SMCX vs BDEC

Comparison between DEFIANCE DAILY TARGET 2X LONG SMCI ETF (SMCX, ETF) and Innovator U.S. Equity Buffer ETF - December (BDEC, ETF).

SMCX vs BDEC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SMCX(ETF)	BDEC(ETF)
Net Assets	$266M	$265M
Expense Ratio	N/A	0.79%
Max Drawdown	99.06%	25.60%
Sharpe Ratio	-0.20	1.65
5Y Beta	4.72	0.64

Net Assets

Winner

SMCX

$266M

BDEC

$265M

Expense Ratio

SMCX

N/A

BDEC

0.79%

Max Drawdown

SMCX

99.06%

Winner

BDEC

25.60%

Sharpe Ratio

SMCX

-0.20

Winner

BDEC

1.65

5Y Beta

SMCX

4.72

Winner

BDEC

0.64

SMCX vs BDEC - Historical Returns

Returns include dividend reinvestment.

Period	SMCX	BDEC
1 month	-24.10%	+1.57%
3 months	-54.97%	+9.07%
6 months	-60.71%	+8.18%
1 year	-86.57%	+20.78%
5 years(CAGR)	N/A	+10.12%
Max(CAGR)	-90.30%	+11.44%

SMCX

-24.10%

Winner

BDEC

+1.57%

SMCX

-54.97%

Winner

BDEC

+9.07%

SMCX

-60.71%

Winner

BDEC

+8.18%

SMCX

-86.57%

Winner

BDEC

+20.78%

5Y(CAGR)

SMCX

N/A

BDEC

+10.12%

Max(CAGR)

SMCX

-90.30%

Winner

BDEC

+11.44%

SMCX vs BDEC - Annual Returns (2019 - 2026)

Returns include dividend reinvestment.

Year	SMCX	BDEC
2026	-58.55%	+7.59%
2025	-68.89%	+15.13%
2024	-89.57%	+12.85%
2023	N/A	+20.26%
2022	N/A	-9.52%
2021	N/A	+16.72%
2020	N/A	+12.85%
2019	N/A	+2.40%

SMCX vs BDEC Drawdown Comparison

The maximum drawdown for SMCX was -99.02%, occurring on Mar 20, 2026. This drawdown has not yet recovered.

The maximum drawdown for BDEC was -25.60%, occurring on Mar 23, 2020. Recovery took 118 trading sessions.

The current SMCX drawdown is -98.58%. The current BDEC drawdown is -0.14%.

Rank	SMCX	BDEC
#1	-99.02% Aug 23, 2024 - Mar 20, 2026	-25.60% Feb 19, 2020 - Aug 6, 2020
#2	N/A	-16.44% Jan 4, 2022 - Jun 12, 2023
#3	N/A	-13.95% Feb 19, 2025 - Jun 24, 2025
#4	N/A	-9.02% Jul 31, 2023 - Dec 1, 2023
#5	N/A	-6.52% Jan 28, 2026 - Apr 14, 2026
#6	N/A	-4.64% Oct 12, 2020 - Nov 6, 2020
#7	N/A	-4.28% Sep 2, 2020 - Oct 9, 2020
#8	N/A	-4.08% Jul 16, 2024 - Aug 16, 2024
#9	N/A	-3.84% Nov 11, 2025 - Nov 26, 2025
#10	N/A	-2.83% Dec 6, 2024 - Jan 22, 2025
#11	N/A	-2.79% Mar 28, 2024 - May 7, 2024
#12	N/A	-2.61% Jan 20, 2021 - Feb 8, 2021
#13	N/A	-2.46% Jun 2, 2026 - Jun 10, 2026
#14	N/A	-2.43% Feb 24, 2021 - Mar 11, 2021
#15	N/A	-2.24% May 7, 2021 - May 27, 2021

Correlation

Correlation between SMCX and BDEC is -0.54 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.54

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