SNOU vs. BILT

Last updated Aug 1, 2026

SNOU (T-Rex 2X Long SNOW Daily Target ETF) and BILT (iShares Infrastructure Active ETF) are both exchange-traded funds - SNOU is a Leveraged Equities fund actively managed by T-Rex, while BILT is a Infrastructure Equities fund actively managed by iShares. Both are actively managed. Over the past year, SNOU returned 24.96% vs 17.98% for BILT. Their -0.15 correlation means they have often moved in opposite directions in the past. SNOU charges 1.50%/yr vs 0.60%/yr for BILT.

Performance

SNOU vs. BILT - 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 iShares Infrastructure Active ETF (BILT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SNOU achieves a 27.31% return, which is significantly higher than BILT's 14.30% return.

SNOU

• 1D: -3.66%
• 1M: 25.24%
• 6M: 67.03%
• YTD: 27.31%
• 1Y: 24.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 77.93%

BILT

• 1D: 0.11%
• 1M: -1.05%
• 6M: 8.99%
• YTD: 14.30%
• 1Y: 17.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.07%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BILT iShares Infrastructure Active ETF	$2.38M	$1.70M	$1.65M
SNOU T-Rex 2X Long SNOW Daily Target ETF	$5.27M	$4.01M	$7.58M

SNOU vs. BILT - Yearly Performance Comparison

	2026 (YTD)	2025
SNOU T-Rex 2X Long SNOW Daily Target ETF	27.31%	-15.51%
BILT iShares Infrastructure Active ETF	14.30%	4.16%

Correlation

The correlation between SNOU and BILT is -0.15, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.15
Correlation (All Time) Calculated using the full available price history since Jul 31, 2025	-0.15

Return for Risk

SNOU vs. BILT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SNOU

SNOU Risk / Return Rank: 19
SNOU Sharpe Ratio Rank: 12
SNOU Sortino Ratio Rank: 29
SNOU Omega Ratio Rank: 29
SNOU Calmar Ratio Rank: 12
SNOU Martin Ratio Rank: 12

BILT

BILT Risk / Return Rank: 81
BILT Sharpe Ratio Rank: 80
BILT Sortino Ratio Rank: 79
BILT Omega Ratio Rank: 78
BILT Calmar Ratio Rank: 88
BILT Martin Ratio Rank: 81

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SNOU vs. BILT - 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 iShares Infrastructure Active ETF (BILT). 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	BILT	Difference
Sharpe ratio: Return per unit of total volatility	0.03	1.84	-1.81
Sortino ratio: Return per unit of downside risk	1.11	2.56	-1.45
Omega ratio: Gain probability vs. loss probability	1.14	1.33	-0.19
Calmar ratio: Return relative to maximum drawdown	0.05	3.52	-3.47
Martin ratio: Return relative to average drawdown	0.09	10.60	-10.51

SNOU vs. BILT - Sharpe Ratio Comparison

The current SNOU Sharpe Ratio is 0.03, which is lower than the BILT Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of SNOU and BILT, 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. BILT - Drawdown Comparison

The maximum SNOU drawdown since its inception was -84.17%, which is greater than BILT's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for SNOU and BILT.

Drawdown Indicators

	SNOU	BILT	Difference
Max Drawdown Largest peak-to-trough decline	-84.17%	-5.38%	-78.79%
Max Drawdown (1Y) Largest decline over 1 year	-84.17%	-5.38%	-78.79%
Current Drawdown Current decline from peak	-24.96%	-2.25%	-22.71%
Average Drawdown Average peak-to-trough decline	-33.45%	-1.36%	-32.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	47.98%	1.78%	+46.20%

Volatility

SNOU vs. BILT - Volatility Comparison

T-Rex 2X Long SNOW Daily Target ETF (SNOU) has a higher volatility of 19.50% compared to iShares Infrastructure Active ETF (BILT) at 3.10%. This indicates that SNOU's price experiences larger fluctuations and is considered to be riskier than BILT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SNOU	BILT	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.50%	3.10%	+16.40%
Volatility (6M) Calculated over the trailing 6-month period	102.92%	8.44%	+94.48%
Volatility (1Y) Calculated over the trailing 1-year period	134.19%	10.31%	+123.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	124.08%	10.31%	+113.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	124.08%	10.31%	+113.77%

SNOU vs. BILT - Expense Ratio Comparison

SNOU has a 1.50% expense ratio, which is higher than BILT's 0.60% expense ratio.

Dividends

SNOU vs. BILT - Dividend Comparison

SNOU's dividend yield for the trailing twelve months is around 4.69%, less than BILT's 5.70% yield.

Position	TTM	2025
BILT iShares Infrastructure Active ETF	5.70%	0.99%
SNOU T-Rex 2X Long SNOW Daily Target ETF	4.69%	5.97%

Frequently Asked Questions

Can I hold both SNOU and BILT in my portfolio?

SNOU and BILT have a correlation of -0.15, 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 BILT?

SNOU has higher volatility (19.50%) compared to BILT (3.10%). In terms of maximum drawdown, SNOU dropped -84.17% vs BILT's -5.38%.

Which ETF is better, SNOU or BILT?

On 1-year performance, SNOU leads with 24.96% vs 17.98% for BILT. On fees, BILT is cheaper at 0.60% per year. On volatility, BILT has been the lower-risk option at 3.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SNOU or BILT?

Over the 1-year period, SNOU has performed better with a 24.96% return vs 17.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SNOU or BILT?

BILT is cheaper with a 0.60% expense ratio, compared with 1.50% for SNOU.

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

BILT has the higher dividend yield at 5.70%, compared with 4.69% for SNOU.

What is the main difference between SNOU and BILT?

SNOU is categorized as Leveraged Equities, while BILT is Infrastructure Equities. They also come from different issuers: T-Rex and iShares. Their fees differ too: 1.50% for SNOU and 0.60% for BILT.

Which has better risk-adjusted returns?

BILT currently has the higher Sharpe Ratio (1.84 vs 0.03), 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.