SMDD vs. TSYX
SMDD (ProShares UltraPro Short MidCap400) and TSYX (TSPY Lift ETF) are both Leveraged Equities funds. SMDD is passively managed, while TSYX is actively managed. Their -0.75 correlation means they have often moved in opposite directions in the past. SMDD charges 0.95%/yr vs 0.98%/yr for TSYX.
Performance
SMDD vs. TSYX - Performance Comparison
Loading charts...
Returns By Period
SMDD
- 1D
- 0.12%
- 1M
- 5.35%
- 6M
- -26.03%
- YTD
- -34.07%
- 1Y
- -43.59%
- 3Y*
- -33.04%
- 5Y*
- -29.66%
- 10Y*
- -39.58%
- ALL TIME*
- -42.41%
TSYX
- 1D
- 0.83%
- 1M
- -0.26%
- 6M
- 5.30%
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $53.27K | $77.83K | $71.85K | |
TSYX TSPY Lift ETF | $219.78K | $409.01K | $452.43K |
SMDD vs. TSYX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
SMDD ProShares UltraPro Short MidCap400 | -25.43% |
TSYX TSPY Lift ETF | 5.31% |
Correlation
The correlation between SMDD and TSYX is -0.75, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 7, 2026 | -0.75 |
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
SMDD vs. TSYX — Risk / Return Rank
SMDD
TSYX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SMDD vs. TSYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short MidCap400 (SMDD) and TSPY Lift ETF (TSYX). 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.
| SMDD | TSYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.85 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | — | — |
| Martin ratioReturn relative to average drawdown | -1.44 | — | — |
Loading charts...
Drawdowns
SMDD vs. TSYX - Drawdown Comparison
The maximum SMDD drawdown since its inception was -99.99%, which is greater than TSYX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for SMDD and TSYX.
Loading charts...
Drawdown Indicators
| SMDD | TSYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -13.39% | -86.60% |
Max Drawdown (1Y)Largest decline over 1 year | -50.01% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -82.62% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -88.24% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.45% | — | — |
Current DrawdownCurrent decline from peak | -99.99% | -2.52% | -97.47% |
Average DrawdownAverage peak-to-trough decline | -93.01% | -2.93% | -90.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.36% | — | — |
Volatility
SMDD vs. TSYX - Volatility Comparison
Loading charts...
Volatility by Period
| SMDD | TSYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.96% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 35.01% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 47.21% | 18.33% | +28.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.59% | 18.33% | +40.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.23% | 18.33% | +44.90% |
SMDD vs. TSYX - Expense Ratio Comparison
SMDD has a 0.95% expense ratio, which is lower than TSYX's 0.98% expense ratio.
Dividends
SMDD vs. TSYX - Dividend Comparison
SMDD's dividend yield for the trailing twelve months is around 5.67%, less than TSYX's 9.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SMDD ProShares UltraPro Short MidCap400 | 5.67% | 4.96% | 4.09% | 3.86% | 0.14% | 0.00% | 0.13% | 1.51% | 0.09% |
TSYX TSPY Lift ETF | 9.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SMDD and TSYX have a correlation of -0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SMDD is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMDD is cheaper with a 0.95% expense ratio, compared with 0.98% for TSYX.
TSYX has the higher dividend yield at 9.19%, compared with 5.67% for SMDD.
They also come from different issuers: ProShares and TappAlpha. Their fees differ too: 0.95% for SMDD and 0.98% for TSYX.
Find the right allocation for SMDD and TSYX
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