Leverage Shares -3x Short MicroStrategy ETP (SMST.L) 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 SMST.L. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SMST.L
SMST.L charges 0.75% annually. There are 3 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 | SMST.L vs SPDN | |
| Direxion Daily Magnificent 7 Bear 1X Shares | 0.57% | 27.70M | Mar 2024 | SMST.L vs QQQD | |
| ProShares Decline of the Retail Store ETF | 0.66% | 3.01M | Nov 2017 | SMST.L vs EMTY | |
| Tradr Short Innovation Daily ETF | 0.75% | 56.18M | Nov 2021 | SMST.L vs SARK | |
| ProShares Short S&P500 | 0.90% | 981.01M | Jun 2006 | SMST.L vs SH |
Best Risk-Adjusted Alternatives to SMST.L
SMST.L has a PortfoliosLab risk / return rank of 24. There are 3 ETFs in the Inverse Equities category with higher risk-adjusted ranks, going as high as 37.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | 37 | 5.31M | Oct 2024 | SMST.L vs NFXS | |
| Volatility Shares -1x Short VIX Futures ETF | 30 | 215.09M | Mar 2022 | SMST.L vs SVIX | |
| T-REX 2X Inverse MSTR Daily Target ETF | 24 | 118.12M | Sep 2024 | SMST.L vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | 22 | 30.99M | Aug 2024 | SMST.L vs SMST | |
| Direxion Daily BRKB Bear 1X Shares | 17 | 2.34M | Dec 2024 | SMST.L vs BRKD |
Top Performing SMST.L Alternatives (YTD)
SMST.L is at -67.74% YTD. There are 68 ETFs in the Inverse Equities category with higher YTD returns, going as high as 13.62%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily PLTR Bear 1X Shares | 13.62% | 40.54M | Dec 2024 | SMST.L vs PLTD | |
| YieldMax Short COIN Option Income Strategy ETF | 13.21% | 35.89M | Jul 2024 | SMST.L vs FIAT | |
| Direxion Daily NFLX Bear 1X Shares | 11.27% | 5.31M | Oct 2024 | SMST.L vs NFXS | |
| Direxion Daily MSFT Bear 1X Shares | 10.13% | 13.89M | Sep 2022 | SMST.L vs MSFD | |
| ProShares Short FTSE China 50 | 7.60% | 4.57M | Mar 2010 | SMST.L vs YXI |
Lowest Volatility Alternatives to SMST.L
SMST.L has 203.45% 1-year volatility. There are 78 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 | SMST.L vs ZIVB | |
| ProShares Short S&P500 | 11.79% | 981.01M | Jun 2006 | SMST.L vs SH | |
| Direxion Daily S&P 500 Bear 1x Shares | 12.09% | 213.79M | Jun 2016 | SMST.L vs SPDN | |
| BetaPro S&P 500 Daily Inverse ETF | 12.10% | 25.27M | Feb 2010 | SMST.L vs HIU.TO | |
| ProShares Short Dow30 | 12.23% | 108.72M | Jun 2006 | SMST.L vs DOG |
Lowest Drawdown Alternatives to SMST.L
SMST.L has a 1-year max drawdown of -93.24%. There are 58 ETFs in the Inverse Equities category with shallower 1-year drawdowns, going as shallow as -9.34%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily BRKB Bear 1X Shares | -9.34% | 2.34M | Dec 2024 | SMST.L vs BRKD | |
| ProShares Short Financials | -9.72% | 15.40M | Jun 2008 | SMST.L vs SEF | |
| AdvisorShares Ranger Equity Bear ETF | -12.26% | 63.43M | Jan 2011 | SMST.L vs HDGE | |
| ProShares Decline of the Retail Store ETF | -14.00% | 3.01M | Nov 2017 | SMST.L vs EMTY | |
| ProShares Short FTSE China 50 | -14.21% | 4.57M | Mar 2010 | SMST.L vs YXI |
Other ETFs from Leverage Shares
The 10 most viewed Leverage Shares ETFs shown here include MAG7.L, AMDG, TSMG and span 4 categories. AUM among these funds goes as high as $34M.
Often Compared With SMST.L
Investors most often compare SMST.L with 3SLV.DE, TSLS, PLTZ. These 11 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare SMST.L with Any Fund or Stock
Compare SMST.L with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SMST.L with funds that move differently
Leverage Shares -3x Short MicroStrategy ETP alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SMST.L.
Explore SMST.L Diversifiers