BULZ vs. SMCI
BULZ (MicroSectors FANG & Innovation 3X Leveraged ETNs) is Leveraged Equities fund tracking the Solactive FANG Innovation Index (300%), while SMCI (Super Micro Computer, Inc.) is a stock. Over the past 3 years, BULZ returned 82.14%/yr vs 17.96%/yr for SMCI. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
BULZ vs. SMCI - Performance Comparison
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Returns By Period
In the year-to-date period, BULZ achieves a 61.20% return, which is significantly higher than SMCI's 21.15% return.
BULZ
- 1D
- -2.95%
- 1M
- -4.19%
- YTD
- 61.20%
- 6M
- 55.42%
- 1Y
- 175.88%
- 3Y*
- 82.14%
- 5Y*
- —
- 10Y*
- —
SMCI
- 1D
- 15.66%
- 1M
- -0.34%
- YTD
- 21.15%
- 6M
- 14.13%
- 1Y
- -21.76%
- 3Y*
- 17.96%
- 5Y*
- 59.51%
- 10Y*
- 30.26%
BULZ vs. SMCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BULZ MicroSectors FANG & Innovation 3X Leveraged ETNs | 61.20% | 60.09% | 54.09% | 394.22% | -92.26% | 9.17% |
SMCI Super Micro Computer, Inc. | 21.15% | -3.97% | 7.23% | 246.24% | 86.80% | 20.18% |
Correlation
The correlation between BULZ and SMCI is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2021 | 0.53 |
The correlation between BULZ and SMCI has been stable across timeframes, ranging from 0.53 to 0.57 - a consistent structural relationship.
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Return for Risk
BULZ vs. SMCI — Risk / Return Rank
BULZ
SMCI
BULZ vs. SMCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG & Innovation 3X Leveraged ETNs (BULZ) and Super Micro Computer, Inc. (SMCI). 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.
| BULZ | SMCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.49 | ||
| Sortino ratioReturn per unit of downside risk | +2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.03 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.26 | -0.33 | +3.59 |
| Martin ratioReturn relative to average drawdown | 8.46 | -0.55 | +9.01 |
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Drawdowns
BULZ vs. SMCI - Drawdown Comparison
The maximum BULZ drawdown since its inception was -94.44%, which is greater than SMCI's maximum drawdown of -84.84%. Use the drawdown chart below to compare losses from any high point for BULZ and SMCI.
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Drawdown Indicators
| BULZ | SMCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.44% | -84.84% | -9.60% |
Max Drawdown (1Y)Largest decline over 1 year | -54.22% | -66.18% | +11.96% |
Max Drawdown (3Y)Largest decline over 3 years | -67.96% | -84.84% | +16.88% |
Max Drawdown (5Y)Largest decline over 5 years | — | -84.84% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -84.84% | — |
Current DrawdownCurrent decline from peak | -24.05% | -70.15% | +46.10% |
Average DrawdownAverage peak-to-trough decline | -58.04% | -32.03% | -26.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.87% | 39.95% | -19.08% |
Volatility
BULZ vs. SMCI - Volatility Comparison
The current volatility for MicroSectors FANG & Innovation 3X Leveraged ETNs (BULZ) is 33.09%, while Super Micro Computer, Inc. (SMCI) has a volatility of 47.00%. This indicates that BULZ experiences smaller price fluctuations and is considered to be less risky than SMCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BULZ | SMCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 33.09% | 47.00% | -13.91% |
Volatility (6M)Calculated over the trailing 6-month period | 62.60% | 78.19% | -15.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 79.22% | 87.39% | -8.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 91.72% | 87.03% | +4.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 91.72% | 71.48% | +20.24% |
Dividends
BULZ vs. SMCI - Dividend Comparison
Neither BULZ nor SMCI has paid dividends to shareholders.
Frequently Asked Questions
BULZ and SMCI have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMCI has higher volatility (47.00%) compared to BULZ (33.09%). In terms of maximum drawdown, BULZ dropped -94.44% vs SMCI's -84.84%.
BULZ currently has the higher Sharpe Ratio (2.24 vs -0.25), 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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