ESGN vs. SMST
ESGN (Columbia Sustainable International Equity Income ETF) and SMST (Defiance Daily Target 2X Short MSTR ETF) are both exchange-traded funds - ESGN is a Dividend fund tracking the MSCI Beta ADV Sust Intl Equity Income 100, while SMST is a Inverse Equities fund actively managed by Defiance. ESGN is passively managed, while SMST is actively managed. Over the past year, ESGN returned 28.80% vs 128.37% for SMST. Their -0.29 correlation means they have often moved in opposite directions in the past. ESGN charges 0.45%/yr vs 1.29%/yr for SMST.
Performance
ESGN vs. SMST - Performance Comparison
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Returns By Period
In the year-to-date period, ESGN achieves a 12.10% return, which is significantly higher than SMST's -35.77% return.
ESGN
- 1D
- -0.61%
- 1M
- 4.84%
- 6M
- 7.09%
- YTD
- 12.10%
- 1Y
- 28.80%
- 3Y*
- 20.29%
- 5Y*
- 13.46%
- 10Y*
- 9.92%
- ALL TIME*
- 10.16%
SMST
- 1D
- 8.37%
- 1M
- 5.47%
- 6M
- -29.35%
- YTD
- -35.77%
- 1Y
- 128.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -83.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $606.92K | $766.57K | $703.44K | |
| $15.35M | $15.12M | $17.58M |
ESGN vs. SMST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ESGN Columbia Sustainable International Equity Income ETF | 12.10% | 39.85% | -5.34% |
SMST Defiance Daily Target 2X Short MSTR ETF | -35.77% | -44.36% | -91.71% |
Correlation
The correlation between ESGN and SMST is -0.34, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.34 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 2024 | -0.29 |
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Return for Risk
ESGN vs. SMST — Risk / Return Rank
ESGN
SMST
ESGN vs. SMST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Sustainable International Equity Income ETF (ESGN) 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.
| ESGN | SMST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.27 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 2.00 | +1.00 |
| Martin ratioReturn relative to average drawdown | 9.69 | 3.68 | +6.01 |
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Drawdowns
ESGN vs. SMST - Drawdown Comparison
The maximum ESGN drawdown since its inception was -41.71%, smaller than the maximum SMST drawdown of -99.25%. Use the drawdown chart below to compare losses from any high point for ESGN and SMST.
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Drawdown Indicators
| ESGN | SMST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.71% | -99.25% | +57.54% |
Max Drawdown (1Y)Largest decline over 1 year | -9.56% | -85.39% | +75.83% |
Max Drawdown (3Y)Largest decline over 3 years | -14.38% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.51% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.71% | — | — |
Current DrawdownCurrent decline from peak | -0.61% | -97.48% | +96.87% |
Average DrawdownAverage peak-to-trough decline | -7.00% | -91.08% | +84.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 46.35% | -43.39% |
Volatility
ESGN vs. SMST - Volatility Comparison
The current volatility for Columbia Sustainable International Equity Income ETF (ESGN) is 4.27%, while Defiance Daily Target 2X Short MSTR ETF (SMST) has a volatility of 38.14%. This indicates that ESGN 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.
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Volatility by Period
| ESGN | SMST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.27% | 38.14% | -33.87% |
Volatility (6M)Calculated over the trailing 6-month period | 11.47% | 135.29% | -123.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.57% | 151.04% | -137.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.33% | 166.75% | -151.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.37% | 166.75% | -150.38% |
ESGN vs. SMST - Expense Ratio Comparison
ESGN has a 0.45% expense ratio, which is lower than SMST's 1.29% expense ratio.
Dividends
ESGN vs. SMST - Dividend Comparison
ESGN's dividend yield for the trailing twelve months is around 9.31%, while SMST has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ESGN Columbia Sustainable International Equity Income ETF | 9.31% | 9.76% | 3.11% | 3.27% | 3.57% | 3.43% | 2.64% | 3.34% | 7.25% | 4.63% | 2.52% |
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% | 0.00% |
Frequently Asked Questions
ESGN and SMST have a correlation of -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMST has higher volatility (38.14%) compared to ESGN (4.27%). In terms of maximum drawdown, ESGN dropped -41.71% vs SMST's -99.25%.
On 1-year performance, SMST leads with 128.37% vs 28.80% for ESGN. On fees, ESGN is cheaper at 0.45% per year. On volatility, ESGN has been the lower-risk option at 4.27%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SMST has performed better with a 128.37% return vs 28.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ESGN is cheaper with a 0.45% expense ratio, compared with 1.29% for SMST.
ESGN has the higher dividend yield at 9.31%, compared with 0.00% for SMST.
ESGN is categorized as Dividend, while SMST is Inverse Equities. They also come from different issuers: Ameriprise Financial and Defiance. Their fees differ too: 0.45% for ESGN and 1.29% for SMST.
ESGN currently has the higher Sharpe Ratio (2.12 vs 1.13), 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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