AIVC vs. SMCZ
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 96.84% vs -73.11% for SMCZ. Their -0.66 correlation means they have often moved in opposite directions in the past. AIVC charges 0.59%/yr vs 1.29%/yr for SMCZ.
Performance
AIVC vs. SMCZ - Performance Comparison
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Returns By Period
In the year-to-date period, AIVC achieves a 56.92% return, which is significantly higher than SMCZ's -87.76% return.
AIVC
- 1D
- 3.37%
- 1M
- 0.06%
- 6M
- 47.24%
- YTD
- 56.92%
- 1Y
- 96.84%
- 3Y*
- 42.42%
- 5Y*
- 15.82%
- 10Y*
- 15.10%
- ALL TIME*
- 15.34%
SMCZ
- 1D
- -1.52%
- 1M
- -31.27%
- 6M
- -85.93%
- YTD
- -87.76%
- 1Y
- -73.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -89.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $721.94K | $1.14M | $2.79M | |
| $23.07M | $12.69M | $14.60M |
AIVC vs. SMCZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AIVC Amplify Bloomberg AI Value Chain ETF | 56.92% | 58.51% |
SMCZ Defiance Daily Target 2X Short SMCI ETF | -87.76% | -62.31% |
Correlation
The correlation between AIVC and SMCZ is -0.66, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.66 |
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 -0.66 - a consistent structural relationship.
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Return for Risk
AIVC vs. SMCZ — Risk / Return Rank
AIVC
SMCZ
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 ratioReturn per unit of total volatility | +3.18 | ||
| Sortino ratioReturn per unit of downside risk | +2.90 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.03 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 4.18 | -0.80 | +4.98 |
| Martin ratioReturn relative to average drawdown | 14.70 | -1.47 | +16.17 |
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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.
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Drawdown Indicators
| AIVC | SMCZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.11% | -97.40% | +41.29% |
Max Drawdown (1Y)Largest decline over 1 year | -23.29% | -91.49% | +68.20% |
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 DrawdownCurrent decline from peak | -13.72% | -96.42% | +82.70% |
Average DrawdownAverage peak-to-trough decline | -16.35% | -77.91% | +61.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.61% | 49.58% | -42.97% |
Volatility
AIVC vs. SMCZ - Volatility Comparison
The current volatility for Amplify Bloomberg AI Value Chain ETF (AIVC) is 13.60%, while Defiance Daily Target 2X Short SMCI ETF (SMCZ) has a volatility of 65.84%. 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.
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Volatility by Period
| AIVC | SMCZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.60% | 65.84% | -52.24% |
Volatility (6M)Calculated over the trailing 6-month period | 29.91% | 160.74% | -130.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.27% | 178.69% | -143.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.40% | 175.68% | -144.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.52% | 175.68% | -148.16% |
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 0.11%, less than SMCZ's 16.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AIVC Amplify Bloomberg AI Value Chain ETF | 0.11% | 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 | 16.59% | 2.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AIVC and SMCZ have a correlation of -0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMCZ has higher volatility (65.84%) compared to AIVC (13.60%). In terms of maximum drawdown, AIVC dropped -56.11% vs SMCZ's -97.40%.
On 1-year performance, AIVC leads with 96.84% vs -73.11% for SMCZ. On fees, AIVC is cheaper at 0.59% per year. On volatility, AIVC has been the lower-risk option at 13.60%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AIVC has performed better with a 96.84% return vs -73.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AIVC is cheaper with a 0.59% expense ratio, compared with 1.29% for SMCZ.
SMCZ has the higher dividend yield at 16.59%, compared with 0.11% for AIVC.
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.
AIVC currently has the higher Sharpe Ratio (2.77 vs -0.41), 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.
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