SMCX vs FRNW

Comparison between DEFIANCE DAILY TARGET 2X LONG SMCI ETF (SMCX, ETF) and FIDELITY CLEAN ENERGY ETF (FRNW, ETF).

SMCX vs FRNW - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SMCX(ETF)	FRNW(ETF)
Net Assets	$154M	$154M
Expense Ratio	N/A	0.39%
Max Drawdown	99.27%	60.67%
Sharpe Ratio	-0.58	1.24
5Y Beta	4.69	0.88
P/E Ratio	N/A	-3.28
Forward P/E	N/A	19.26
PEG Ratio	N/A	-0.00
Debt to Equity	N/A	-148.85%
P/S Ratio	N/A	0.58
P/B Ratio	N/A	3.72

Net Assets

SMCX

$154M

Winner

FRNW

$154M

Expense Ratio

SMCX

N/A

FRNW

0.39%

Max Drawdown

SMCX

99.27%

Winner

FRNW

60.67%

Sharpe Ratio

SMCX

-0.58

Winner

FRNW

1.24

5Y Beta

SMCX

4.69

Winner

FRNW

0.88

P/E Ratio

SMCX

N/A

FRNW

-3.28

Forward P/E

SMCX

N/A

FRNW

19.26

PEG Ratio

SMCX

N/A

FRNW

-0.00

Debt to Equity

SMCX

N/A

FRNW

-148.85%

P/S Ratio

SMCX

N/A

FRNW

0.58

P/B Ratio

SMCX

N/A

FRNW

3.72

SMCX vs FRNW - Holdings Comparison

SMCX and FRNW have 0 common holdings. Overlap is 0.00%

SMCX's top 25 holdings weight is 6.08%. FRNW's top 25 holdings weight is 74.34%.

Rank	SMCX	FRNW
#1	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 5.08%	n/a (n/a) - 7.14%
#2	SUPER MICRO COMPUTER INC (SMCI) - 0.94%	GE VERNOVA INC (GEV) - 5.78%
#3	DREYFUS GOVERNMENT CASH MGMT INSTL (DGCXX) - 0.06%	VESTAS WIND SYSTEMS AS (n/a) - 4.74%
#4	N/A	BLOOM ENERGY CORP CLASS A (BE) - 4.01%
#5	N/A	EDP-ENERGIAS DE PORTUGAL SA (n/a) - 3.85%
#6	N/A	FIRST SOLAR INC (FSLR) - 3.70%
#7	N/A	NEXTPOWER INC CLASS A (NXT) - 3.22%
#8	N/A	ENLIGHT RENEWABLE ENERGY LTD (n/a) - 3.12%
#9	N/A	ORSTED AS (n/a) - 3.09%
#10	N/A	ACCIONA SA (n/a) - 2.74%
#11	N/A	NORDEX SE AKT. NACH KAPITALHERABSETZUNG (n/a) - 2.61%
#12	N/A	VERBUND AG CLASS A (n/a) - 2.53%
#13	N/A	ORMAT TECHNOLOGIES INC (ORA) - 2.41%
#14	N/A	E.ON SE (n/a) - 2.41%
#15	N/A	n/a (BEPC) - 2.36%
#16	N/A	ITRON INC (ITRI) - 2.34%
#17	N/A	MERIDIAN ENERGY LTD (n/a) - 2.24%
#18	N/A	NORTHLAND POWER INC (n/a) - 2.21%
#19	N/A	VINCI SA (n/a) - 2.17%
#20	N/A	CLEARWAY ENERGY INC CLASS C (CWEN) - 2.05%
#21	N/A	EDP RENEWABLES SA (n/a) - 2.00%
#22	N/A	ENPHASE ENERGY INC (ENPH) - 1.96%
#23	N/A	MERCURY NZ LTD (n/a) - 1.95%
#24	N/A	BORALEX INC CLASS A (n/a) - 1.87%
#25	N/A	n/a (n/a) - 1.84%
Total Holdings	3	69

SMCX vs FRNW - Historical Returns

Returns include dividend reinvestment.

Period	SMCX	FRNW
1 month	-51.69%	-8.53%
3 months	-49.65%	-1.68%
6 months	-75.82%	+7.03%
1 year	-93.64%	+38.01%
5 years(CAGR)	N/A	-0.91%
Max(CAGR)	-91.53%	-0.91%

SMCX

-51.69%

Winner

FRNW

-8.53%

SMCX

-49.65%

Winner

FRNW

-1.68%

SMCX

-75.82%

Winner

FRNW

+7.03%

SMCX

-93.64%

Winner

FRNW

+38.01%

5Y(CAGR)

SMCX

N/A

FRNW

-0.91%

Max(CAGR)

SMCX

-91.53%

Winner

FRNW

-0.91%

SMCX vs FRNW - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	SMCX	FRNW
2026	-74.59%	+9.70%
2025	-68.89%	+48.65%
2024	-89.57%	-19.59%
2023	N/A	-19.15%
2022	N/A	-12.49%
2021	N/A	-2.85%

SMCX vs FRNW Drawdown Comparison

The maximum drawdown for SMCX was -99.24%, occurring on Jul 20, 2026. This drawdown has not yet recovered.

The maximum drawdown for FRNW was -59.37%, occurring on Apr 8, 2025. This drawdown has not yet recovered.

The current SMCX drawdown is -99.13%. The current FRNW drawdown is -17.26%.

Rank	SMCX	FRNW
#1	-99.24% Aug 23, 2024 - Jul 20, 2026	-59.37% Nov 1, 2021 - Apr 8, 2025
#2	N/A	-1.71% Oct 7, 2021 - Oct 12, 2021
#3	N/A	-1.39% Oct 21, 2021 - Oct 25, 2021
#4	N/A	-0.52% Oct 25, 2021 - Oct 27, 2021
#5	N/A	-0.26% Oct 28, 2021 - Nov 1, 2021
#6	N/A	-0.19% Oct 15, 2021 - Oct 19, 2021

Correlation

Correlation between SMCX and FRNW is -0.47 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.47

-101