ULTI vs SMCL

Comparison between REX IncomeMax Option Strategy ETF (ULTI, ETF) and GRANITESHARES 2X LONG SMCI DAILY ETF (SMCL, ETF).

ULTI vs SMCL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ULTI(ETF)	SMCL(ETF)
Net Assets	$39M	$39M
Expense Ratio	1.32%	N/A
Max Drawdown	67.76%	97.46%
Sharpe Ratio	-1.13	-0.54
5Y Beta	2.66	4.84
P/E Ratio	-56.58	N/A
Forward P/E	30.32	N/A
Debt to Equity	61.64%	N/A
P/S Ratio	5.09	N/A
P/B Ratio	5.34	N/A

Net Assets

ULTI

$39M

SMCL

$39M

Expense Ratio

ULTI

1.32%

SMCL

N/A

Max Drawdown

Winner

ULTI

67.76%

SMCL

97.46%

Sharpe Ratio

ULTI

-1.13

Winner

SMCL

-0.54

5Y Beta

Winner

ULTI

2.66

SMCL

4.84

P/E Ratio

ULTI

-56.58

SMCL

N/A

Forward P/E

ULTI

30.32

SMCL

N/A

Debt to Equity

ULTI

61.64%

SMCL

N/A

P/S Ratio

ULTI

5.09

SMCL

N/A

P/B Ratio

ULTI

5.34

SMCL

N/A

ULTI vs SMCL - Historical Returns

Returns include dividend reinvestment.

Period	ULTI	SMCL
1 month	-28.50%	-51.21%
3 months	-25.04%	-47.88%
6 months	-27.44%	-74.73%
1 year	N/A	-93.17%
Max(CAGR)	-56.13%	-83.63%

Winner

ULTI

-28.50%

SMCL

-51.21%

Winner

ULTI

-25.04%

SMCL

-47.88%

Winner

ULTI

-27.44%

SMCL

-74.73%

ULTI

N/A

SMCL

-93.17%

Max(CAGR)

Winner

ULTI

-56.13%

SMCL

-83.63%

ULTI vs SMCL - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	ULTI	SMCL
2026	-15.53%	-73.37%
2025	-38.16%	-68.56%
2024	N/A	-39.26%

ULTI vs SMCL Drawdown Comparison

The maximum drawdown for ULTI was -45.47%, occurring on Jul 20, 2026. This drawdown has not yet recovered.

The maximum drawdown for SMCL was -97.46%, occurring on Jul 20, 2026. This drawdown has not yet recovered.

The current ULTI drawdown is -44.75%. The current SMCL drawdown is -97.10%.

Rank	ULTI	SMCL
#1	-45.47% Oct 31, 2025 - Jul 20, 2026	-97.46% Feb 19, 2025 - Jul 20, 2026
#2	N/A	-57.20% Dec 12, 2024 - Feb 10, 2025
#3	N/A	-19.33% Feb 10, 2025 - Feb 14, 2025