SAMT vs. HCMT

Last updated Apr 1, 2026

Compare and contrast key facts about Strategas Macro Thematic Opportunities ETF (SAMT) and Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF (HCMT).

SAMT and HCMT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SAMT is an actively managed fund by Strategas. It was launched on Jan 25, 2022. HCMT is an actively managed fund by Direxion. It was launched on Jun 21, 2023.

Performance

SAMT vs. HCMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strategas Macro Thematic Opportunities ETF (SAMT) and Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF (HCMT). The values are adjusted to include any dividend payments, if applicable.

SAMT vs. HCMT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SAMT Strategas Macro Thematic Opportunities ETF	1.97%	33.10%	28.15%	1.49%
HCMT Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF	-8.58%	7.39%	39.14%	5.67%

Returns By Period

In the year-to-date period, SAMT achieves a 1.97% return, which is significantly higher than HCMT's -8.58% return.

SAMT

• 1D: 2.00%
• 1M: -1.60%
• YTD: 1.97%
• 6M: 6.10%
• 1Y: 35.45%
• 3Y*: 22.13%
• 5Y*: —
• 10Y*: —

HCMT

• 1D: -0.03%
• 1M: -6.60%
• YTD: -8.58%
• 6M: -5.95%
• 1Y: 17.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SAMT vs. HCMT - Expense Ratio Comparison

SAMT has a 0.66% expense ratio, which is lower than HCMT's 1.17% expense ratio.

HCMT

Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF

SAMT

Strategas Macro Thematic Opportunities ETF

Return for Risk

SAMT vs. HCMT — Risk / Return Rank

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

SAMT

SAMT Risk / Return Rank: 91
SAMT Sharpe Ratio Rank: 91
SAMT Sortino Ratio Rank: 91
SAMT Omega Ratio Rank: 88
SAMT Calmar Ratio Rank: 95
SAMT Martin Ratio Rank: 90

HCMT

HCMT Risk / Return Rank: 33
HCMT Sharpe Ratio Rank: 32
HCMT Sortino Ratio Rank: 32
HCMT Omega Ratio Rank: 33
HCMT Calmar Ratio Rank: 36
HCMT Martin Ratio Rank: 30

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.

SAMT vs. HCMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strategas Macro Thematic Opportunities ETF (SAMT) and Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF (HCMT). 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.

	SAMT	HCMT	Difference
Sharpe ratio Return per unit of total volatility	2.01	0.58	+1.44
Sortino ratio Return per unit of downside risk	2.65	0.91	+1.74
Omega ratio Gain probability vs. loss probability	1.36	1.13	+0.23
Calmar ratio Return relative to maximum drawdown	4.10	0.89	+3.21
Martin ratio Return relative to average drawdown	11.61	2.48	+9.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SAMT vs. HCMT - Sharpe Ratio Comparison

The current SAMT Sharpe Ratio is 2.01, which is higher than the HCMT Sharpe Ratio of 0.58. The chart below compares the historical Sharpe Ratios of SAMT and HCMT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SAMT	HCMT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	0.58	+1.44
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.49	+0.27

Correlation

The correlation between SAMT and HCMT is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

SAMT vs. HCMT - Dividend Comparison

SAMT's dividend yield for the trailing twelve months is around 0.69%, more than HCMT's 0.46% yield.

	TTM	2025	2024	2023	2022
SAMT Strategas Macro Thematic Opportunities ETF	0.69%	0.70%	1.40%	1.49%	0.73%
HCMT Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF	0.46%	0.43%	2.75%	0.63%	0.00%

Drawdowns

SAMT vs. HCMT - Drawdown Comparison

The maximum SAMT drawdown since its inception was -20.57%, smaller than the maximum HCMT drawdown of -36.26%. Use the drawdown chart below to compare losses from any high point for SAMT and HCMT.

Drawdown Indicators

	SAMT	HCMT	Difference
Max Drawdown Largest peak-to-trough decline	-20.57%	-36.26%	+15.69%
Max Drawdown (1Y) Largest decline over 1 year	-8.76%	-19.31%	+10.55%
Current Drawdown Current decline from peak	-5.78%	-13.50%	+7.72%
Average Drawdown Average peak-to-trough decline	-8.00%	-8.33%	+0.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.10%	6.93%	-3.83%

Volatility

SAMT vs. HCMT - Volatility Comparison

The current volatility for Strategas Macro Thematic Opportunities ETF (SAMT) is 4.97%, while Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF (HCMT) has a volatility of 7.70%. This indicates that SAMT experiences smaller price fluctuations and is considered to be less risky than HCMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SAMT	HCMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.97%	7.70%	-2.73%
Volatility (6M) Calculated over the trailing 6-month period	11.91%	20.08%	-8.17%
Volatility (1Y) Calculated over the trailing 1-year period	17.68%	29.73%	-12.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.78%	29.03%	-12.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.78%	29.03%	-12.25%