SMCX vs. HDV
SMCX (Defiance Daily Target 2X Long SMCI ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - SMCX is a Leveraged Equities fund actively managed by Defiance, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. SMCX is actively managed, while HDV is passively managed. Over the past year, SMCX returned -93.55% vs 25.24% for HDV. Their -0.04 correlation means they have often moved in opposite directions in the past. SMCX charges 1.29%/yr vs 0.08%/yr for HDV.
Performance
SMCX vs. HDV - Performance Comparison
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Returns By Period
In the year-to-date period, SMCX achieves a -66.27% return, which is significantly lower than HDV's 19.66% return.
SMCX
- 1D
- 1.72%
- 1M
- 0.79%
- 6M
- -65.61%
- YTD
- -66.27%
- 1Y
- -93.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -90.73%
HDV
- 1D
- -0.31%
- 1M
- 2.46%
- 6M
- 10.00%
- YTD
- 19.66%
- 1Y
- 25.24%
- 3Y*
- 15.80%
- 5Y*
- 12.13%
- 10Y*
- 9.57%
- ALL TIME*
- 10.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $168.30M | $156.51M | $108.57M | |
| $67.65M | $49.80M | $65.83M |
SMCX vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SMCX Defiance Daily Target 2X Long SMCI ETF | -66.27% | -69.78% | -90.42% |
HDV iShares Core High Dividend ETF | 19.66% | 11.90% | -1.15% |
Correlation
The correlation between SMCX and HDV is -0.12, 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. | -0.12 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2024 | -0.04 |
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Return for Risk
SMCX vs. HDV — Risk / Return Rank
SMCX
HDV
SMCX vs. HDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long SMCI ETF (SMCX) and iShares Core High Dividend ETF (HDV). 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.
| SMCX | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.87 | ||
| Sortino ratioReturn per unit of downside risk | -4.20 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.41 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 4.90 | -5.88 |
| Martin ratioReturn relative to average drawdown | -1.24 | 13.39 | -14.63 |
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Drawdowns
SMCX vs. HDV - Drawdown Comparison
The maximum SMCX drawdown since its inception was -99.28%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for SMCX and HDV.
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Drawdown Indicators
| SMCX | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.28% | -37.04% | -62.24% |
Max Drawdown (1Y)Largest decline over 1 year | -95.47% | -5.18% | -90.29% |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.49% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.04% | — |
Current DrawdownCurrent decline from peak | -99.02% | -1.72% | -97.30% |
Average DrawdownAverage peak-to-trough decline | -88.74% | -3.06% | -85.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 75.42% | 1.89% | +73.53% |
Volatility
SMCX vs. HDV - Volatility Comparison
Defiance Daily Target 2X Long SMCI ETF (SMCX) has a higher volatility of 54.15% compared to iShares Core High Dividend ETF (HDV) at 4.52%. This indicates that SMCX's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMCX | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 54.15% | 4.52% | +49.63% |
Volatility (6M)Calculated over the trailing 6-month period | 183.78% | 8.66% | +175.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 178.56% | 10.83% | +167.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 204.04% | 12.95% | +191.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 204.04% | 15.79% | +188.25% |
SMCX vs. HDV - Expense Ratio Comparison
SMCX has a 1.29% expense ratio, which is higher than HDV's 0.08% expense ratio.
Dividends
SMCX vs. HDV - Dividend Comparison
SMCX's dividend yield for the trailing twelve months is around 13.00%, more than HDV's 3.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 3.08% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
SMCX Defiance Daily Target 2X Long SMCI ETF | 13.00% | 4.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SMCX and HDV have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMCX has higher volatility (54.15%) compared to HDV (4.52%). In terms of maximum drawdown, SMCX dropped -99.28% vs HDV's -37.04%.
On 1-year performance, HDV leads with 25.24% vs -93.55% for SMCX. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 4.52%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HDV has performed better with a 25.24% return vs -93.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HDV is cheaper with a 0.08% expense ratio, compared with 1.29% for SMCX.
SMCX has the higher dividend yield at 13.00%, compared with 3.08% for HDV.
SMCX is categorized as Leveraged Equities, while HDV is Dividend. They also come from different issuers: Defiance and iShares. Their fees differ too: 1.29% for SMCX and 0.08% for HDV.
HDV currently has the higher Sharpe Ratio (2.34 vs -0.53), 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.
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