SMCX vs. JEDI
SMCX (Defiance Daily Target 2X Long SMCI ETF) and JEDI (Defiance Drone and Modern Warfare ETF) are both exchange-traded funds - SMCX is a Leveraged Equities fund actively managed by Defiance, while JEDI is a Aerospace & Defense fund tracking the BITA Drone & Modern Warfare Select Index. SMCX is actively managed, while JEDI is passively managed. Their 0.48 correlation means their historical movements had little consistent relationship. SMCX charges 1.29%/yr vs 0.69%/yr for JEDI.
Performance
SMCX vs. JEDI - 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 JEDI's 4.94% return.
SMCX
- 1D
- 1.72%
- 1M
- 0.79%
- 6M
- -65.61%
- YTD
- -66.27%
- 1Y
- -93.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -90.73%
JEDI
- 1D
- 6.52%
- 1M
- -11.38%
- 6M
- -5.91%
- YTD
- 4.94%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.72M | $3.86M | $7.29M | |
| $67.65M | $49.80M | $65.83M |
SMCX vs. JEDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMCX Defiance Daily Target 2X Long SMCI ETF | -66.27% | -67.26% |
JEDI Defiance Drone and Modern Warfare ETF | 4.94% | -3.42% |
Correlation
The correlation between SMCX and JEDI is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 26, 2025 | 0.48 |
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Return for Risk
SMCX vs. JEDI — Risk / Return Rank
SMCX
JEDI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SMCX vs. JEDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long SMCI ETF (SMCX) and Defiance Drone and Modern Warfare ETF (JEDI). 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 | JEDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.91 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | — | — |
| Martin ratioReturn relative to average drawdown | -1.24 | — | — |
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Drawdowns
SMCX vs. JEDI - Drawdown Comparison
The maximum SMCX drawdown since its inception was -99.28%, which is greater than JEDI's maximum drawdown of -48.21%. Use the drawdown chart below to compare losses from any high point for SMCX and JEDI.
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Drawdown Indicators
| SMCX | JEDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.28% | -48.21% | -51.07% |
Max Drawdown (1Y)Largest decline over 1 year | -95.47% | — | — |
Current DrawdownCurrent decline from peak | -99.02% | -39.96% | -59.06% |
Average DrawdownAverage peak-to-trough decline | -88.74% | -14.06% | -74.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 75.42% | — | — |
Volatility
SMCX vs. JEDI - Volatility Comparison
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Volatility by Period
| SMCX | JEDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 54.15% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 183.78% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 178.56% | 53.81% | +124.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 204.04% | 53.81% | +150.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 204.04% | 53.81% | +150.23% |
SMCX vs. JEDI - Expense Ratio Comparison
SMCX has a 1.29% expense ratio, which is higher than JEDI's 0.69% expense ratio.
Dividends
SMCX vs. JEDI - Dividend Comparison
SMCX's dividend yield for the trailing twelve months is around 13.00%, while JEDI has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
JEDI Defiance Drone and Modern Warfare ETF | 0.00% | 0.00% |
SMCX Defiance Daily Target 2X Long SMCI ETF | 13.00% | 4.39% |
Frequently Asked Questions
SMCX and JEDI have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JEDI is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JEDI is cheaper with a 0.69% expense ratio, compared with 1.29% for SMCX.
SMCX has the higher dividend yield at 13.00%, compared with 0.00% for JEDI.
SMCX is categorized as Leveraged Equities, while JEDI is Aerospace & Defense. Their fees differ too: 1.29% for SMCX and 0.69% for JEDI.
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