SMCZ vs. AIQ
SMCZ (Defiance Daily Target 2X Short SMCI ETF) and AIQ (Global X Artificial Intelligence & Technology ETF) are both exchange-traded funds - SMCZ is a Inverse Equities fund actively managed by Defiance, while AIQ is a Technology Equities fund tracking the Indxx Artificial Intelligence & Big Data Index. SMCZ is actively managed, while AIQ is passively managed. Over the past year, SMCZ returned -89.94% vs 69.19% for AIQ. At a correlation of -0.61, they often move in opposite directions. SMCZ charges 1.29%/yr vs 0.68%/yr for AIQ.
Performance
SMCZ vs. AIQ - Performance Comparison
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Returns By Period
In the year-to-date period, SMCZ achieves a -90.14% return, which is significantly lower than AIQ's 35.98% return.
SMCZ
- 1D
- 10.93%
- 1M
- -77.87%
- YTD
- -90.14%
- 6M
- -87.78%
- 1Y
- -89.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AIQ
- 1D
- -1.40%
- 1M
- 21.10%
- YTD
- 35.98%
- 6M
- 36.15%
- 1Y
- 69.19%
- 3Y*
- 37.50%
- 5Y*
- 19.07%
- 10Y*
- —
SMCZ vs. AIQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMCZ Defiance Daily Target 2X Short SMCI ETF | -90.14% | -61.04% |
AIQ Global X Artificial Intelligence & Technology ETF | 35.98% | 38.78% |
Correlation
The correlation between SMCZ and AIQ is -0.58, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.58 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2025 | -0.61 |
The correlation between SMCZ and AIQ has been stable across timeframes, ranging from -0.61 to -0.58 - a consistent structural relationship.
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Return for Risk
SMCZ vs. AIQ — Risk / Return Rank
SMCZ
AIQ
SMCZ vs. AIQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short SMCI ETF (SMCZ) and Global X Artificial Intelligence & Technology ETF (AIQ). 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.
| SMCZ | AIQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.59 | ||
| Sortino ratioReturn per unit of downside risk | -4.65 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.49 | -0.60 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 4.22 | -5.20 |
| Martin ratioReturn relative to average drawdown | -2.00 | 14.59 | -16.59 |
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
| SMCZ | AIQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.57 | 3.02 | -3.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.58 | 0.84 | -1.41 |
Drawdowns
SMCZ vs. AIQ - Drawdown Comparison
The maximum SMCZ drawdown since its inception was -97.40%, which is greater than AIQ's maximum drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for SMCZ and AIQ.
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Drawdown Indicators
| SMCZ | AIQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.40% | -44.66% | -52.74% |
Max Drawdown (1Y)Largest decline over 1 year | -91.74% | -16.47% | -75.27% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.35% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -44.66% | — |
Current DrawdownCurrent decline from peak | -97.12% | -1.40% | -95.72% |
Average DrawdownAverage peak-to-trough decline | -75.71% | -9.80% | -65.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.99% | 4.76% | +40.23% |
Volatility
SMCZ vs. AIQ - Volatility Comparison
Defiance Daily Target 2X Short SMCI ETF (SMCZ) has a higher volatility of 80.07% compared to Global X Artificial Intelligence & Technology ETF (AIQ) at 8.60%. This indicates that SMCZ's price experiences larger fluctuations and is considered to be riskier than AIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMCZ | AIQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 80.07% | 8.60% | +71.47% |
Volatility (6M)Calculated over the trailing 6-month period | 131.65% | 18.46% | +113.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 156.87% | 23.04% | +133.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 163.39% | 25.33% | +138.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 163.39% | 25.50% | +137.89% |
SMCZ vs. AIQ - Expense Ratio Comparison
SMCZ has a 1.29% expense ratio, which is higher than AIQ's 0.68% expense ratio.
Dividends
SMCZ vs. AIQ - Dividend Comparison
SMCZ's dividend yield for the trailing twelve months is around 20.59%, more than AIQ's 0.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AIQ Global X Artificial Intelligence & Technology ETF | 0.14% | 0.18% | 0.14% | 0.16% | 0.56% | 0.15% | 0.50% | 0.51% | 0.51% |
SMCZ Defiance Daily Target 2X Short SMCI ETF | 20.59% | 2.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SMCZ and AIQ have a correlation of -0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMCZ has higher volatility (80.07%) compared to AIQ (8.60%). In terms of maximum drawdown, SMCZ dropped -97.40% vs AIQ's -44.66%.
On 1-year performance, AIQ leads with 69.19% vs -89.94% for SMCZ. On fees, AIQ is cheaper at 0.68% per year. On volatility, AIQ has been the lower-risk option at 8.60%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AIQ has performed better with a 69.19% return vs -89.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AIQ is cheaper with a 0.68% expense ratio, compared with 1.29% for SMCZ.
SMCZ has the higher dividend yield at 20.59%, compared with 0.14% for AIQ.
SMCZ is categorized as Inverse Equities, while AIQ is Technology Equities. They also come from different issuers: Defiance and Global X. Their fees differ too: 1.29% for SMCZ and 0.68% for AIQ.
AIQ currently has the higher Sharpe Ratio (3.02 vs -0.57), 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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