SMCX vs. VGT
SMCX (Defiance Daily Target 2X Long SMCI ETF) and VGT (Vanguard Information Technology ETF) are both exchange-traded funds - SMCX is a Leveraged Equities fund actively managed by Defiance, while VGT is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. SMCX is actively managed, while VGT is passively managed. Over the past year, SMCX returned -60.96% vs 60.15% for VGT. A 0.55 correlation means they provide meaningful diversification when combined. SMCX charges 1.29%/yr vs 0.09%/yr for VGT.
Performance
SMCX vs. VGT - Performance Comparison
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Returns By Period
In the year-to-date period, SMCX achieves a 34.65% return, which is significantly higher than VGT's 31.64% return.
SMCX
- 1D
- -10.89%
- 1M
- 157.98%
- YTD
- 34.65%
- 6M
- -1.99%
- 1Y
- -60.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VGT
- 1D
- -1.48%
- 1M
- 18.07%
- YTD
- 31.64%
- 6M
- 30.51%
- 1Y
- 60.15%
- 3Y*
- 33.48%
- 5Y*
- 22.23%
- 10Y*
- 25.78%
SMCX vs. VGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SMCX Defiance Daily Target 2X Long SMCI ETF | 34.65% | -69.78% | -89.57% |
VGT Vanguard Information Technology ETF | 31.64% | 21.77% | 9.42% |
Correlation
The correlation between SMCX and VGT is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2024 | 0.55 |
The correlation between SMCX and VGT has been stable across timeframes, ranging from 0.55 to 0.60 - a consistent structural relationship.
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Return for Risk
SMCX vs. VGT — Risk / Return Rank
SMCX
VGT
SMCX vs. VGT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long SMCI ETF (SMCX) and Vanguard Information Technology ETF (VGT). 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 | VGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.33 | ||
| Sortino ratioReturn per unit of downside risk | -3.20 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.47 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.64 | 3.69 | -4.33 |
| Martin ratioReturn relative to average drawdown | -0.90 | 11.77 | -12.67 |
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 | VGT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.39 | 2.95 | -3.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.89 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.42 | 0.68 | -1.10 |
Drawdowns
SMCX vs. VGT - Drawdown Comparison
The maximum SMCX drawdown since its inception was -99.02%, which is greater than VGT's maximum drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for SMCX and VGT.
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Drawdown Indicators
| SMCX | VGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.02% | -54.63% | -44.39% |
Max Drawdown (1Y)Largest decline over 1 year | -94.75% | -16.40% | -78.35% |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.23% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.07% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.07% | — |
Current DrawdownCurrent decline from peak | -95.87% | -1.48% | -94.39% |
Average DrawdownAverage peak-to-trough decline | -87.27% | -7.95% | -79.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 67.77% | 5.13% | +62.64% |
Volatility
SMCX vs. VGT - Volatility Comparison
Defiance Daily Target 2X Long SMCI ETF (SMCX) has a higher volatility of 57.58% compared to Vanguard Information Technology ETF (VGT) at 6.39%. This indicates that SMCX's price experiences larger fluctuations and is considered to be riskier than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMCX | VGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 57.58% | 6.39% | +51.19% |
Volatility (6M)Calculated over the trailing 6-month period | 149.68% | 16.07% | +133.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 157.25% | 20.57% | +136.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 199.87% | 25.18% | +174.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 199.87% | 24.60% | +175.27% |
SMCX vs. VGT - Expense Ratio Comparison
SMCX has a 1.29% expense ratio, which is higher than VGT's 0.09% expense ratio.
Dividends
SMCX vs. VGT - Dividend Comparison
SMCX's dividend yield for the trailing twelve months is around 3.26%, more than VGT's 0.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMCX Defiance Daily Target 2X Long SMCI ETF | 3.26% | 4.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGT Vanguard Information Technology ETF | 0.31% | 0.40% | 0.60% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% |
Frequently Asked Questions
SMCX and VGT have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMCX has higher volatility (57.58%) compared to VGT (6.39%). In terms of maximum drawdown, SMCX dropped -99.02% vs VGT's -54.63%.
On 1-year performance, VGT leads with 60.15% vs -60.96% for SMCX. On fees, VGT is cheaper at 0.09% per year. On volatility, VGT has been the lower-risk option at 6.39%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, VGT has performed better with a 60.15% return vs -60.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGT is cheaper with a 0.09% expense ratio, compared with 1.29% for SMCX.
SMCX has the higher dividend yield at 3.26%, compared with 0.31% for VGT.
SMCX is categorized as Leveraged Equities, while VGT is Technology Equities. They also come from different issuers: Defiance and Vanguard. Their fees differ too: 1.29% for SMCX and 0.09% for VGT.
VGT currently has the higher Sharpe Ratio (2.95 vs -0.39), 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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