SMQ vs. BRKD
SMQ (Tradr 1X Short Innovation 100 Monthly ETF) and BRKD (Direxion Daily BRKB Bear 1X Shares) are both Inverse Equities funds. SMQ is actively managed, while BRKD is passively managed. At a 0.01 correlation, their price movements are largely independent. SMQ charges 1.50%/yr vs 1.00%/yr for BRKD.
Performance
SMQ vs. BRKD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SMQ achieves a -15.77% return, which is significantly lower than BRKD's 5.90% return.
SMQ
- 1D
- 4.62%
- 1M
- -3.50%
- YTD
- -15.77%
- 6M
- -14.26%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BRKD
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 5.90%
- 6M
- 6.41%
- 1Y
- 5.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMQ vs. BRKD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMQ Tradr 1X Short Innovation 100 Monthly ETF | -15.77% | 0.39% |
BRKD Direxion Daily BRKB Bear 1X Shares | 5.90% | 1.53% |
Correlation
The correlation between SMQ and BRKD is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 2, 2025 | 0.01 |
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
SMQ vs. BRKD — Risk / Return Rank
SMQ
BRKD
SMQ vs. BRKD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 1X Short Innovation 100 Monthly ETF (SMQ) and Direxion Daily BRKB Bear 1X Shares (BRKD). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
Loading charts...
Sharpe Ratios by Period
| SMQ | BRKD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.44 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.47 | 0.04 | -1.51 |
Drawdowns
SMQ vs. BRKD - Drawdown Comparison
The maximum SMQ drawdown since its inception was -27.62%, which is greater than BRKD's maximum drawdown of -17.92%. Use the drawdown chart below to compare losses from any high point for SMQ and BRKD.
Loading charts...
Drawdown Indicators
| SMQ | BRKD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.62% | -17.92% | -9.70% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.34% | — |
Current DrawdownCurrent decline from peak | -23.66% | -3.69% | -19.97% |
Average DrawdownAverage peak-to-trough decline | -7.66% | -7.72% | +0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.79% | — |
Volatility
SMQ vs. BRKD - Volatility Comparison
Loading charts...
Volatility by Period
| SMQ | BRKD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.00% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.19% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.18% | 13.22% | +5.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.18% | 17.21% | +1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.18% | 17.21% | +1.97% |
SMQ vs. BRKD - Expense Ratio Comparison
SMQ has a 1.50% expense ratio, which is higher than BRKD's 1.00% expense ratio.
Dividends
SMQ vs. BRKD - Dividend Comparison
SMQ's dividend yield for the trailing twelve months is around 0.29%, less than BRKD's 2.82% yield.
| Position | TTM | 2025 |
|---|---|---|
BRKD Direxion Daily BRKB Bear 1X Shares | 2.82% | 3.50% |
SMQ Tradr 1X Short Innovation 100 Monthly ETF | 0.29% | 0.25% |
Frequently Asked Questions
SMQ and BRKD have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BRKD is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BRKD is cheaper with a 1.00% expense ratio, compared with 1.50% for SMQ.
BRKD has the higher dividend yield at 2.82%, compared with 0.29% for SMQ.
They also come from different issuers: Tradr and Direxion. Their fees differ too: 1.50% for SMQ and 1.00% for BRKD.
Find the right allocation for SMQ and BRKD
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