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Defiance Daily Target 2X Long SMCI ETF (SMCX) Sharpe Ratio: -0.41

ETF · Currency in USD · Last updated Jun 5, 2026

The Defiance Daily Target 2X Long SMCI ETF seeks daily leveraged investment results of two times (200%) the daily percentage change in the share price of Super Micro Computer, Inc.

SMCX's Sharpe Ratio of -0.41 indicates that for each unit of volatility, it generates -0.41 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 5, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

SMCX Sharpe Ratio Rank

SMCX Sharpe Ratio Rank: 5.45
Concerning

SMCX ranks above 5.4% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

SMCX Sharpe Ratio Market Positioning

The chart shows SMCX's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.86 or lower
  • Yellow zone (middle 50%): 0.86 to 2.39
  • Green zone (top 25%): 2.39 or higher
  • Top 1%: 7.63+
  • Median: 1.70 — half of all investments score higher

How it compares to other similar ETFs

The table compares Defiance Daily Target 2X Long SMCI ETF's Sharpe Ratio with other ETFs in the Leveraged Equities category across multiple time periods, showing how SMCX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 5, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
MUUDirexion Daily MU Bull 2X Shares41.32
MULLGraniteShares 2x Long MU Daily ETF38.21
KORUDirexion Daily South Korea Bull 3X Shares13.88
SOXLDirexion Daily Semiconductor Bull 3X ETF12.69
INTWGraniteShares 2x Long INTC Daily ETF11.27
MVLLGraniteShares 2x Long MRVL Daily ETF9.04
AMDLGraniteShares 2x Long AMD Daily ETF8.38
AMUUDirexion Daily AMD Bull 2X Shares8.38
AMDGLeverage Shares 2X Long AMD Daily ETF8.25
DLLLGraniteShares 2x Long DELL Daily ETF6.54
SMCXDefiance Daily Target 2X Long SMCI ETF-0.41

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows SMCX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when SMCX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does SMCX fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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