SMU vs. ASTX

Last updated Aug 1, 2026

SMU (Tradr 2X Long SMR Daily ETF) and ASTX (Tradr 2X Long ASTS Daily ETF) are both Leveraged Equities funds from Tradr. Both are actively managed. Over the past year, SMU returned -98.97% vs -68.42% for ASTX. Their 0.57 correlation means they have sometimes moved together and sometimes differently. Both charge a 1.30% expense ratio.

Performance

SMU vs. ASTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long SMR Daily ETF (SMU) and Tradr 2X Long ASTS Daily ETF (ASTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMU achieves a -82.38% return, which is significantly lower than ASTX's -73.48% return.

SMU

• 1D: -4.21%
• 1M: -31.75%
• 6M: -87.18%
• YTD: -82.38%
• 1Y: -98.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -98.16%

ASTX

• 1D: 1.69%
• 1M: -57.22%
• 6M: -87.02%
• YTD: -73.48%
• 1Y: -68.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -54.70%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ASTX Tradr 2X Long ASTS Daily ETF	$48.95M	$70.14M	$195.58M
SMU Tradr 2X Long SMR Daily ETF	$8.65M	$9.72M	$17.75M

SMU vs. ASTX - Yearly Performance Comparison

	2026 (YTD)	2025
SMU Tradr 2X Long SMR Daily ETF	-82.38%	-91.57%
ASTX Tradr 2X Long ASTS Daily ETF	-73.48%	63.68%

Correlation

The correlation between SMU and ASTX is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.57
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	0.57

The correlation between SMU and ASTX has been stable across timeframes, ranging from 0.57 to 0.57 - a consistent structural relationship.

Return for Risk

SMU vs. ASTX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SMU

SMU Risk / Return Rank: 2
SMU Sharpe Ratio Rank: 5
SMU Sortino Ratio Rank: 1
SMU Omega Ratio Rank: 1
SMU Calmar Ratio Rank: 0
SMU Martin Ratio Rank: 3

ASTX

ASTX Risk / Return Rank: 11
ASTX Sharpe Ratio Rank: 7
ASTX Sortino Ratio Rank: 23
ASTX Omega Ratio Rank: 21
ASTX Calmar Ratio Rank: 3
ASTX Martin Ratio Rank: 2

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SMU vs. ASTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long SMR Daily ETF (SMU) and Tradr 2X Long ASTS Daily ETF (ASTX). 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.

	SMU	ASTX	Difference
Sharpe ratio: Return per unit of total volatility	-0.49	-0.32	-0.18
Sortino ratio: Return per unit of downside risk	-1.98	0.83	-2.81
Omega ratio: Gain probability vs. loss probability	0.80	1.09	-0.29
Calmar ratio: Return relative to maximum drawdown	-1.00	-0.76	-0.24
Martin ratio: Return relative to average drawdown	-1.18	-1.27	+0.09

SMU vs. ASTX - Sharpe Ratio Comparison

The current SMU Sharpe Ratio is -0.49, which is lower than the ASTX Sharpe Ratio of -0.32. The chart below compares the historical Sharpe Ratios of SMU and ASTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SMU vs. ASTX - Drawdown Comparison

The maximum SMU drawdown since its inception was -99.39%, which is greater than ASTX's maximum drawdown of -91.24%. Use the drawdown chart below to compare losses from any high point for SMU and ASTX.

Drawdown Indicators

	SMU	ASTX	Difference
Max Drawdown Largest peak-to-trough decline	-99.39%	-91.24%	-8.15%
Max Drawdown (1Y) Largest decline over 1 year	-99.27%	-91.24%	-8.03%
Current Drawdown Current decline from peak	-99.25%	-89.27%	-9.98%
Average Drawdown Average peak-to-trough decline	-79.07%	-49.51%	-29.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	85.27%	54.73%	+30.54%

Volatility

SMU vs. ASTX - Volatility Comparison

The current volatility for Tradr 2X Long SMR Daily ETF (SMU) is 52.39%, while Tradr 2X Long ASTS Daily ETF (ASTX) has a volatility of 60.16%. This indicates that SMU experiences smaller price fluctuations and is considered to be less risky than ASTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SMU	ASTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	52.39%	60.16%	-7.77%
Volatility (6M) Calculated over the trailing 6-month period	134.27%	163.48%	-29.21%
Volatility (1Y) Calculated over the trailing 1-year period	200.59%	218.96%	-18.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	200.68%	215.72%	-15.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	200.68%	215.72%	-15.04%

SMU vs. ASTX - Expense Ratio Comparison

Both SMU and ASTX have an expense ratio of 1.30%.

Dividends

SMU vs. ASTX - Dividend Comparison

Neither SMU nor ASTX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SMU and ASTX in my portfolio?

SMU and ASTX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SMU or ASTX?

ASTX has higher volatility (60.16%) compared to SMU (52.39%). In terms of maximum drawdown, SMU dropped -99.39% vs ASTX's -91.24%.

Which ETF is better, SMU or ASTX?

On 1-year performance, ASTX leads with -68.42% vs -98.97% for SMU. Both ETFs have the same 1.30% expense ratio. On volatility, SMU has been the lower-risk option at 52.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SMU or ASTX?

Over the 1-year period, ASTX has performed better with a -68.42% return vs -98.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SMU or ASTX?

SMU and ASTX have the same expense ratio: 1.30% per year.

Which ETF pays a higher dividend yield, SMU or ASTX?

SMU and ASTX have nearly identical dividend yields, around 0.00%.

Which has better risk-adjusted returns?

ASTX currently has the higher Sharpe Ratio (-0.32 vs -0.49), 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.