SMST vs AUSM
Comparison between DEFIANCE DAILY TARGET 2X SHORT MSTR ETF (SMST, ETF) and Allspring Ultra Short Municipal ETF (AUSM, ETF).
SMST vs AUSM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
SMST
$31M
Winner
AUSM
$31M
Expense Ratio
SMST
N/A
AUSM
0.18%
Max Drawdown
SMST
99.25%
Winner
AUSM
0.89%
Sharpe Ratio
Winner
SMST
1.13
AUSM
-1.04
5Y Beta
Winner
SMST
-4.76
AUSM
0.00
SMST vs AUSM - Historical Returns
Returns include dividend reinvestment.
1M
Winner
SMST
+89.52%
AUSM
+0.27%
3M
SMST
-19.62%
Winner
AUSM
+0.49%
6M
SMST
-35.85%
Winner
AUSM
+1.36%
1Y
Winner
SMST
+67.45%
AUSM
+2.77%
Max(CAGR)
SMST
-86.94%
Winner
AUSM
+2.98%
SMST vs AUSM - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | SMST | AUSM |
|---|---|---|
| 2026 | -46.36% | +1.14% |
| 2025 | -39.90% | +1.63% |
| 2024 | -90.90% | N/A |
SMST vs AUSM Drawdown Comparison
The maximum drawdown for SMST was -99.25%, occurring on Jul 16, 2025. This drawdown has not yet recovered.
The maximum drawdown for AUSM was -0.42%, occurring on Sep 29, 2025. Recovery took 59 trading sessions.
The current SMST drawdown is -98.04%. The current AUSM drawdown is -0.04%.
| Rank | SMST | AUSM |
|---|---|---|
| #1 | -99.25% Sep 6, 2024 - Jul 16, 2025 | -0.42% Sep 16, 2025 - Dec 9, 2025 |
| #2 | -18.07% Aug 22, 2024 - Sep 3, 2024 | -0.28% Feb 27, 2026 - Apr 9, 2026 |
| #3 | -3.13% Sep 3, 2024 - Sep 5, 2024 | -0.13% Apr 9, 2026 - May 22, 2026 |
| #4 | N/A | -0.08% Aug 14, 2025 - Aug 25, 2025 |
| #5 | N/A | -0.07% May 22, 2026 - May 29, 2026 |
| #6 | N/A | -0.06% Jul 11, 2025 - Jul 22, 2025 |
| #7 | N/A | -0.06% Jun 4, 2026 - Jun 10, 2026 |
| #8 | N/A | -0.04% Dec 31, 2025 - Jan 6, 2026 |
| #9 | N/A | -0.04% Dec 22, 2025 - Dec 26, 2025 |
| #10 | N/A | -0.04% Jun 10, 2026 - Jun 11, 2026 |
| #11 | N/A | -0.04% Sep 5, 2025 - Sep 10, 2025 |
| #12 | N/A | -0.04% Jan 20, 2026 - Jan 26, 2026 |
| #13 | N/A | -0.02% Jun 1, 2026 - Jun 4, 2026 |
| #14 | N/A | -0.02% Dec 17, 2025 - Dec 19, 2025 |
| #15 | N/A | -0.00% Jul 24, 2025 - Jul 28, 2025 |
Correlation
Correlation between SMST and AUSM is 0.31 which considered as a weak positive correlation - the stocks show a slight tendency to move together.
0.31
-101
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