- Issuer
- Tradr
- Inception Date
- Feb 10, 2026
- Region
- North America (United States)
- Category
- Inverse Equities
- Leveraged
- -2x
- Index Tracked
- NuScale Power Corporation (SMR)
- Asset Class
- Equity
Share Price Chart
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Performance
SMZ Performance Chart
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Returns By Period
Tradr 2X Short SMR Daily ETF
- 1D
- -26.50%
- 1M
- -30.58%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.71%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
SMZ Monthly Returns History
Based on dividend-adjusted daily data since Feb 11, 2026, SMZ's average daily return is +0.30%, while the average monthly return is -1.52%.
Historically, 40% of months were positive and 60% were negative. The best month was Feb 2026 with a return of +47.9%, while the worst month was Apr 2026 at -50.4%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 3 months.
On a daily basis, SMZ closed higher 55% of trading days. The best single day was Jun 3, 2026 with a return of +26.3%, while the worst single day was Apr 22, 2026 at -32.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 47.88% | 28.52% | -50.42% | -22.20% | -11.38% | -35.02% |
Benchmark Metrics
Tradr 2X Short SMR Daily ETF has an annualized alpha of 900.56%, beta of -7.80, and R2 of 0.35 versus S&P 500 Index. Calculated based on daily prices since February 11, 2026.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -2502.09%), but participation in market rallies was also limited (-68.74%) - a profile typical of counter-cyclical assets.
- Beta of -7.80 may look defensive, but with R2 of 0.35 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.35 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 900.56%
- Beta
- -7.80
- R²
- 0.35
- Upside Capture
- -68.74%
- Downside Capture
- -2,502.09%
Expense Ratio
SMZ has a high expense ratio of 1.49%, indicating above-average management fees.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Tradr 2X Short SMR Daily ETF (SMZ) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SMZ | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.66 | — |
| Martin ratioReturn relative to average drawdown | — | 11.86 | — |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Tradr 2X Short SMR Daily ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Tradr 2X Short SMR Daily ETF was 77.30%, occurring on Jun 2, 2026. The portfolio has not yet recovered.
The current Tradr 2X Short SMR Daily ETF drawdown is 74.56%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -77.30%Jun 2026 | 1mo 25d | — | 2mo 15dApr 2026 - now |
2026 correction2026 | -13.61%Mar 2026 | 8d | 3d | 11dMar 2026 - Mar 2026 |
2026 correction2026 | -12.59%Feb 2026 | 0s | 9d | 9dFeb 2026 - Mar 2026 |
2026 correction2026 | -10.35%Mar 2026 | 0s | 2d | 2dMar 2026 - Apr 2026 |
2026 pullback2026 | -8.80%Feb 2026 | 6d | 1d | 7dFeb 2026 - Feb 2026 |
Drawdown Indicators
| SMZ | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.30% | -56.78% | -20.52% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -74.56% | -2.49% | -72.07% |
Average DrawdownAverage peak-to-trough decline | -34.86% | -10.72% | -24.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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