SMN vs LFBE

Comparison between ProShares UltraShort Materials (SMN, ETF) and Stone Ridge 2065 Longevity Income ETF (LFBE, ETF).

SMN vs LFBE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SMN(ETF)	LFBE(ETF)
Net Assets	$3.10M	$3.20M
Expense Ratio	N/A	0.25%
Max Drawdown	99.96%	13.35%
Sharpe Ratio	-0.80	-0.08
5Y Beta	-1.50	0.06

Net Assets

SMN

$3.10M

Winner

LFBE

$3.20M

Expense Ratio

SMN

N/A

LFBE

0.25%

Max Drawdown

SMN

99.96%

Winner

LFBE

13.35%

Sharpe Ratio

SMN

-0.80

Winner

LFBE

-0.08

5Y Beta

Winner

SMN

-1.50

LFBE

0.06

SMN vs LFBE - Historical Returns

Returns include dividend reinvestment.

Period	SMN	LFBE
1 month	+3.51%	-0.13%
3 months	-0.30%	-2.81%
6 months	-25.53%	-1.19%
1 year	-26.58%	+2.71%
5 years(CAGR)	-13.65%	N/A
10 years(CAGR)	-24.63%	N/A
Max(CAGR)	-27.75%	+3.10%

Winner

SMN

+3.51%

LFBE

-0.13%

Winner

SMN

-0.30%

LFBE

-2.81%

SMN

-25.53%

Winner

LFBE

-1.19%

SMN

-26.58%

Winner

LFBE

+2.71%

5Y(CAGR)

SMN

-13.65%

LFBE

N/A

10Y(CAGR)

SMN

-24.63%

LFBE

N/A

Max(CAGR)

SMN

-27.75%

Winner

LFBE

+3.10%

SMN vs LFBE - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	SMN	LFBE
2026	-18.10%	-0.54%
2025	-19.37%	+5.15%
2024	+6.89%	N/A
2023	-20.86%	N/A
2022	-4.63%	N/A
2021	-46.34%	N/A
2020	-56.52%	N/A
2019	-32.08%	N/A
2018	+36.15%	N/A
2017	-38.23%	N/A
2016	-39.97%	N/A
2015	+16.14%	N/A
2014	-14.64%	N/A
2013	-32.88%	N/A
2012	-22.43%	N/A
2011	-1.22%	N/A
2010	-51.23%	N/A
2009	-75.87%	N/A
2008	+54.91%	N/A
2007	-38.34%	N/A

SMN vs LFBE Drawdown Comparison

The maximum drawdown for SMN was -99.92%, occurring on Feb 11, 2026. This drawdown has not yet recovered.

The maximum drawdown for LFBE was -7.65%, occurring on May 21, 2025. Recovery took 130 trading sessions.

The current SMN drawdown is -99.91%. The current LFBE drawdown is -4.43%.

Rank	SMN	LFBE
#1	-99.92% Nov 20, 2008 - Feb 11, 2026	-7.65% Apr 4, 2025 - Oct 10, 2025
#2	-61.90% Mar 5, 2007 - Oct 6, 2008	-6.75% Feb 27, 2026 - May 19, 2026
#3	-42.86% Oct 27, 2008 - Nov 20, 2008	-3.97% Oct 22, 2025 - Feb 27, 2026
#4	-27.84% Oct 10, 2008 - Oct 24, 2008	-3.02% Mar 3, 2025 - Apr 3, 2025
#5	-9.85% Feb 9, 2007 - Mar 2, 2007	-2.19% Feb 6, 2025 - Feb 21, 2025
#6	-1.24% Oct 7, 2008 - Oct 9, 2008	-1.56% Jan 6, 2025 - Jan 16, 2025
#7	-1.12% Feb 2, 2007 - Feb 9, 2007	-0.87% Jan 21, 2025 - Jan 27, 2025
#8	N/A	-0.50% Feb 26, 2025 - Feb 28, 2025
#9	N/A	-0.48% Jan 30, 2025 - Feb 3, 2025
#10	N/A	-0.22% Oct 14, 2025 - Oct 16, 2025
#11	N/A	-0.21% Jan 27, 2025 - Jan 30, 2025
#12	N/A	-0.19% Oct 16, 2025 - Oct 20, 2025
#13	N/A	-0.02% Oct 10, 2025 - Oct 14, 2025

Correlation

Correlation between SMN and LFBE is -0.35 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.35

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