SMU vs. CEGX
SMU (Tradr 2X Long SMR Daily ETF) and CEGX (Tradr 2X Long CEG Daily ETF) are both Leveraged Equities funds from Tradr. Both are actively managed. Over the past year, SMU returned -99.22% vs -50.84% for CEGX. At a 0.40 correlation, their price movements are largely independent. Both charge a 1.30% expense ratio.
Performance
SMU vs. CEGX - Performance Comparison
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Returns By Period
In the year-to-date period, SMU achieves a -84.70% return, which is significantly lower than CEGX's -57.70% return.
SMU
- 1D
- -16.70%
- 1M
- -44.43%
- 6M
- -90.92%
- YTD
- -84.70%
- 1Y
- -99.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CEGX
- 1D
- -4.90%
- 1M
- -13.33%
- 6M
- -53.77%
- YTD
- -57.70%
- 1Y
- -50.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMU vs. CEGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMU Tradr 2X Long SMR Daily ETF | -84.70% | -91.57% |
CEGX Tradr 2X Long CEG Daily ETF | -57.70% | 13.33% |
Correlation
The correlation between SMU and CEGX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025 | 0.40 |
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Return for Risk
SMU vs. CEGX — Risk / Return Rank
SMU
CEGX
SMU vs. CEGX - 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 CEG Daily ETF (CEGX). 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 | CEGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.62 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 0.95 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | -0.70 | -0.30 |
| Martin ratioReturn relative to average drawdown | -1.19 | -1.17 | -0.01 |
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Drawdowns
SMU vs. CEGX - Drawdown Comparison
The maximum SMU drawdown since its inception was -99.35%, which is greater than CEGX's maximum drawdown of -72.88%. Use the drawdown chart below to compare losses from any high point for SMU and CEGX.
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Drawdown Indicators
| SMU | CEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.35% | -72.88% | -26.47% |
Max Drawdown (1Y)Largest decline over 1 year | -99.35% | -72.88% | -26.47% |
Current DrawdownCurrent decline from peak | -99.35% | -69.59% | -29.76% |
Average DrawdownAverage peak-to-trough decline | -78.19% | -37.04% | -41.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 83.46% | 43.33% | +40.13% |
Volatility
SMU vs. CEGX - Volatility Comparison
Tradr 2X Long SMR Daily ETF (SMU) has a higher volatility of 44.07% compared to Tradr 2X Long CEG Daily ETF (CEGX) at 20.97%. This indicates that SMU's price experiences larger fluctuations and is considered to be riskier than CEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMU | CEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 44.07% | 20.97% | +23.10% |
Volatility (6M)Calculated over the trailing 6-month period | 132.95% | 71.18% | +61.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 199.44% | 93.60% | +105.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 200.29% | 93.42% | +106.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 200.29% | 93.42% | +106.87% |
SMU vs. CEGX - Expense Ratio Comparison
Both SMU and CEGX have an expense ratio of 1.30%.
Dividends
SMU vs. CEGX - Dividend Comparison
Neither SMU nor CEGX has paid dividends to shareholders.
Frequently Asked Questions
SMU and CEGX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMU has higher volatility (44.07%) compared to CEGX (20.97%). In terms of maximum drawdown, SMU dropped -99.35% vs CEGX's -72.88%.
On 1-year performance, CEGX leads with -50.84% vs -99.22% for SMU. Both ETFs have the same 1.30% expense ratio. On volatility, CEGX has been the lower-risk option at 20.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CEGX has performed better with a -50.84% return vs -99.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SMU and CEGX have the same expense ratio: 1.30% per year.
SMU and CEGX have nearly identical dividend yields, around 0.00%.
SMU currently has the higher Sharpe Ratio (-0.50 vs -0.55), 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.
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