NVTX vs. SMUP

Last updated Jun 24, 2026

NVTX (Tradr 2X Long NVTS Daily ETF) and SMUP (T-REX 2X Long SMR Daily Target ETF) are both Leveraged Equities funds. Both are actively managed. A 0.60 correlation means they provide meaningful diversification when combined. NVTX charges 1.30%/yr vs 1.50%/yr for SMUP.

Performance

NVTX vs. SMUP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long NVTS Daily ETF (NVTX) and T-REX 2X Long SMR Daily Target ETF (SMUP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NVTX achieves a 250.82% return, which is significantly higher than SMUP's -66.64% return.

NVTX

• 1D: -19.51%
• 1M: -54.78%
• YTD: 250.82%
• 6M: 201.42%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SMUP

• 1D: -6.94%
• 1M: -18.02%
• YTD: -66.64%
• 6M: -74.05%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVTX vs. SMUP - Yearly Performance Comparison

	2026 (YTD)	2025
NVTX Tradr 2X Long NVTS Daily ETF	250.82%	-11.25%
SMUP T-REX 2X Long SMR Daily Target ETF	-66.64%	-89.00%

Correlation

The correlation between NVTX and SMUP is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 9, 2025	0.60

Return for Risk

NVTX vs. SMUP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long NVTS Daily ETF (NVTX) and T-REX 2X Long SMR Daily Target ETF (SMUP). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

NVTX vs. SMUP - Drawdown Comparison

The maximum NVTX drawdown since its inception was -89.20%, smaller than the maximum SMUP drawdown of -98.91%. Use the drawdown chart below to compare losses from any high point for NVTX and SMUP.

Drawdown Indicators

	NVTX	SMUP	Difference
Max Drawdown Largest peak-to-trough decline	-89.20%	-98.91%	+9.71%
Current Drawdown Current decline from peak	-61.33%	-98.57%	+37.24%
Average Drawdown Average peak-to-trough decline	-59.89%	-79.92%	+20.03%

Volatility

Volatility by Period

	NVTX	SMUP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	265.87%	204.07%	+61.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	265.87%	204.07%	+61.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	265.87%	204.07%	+61.80%

NVTX vs. SMUP - Expense Ratio Comparison

NVTX has a 1.30% expense ratio, which is lower than SMUP's 1.50% expense ratio.

Dividends

NVTX vs. SMUP - Dividend Comparison

NVTX's dividend yield for the trailing twelve months is around 4.86%, less than SMUP's 67.72% yield.

Position	TTM	2025
NVTX Tradr 2X Long NVTS Daily ETF	4.86%	17.05%
SMUP T-REX 2X Long SMR Daily Target ETF	67.72%	22.59%

Frequently Asked Questions

Can I hold both NVTX and SMUP in my portfolio?

NVTX and SMUP have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NVTX or SMUP?

On fees, NVTX is cheaper at 1.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NVTX or SMUP?

NVTX is cheaper with a 1.30% expense ratio, compared with 1.50% for SMUP.

Which ETF pays a higher dividend yield, NVTX or SMUP?

SMUP has the higher dividend yield at 67.72%, compared with 4.86% for NVTX.

What is the main difference between NVTX and SMUP?

They also come from different issuers: Tradr and T-Rex. Their fees differ too: 1.30% for NVTX and 1.50% for SMUP.