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. At a correlation of -0.77, they often move in opposite directions. SMDD charges 0.95%/yr vs 0.98%/yr for TSYX.
Performance
SMDD vs. TSYX - Performance Comparison
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Returns By Period
SMDD
- 1D
- -3.77%
- 1M
- -12.99%
- YTD
- -36.27%
- 6M
- -33.69%
- 1Y
- -51.52%
- 3Y*
- -37.20%
- 5Y*
- -31.93%
- 10Y*
- -40.48%
TSYX
- 1D
- 1.44%
- 1M
- 1.04%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMDD vs. TSYX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
SMDD ProShares UltraPro Short MidCap400 | -27.92% |
TSYX TSPY Lift ETF | 5.80% |
Correlation
The correlation between SMDD and TSYX is -0.77, 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 (All Time) Calculated using the full available price history since Jan 7, 2026 | -0.77 |
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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 | 0.81 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | — | — |
| Martin ratioReturn relative to average drawdown | -1.69 | — | — |
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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.
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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 | -52.00% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -81.99% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -87.81% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.52% | — | — |
Current DrawdownCurrent decline from peak | -99.99% | -2.08% | -97.91% |
Average DrawdownAverage peak-to-trough decline | -92.96% | -2.97% | -89.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.51% | — | — |
Volatility
SMDD vs. TSYX - Volatility Comparison
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Volatility by Period
| SMDD | TSYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.35% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 35.45% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 47.55% | 19.15% | +28.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.92% | 19.15% | +39.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.41% | 19.15% | +44.26% |
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 7.32%, more than TSYX's 7.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SMDD ProShares UltraPro Short MidCap400 | 7.32% | 4.96% | 4.09% | 3.86% | 0.14% | 0.00% | 0.13% | 1.51% | 0.09% |
TSYX TSPY Lift ETF | 7.10% | 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 -0.77, 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.
SMDD has the higher dividend yield at 7.32%, compared with 7.10% for TSYX.
They also come from different issuers: ProShares and TappAlpha. Their fees differ too: 0.95% for SMDD and 0.98% for TSYX.
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