SMCZ vs. IRBO
SMCZ (Defiance Daily Target 2X Short SMCI ETF) and IRBO (iShares Future AI & Tech ETF) are both exchange-traded funds - SMCZ is a Inverse Equities fund actively managed by Defiance, while IRBO is a Artificial Intelligence fund tracking the Morningstar Global Artificial Intelligence Select Index. SMCZ is actively managed, while IRBO is passively managed. Over the past year, SMCZ returned -73.11% vs 63.16% for IRBO. Their -0.71 correlation means they have often moved in opposite directions in the past. SMCZ charges 1.29%/yr vs 0.47%/yr for IRBO.
Performance
SMCZ vs. IRBO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SMCZ achieves a -87.76% return, which is significantly lower than IRBO's 43.11% return.
SMCZ
- 1D
- -1.52%
- 1M
- -31.27%
- 6M
- -85.93%
- YTD
- -87.76%
- 1Y
- -73.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -89.95%
IRBO
- 1D
- 3.39%
- 1M
- -3.07%
- 6M
- 32.62%
- YTD
- 43.11%
- 1Y
- 63.16%
- 3Y*
- 28.37%
- 5Y*
- 10.52%
- 10Y*
- —
- ALL TIME*
- 15.10%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $35.64M | $36.90M | $59.33M | |
| $23.07M | $12.69M | $14.60M |
SMCZ vs. IRBO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMCZ Defiance Daily Target 2X Short SMCI ETF | -87.76% | -62.31% |
IRBO iShares Future AI & Tech ETF | 43.11% | 53.20% |
Correlation
The correlation between SMCZ and IRBO is -0.71, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.71 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2025 | -0.71 |
The correlation between SMCZ and IRBO has been stable across timeframes, ranging from -0.71 to -0.71 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SMCZ vs. IRBO — Risk / Return Rank
SMCZ
IRBO
SMCZ vs. IRBO - 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 (IRBO). 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 | IRBO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.11 | ||
| Sortino ratioReturn per unit of downside risk | -1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.28 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 2.64 | -3.45 |
| Martin ratioReturn relative to average drawdown | -1.47 | 8.49 | -9.97 |
Loading charts...
Drawdowns
SMCZ vs. IRBO - Drawdown Comparison
The maximum SMCZ drawdown since its inception was -97.40%, which is greater than IRBO's maximum drawdown of -54.50%. Use the drawdown chart below to compare losses from any high point for SMCZ and IRBO.
Loading charts...
Drawdown Indicators
| SMCZ | IRBO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.40% | -54.50% | -42.90% |
Max Drawdown (1Y)Largest decline over 1 year | -91.49% | -24.00% | -67.49% |
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 | -96.42% | -14.61% | -81.81% |
Average DrawdownAverage peak-to-trough decline | -77.91% | -19.68% | -58.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.58% | 7.46% | +42.12% |
Volatility
SMCZ vs. IRBO - Volatility Comparison
Defiance Daily Target 2X Short SMCI ETF (SMCZ) has a higher volatility of 65.84% compared to iShares Future AI & Tech ETF (IRBO) at 14.41%. This indicates that SMCZ's price experiences larger fluctuations and is considered to be riskier than IRBO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SMCZ | IRBO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 65.84% | 14.41% | +51.43% |
Volatility (6M)Calculated over the trailing 6-month period | 160.74% | 33.09% | +127.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 178.69% | 37.42% | +141.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 175.68% | 30.34% | +145.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 175.68% | 28.65% | +147.03% |
SMCZ vs. IRBO - Expense Ratio Comparison
SMCZ has a 1.29% expense ratio, which is higher than IRBO's 0.47% expense ratio.
Dividends
SMCZ vs. IRBO - Dividend Comparison
SMCZ's dividend yield for the trailing twelve months is around 16.59%, more than IRBO's 0.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IRBO iShares Future AI & Tech ETF | 0.06% | 0.00% | 0.50% | 0.88% | 0.75% | 2.41% | 0.53% | 0.69% | 0.34% |
SMCZ Defiance Daily Target 2X Short SMCI ETF | 16.59% | 2.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SMCZ and IRBO have a correlation of -0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMCZ has higher volatility (65.84%) compared to IRBO (14.41%). In terms of maximum drawdown, SMCZ dropped -97.40% vs IRBO's -54.50%.
On 1-year performance, IRBO leads with 63.16% vs -73.11% for SMCZ. On fees, IRBO is cheaper at 0.47% per year. On volatility, IRBO has been the lower-risk option at 14.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IRBO has performed better with a 63.16% return vs -73.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IRBO is cheaper with a 0.47% expense ratio, compared with 1.29% for SMCZ.
SMCZ has the higher dividend yield at 16.59%, compared with 0.06% for IRBO.
SMCZ is categorized as Inverse Equities, while IRBO is Artificial Intelligence. They also come from different issuers: Defiance and iShares. Their fees differ too: 1.29% for SMCZ and 0.47% for IRBO.
IRBO currently has the higher Sharpe Ratio (1.70 vs -0.41), 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.
Find the right allocation for SMCZ and IRBO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer