SMCX vs. TSYX

Last updated Aug 4, 2026

SMCX (Defiance Daily Target 2X Long SMCI ETF) and TSYX (TSPY Lift ETF) are both Leveraged Equities funds. Both are actively managed. Their 0.55 correlation means they have sometimes moved together and sometimes differently. SMCX charges 1.29%/yr vs 0.98%/yr for TSYX.

Performance

SMCX vs. TSYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long SMCI ETF (SMCX) and TSPY Lift ETF (TSYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SMCX

• 1D: 1.72%
• 1M: 0.79%
• 6M: -65.61%
• YTD: -66.27%
• 1Y: -93.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -90.73%

TSYX

• 1D: 1.73%
• 1M: 1.81%
• 6M: 6.29%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SMCX Defiance Daily Target 2X Long SMCI ETF	$67.65M	$49.80M	$65.83M
TSYX TSPY Lift ETF	$230.32K	$415.33K	$454.07K

SMCX vs. TSYX - Yearly Performance Comparison

	2026 (YTD)
SMCX Defiance Daily Target 2X Long SMCI ETF	-68.79%
TSYX TSPY Lift ETF	7.14%

Correlation

The correlation between SMCX and TSYX is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 7, 2026	0.55

Return for Risk

SMCX vs. TSYX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SMCX

SMCX Risk / Return Rank: 3
SMCX Sharpe Ratio Rank: 5
SMCX Sortino Ratio Rank: 4
SMCX Omega Ratio Rank: 4
SMCX Calmar Ratio Rank: 0
SMCX Martin Ratio Rank: 3

TSYX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

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	TSYX	Difference
Sharpe ratio: Return per unit of total volatility	-0.53	—	—
Sortino ratio: Return per unit of downside risk	-0.67	—	—
Omega ratio: Gain probability vs. loss probability	0.91	—	—
Calmar ratio: Return relative to maximum drawdown	-0.98	—	—
Martin ratio: Return relative to average drawdown	-1.24	—	—

Drawdowns

SMCX vs. TSYX - Drawdown Comparison

The maximum SMCX drawdown since its inception was -99.28%, 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.

Drawdown Indicators

	SMCX	TSYX	Difference
Max Drawdown Largest peak-to-trough decline	-99.28%	-13.39%	-85.89%
Max Drawdown (1Y) Largest decline over 1 year	-95.47%	—	—
Current Drawdown Current decline from peak	-99.02%	-0.83%	-98.19%
Average Drawdown Average peak-to-trough decline	-88.74%	-2.92%	-85.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	75.42%	—	—

Volatility

Volatility by Period

	SMCX	TSYX	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%	18.40%	+160.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	204.04%	18.40%	+185.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	204.04%	18.40%	+185.64%

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 13.00%, more than TSYX's 9.03% yield.

Position	TTM	2025
SMCX Defiance Daily Target 2X Long SMCI ETF	13.00%	4.39%
TSYX TSPY Lift ETF	9.03%	0.00%

Frequently Asked Questions

Can I hold both SMCX and TSYX in my portfolio?

SMCX and TSYX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SMCX or TSYX?

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.

Which ETF is cheaper, SMCX or TSYX?

TSYX is cheaper with a 0.98% expense ratio, compared with 1.29% for SMCX.

Which ETF pays a higher dividend yield, SMCX or TSYX?

SMCX has the higher dividend yield at 13.00%, compared with 9.03% for TSYX.

What is the main difference between SMCX and TSYX?

They also come from different issuers: Defiance and TappAlpha. Their fees differ too: 1.29% for SMCX and 0.98% for TSYX.