BAMG vs. SMST

Last updated Jul 14, 2026

BAMG (Brookstone Growth Stock ETF) and SMST (Defiance Daily Target 2X Short MSTR ETF) are both exchange-traded funds - BAMG is a Large Cap Growth Equities fund actively managed by Brookstone, while SMST is a Inverse Equities fund actively managed by Defiance. Both are actively managed. Over the past year, BAMG returned 21.69% vs 240.03% for SMST. At a correlation of -0.46, they often move in opposite directions. BAMG charges 0.95%/yr vs 1.29%/yr for SMST.

Performance

BAMG vs. SMST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brookstone Growth Stock ETF (BAMG) and Defiance Daily Target 2X Short MSTR ETF (SMST). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BAMG achieves a 10.50% return, which is significantly higher than SMST's -27.96% return.

BAMG

• 1D: -1.27%
• 1M: 1.66%
• 6M: 9.17%
• YTD: 10.50%
• 1Y: 21.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SMST

• 1D: 5.26%
• 1M: 44.38%
• 6M: -15.07%
• YTD: -27.96%
• 1Y: 240.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BAMG vs. SMST - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BAMG Brookstone Growth Stock ETF	10.50%	17.03%	7.15%
SMST Defiance Daily Target 2X Short MSTR ETF	-27.96%	-44.36%	-91.71%

Correlation

The correlation between BAMG and SMST is -0.46, 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	-0.46
Correlation (All Time) Calculated using the full available price history since Aug 21, 2024	-0.46

Return for Risk

BAMG vs. SMST — Risk / Return Rank

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

BAMG

BAMG Risk / Return Rank: 47
BAMG Sharpe Ratio Rank: 51
BAMG Sortino Ratio Rank: 49
BAMG Omega Ratio Rank: 47
BAMG Calmar Ratio Rank: 41
BAMG Martin Ratio Rank: 48

SMST

SMST Risk / Return Rank: 60
SMST Sharpe Ratio Rank: 62
SMST Sortino Ratio Rank: 63
SMST Omega Ratio Rank: 63
SMST Calmar Ratio Rank: 71
SMST Martin Ratio Rank: 43

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.

BAMG vs. SMST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brookstone Growth Stock ETF (BAMG) and Defiance Daily Target 2X Short MSTR ETF (SMST). 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.

	BAMG	SMST	Difference
Sharpe ratio: Return per unit of total volatility	1.40	1.62	-0.22
Sortino ratio: Return per unit of downside risk	1.97	2.33	-0.37
Omega ratio: Gain probability vs. loss probability	1.24	1.30	-0.06
Calmar ratio: Return relative to maximum drawdown	1.67	2.83	-1.16
Martin ratio: Return relative to average drawdown	6.40	5.47	+0.92

BAMG vs. SMST - Sharpe Ratio Comparison

The current BAMG Sharpe Ratio is 1.40, which is comparable to the SMST Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of BAMG and SMST, 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

BAMG vs. SMST - Drawdown Comparison

The maximum BAMG drawdown since its inception was -21.00%, smaller than the maximum SMST drawdown of -99.25%. Use the drawdown chart below to compare losses from any high point for BAMG and SMST.

Drawdown Indicators

	BAMG	SMST	Difference
Max Drawdown Largest peak-to-trough decline	-21.00%	-99.25%	+78.25%
Max Drawdown (1Y) Largest decline over 1 year	-13.08%	-85.39%	+72.31%
Current Drawdown Current decline from peak	-2.06%	-97.17%	+95.11%
Average Drawdown Average peak-to-trough decline	-2.48%	-90.89%	+88.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.40%	44.09%	-40.69%

Volatility

BAMG vs. SMST - Volatility Comparison

The current volatility for Brookstone Growth Stock ETF (BAMG) is 6.06%, while Defiance Daily Target 2X Short MSTR ETF (SMST) has a volatility of 56.59%. This indicates that BAMG experiences smaller price fluctuations and is considered to be less risky than SMST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BAMG	SMST	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.06%	56.59%	-50.53%
Volatility (6M) Calculated over the trailing 6-month period	12.57%	135.88%	-123.31%
Volatility (1Y) Calculated over the trailing 1-year period	15.61%	149.23%	-133.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.17%	167.74%	-150.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.17%	167.74%	-150.57%

BAMG vs. SMST - Expense Ratio Comparison

BAMG has a 0.95% expense ratio, which is lower than SMST's 1.29% expense ratio.

Dividends

BAMG vs. SMST - Dividend Comparison

Neither BAMG nor SMST has paid dividends to shareholders.

Position	TTM	2025	2024	2023
BAMG Brookstone Growth Stock ETF	0.00%	0.00%	1.24%	0.12%
SMST Defiance Daily Target 2X Short MSTR ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BAMG and SMST in my portfolio?

BAMG and SMST have a correlation of -0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BAMG or SMST?

SMST has higher volatility (56.59%) compared to BAMG (6.06%). In terms of maximum drawdown, BAMG dropped -21.00% vs SMST's -99.25%.

Which ETF is better, BAMG or SMST?

On 1-year performance, SMST leads with 240.03% vs 21.69% for BAMG. On fees, BAMG is cheaper at 0.95% per year. On volatility, BAMG has been the lower-risk option at 6.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BAMG or SMST?

Over the 1-year period, SMST has performed better with a 240.03% return vs 21.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BAMG or SMST?

BAMG is cheaper with a 0.95% expense ratio, compared with 1.29% for SMST.

Which ETF pays a higher dividend yield, BAMG or SMST?

BAMG and SMST have nearly identical dividend yields, around 0.00%.

What is the main difference between BAMG and SMST?

BAMG is categorized as Large Cap Growth Equities, while SMST is Inverse Equities. They also come from different issuers: Brookstone and Defiance. Their fees differ too: 0.95% for BAMG and 1.29% for SMST.

Which has better risk-adjusted returns?

SMST currently has the higher Sharpe Ratio (1.62 vs 1.40), 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.