SPYT vs SMCX

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

SPYT vs SMCX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

SPYT

$154M

SMCX

$154M

Expense Ratio

SPYT

0.92%

SMCX

N/A

Max Drawdown

Winner

SPYT

24.76%

SMCX

99.27%

Sharpe Ratio

Winner

SPYT

1.14

SMCX

-0.58

5Y Beta

Winner

SPYT

0.90

SMCX

4.69

SPYT vs SMCX - Holdings Comparison

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

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

Rank	SPYT	SMCX
#1	ISHARES CORE S&P 500 ETF (IVV) - 99.75%	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 5.08%
#2	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.18%	SUPER MICRO COMPUTER INC (SMCI) - 0.94%
#3	N/A	DREYFUS GOVERNMENT CASH MGMT INSTL (DGCXX) - 0.06%
#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	2	3

SPYT vs SMCX - Historical Returns

Returns include dividend reinvestment.

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

Winner

SPYT

+0.69%

SMCX

-51.69%

Winner

SPYT

+5.68%

SMCX

-49.65%

Winner

SPYT

+9.12%

SMCX

-75.82%

Winner

SPYT

+17.39%

SMCX

-93.64%

Max(CAGR)

Winner

SPYT

+14.91%

SMCX

-91.53%

SPYT vs SMCX - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

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

SPYT vs SMCX Drawdown Comparison

The maximum drawdown for SPYT was -18.22%, occurring on Apr 8, 2025. Recovery took 92 trading sessions.

The maximum drawdown for SMCX was -99.24%, occurring on Jul 20, 2026. This drawdown has not yet recovered.

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

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

Correlation

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

-0.56

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