SMCC vs. HYTI
SMCC (Defiance Leveraged Long + Income SMCI ETF) and HYTI (FT Vest High Yield & Target Income ETF) are both Derivative Income funds. Both are actively managed. At a 0.09 correlation, their price movements are largely independent. SMCC charges 1.51%/yr vs 0.65%/yr for HYTI.
Performance
SMCC vs. HYTI - Performance Comparison
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Returns By Period
In the year-to-date period, SMCC achieves a 5.60% return, which is significantly higher than HYTI's 1.24% return.
SMCC
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 5.60%
- 6M
- -21.71%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYTI
- 1D
- -0.65%
- 1M
- -0.50%
- YTD
- 1.24%
- 6M
- 1.77%
- 1Y
- 6.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMCC vs. HYTI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMCC Defiance Leveraged Long + Income SMCI ETF | 5.60% | -57.43% |
HYTI FT Vest High Yield & Target Income ETF | 1.24% | 2.87% |
Correlation
The correlation between SMCC and HYTI is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 21, 2025 | 0.09 |
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Return for Risk
SMCC vs. HYTI — Risk / Return Rank
SMCC
HYTI
SMCC vs. HYTI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Leveraged Long + Income SMCI ETF (SMCC) and FT Vest High Yield & Target Income ETF (HYTI). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| SMCC | HYTI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.87 | 1.21 | -2.08 |
Drawdowns
SMCC vs. HYTI - Drawdown Comparison
The maximum SMCC drawdown since its inception was -75.87%, which is greater than HYTI's maximum drawdown of -4.47%. Use the drawdown chart below to compare losses from any high point for SMCC and HYTI.
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Drawdown Indicators
| SMCC | HYTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.87% | -4.47% | -71.40% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.38% | — |
Current DrawdownCurrent decline from peak | -72.90% | -0.65% | -72.25% |
Average DrawdownAverage peak-to-trough decline | -53.60% | -0.46% | -53.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.56% | — |
Volatility
SMCC vs. HYTI - Volatility Comparison
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Volatility by Period
| SMCC | HYTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.27% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.09% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 75.90% | 3.87% | +72.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.90% | 5.23% | +70.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.90% | 5.23% | +70.67% |
SMCC vs. HYTI - Expense Ratio Comparison
SMCC has a 1.51% expense ratio, which is higher than HYTI's 0.65% expense ratio.
Dividends
SMCC vs. HYTI - Dividend Comparison
SMCC's dividend yield for the trailing twelve months is around 83.22%, more than HYTI's 10.46% yield.
| Position | TTM | 2025 |
|---|---|---|
HYTI FT Vest High Yield & Target Income ETF | 10.46% | 8.10% |
SMCC Defiance Leveraged Long + Income SMCI ETF | 83.22% | 79.22% |
Frequently Asked Questions
SMCC and HYTI have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HYTI is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HYTI is cheaper with a 0.65% expense ratio, compared with 1.51% for SMCC.
SMCC has the higher dividend yield at 83.22%, compared with 10.46% for HYTI.
They also come from different issuers: Defiance and FT Vest. Their fees differ too: 1.51% for SMCC and 0.65% for HYTI.
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