RGTZ vs. SMST
RGTZ (Defiance Daily Target 2X Short RGTI ETF) and SMST (Defiance Daily Target 2X Short MSTR ETF) are both Inverse Equities funds. Both are actively managed. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 1.29% expense ratio.
Performance
RGTZ vs. SMST - Performance Comparison
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Returns By Period
In the year-to-date period, RGTZ achieves a -85.18% return, which is significantly lower than SMST's -32.44% return.
RGTZ
- 1D
- 1.25%
- 1M
- 16.13%
- YTD
- -85.18%
- 6M
- -81.74%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMST
- 1D
- 9.85%
- 1M
- 101.03%
- YTD
- -32.44%
- 6M
- -27.49%
- 1Y
- 112.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RGTZ vs. SMST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RGTZ Defiance Daily Target 2X Short RGTI ETF | -85.18% | 7.21% |
SMST Defiance Daily Target 2X Short MSTR ETF | -32.44% | 246.92% |
Correlation
The correlation between RGTZ and SMST is 0.54, 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 Oct 9, 2025 | 0.54 |
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Return for Risk
RGTZ vs. SMST — Risk / Return Rank
RGTZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SMST
RGTZ vs. SMST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short RGTI ETF (RGTZ) 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.
| RGTZ | SMST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.23 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.33 | — |
| Martin ratioReturn relative to average drawdown | — | 2.63 | — |
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Drawdowns
RGTZ vs. SMST - Drawdown Comparison
The maximum RGTZ drawdown since its inception was -92.92%, smaller than the maximum SMST drawdown of -99.25%. Use the drawdown chart below to compare losses from any high point for RGTZ and SMST.
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Drawdown Indicators
| RGTZ | SMST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.92% | -99.25% | +6.33% |
Max Drawdown (1Y)Largest decline over 1 year | — | -85.39% | — |
Current DrawdownCurrent decline from peak | -91.04% | -97.35% | +6.31% |
Average DrawdownAverage peak-to-trough decline | -44.54% | -90.72% | +46.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 43.37% | — |
Volatility
RGTZ vs. SMST - Volatility Comparison
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Volatility by Period
| RGTZ | SMST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 42.53% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 128.39% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 218.33% | 144.30% | +74.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 218.33% | 166.48% | +51.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 218.33% | 166.48% | +51.85% |
RGTZ vs. SMST - Expense Ratio Comparison
Both RGTZ and SMST have an expense ratio of 1.29%.
Dividends
RGTZ vs. SMST - Dividend Comparison
Neither RGTZ nor SMST has paid dividends to shareholders.
Frequently Asked Questions
RGTZ and SMST have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 1.29% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
RGTZ and SMST have the same expense ratio: 1.29% per year.
RGTZ and SMST have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance ETFs and Defiance.
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