AIVC vs. SMCZ

Last updated Jun 24, 2026

AIVC (Amplify Bloomberg AI Value Chain ETF) and SMCZ (Defiance Daily Target 2X Short SMCI ETF) are both exchange-traded funds - AIVC is a Technology Equities fund tracking the Bloomberg AI Value Chain Index, while SMCZ is a Inverse Equities fund actively managed by Defiance. AIVC is passively managed, while SMCZ is actively managed. Over the past year, AIVC returned 125.43% vs -87.72% for SMCZ. At a correlation of -0.66, they often move in opposite directions. AIVC charges 0.59%/yr vs 1.29%/yr for SMCZ.

Performance

AIVC vs. SMCZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Bloomberg AI Value Chain ETF (AIVC) and Defiance Daily Target 2X Short SMCI ETF (SMCZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIVC achieves a 66.45% return, which is significantly higher than SMCZ's -87.55% return.

AIVC

• 1D: -4.78%
• 1M: 7.56%
• YTD: 66.45%
• 6M: 65.87%
• 1Y: 125.43%
• 3Y*: 48.25%
• 5Y*: 16.85%
• 10Y*: 16.72%

SMCZ

• 1D: 12.25%
• 1M: -36.38%
• YTD: -87.55%
• 6M: -86.35%
• 1Y: -87.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIVC vs. SMCZ - Yearly Performance Comparison

	2026 (YTD)	2025
AIVC Amplify Bloomberg AI Value Chain ETF	66.45%	58.51%
SMCZ Defiance Daily Target 2X Short SMCI ETF	-87.55%	-62.31%

Correlation

The correlation between AIVC and SMCZ is -0.65, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.65
Correlation (All Time) Calculated using the full available price history since Apr 1, 2025	-0.66

The correlation between AIVC and SMCZ has been stable across timeframes, ranging from -0.66 to -0.65 - a consistent structural relationship.

Return for Risk

AIVC vs. SMCZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIVC

AIVC Risk / Return Rank: 94
AIVC Sharpe Ratio Rank: 96
AIVC Sortino Ratio Rank: 91
AIVC Omega Ratio Rank: 91
AIVC Calmar Ratio Rank: 96
AIVC Martin Ratio Rank: 95

SMCZ

SMCZ Risk / Return Rank: 3
SMCZ Sharpe Ratio Rank: 5
SMCZ Sortino Ratio Rank: 5
SMCZ Omega Ratio Rank: 5
SMCZ Calmar Ratio Rank: 1
SMCZ Martin Ratio Rank: 0

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIVC vs. SMCZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Bloomberg AI Value Chain ETF (AIVC) and Defiance Daily Target 2X Short SMCI ETF (SMCZ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	AIVC	SMCZ	Difference
Sharpe ratio: Return per unit of total volatility	3.91	-0.51	+4.42
Sortino ratio: Return per unit of downside risk	4.06	-0.52	+4.58
Omega ratio: Gain probability vs. loss probability	1.55	0.93	+0.61
Calmar ratio: Return relative to maximum drawdown	8.94	-0.96	+9.90
Martin ratio: Return relative to average drawdown	27.60	-1.95	+29.55

AIVC vs. SMCZ - Sharpe Ratio Comparison

The current AIVC Sharpe Ratio is 3.91, which is higher than the SMCZ Sharpe Ratio of -0.51. The chart below compares the historical Sharpe Ratios of AIVC and SMCZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AIVC vs. SMCZ - Drawdown Comparison

The maximum AIVC drawdown since its inception was -56.11%, smaller than the maximum SMCZ drawdown of -97.40%. Use the drawdown chart below to compare losses from any high point for AIVC and SMCZ.

Drawdown Indicators

	AIVC	SMCZ	Difference
Max Drawdown Largest peak-to-trough decline	-56.11%	-97.40%	+41.29%
Max Drawdown (1Y) Largest decline over 1 year	-14.11%	-91.49%	+77.38%
Max Drawdown (3Y) Largest decline over 3 years	-32.55%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-53.58%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-56.11%	—	—
Current Drawdown Current decline from peak	-8.48%	-96.36%	+87.88%
Average Drawdown Average peak-to-trough decline	-16.38%	-76.32%	+59.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.56%	46.98%	-42.42%

Volatility

AIVC vs. SMCZ - Volatility Comparison

The current volatility for Amplify Bloomberg AI Value Chain ETF (AIVC) is 15.81%, while Defiance Daily Target 2X Short SMCI ETF (SMCZ) has a volatility of 85.47%. This indicates that AIVC experiences smaller price fluctuations and is considered to be less risky than SMCZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIVC	SMCZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.81%	85.47%	-69.66%
Volatility (6M) Calculated over the trailing 6-month period	26.60%	149.88%	-123.28%
Volatility (1Y) Calculated over the trailing 1-year period	32.28%	173.51%	-141.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.73%	174.65%	-143.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.16%	174.65%	-147.49%

AIVC vs. SMCZ - Expense Ratio Comparison

AIVC has a 0.59% expense ratio, which is lower than SMCZ's 1.29% expense ratio.

Dividends

AIVC vs. SMCZ - Dividend Comparison

AIVC's dividend yield for the trailing twelve months is around 0.10%, less than SMCZ's 16.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AIVC Amplify Bloomberg AI Value Chain ETF	0.10%	0.17%	0.21%	0.00%	0.00%	0.00%	0.39%	1.16%	0.38%	0.92%	0.64%
SMCZ Defiance Daily Target 2X Short SMCI ETF	16.31%	2.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AIVC and SMCZ in my portfolio?

AIVC and SMCZ have a correlation of -0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AIVC or SMCZ?

SMCZ has higher volatility (85.47%) compared to AIVC (15.81%). In terms of maximum drawdown, AIVC dropped -56.11% vs SMCZ's -97.40%.

Which ETF is better, AIVC or SMCZ?

On 1-year performance, AIVC leads with 125.43% vs -87.72% for SMCZ. On fees, AIVC is cheaper at 0.59% per year. On volatility, AIVC has been the lower-risk option at 15.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AIVC or SMCZ?

Over the 1-year period, AIVC has performed better with a 125.43% return vs -87.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AIVC or SMCZ?

AIVC is cheaper with a 0.59% expense ratio, compared with 1.29% for SMCZ.

Which ETF pays a higher dividend yield, AIVC or SMCZ?

SMCZ has the higher dividend yield at 16.31%, compared with 0.10% for AIVC.

What is the main difference between AIVC and SMCZ?

AIVC is categorized as Technology Equities, while SMCZ is Inverse Equities. They also come from different issuers: Amplify and Defiance. Their fees differ too: 0.59% for AIVC and 1.29% for SMCZ.

Which has better risk-adjusted returns?

AIVC currently has the higher Sharpe Ratio (3.91 vs -0.51), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.