SNOU vs. FUTG

Last updated Jun 4, 2026

SNOU (T-Rex 2X Long SNOW Daily Target ETF) and FUTG (Leverage Shares 2X Long FUTU Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.17 correlation, their price movements are largely independent. SNOU charges 1.50%/yr vs 0.75%/yr for FUTG.

Performance

SNOU vs. FUTG - 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 Leverage Shares 2X Long FUTU Daily ETF (FUTG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SNOU achieves a -10.09% return, which is significantly higher than FUTG's -75.53% return.

SNOU

• 1D: -14.91%
• 1M: 148.51%
• YTD: -10.09%
• 6M: -41.19%
• 1Y: -18.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FUTG

• 1D: -11.10%
• 1M: -70.24%
• YTD: -75.53%
• 6M: -77.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SNOU vs. FUTG - Yearly Performance Comparison

	2026 (YTD)	2025
SNOU T-Rex 2X Long SNOW Daily Target ETF	-10.09%	-22.26%
FUTG Leverage Shares 2X Long FUTU Daily ETF	-75.53%	-0.80%

Correlation

The correlation between SNOU and FUTG is 0.17, 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 Oct 15, 2025	0.17

Return for Risk

SNOU vs. FUTG — Risk / Return Rank

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

SNOU

SNOU Risk / Return Rank: 11
SNOU Sharpe Ratio Rank: 7
SNOU Sortino Ratio Rank: 16
SNOU Omega Ratio Rank: 17
SNOU Calmar Ratio Rank: 7
SNOU Martin Ratio Rank: 7

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. FUTG - 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 Leverage Shares 2X Long FUTU Daily ETF (FUTG). 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.

	SNOU	FUTG	Difference
Sharpe ratio: Return per unit of total volatility	-0.14	—	—
Sortino ratio: Return per unit of downside risk	0.76	—	—
Omega ratio: Gain probability vs. loss probability	1.10	—	—
Calmar ratio: Return relative to maximum drawdown	-0.22	—	—
Martin ratio: Return relative to average drawdown	-0.40	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SNOU	FUTG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.14	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	-0.66	+0.92

Drawdowns

SNOU vs. FUTG - Drawdown Comparison

The maximum SNOU drawdown since its inception was -84.17%, roughly equal to the maximum FUTG drawdown of -86.19%. Use the drawdown chart below to compare losses from any high point for SNOU and FUTG.

Drawdown Indicators

	SNOU	FUTG	Difference
Max Drawdown Largest peak-to-trough decline	-84.17%	-86.19%	+2.02%
Max Drawdown (1Y) Largest decline over 1 year	-84.17%	—	—
Current Drawdown Current decline from peak	-47.00%	-84.29%	+37.29%
Average Drawdown Average peak-to-trough decline	-32.45%	-40.35%	+7.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	45.13%	—	—

Volatility

Volatility by Period

	SNOU	FUTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	67.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	106.45%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	131.53%	136.01%	-4.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	129.34%	136.01%	-6.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	129.34%	136.01%	-6.67%

SNOU vs. FUTG - Expense Ratio Comparison

SNOU has a 1.50% expense ratio, which is higher than FUTG's 0.75% expense ratio.

Dividends

SNOU vs. FUTG - Dividend Comparison

SNOU's dividend yield for the trailing twelve months is around 6.64%, while FUTG has not paid dividends to shareholders.

Position	TTM	2025
FUTG Leverage Shares 2X Long FUTU Daily ETF	0.00%	0.00%
SNOU T-Rex 2X Long SNOW Daily Target ETF	6.64%	5.97%

Frequently Asked Questions

Can I hold both SNOU and FUTG in my portfolio?

SNOU and FUTG have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SNOU or FUTG?

On fees, FUTG 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, SNOU or FUTG?

FUTG is cheaper with a 0.75% expense ratio, compared with 1.50% for SNOU.

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

SNOU has the higher dividend yield at 6.64%, compared with 0.00% for FUTG.

What is the main difference between SNOU and FUTG?

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