SMST vs INRO

Comparison between DEFIANCE DAILY TARGET 2X SHORT MSTR ETF (SMST, ETF) and BlackRock U.S. Industry Rotation ETF (INRO, ETF).

SMST vs INRO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SMST(ETF)	INRO(ETF)
Net Assets	$31M	$31M
Expense Ratio	N/A	0.42%
Max Drawdown	99.25%	20.14%
Sharpe Ratio	1.16	1.67
5Y Beta	-4.76	1.03
P/E Ratio	N/A	32.35
Forward P/E	N/A	23.70
5Y EPS CAGR	N/A	31.21%
Debt to Equity	N/A	35.50%
P/S Ratio	N/A	3.73
P/B Ratio	N/A	6.25

Net Assets

Winner

SMST

$31M

INRO

$31M

Expense Ratio

SMST

N/A

INRO

0.42%

Max Drawdown

SMST

99.25%

Winner

INRO

20.14%

Sharpe Ratio

SMST

1.16

Winner

INRO

1.67

5Y Beta

Winner

SMST

-4.76

INRO

1.03

P/E Ratio

SMST

N/A

INRO

32.35

Forward P/E

SMST

N/A

INRO

23.70

5Y EPS CAGR

SMST

N/A

INRO

31.21%

Debt to Equity

SMST

N/A

INRO

35.50%

P/S Ratio

SMST

N/A

INRO

3.73

P/B Ratio

SMST

N/A

INRO

6.25

SMST vs INRO - Holdings Comparison

SMST and INRO have 0 common holdings. Overlap is 0.00%

SMST's top 25 holdings weight is 4.39%. INRO's top 25 holdings weight is 52.81%.

Rank	SMST	INRO
#1	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 4.39%	NVIDIA CORP (NVDA) - 8.62%
#2	N/A	APPLE INC (AAPL) - 7.10%
#3	N/A	MICROSOFT CORP (MSFT) - 5.34%
#4	N/A	AMAZON.COM INC (AMZN) - 4.15%
#5	N/A	ALPHABET INC CLASS A (GOOGL) - 3.53%
#6	N/A	BROADCOM INC (AVGO) - 2.73%
#7	N/A	ALPHABET INC CLASS C (GOOG) - 2.71%
#8	N/A	META PLATFORMS INC CLASS A (META) - 2.38%
#9	N/A	TESLA INC (TSLA) - 1.87%
#10	N/A	JPMORGAN CHASE & CO (JPM) - 1.74%
#11	N/A	EXXON MOBIL CORP (XOM) - 1.44%
#12	N/A	WALMART INC (WMT) - 1.34%
#13	N/A	VISA INC CLASS A (V) - 1.26%
#14	N/A	ELI LILLY AND CO (LLY) - 1.21%
#15	N/A	BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.06%
#16	N/A	LAM RESEARCH CORP (LRCX) - 1.04%
#17	N/A	MICRON TECHNOLOGY INC (MU) - 1.01%
#18	N/A	MASTERCARD INC CLASS A (MA) - 0.88%
#19	N/A	COSTCO WHOLESALE CORP (COST) - 0.86%
#20	N/A	APPLIED MATERIALS INC (AMAT) - 0.84%
#21	N/A	MERCK & CO INC (MRK) - 0.36%
#22	N/A	VEEVA SYSTEMS INC CLASS A (VEEV) - 0.34%
#23	N/A	CHUBB LTD (CB) - 0.34%
#24	N/A	QUANTA SERVICES INC (PWR) - 0.33%
#25	N/A	STARBUCKS CORP (SBUX) - 0.33%
Total Holdings	1	501

SMST vs INRO - Historical Returns

Returns include dividend reinvestment.

Period	SMST	INRO
1 month	+107.18%	+2.56%
3 months	-9.81%	+10.49%
6 months	-28.73%	+9.83%
1 year	+71.06%	+28.72%
Max(CAGR)	-86.54%	+17.63%

Winner

SMST

+107.18%

INRO

+2.56%

SMST

-9.81%

Winner

INRO

+10.49%

SMST

-28.73%

Winner

INRO

+9.83%

Winner

SMST

+71.06%

INRO

+28.72%

Max(CAGR)

SMST

-86.54%

Winner

INRO

+17.63%

SMST vs INRO - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	SMST	INRO
2026	-41.18%	+10.05%
2025	-39.90%	+16.86%
2024	-90.90%	+10.88%

SMST vs INRO 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 INRO was -20.02%, occurring on Apr 8, 2025. Recovery took 90 trading sessions.

The current SMST drawdown is -97.85%. The current INRO drawdown is -3.24%.

Rank	SMST	INRO
#1	-99.25% Sep 6, 2024 - Jul 16, 2025	-20.02% Feb 19, 2025 - Jun 30, 2025
#2	-18.07% Aug 22, 2024 - Sep 3, 2024	-10.52% Jul 10, 2024 - Oct 9, 2024
#3	-3.13% Sep 3, 2024 - Sep 5, 2024	-9.36% Jan 28, 2026 - Apr 14, 2026
#4	N/A	-6.91% Mar 28, 2024 - May 15, 2024
#5	N/A	-5.37% Oct 28, 2025 - Dec 23, 2025
#6	N/A	-4.55% Dec 6, 2024 - Jan 23, 2025
#7	N/A	-3.24% Jun 2, 2026 - Jun 5, 2026
#8	N/A	-3.02% Oct 8, 2025 - Oct 24, 2025
#9	N/A	-2.88% Jan 12, 2026 - Jan 27, 2026
#10	N/A	-2.67% May 14, 2026 - May 26, 2026
#11	N/A	-2.58% Oct 18, 2024 - Nov 6, 2024
#12	N/A	-2.27% Nov 11, 2024 - Nov 25, 2024
#13	N/A	-2.16% Jan 23, 2025 - Feb 13, 2025
#14	N/A	-2.13% Jul 25, 2025 - Aug 8, 2025
#15	N/A	-1.66% Aug 14, 2025 - Aug 26, 2025

Correlation

Correlation between SMST and INRO is -0.43 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.43

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