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 52.57%/yr vs -5.60%/yr for SMCI. Their 0.53 correlation means they have sometimes moved together and sometimes differently.
Performance
BULZ vs. SMCI - Performance Comparison
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Returns By Period
In the year-to-date period, BULZ achieves a 14.01% return, which is significantly higher than SMCI's -2.97% return.
BULZ
- 1D
- 1.93%
- 1M
- -17.83%
- 6M
- 15.82%
- YTD
- 14.01%
- 1Y
- 74.21%
- 3Y*
- 52.57%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.31%
SMCI
- 1D
- 2.42%
- 1M
- 4.34%
- 6M
- -2.44%
- YTD
- -2.97%
- 1Y
- -49.86%
- 3Y*
- -5.60%
- 5Y*
- 49.49%
- 10Y*
- 29.71%
- ALL TIME*
- 19.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $23.90M | $29.65M | $44.16M | |
| $1.63B | $1.22B | $1.80B |
BULZ vs. SMCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BULZ MicroSectors FANG & Innovation 3X Leveraged ETNs | 14.01% | 60.09% | 54.09% | 394.22% | -92.26% | 9.17% |
SMCI Super Micro Computer, Inc. | -2.97% | -3.97% | 7.23% | 246.24% | 86.80% | 20.18% |
Correlation
The correlation between BULZ and SMCI is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.59 |
Correlation (3Y) Balances recent behavior with more history. | 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 0.59 - 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 | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.94 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | -0.80 | +1.84 |
| Martin ratioReturn relative to average drawdown | 2.36 | -1.24 | +3.59 |
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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 | -55.29% | -65.01% | +9.72% |
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 | -46.29% | -76.10% | +29.81% |
Average DrawdownAverage peak-to-trough decline | -57.57% | -32.28% | -25.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.42% | 42.29% | -17.87% |
Volatility
BULZ vs. SMCI - Volatility Comparison
MicroSectors FANG & Innovation 3X Leveraged ETNs (BULZ) has a higher volatility of 31.48% compared to Super Micro Computer, Inc. (SMCI) at 27.83%. This indicates that BULZ's price experiences larger fluctuations and is considered to be riskier 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 | 31.48% | 27.83% | +3.65% |
Volatility (6M)Calculated over the trailing 6-month period | 70.05% | 82.17% | -12.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 85.72% | 89.74% | -4.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 92.08% | 88.01% | +4.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.08% | 71.49% | +20.59% |
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 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BULZ has higher volatility (31.48%) compared to SMCI (27.83%). In terms of maximum drawdown, BULZ dropped -94.44% vs SMCI's -84.84%.
BULZ currently has the higher Sharpe Ratio (0.67 vs -0.58), 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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