SOUX vs. SBU

Last updated Jun 25, 2026

SOUX (Defiance Daily Target 2X Long SOUN ETF) and SBU (Leverage Shares 2X Long SBUX Daily ETF) are both Leveraged Equities funds. At a 0.09 correlation, their price movements are largely independent. SOUX charges 1.29%/yr vs 0.75%/yr for SBU.

Performance

SOUX vs. SBU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long SOUN ETF (SOUX) and Leverage Shares 2X Long SBUX Daily ETF (SBU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SOUX achieves a -74.34% return, which is significantly lower than SBU's 40.54% return.

SOUX

• 1D: -4.42%
• 1M: -44.51%
• YTD: -74.34%
• 6M: -79.06%
• 1Y: -84.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SBU

• 1D: 4.52%
• 1M: -0.19%
• YTD: 40.54%
• 6M: 39.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOUX vs. SBU - Yearly Performance Comparison

	2026 (YTD)	2025
SOUX Defiance Daily Target 2X Long SOUN ETF	-74.34%	-39.16%
SBU Leverage Shares 2X Long SBUX Daily ETF	40.54%	-6.03%

Correlation

The correlation between SOUX and SBU is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	0.09

Return for Risk

SOUX vs. SBU — Risk / Return Rank

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

SOUX

SOUX Risk / Return Rank: 4
SOUX Sharpe Ratio Rank: 5
SOUX Sortino Ratio Rank: 5
SOUX Omega Ratio Rank: 5
SOUX Calmar Ratio Rank: 1
SOUX Martin Ratio Rank: 4

SBU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

SOUX vs. SBU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long SOUN ETF (SOUX) and Leverage Shares 2X Long SBUX Daily ETF (SBU). 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.

	SOUX	SBU	Difference
Sharpe ratio: Return per unit of total volatility	-0.52	—	—
Sortino ratio: Return per unit of downside risk	-0.61	—	—
Omega ratio: Gain probability vs. loss probability	0.94	—	—
Calmar ratio: Return relative to maximum drawdown	-0.89	—	—
Martin ratio: Return relative to average drawdown	-1.21	—	—

Drawdowns

SOUX vs. SBU - Drawdown Comparison

The maximum SOUX drawdown since its inception was -95.47%, which is greater than SBU's maximum drawdown of -28.10%. Use the drawdown chart below to compare losses from any high point for SOUX and SBU.

Drawdown Indicators

	SOUX	SBU	Difference
Max Drawdown Largest peak-to-trough decline	-95.47%	-28.10%	-67.37%
Max Drawdown (1Y) Largest decline over 1 year	-95.47%	—	—
Current Drawdown Current decline from peak	-95.47%	-7.63%	-87.84%
Average Drawdown Average peak-to-trough decline	-61.24%	-7.39%	-53.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	69.89%	—	—

Volatility

Volatility by Period

	SOUX	SBU	Difference
Volatility (1M) Calculated over the trailing 1-month period	41.48%	—	—
Volatility (6M) Calculated over the trailing 6-month period	104.67%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	161.61%	59.33%	+102.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	161.61%	59.33%	+102.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	161.61%	59.33%	+102.28%

SOUX vs. SBU - Expense Ratio Comparison

SOUX has a 1.29% expense ratio, which is higher than SBU's 0.75% expense ratio.

Dividends

SOUX vs. SBU - Dividend Comparison

SOUX's dividend yield for the trailing twelve months is around 79.09%, while SBU has not paid dividends to shareholders.

Position	TTM	2025
SBU Leverage Shares 2X Long SBUX Daily ETF	0.00%	0.00%
SOUX Defiance Daily Target 2X Long SOUN ETF	79.09%	20.29%

Frequently Asked Questions

Can I hold both SOUX and SBU in my portfolio?

SOUX and SBU have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SOUX or SBU?

On fees, SBU 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, SOUX or SBU?

SBU is cheaper with a 0.75% expense ratio, compared with 1.29% for SOUX.

Which ETF pays a higher dividend yield, SOUX or SBU?

SOUX has the higher dividend yield at 79.09%, compared with 0.00% for SBU.

What is the main difference between SOUX and SBU?

They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.29% for SOUX and 0.75% for SBU.