EGGQ vs. SMST

Last updated Jul 12, 2026

EGGQ (NestYield Visionary ETF) and SMST (Defiance Daily Target 2X Short MSTR ETF) are both exchange-traded funds - EGGQ is a Derivative Income fund actively managed by NestYield, while SMST is a Inverse Equities fund actively managed by Defiance. Both are actively managed. Over the past year, EGGQ returned 38.99% vs 223.04% for SMST. At a correlation of -0.45, they often move in opposite directions. EGGQ charges 0.89%/yr vs 1.29%/yr for SMST.

Performance

EGGQ vs. SMST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NestYield Visionary ETF (EGGQ) 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, EGGQ achieves a 29.65% return, which is significantly higher than SMST's -31.56% return.

EGGQ

• 1D: -0.13%
• 1M: -2.14%
• 6M: 29.15%
• YTD: 29.65%
• 1Y: 38.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SMST

• 1D: -1.67%
• 1M: 37.17%
• 6M: -24.18%
• YTD: -31.56%
• 1Y: 223.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EGGQ vs. SMST - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EGGQ NestYield Visionary ETF	29.65%	25.92%	-0.88%
SMST Defiance Daily Target 2X Short MSTR ETF	-31.56%	-44.36%	26.75%

Correlation

The correlation between EGGQ and SMST is -0.41, 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	-0.41
Correlation (All Time) Calculated using the full available price history since Dec 30, 2024	-0.45

Return for Risk

EGGQ vs. SMST — Risk / Return Rank

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

EGGQ

EGGQ Risk / Return Rank: 39
EGGQ Sharpe Ratio Rank: 36
EGGQ Sortino Ratio Rank: 34
EGGQ Omega Ratio Rank: 38
EGGQ Calmar Ratio Rank: 49
EGGQ Martin Ratio Rank: 40

SMST

SMST Risk / Return Rank: 53
SMST Sharpe Ratio Rank: 49
SMST Sortino Ratio Rank: 58
SMST Omega Ratio Rank: 58
SMST Calmar Ratio Rank: 60
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.

EGGQ vs. SMST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NestYield Visionary ETF (EGGQ) 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.

	EGGQ	SMST	Difference
Sharpe ratio: Return per unit of total volatility	1.07	1.37	-0.30
Sortino ratio: Return per unit of downside risk	1.49	2.22	-0.73
Omega ratio: Gain probability vs. loss probability	1.21	1.29	-0.08
Calmar ratio: Return relative to maximum drawdown	1.99	2.39	-0.40
Martin ratio: Return relative to average drawdown	5.03	4.64	+0.39

EGGQ vs. SMST - Sharpe Ratio Comparison

The current EGGQ Sharpe Ratio is 1.07, which is comparable to the SMST Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of EGGQ 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

EGGQ vs. SMST - Drawdown Comparison

The maximum EGGQ drawdown since its inception was -22.70%, smaller than the maximum SMST drawdown of -99.25%. Use the drawdown chart below to compare losses from any high point for EGGQ and SMST.

Drawdown Indicators

	EGGQ	SMST	Difference
Max Drawdown Largest peak-to-trough decline	-22.70%	-99.25%	+76.55%
Max Drawdown (1Y) Largest decline over 1 year	-19.76%	-85.39%	+65.63%
Current Drawdown Current decline from peak	-13.02%	-97.31%	+84.29%
Average Drawdown Average peak-to-trough decline	-5.79%	-90.88%	+85.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.81%	43.98%	-36.17%

Volatility

EGGQ vs. SMST - Volatility Comparison

The current volatility for NestYield Visionary ETF (EGGQ) is 20.03%, while Defiance Daily Target 2X Short MSTR ETF (SMST) has a volatility of 56.47%. This indicates that EGGQ 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

	EGGQ	SMST	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.03%	56.47%	-36.44%
Volatility (6M) Calculated over the trailing 6-month period	32.29%	135.94%	-103.65%
Volatility (1Y) Calculated over the trailing 1-year period	36.83%	149.09%	-112.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.87%	167.87%	-132.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.87%	167.87%	-132.00%

EGGQ vs. SMST - Expense Ratio Comparison

EGGQ has a 0.89% expense ratio, which is lower than SMST's 1.29% expense ratio.

Dividends

EGGQ vs. SMST - Dividend Comparison

EGGQ's dividend yield for the trailing twelve months is around 6.25%, while SMST has not paid dividends to shareholders.

Position	TTM	2025
EGGQ NestYield Visionary ETF	6.25%	5.70%
SMST Defiance Daily Target 2X Short MSTR ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both EGGQ and SMST in my portfolio?

EGGQ and SMST have a correlation of -0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EGGQ or SMST?

SMST has higher volatility (56.47%) compared to EGGQ (20.03%). In terms of maximum drawdown, EGGQ dropped -22.70% vs SMST's -99.25%.

Which ETF is better, EGGQ or SMST?

On 1-year performance, SMST leads with 223.04% vs 38.99% for EGGQ. On fees, EGGQ is cheaper at 0.89% per year. On volatility, EGGQ has been the lower-risk option at 20.03%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EGGQ or SMST?

Over the 1-year period, SMST has performed better with a 223.04% return vs 38.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EGGQ or SMST?

EGGQ is cheaper with a 0.89% expense ratio, compared with 1.29% for SMST.

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

EGGQ has the higher dividend yield at 6.25%, compared with 0.00% for SMST.

What is the main difference between EGGQ and SMST?

EGGQ is categorized as Derivative Income, while SMST is Inverse Equities. They also come from different issuers: NestYield and Defiance. Their fees differ too: 0.89% for EGGQ and 1.29% for SMST.

Which has better risk-adjusted returns?

SMST currently has the higher Sharpe Ratio (1.37 vs 1.07), 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.