SMCX vs. TSYX
SMCX (Defiance Daily Target 2X Long SMCI ETF) and TSYX (TSPY Lift ETF) are both Leveraged Equities funds. Both are actively managed. A 0.57 correlation means they provide meaningful diversification when combined. SMCX charges 1.29%/yr vs 0.98%/yr for TSYX.
Performance
SMCX vs. TSYX - Performance Comparison
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Returns By Period
SMCX
- 1D
- -10.89%
- 1M
- 157.98%
- YTD
- 34.65%
- 6M
- -1.99%
- 1Y
- -60.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSYX
- 1D
- -0.16%
- 1M
- 6.87%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMCX vs. TSYX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
SMCX Defiance Daily Target 2X Long SMCI ETF | 29.10% |
TSYX TSPY Lift ETF | 8.70% |
Correlation
The correlation between SMCX and TSYX is 0.57, 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 Jan 8, 2026 | 0.57 |
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Return for Risk
SMCX vs. TSYX — Risk / Return Rank
SMCX
TSYX
SMCX vs. TSYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long SMCI ETF (SMCX) and TSPY Lift ETF (TSYX). 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.
| SMCX | TSYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.06 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.64 | — | — |
| Martin ratioReturn relative to average drawdown | -0.90 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SMCX | TSYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.42 | 1.28 | -1.69 |
Drawdowns
SMCX vs. TSYX - Drawdown Comparison
The maximum SMCX drawdown since its inception was -99.02%, which is greater than TSYX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for SMCX and TSYX.
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Drawdown Indicators
| SMCX | TSYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.02% | -13.39% | -85.63% |
Max Drawdown (1Y)Largest decline over 1 year | -94.75% | — | — |
Current DrawdownCurrent decline from peak | -95.87% | -0.16% | -95.71% |
Average DrawdownAverage peak-to-trough decline | -87.27% | -2.97% | -84.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 67.77% | — | — |
Volatility
SMCX vs. TSYX - Volatility Comparison
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Volatility by Period
| SMCX | TSYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 57.58% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 149.68% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 157.25% | 18.21% | +139.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 199.87% | 18.21% | +181.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 199.87% | 18.21% | +181.66% |
SMCX vs. TSYX - Expense Ratio Comparison
SMCX has a 1.29% expense ratio, which is higher than TSYX's 0.98% expense ratio.
Dividends
SMCX vs. TSYX - Dividend Comparison
SMCX's dividend yield for the trailing twelve months is around 3.26%, less than TSYX's 6.17% yield.
| Position | TTM | 2025 |
|---|---|---|
SMCX Defiance Daily Target 2X Long SMCI ETF | 3.26% | 4.39% |
TSYX TSPY Lift ETF | 6.17% | 0.00% |
Frequently Asked Questions
SMCX and TSYX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSYX is cheaper at 0.98% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSYX is cheaper with a 0.98% expense ratio, compared with 1.29% for SMCX.
TSYX has the higher dividend yield at 6.17%, compared with 3.26% for SMCX.
They also come from different issuers: Defiance and TappAlpha. Their fees differ too: 1.29% for SMCX and 0.98% for TSYX.
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