# SBTU (T-REX 2X LONG SBET DAILY TARGET ETF)

T-REX · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: SBTU returned +119.3% where its own daily promise gave +128.6%, 9.3 points short.

## Key facts

- SBTU, what SBET did: +61.2%, as of Sep 11, 2026.
- SBTU, what +2 times a day gives: +128.6%, as of Sep 11, 2026.
- SBTU, what the fund returned: +119.3%, as of Sep 11, 2026.
- SBTU, the fund itself cost: −9.3 pts, as of Sep 11, 2026.
- SBTU, net assets: $2m (source, as filed for May 31, 2026).
- SBTU, expense ratio: 1.50% (485BPOS XBRL, Oct 15, 2025).

## SBTU over each window to Sep 11, 2026

| Window | Fund | SBET | +2x the move | Difference | SBET moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +92.1% | +43.7% | +87.4% | +4.8 pts | 81% |
| 3 months | +119.3% | +61.2% | +122.3% | −3.0 pts | 73% |
| 6 months | +0.4% | +17.9% | +35.9% | −35.5 pts | 71% |
| Since launch | −81.0% | −38.1% | −76.2% | −4.9 pts | 78% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of SBET, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.95 times, against +2 stated | ETFIQ |
| Underlying | SBET | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $2m | source, as filed for May 31, 2026 |
| Expense ratio | 1.50% | 485BPOS XBRL, Oct 15, 2025 |
| Launched | Oct 21, 2025 | ETFIQ |
| Underlying volatility over the window | 73% annualized | ETFIQ |

## Questions

### Did SBTU return +2 times SBET?

Over the window to Sep 11, 2026, SBET moved +61.2% and SBTU returned +119.3%. 2 times that move is +122.3%, so the fund came out 3.0 points short of it.

### Why does SBTU not return +2 times over a year?

Because it resets daily. SBTU aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, SBTU, data as of Sep 11, 2026. https://etfiq.com/funds/SBTU
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/SBTU  ·  JSON: https://etfiq.com/funds/SBTU.json