SMCX vs SPYT

Comparison between DEFIANCE DAILY TARGET 2X LONG SMCI ETF (SMCX, ETF) and DEFIANCE S&P 500 INCOME TARGET ETF (SPYT, ETF).

SMCX vs SPYT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SMCX(ETF)	SPYT(ETF)
Net Assets	$154M	$154M
Expense Ratio	N/A	0.92%
Max Drawdown	99.27%	24.76%
Sharpe Ratio	-0.58	1.14
5Y Beta	4.69	0.90

Net Assets

SMCX

$154M

Winner

SPYT

$154M

Expense Ratio

SMCX

N/A

SPYT

0.92%

Max Drawdown

SMCX

99.27%

Winner

SPYT

24.76%

Sharpe Ratio

SMCX

-0.58

Winner

SPYT

1.14

5Y Beta

SMCX

4.69

Winner

SPYT

0.90

SMCX vs SPYT - Holdings Comparison

SMCX and SPYT have 1 common holdings. Overlap is 0.18%

SMCX's top 25 holdings weight is 6.08%. SPYT's top 25 holdings weight is 99.93%.

Rank	SMCX	SPYT
#1	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 5.08%	ISHARES CORE S&P 500 ETF (IVV) - 99.75%
#2	SUPER MICRO COMPUTER INC (SMCI) - 0.94%	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.18%
#3	DREYFUS GOVERNMENT CASH MGMT INSTL (DGCXX) - 0.06%	N/A
#4	N/A	N/A
#5	N/A	N/A
#6	N/A	N/A
#7	N/A	N/A
#8	N/A	N/A
#9	N/A	N/A
#10	N/A	N/A
#11	N/A	N/A
#12	N/A	N/A
#13	N/A	N/A
#14	N/A	N/A
#15	N/A	N/A
#16	N/A	N/A
#17	N/A	N/A
#18	N/A	N/A
#19	N/A	N/A
#20	N/A	N/A
#21	N/A	N/A
#22	N/A	N/A
#23	N/A	N/A
#24	N/A	N/A
#25	N/A	N/A
Total Holdings	3	2

SMCX vs SPYT - Historical Returns

Returns include dividend reinvestment.

Period	SMCX	SPYT
1 month	-51.69%	+0.69%
3 months	-49.65%	+5.68%
6 months	-75.82%	+9.12%
1 year	-93.64%	+17.39%
Max(CAGR)	-91.53%	+14.91%

SMCX

-51.69%

Winner

SPYT

+0.69%

SMCX

-49.65%

Winner

SPYT

+5.68%

SMCX

-75.82%

Winner

SPYT

+9.12%

SMCX

-93.64%

Winner

SPYT

+17.39%

Max(CAGR)

SMCX

-91.53%

Winner

SPYT

+14.91%

SMCX vs SPYT - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	SMCX	SPYT
2026	-74.59%	+9.12%
2025	-68.89%	+12.75%
2024	-89.57%	+12.97%

SMCX vs SPYT 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 SPYT was -18.22%, occurring on Apr 8, 2025. Recovery took 92 trading sessions.

The current SMCX drawdown is -99.13%. The current SPYT drawdown is -0.95%.

Rank	SMCX	SPYT
#1	-99.24% Aug 23, 2024 - Jul 20, 2026	-18.22% Feb 19, 2025 - Jul 2, 2025
#2	N/A	-8.17% Jul 16, 2024 - Sep 19, 2024
#3	N/A	-8.00% Feb 2, 2026 - Apr 14, 2026
#4	N/A	-4.84% Oct 28, 2025 - Jan 6, 2026
#5	N/A	-4.77% Mar 27, 2024 - May 14, 2024
#6	N/A	-4.33% Jun 2, 2026 - Jun 10, 2026
#7	N/A	-4.11% Dec 6, 2024 - Feb 18, 2025
#8	N/A	-2.79% Oct 8, 2025 - Oct 24, 2025
#9	N/A	-2.36% Jan 12, 2026 - Jan 27, 2026
#10	N/A	-2.34% Oct 14, 2024 - Nov 6, 2024
#11	N/A	-2.02% Jul 28, 2025 - Aug 8, 2025
#12	N/A	-1.79% May 14, 2026 - May 26, 2026
#13	N/A	-1.73% Nov 8, 2024 - Nov 26, 2024
#14	N/A	-1.20% May 21, 2024 - Jun 5, 2024
#15	N/A	-1.19% Aug 28, 2025 - Sep 10, 2025

Correlation

Correlation between SMCX and SPYT is -0.56 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.56

-101