SMCZ vs. ARTY
SMCZ (Defiance Daily Target 2X Short SMCI ETF) and ARTY (iShares Future AI & Tech ETF) are both exchange-traded funds - SMCZ is a Inverse Equities fund actively managed by Defiance, while ARTY is a Technology Equities fund tracking the Morningstar Global Artificial Intelligence Select Index (Net). SMCZ is actively managed, while ARTY is passively managed. Over the past year, SMCZ returned -62.54% vs 57.99% for ARTY. At a correlation of -0.71, they often move in opposite directions. SMCZ charges 1.29%/yr vs 0.47%/yr for ARTY.
Performance
SMCZ vs. ARTY - Performance Comparison
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Returns By Period
In the year-to-date period, SMCZ achieves a -79.42% return, which is significantly lower than ARTY's 37.17% return.
SMCZ
- 1D
- 15.76%
- 1M
- 9.56%
- 6M
- -78.30%
- YTD
- -79.42%
- 1Y
- -62.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ARTY
- 1D
- -3.96%
- 1M
- -12.00%
- 6M
- 29.64%
- YTD
- 37.17%
- 1Y
- 57.99%
- 3Y*
- 24.09%
- 5Y*
- 10.07%
- 10Y*
- —
SMCZ vs. ARTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMCZ Defiance Daily Target 2X Short SMCI ETF | -79.42% | -62.31% |
ARTY iShares Future AI & Tech ETF | 37.17% | 53.20% |
Correlation
The correlation between SMCZ and ARTY is -0.70, 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 | -0.70 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2025 | -0.71 |
The correlation between SMCZ and ARTY has been stable across timeframes, ranging from -0.71 to -0.70 - a consistent structural relationship.
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Return for Risk
SMCZ vs. ARTY — Risk / Return Rank
SMCZ
ARTY
SMCZ vs. ARTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short SMCI ETF (SMCZ) and iShares Future AI & Tech ETF (ARTY). 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.
| SMCZ | ARTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.27 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 3.10 | -3.78 |
| Martin ratioReturn relative to average drawdown | -1.35 | 9.06 | -10.41 |
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Drawdowns
SMCZ vs. ARTY - Drawdown Comparison
The maximum SMCZ drawdown since its inception was -97.40%, which is greater than ARTY's maximum drawdown of -54.50%. Use the drawdown chart below to compare losses from any high point for SMCZ and ARTY.
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Drawdown Indicators
| SMCZ | ARTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.40% | -54.50% | -42.90% |
Max Drawdown (1Y)Largest decline over 1 year | -91.49% | -18.81% | -72.68% |
Max Drawdown (3Y)Largest decline over 3 years | — | -32.44% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -50.53% | — |
Current DrawdownCurrent decline from peak | -93.98% | -18.16% | -75.82% |
Average DrawdownAverage peak-to-trough decline | -77.25% | -19.69% | -57.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.19% | 6.42% | +39.77% |
Volatility
SMCZ vs. ARTY - Volatility Comparison
Defiance Daily Target 2X Short SMCI ETF (SMCZ) has a higher volatility of 60.25% compared to iShares Future AI & Tech ETF (ARTY) at 13.31%. This indicates that SMCZ's price experiences larger fluctuations and is considered to be riskier than ARTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMCZ | ARTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 60.25% | 13.31% | +46.94% |
Volatility (6M)Calculated over the trailing 6-month period | 152.52% | 31.53% | +120.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 172.96% | 35.60% | +137.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 173.11% | 29.90% | +143.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 173.11% | 28.43% | +144.68% |
SMCZ vs. ARTY - Expense Ratio Comparison
SMCZ has a 1.29% expense ratio, which is higher than ARTY's 0.47% expense ratio.
Dividends
SMCZ vs. ARTY - Dividend Comparison
SMCZ's dividend yield for the trailing twelve months is around 9.87%, more than ARTY's 0.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ARTY iShares Future AI & Tech ETF | 0.07% | 0.00% | 0.50% | 0.88% | 0.75% | 2.41% | 0.53% | 0.69% | 0.34% |
SMCZ Defiance Daily Target 2X Short SMCI ETF | 9.87% | 2.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SMCZ and ARTY have a correlation of -0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMCZ has higher volatility (60.25%) compared to ARTY (13.31%). In terms of maximum drawdown, SMCZ dropped -97.40% vs ARTY's -54.50%.
On 1-year performance, ARTY leads with 57.99% vs -62.54% for SMCZ. On fees, ARTY is cheaper at 0.47% per year. On volatility, ARTY has been the lower-risk option at 13.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ARTY has performed better with a 57.99% return vs -62.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ARTY is cheaper with a 0.47% expense ratio, compared with 1.29% for SMCZ.
SMCZ has the higher dividend yield at 9.87%, compared with 0.07% for ARTY.
SMCZ is categorized as Inverse Equities, while ARTY is Technology Equities. They also come from different issuers: Defiance and iShares. Their fees differ too: 1.29% for SMCZ and 0.47% for ARTY.
ARTY currently has the higher Sharpe Ratio (1.64 vs -0.36), 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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