Tradr 1X Short Innovation 100 Monthly ETF (SMQ) belongs to the Inverse Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with SMQ. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SMQ
SMQ charges 1.50% annually. There are 75 ETFs in the Inverse Equities category with lower expense ratios, going as low as 0.50%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily S&P 500 Bear 1x Shares | 0.50% | 213.79M | Jun 2016 | SMQ vs SPDN | |
| Direxion Daily Magnificent 7 Bear 1X Shares | 0.57% | 27.70M | Mar 2024 | SMQ vs QQQD | |
| ProShares Decline of the Retail Store ETF | 0.66% | 3.01M | Nov 2017 | SMQ vs EMTY | |
| Tradr Short Innovation Daily ETF | 0.75% | 56.18M | Nov 2021 | SMQ vs SARK | |
| ProShares Short S&P500 | 0.90% | 981.01M | Jun 2006 | SMQ vs SH |
Best Risk-Adjusted Alternatives to SMQ
Among 59 ETFs in the Inverse Equities category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 39.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | 39 | 5.31M | Oct 2024 | SMQ vs NFXS | |
| T-REX 2X Inverse MSTR Daily Target ETF | 27 | 118.12M | Sep 2024 | SMQ vs MSTZ | |
| Volatility Shares -1x Short VIX Futures ETF | 26 | 215.09M | Mar 2022 | SMQ vs SVIX | |
| Defiance Daily Target 2X Short MSTR ETF | 24 | 30.99M | Aug 2024 | SMQ vs SMST | |
| Direxion Daily MSFT Bear 1X Shares | 17 | 13.89M | Sep 2022 | SMQ vs MSFD |
Top Performing SMQ Alternatives (YTD)
SMQ is at -15.77% YTD. There are 39 ETFs in the Inverse Equities category with higher YTD returns, going as high as 19.82%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Short COIN Option Income Strategy ETF | 19.82% | 35.89M | Jul 2024 | SMQ vs FIAT | |
| Direxion Daily PLTR Bear 1X Shares | 18.58% | 40.54M | Dec 2024 | SMQ vs PLTD | |
| Defiance Daily Target 2X Short PLTR ETF | 14.08% | 15.00M | Jun 2025 | SMQ vs PLTZ | |
| Direxion Daily MSFT Bear 1X Shares | 13.15% | 13.89M | Sep 2022 | SMQ vs MSFD | |
| AXS TSLA Bear Daily ETF | 11.62% | 134.23M | Jul 2022 | SMQ vs TSLQ |
Lowest Volatility Alternatives to SMQ
SMQ has 19.18% 1-year volatility. There are 15 ETFs in the Inverse Equities category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| -1x Short VIX Mid-Term Futures Strategy ETF | 0.00% | 12.30M | Apr 2023 | SMQ vs ZIVB | |
| ProShares Short S&P500 | 12.10% | 981.01M | Jun 2006 | SMQ vs SH | |
| ProShares Short Dow30 | 12.32% | 108.72M | Jun 2006 | SMQ vs DOG | |
| Direxion Daily S&P 500 Bear 1x Shares | 12.37% | 213.79M | Jun 2016 | SMQ vs SPDN | |
| YieldMax Short N100 Option Income Strategy ETF | 12.75% | 13.26M | Aug 2024 | SMQ vs YQQQ |
Lowest Drawdown Alternatives to SMQ
Among 59 ETFs in the Inverse Equities category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -9.34%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily BRKB Bear 1X Shares | -9.34% | 2.34M | Dec 2024 | SMQ vs BRKD | |
| ProShares Short Financials | -9.72% | 15.40M | Jun 2008 | SMQ vs SEF | |
| AdvisorShares Ranger Equity Bear ETF | -12.26% | 63.43M | Jan 2011 | SMQ vs HDGE | |
| ProShares Decline of the Retail Store ETF | -14.00% | 3.01M | Nov 2017 | SMQ vs EMTY | |
| ProShares Short FTSE China 50 | -14.21% | 4.57M | Mar 2010 | SMQ vs YXI |
Other ETFs from Tradr
The 10 most viewed Tradr ETFs shown here include SNXX, LITX, LRCU and span 1 categories. AUM among these funds goes as high as $3B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Tradr 2X Long SNDK Daily ETF | Leveraged Equities | — | — | 2.59B | Jan 2026 | SMQ vs SNXX | |
| Tradr 2X Long LITE Daily ETF | Leveraged Equities | — | — | 457.92M | Jan 2026 | SMQ vs LITX | |
| Tradr 2X Long LRCX Daily ETF | Leveraged Equities | — | 158.50% | — | Aug 2025 | SMQ vs LRCU | |
| Tradr 2X Long ASTS Daily ETF | Leveraged Equities | — | -14.76% | — | Jul 2025 | SMQ vs ASTX | |
| Tradr 2X Long ACHR Daily ETF | Leveraged Equities | — | -57.42% | 12.55M | Jun 2025 | SMQ vs ARCX | |
| Tradr 2X Long Triple Q Quarterly ETF | Leveraged Equities | 54 | 24.17% | — | Sep 2024 | SMQ vs QQQP | |
| Tradr 2X Long APP Daily ETF | Leveraged Equities | 13 | -54.00% | 211.92M | Apr 2025 | SMQ vs APPX | |
| Tradr 2X Long RGTI Daily ETF | Leveraged Equities | — | -48.36% | — | Jun 2025 | SMQ vs RGTU | |
| Tradr 2X Long NVTS Daily ETF | Leveraged Equities | — | 407.23% | — | Sep 2025 | SMQ vs NVTX | |
| Tradr 2X Long AAOI Daily ETF | Leveraged Equities | — | — | — | Mar 2026 | SMQ vs AAOX |
Often Compared With SMQ
Investors most often compare SMQ with SHRT, CARD, UPSX. These 4 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Gotham Short Strategies ETF | Inverse Equities | 0 | -15.80% | 12.30M | Jul 2017 | SMQ vs SHRT | |
| Max Auto Industry -3X Inverse Leveraged ETN | Inverse Equities | 4 | 2.62% | 1.30M | Jun 2023 | SMQ vs CARD | |
| Tradr 2X Long UPST Daily ETF | Leveraged Equities | — | -66.36% | — | Jun 2025 | SMQ vs UPSX | |
| MicroSectors Travel -3X Inverse Leveraged ETNs | Inverse Equities | 4 | -10.89% | 1.38M | Jun 2022 | SMQ vs FLYD |
Compare SMQ with Any Fund or Stock
Compare SMQ with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SMQ with funds that move differently
Tradr 1X Short Innovation 100 Monthly ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SMQ.
Explore SMQ Diversifiers