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 -93.66% vs 37.19% for VGT. Their 0.57 correlation means they have sometimes moved together and sometimes differently. 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 -66.84% return, which is significantly lower than VGT's 22.47% return.
SMCX
- 1D
- 4.85%
- 1M
- -0.92%
- 6M
- -64.97%
- YTD
- -66.84%
- 1Y
- -93.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -90.90%
VGT
- 1D
- 1.76%
- 1M
- 0.44%
- 6M
- 22.59%
- YTD
- 22.47%
- 1Y
- 37.19%
- 3Y*
- 29.10%
- 5Y*
- 18.09%
- 10Y*
- 24.01%
- ALL TIME*
- 14.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $66.75M | $51.09M | $65.72M | |
| $454.00M | $507.98M | $575.23M |
SMCX vs. VGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SMCX Defiance Daily Target 2X Long SMCI ETF | -66.84% | -69.78% | -90.42% |
VGT Vanguard Information Technology ETF | 22.47% | 21.77% | 7.13% |
Correlation
The correlation between SMCX and VGT is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2024 | 0.57 |
The correlation between SMCX and VGT has been stable across timeframes, ranging from 0.57 to 0.63 - 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.
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 | VGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.07 | ||
| Sortino ratioReturn per unit of downside risk | -2.84 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.26 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | 2.28 | -3.27 |
| Martin ratioReturn relative to average drawdown | -1.25 | 6.12 | -7.37 |
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Drawdowns
SMCX vs. VGT - Drawdown Comparison
The maximum SMCX drawdown since its inception was -99.28%, 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 | -99.28% | -54.63% | -44.65% |
Max Drawdown (1Y)Largest decline over 1 year | -95.47% | -16.40% | -79.07% |
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 | -99.04% | -8.34% | -90.70% |
Average DrawdownAverage peak-to-trough decline | -88.72% | -7.95% | -80.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 75.95% | 6.09% | +69.86% |
Volatility
SMCX vs. VGT - Volatility Comparison
Defiance Daily Target 2X Long SMCI ETF (SMCX) has a higher volatility of 54.24% compared to Vanguard Information Technology ETF (VGT) at 8.34%. 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 | 54.24% | 8.34% | +45.90% |
Volatility (6M)Calculated over the trailing 6-month period | 183.86% | 20.11% | +163.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 178.45% | 24.25% | +154.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 204.25% | 25.85% | +178.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 204.25% | 24.90% | +179.35% |
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 13.23%, more than VGT's 0.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMCX Defiance Daily Target 2X Long SMCI ETF | 13.23% | 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 | 0.38% | 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 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMCX has higher volatility (54.24%) compared to VGT (8.34%). In terms of maximum drawdown, SMCX dropped -99.28% vs VGT's -54.63%.
On 1-year performance, VGT leads with 37.19% vs -93.66% for SMCX. On fees, VGT is cheaper at 0.09% per year. On volatility, VGT has been the lower-risk option at 8.34%. 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 37.19% return vs -93.66%. 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 13.23%, compared with 0.38% 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 (1.54 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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