which is significantly lower than BILD's 9.93% return.

SNOU

• 1D: -5.04%
• 1M: 15.21%
• 6M: 3.96%
• YTD: 2.83%
• 1Y: -5.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BILD

• 1D: 0.83%
• 1M: 1.49%
• 6M: 9.22%
• YTD: 9.93%
• 1Y: 18.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SNOU vs. BILD - Yearly Performance Comparison

	2026 (YTD)	2025
SNOU T-Rex 2X Long SNOW Daily Target ETF	2.83%	63.07%
BILD Macquarie Global Listed Infrastructure ETF	9.93%	11.62%

Correlation

The correlation between SNOU and BILD is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.13
Correlation (All Time) Calculated using the full available price history since Apr 24, 2025	-0.10

Return for Risk

SNOU vs. BILD — Risk / Return Rank

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

SNOU

SNOU Risk / Return Rank: 13
SNOU Sharpe Ratio Rank: 9
SNOU Sortino Ratio Rank: 19
SNOU Omega Ratio Rank: 20
SNOU Calmar Ratio Rank: 8
SNOU Martin Ratio Rank: 8

BILD

BILD Risk / Return Rank: 61
BILD Sharpe Ratio Rank: 61
BILD Sortino Ratio Rank: 58
BILD Omega Ratio Rank: 60
BILD Calmar Ratio Rank: 73
BILD Martin Ratio Rank: 53

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.

SNOU vs. BILD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long SNOW Daily Target ETF (SNOU) and Macquarie Global Listed Infrastructure ETF (BILD). 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.

	SNOU	BILD	Difference
Sharpe ratio: Return per unit of total volatility	-0.06	1.63	-1.69
Sortino ratio: Return per unit of downside risk	0.92	2.21	-1.29
Omega ratio: Gain probability vs. loss probability	1.12	1.29	-0.18
Calmar ratio: Return relative to maximum drawdown	-0.10	2.96	-3.06
Martin ratio: Return relative to average drawdown	-0.18	7.23	-7.41

SNOU vs. BILD - Sharpe Ratio Comparison

The current SNOU Sharpe Ratio is -0.06, which is lower than the BILD Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of SNOU and BILD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SNOU vs. BILD - Drawdown Comparison

The maximum SNOU drawdown since its inception was -84.17%, which is greater than BILD's maximum drawdown of -14.78%. Use the drawdown chart below to compare losses from any high point for SNOU and BILD.

Drawdown Indicators

	SNOU	BILD	Difference
Max Drawdown Largest peak-to-trough decline	-84.17%	-14.78%	-69.39%
Max Drawdown (1Y) Largest decline over 1 year	-84.17%	-6.05%	-78.12%
Current Drawdown Current decline from peak	-39.38%	-2.67%	-36.71%
Average Drawdown Average peak-to-trough decline	-33.46%	-3.71%	-29.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	47.27%	2.47%	+44.80%

Volatility

SNOU vs. BILD - Volatility Comparison

T-Rex 2X Long SNOW Daily Target ETF (SNOU) has a higher volatility of 24.68% compared to Macquarie Global Listed Infrastructure ETF (BILD) at 3.42%. This indicates that SNOU's price experiences larger fluctuations and is considered to be riskier than BILD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SNOU	BILD	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.68%	3.42%	+21.26%
Volatility (6M) Calculated over the trailing 6-month period	104.33%	9.20%	+95.13%
Volatility (1Y) Calculated over the trailing 1-year period	133.42%	10.98%	+122.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	126.05%	13.15%	+112.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	126.05%	13.15%	+112.90%

SNOU vs. BILD - Expense Ratio Comparison

SNOU has a 1.50% expense ratio, which is higher than BILD's 0.49% expense ratio.

Dividends

SNOU vs. BILD - Dividend Comparison

SNOU's dividend yield for the trailing twelve months is around 5.81%, more than BILD's 4.69% yield.

Position	TTM	2025	2024	2023
BILD Macquarie Global Listed Infrastructure ETF	4.69%	3.05%	5.53%	0.52%
SNOU T-Rex 2X Long SNOW Daily Target ETF	5.81%	5.97%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SNOU and BILD in my portfolio?

SNOU and BILD have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SNOU or BILD?

SNOU has higher volatility (24.68%) compared to BILD (3.42%). In terms of maximum drawdown, SNOU dropped -84.17% vs BILD's -14.78%.

Which ETF is better, SNOU or BILD?

On 1-year performance, BILD leads with 18.04% vs -5.59% for SNOU. On fees, BILD is cheaper at 0.49% per year. On volatility, BILD has been the lower-risk option at 3.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SNOU or BILD?

Over the 1-year period, BILD has performed better with a 18.04% return vs -5.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SNOU or BILD?

BILD is cheaper with a 0.49% expense ratio, compared with 1.50% for SNOU.

Which ETF pays a higher dividend yield, SNOU or BILD?

SNOU has the higher dividend yield at 5.81%, compared with 4.69% for BILD.

What is the main difference between SNOU and BILD?

SNOU is categorized as Leveraged Equities, while BILD is Energy Equities. They also come from different issuers: T-Rex and Macquarie. Their fees differ too: 1.50% for SNOU and 0.49% for BILD.

Which has better risk-adjusted returns?

BILD currently has the higher Sharpe Ratio (1.63 vs -0.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.