FFTY vs. SMST

Last updated Aug 2, 2026

FFTY (CapForce IBD 50 ETF) and SMST (Defiance Daily Target 2X Short MSTR ETF) are both exchange-traded funds - FFTY is a Mid Cap Growth Equities fund tracking the IBD 50 Index, while SMST is a Inverse Equities fund actively managed by Defiance. FFTY is passively managed, while SMST is actively managed. Over the past year, FFTY returned 13.28% vs 128.37% for SMST. Their -0.45 correlation means they have often moved in opposite directions in the past. FFTY charges 0.80%/yr vs 1.29%/yr for SMST.

Performance

FFTY vs. SMST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CapForce IBD 50 ETF (FFTY) 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, FFTY achieves a 6.26% return, which is significantly higher than SMST's -35.77% return.

FFTY

• 1D: -0.91%
• 1M: -9.03%
• 6M: 3.47%
• YTD: 6.26%
• 1Y: 13.28%
• 3Y*: 13.48%
• 5Y*: -2.78%
• 10Y*: 5.57%
• ALL TIME*: 4.04%

SMST

• 1D: 8.37%
• 1M: 5.47%
• 6M: -29.35%
• YTD: -35.77%
• 1Y: 128.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -83.68%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FFTY CapForce IBD 50 ETF	$863.41K	$1.19M	$1.59M
SMST Defiance Daily Target 2X Short MSTR ETF	$15.35M	$15.12M	$17.58M

FFTY vs. SMST - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FFTY CapForce IBD 50 ETF	6.26%	23.38%	11.20%
SMST Defiance Daily Target 2X Short MSTR ETF	-35.77%	-44.36%	-91.71%

Correlation

The correlation between FFTY and SMST is -0.43, 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.	-0.43
Correlation (All Time) Calculated using the full available price history since Aug 21, 2024	-0.45

Return for Risk

FFTY vs. SMST — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FFTY

FFTY Risk / Return Rank: 18
FFTY Sharpe Ratio Rank: 17
FFTY Sortino Ratio Rank: 18
FFTY Omega Ratio Rank: 18
FFTY Calmar Ratio Rank: 18
FFTY Martin Ratio Rank: 18

SMST

SMST Risk / Return Rank: 52
SMST Sharpe Ratio Rank: 45
SMST Sortino Ratio Rank: 62
SMST Omega Ratio Rank: 61
SMST Calmar Ratio Rank: 56
SMST Martin Ratio Rank: 36

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FFTY vs. SMST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CapForce IBD 50 ETF (FFTY) 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.

	FFTY	SMST	Difference
Sharpe ratio: Return per unit of total volatility	0.26	1.13	-0.87
Sortino ratio: Return per unit of downside risk	0.59	2.09	-1.51
Omega ratio: Gain probability vs. loss probability	1.07	1.27	-0.19
Calmar ratio: Return relative to maximum drawdown	0.41	2.00	-1.59
Martin ratio: Return relative to average drawdown	1.00	3.68	-2.68

FFTY vs. SMST - Sharpe Ratio Comparison

The current FFTY Sharpe Ratio is 0.26, which is lower than the SMST Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of FFTY 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

FFTY vs. SMST - Drawdown Comparison

The maximum FFTY drawdown since its inception was -59.46%, smaller than the maximum SMST drawdown of -99.25%. Use the drawdown chart below to compare losses from any high point for FFTY and SMST.

Drawdown Indicators

	FFTY	SMST	Difference
Max Drawdown Largest peak-to-trough decline	-59.46%	-99.25%	+39.79%
Max Drawdown (1Y) Largest decline over 1 year	-23.29%	-85.39%	+62.10%
Max Drawdown (3Y) Largest decline over 3 years	-29.60%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-59.46%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-59.46%	—	—
Current Drawdown Current decline from peak	-25.10%	-97.48%	+72.38%
Average Drawdown Average peak-to-trough decline	-22.32%	-91.08%	+68.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.51%	46.35%	-36.84%

Volatility

FFTY vs. SMST - Volatility Comparison

The current volatility for CapForce IBD 50 ETF (FFTY) is 8.45%, while Defiance Daily Target 2X Short MSTR ETF (SMST) has a volatility of 38.14%. This indicates that FFTY 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

	FFTY	SMST	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.45%	38.14%	-29.69%
Volatility (6M) Calculated over the trailing 6-month period	29.16%	135.29%	-106.13%
Volatility (1Y) Calculated over the trailing 1-year period	36.53%	151.04%	-114.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.75%	166.75%	-137.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.79%	166.75%	-138.96%

FFTY vs. SMST - Expense Ratio Comparison

FFTY has a 0.80% expense ratio, which is lower than SMST's 1.29% expense ratio.

Dividends

FFTY vs. SMST - Dividend Comparison

FFTY's dividend yield for the trailing twelve months is around 1.27%, while SMST has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FFTY CapForce IBD 50 ETF	1.27%	1.35%	0.91%	0.65%	2.75%	0.22%	0.00%	0.00%	0.00%	0.17%
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 FFTY and SMST in my portfolio?

FFTY and SMST have a correlation of -0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FFTY or SMST?

SMST has higher volatility (38.14%) compared to FFTY (8.45%). In terms of maximum drawdown, FFTY dropped -59.46% vs SMST's -99.25%.

Which ETF is better, FFTY or SMST?

On 1-year performance, SMST leads with 128.37% vs 13.28% for FFTY. On fees, FFTY is cheaper at 0.80% per year. On volatility, FFTY has been the lower-risk option at 8.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FFTY or SMST?

Over the 1-year period, SMST has performed better with a 128.37% return vs 13.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FFTY or SMST?

FFTY is cheaper with a 0.80% expense ratio, compared with 1.29% for SMST.

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

FFTY has the higher dividend yield at 1.27%, compared with 0.00% for SMST.

What is the main difference between FFTY and SMST?

FFTY is categorized as Mid Cap Growth Equities, while SMST is Inverse Equities. They also come from different issuers: CapForce and Defiance. Their fees differ too: 0.80% for FFTY and 1.29% for SMST.

Which has better risk-adjusted returns?

SMST currently has the higher Sharpe Ratio (1.13 vs 0.26), 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.