BIBL vs. SMST

Last updated Jun 26, 2026

BIBL (Inspire 100 ETF) and SMST (Defiance Daily Target 2X Short MSTR ETF) are both exchange-traded funds - BIBL is a Large Cap Growth Equities fund tracking the Inspire 100 Index, while SMST is a Inverse Equities fund actively managed by Defiance. BIBL is passively managed, while SMST is actively managed. Over the past year, BIBL returned 43.19% vs 236.89% for SMST. At a correlation of -0.40, they often move in opposite directions. BIBL charges 0.35%/yr vs 1.29%/yr for SMST.

Performance

BIBL vs. SMST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Inspire 100 ETF (BIBL) 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, BIBL achieves a 27.80% return, which is significantly higher than SMST's -5.14% return.

BIBL

• 1D: 2.32%
• 1M: 5.32%
• YTD: 27.80%
• 6M: 25.96%
• 1Y: 43.19%
• 3Y*: 23.08%
• 5Y*: 10.80%
• 10Y*: —

SMST

• 1D: 18.45%
• 1M: 181.70%
• YTD: -5.14%
• 6M: 2.86%
• 1Y: 236.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BIBL vs. SMST - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BIBL Inspire 100 ETF	27.80%	17.27%	-0.62%
SMST Defiance Daily Target 2X Short MSTR ETF	-5.14%	-44.36%	-91.71%

Correlation

The correlation between BIBL and SMST is -0.39, 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	-0.39
Correlation (All Time) Calculated using the full available price history since Aug 21, 2024	-0.40

Return for Risk

BIBL vs. SMST — Risk / Return Rank

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

BIBL

BIBL Risk / Return Rank: 89
BIBL Sharpe Ratio Rank: 90
BIBL Sortino Ratio Rank: 88
BIBL Omega Ratio Rank: 86
BIBL Calmar Ratio Rank: 90
BIBL Martin Ratio Rank: 93

SMST

SMST Risk / Return Rank: 53
SMST Sharpe Ratio Rank: 54
SMST Sortino Ratio Rank: 55
SMST Omega Ratio Rank: 54
SMST Calmar Ratio Rank: 64
SMST Martin Ratio Rank: 38

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.

BIBL vs. SMST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Inspire 100 ETF (BIBL) 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.

	BIBL	SMST	Difference
Sharpe ratio: Return per unit of total volatility	2.62	1.63	+0.99
Sortino ratio: Return per unit of downside risk	3.45	2.35	+1.10
Omega ratio: Gain probability vs. loss probability	1.45	1.30	+0.15
Calmar ratio: Return relative to maximum drawdown	4.85	2.79	+2.06
Martin ratio: Return relative to average drawdown	20.62	5.52	+15.10

BIBL vs. SMST - Sharpe Ratio Comparison

The current BIBL Sharpe Ratio is 2.62, which is higher than the SMST Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of BIBL 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

BIBL vs. SMST - Drawdown Comparison

The maximum BIBL drawdown since its inception was -36.12%, smaller than the maximum SMST drawdown of -99.25%. Use the drawdown chart below to compare losses from any high point for BIBL and SMST.

Drawdown Indicators

	BIBL	SMST	Difference
Max Drawdown Largest peak-to-trough decline	-36.12%	-99.25%	+63.13%
Max Drawdown (1Y) Largest decline over 1 year	-8.94%	-85.39%	+76.45%
Max Drawdown (3Y) Largest decline over 3 years	-20.60%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-30.85%	—	—
Current Drawdown Current decline from peak	0.00%	-96.27%	+96.27%
Average Drawdown Average peak-to-trough decline	-7.00%	-90.74%	+83.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	43.15%	-41.05%

Volatility

BIBL vs. SMST - Volatility Comparison

The current volatility for Inspire 100 ETF (BIBL) is 6.97%, while Defiance Daily Target 2X Short MSTR ETF (SMST) has a volatility of 46.13%. This indicates that BIBL 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

	BIBL	SMST	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.97%	46.13%	-39.16%
Volatility (6M) Calculated over the trailing 6-month period	13.79%	130.40%	-116.61%
Volatility (1Y) Calculated over the trailing 1-year period	16.56%	146.32%	-129.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.79%	167.25%	-147.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.12%	167.25%	-146.13%

BIBL vs. SMST - Expense Ratio Comparison

BIBL has a 0.35% expense ratio, which is lower than SMST's 1.29% expense ratio.

Dividends

BIBL vs. SMST - Dividend Comparison

BIBL's dividend yield for the trailing twelve months is around 0.92%, while SMST has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BIBL Inspire 100 ETF	0.92%	1.01%	0.92%	1.02%	0.98%	17.87%	1.67%	1.30%	1.49%	0.31%
SMST Defiance Daily Target 2X Short MSTR ETF	0.00%	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 BIBL and SMST in my portfolio?

BIBL and SMST have a correlation of -0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BIBL or SMST?

SMST has higher volatility (46.13%) compared to BIBL (6.97%). In terms of maximum drawdown, BIBL dropped -36.12% vs SMST's -99.25%.

Which ETF is better, BIBL or SMST?

On 1-year performance, SMST leads with 236.89% vs 43.19% for BIBL. On fees, BIBL is cheaper at 0.35% per year. On volatility, BIBL has been the lower-risk option at 6.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BIBL or SMST?

Over the 1-year period, SMST has performed better with a 236.89% return vs 43.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BIBL or SMST?

BIBL is cheaper with a 0.35% expense ratio, compared with 1.29% for SMST.

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

BIBL has the higher dividend yield at 0.92%, compared with 0.00% for SMST.

What is the main difference between BIBL and SMST?

BIBL is categorized as Large Cap Growth Equities, while SMST is Inverse Equities. They also come from different issuers: Inspire and Defiance. Their fees differ too: 0.35% for BIBL and 1.29% for SMST.

Which has better risk-adjusted returns?

BIBL currently has the higher Sharpe Ratio (2.62 vs 1.63), 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.