SMCZ vs CBOY

Comparison between DEFIANCE DAILY TARGET 2X SHORT SMCI ETF (SMCZ, ETF) and Calamos Bitcoin Structured Alt Protection ETF July (CBOY, ETF).

SMCZ vs CBOY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SMCZ(ETF)	CBOY(ETF)
Net Assets	$4.80M	$4.90M
Expense Ratio	N/A	0.69%
Max Drawdown	97.46%	5.29%
Sharpe Ratio	-0.50	-1.40
5Y Beta	-4.47	0.08

Net Assets

SMCZ

$4.80M

Winner

CBOY

$4.90M

Expense Ratio

SMCZ

N/A

CBOY

0.69%

Max Drawdown

SMCZ

97.46%

Winner

CBOY

5.29%

Sharpe Ratio

Winner

SMCZ

-0.50

CBOY

-1.40

5Y Beta

Winner

SMCZ

-4.47

CBOY

0.08

SMCZ vs CBOY - Historical Returns

Returns include dividend reinvestment.

Period	SMCZ	CBOY
1 month	-72.62%	+0.08%
3 months	-78.98%	+0.37%
6 months	-83.71%	-0.73%
1 year	-88.57%	-0.96%
Max(CAGR)	-92.43%	-1.06%

SMCZ

-72.62%

Winner

CBOY

+0.08%

SMCZ

-78.98%

Winner

CBOY

+0.37%

SMCZ

-83.71%

Winner

CBOY

-0.73%

SMCZ

-88.57%

Winner

CBOY

-0.96%

Max(CAGR)

SMCZ

-92.43%

Winner

CBOY

-1.06%

SMCZ vs CBOY - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	SMCZ	CBOY
2026	-86.00%	-0.81%
2025	-61.06%	-0.40%

SMCZ vs CBOY Drawdown Comparison

The maximum drawdown for SMCZ was -97.40%, occurring on Jun 2, 2026. This drawdown has not yet recovered.

The maximum drawdown for CBOY was -3.99%, occurring on Feb 19, 2026. This drawdown has not yet recovered.

The current SMCZ drawdown is -96.40%. The current CBOY drawdown is -3.38%.

Rank	SMCZ	CBOY
#1	-97.40% Apr 4, 2025 - Jun 2, 2026	-3.99% Oct 6, 2025 - Feb 19, 2026
#2	-0.36% Apr 1, 2025 - Apr 3, 2025	-1.08% Aug 13, 2025 - Sep 18, 2025
#3	N/A	-0.88% Sep 18, 2025 - Oct 2, 2025
#4	N/A	-0.49% Jul 14, 2025 - Aug 7, 2025
#5	N/A	-0.04% Aug 7, 2025 - Aug 11, 2025