SMU vs. CMGG
SMU (Tradr 2X Long SMR Daily ETF) and CMGG (Leverage Shares 2X Long CMG Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.17 correlation, their price movements are largely independent. SMU charges 1.30%/yr vs 0.75%/yr for CMGG.
Performance
SMU vs. CMGG - Performance Comparison
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Returns By Period
In the year-to-date period, SMU achieves a -67.70% return, which is significantly lower than CMGG's -37.52% return.
SMU
- 1D
- -6.80%
- 1M
- -19.47%
- YTD
- -67.70%
- 6M
- -74.93%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CMGG
- 1D
- 2.82%
- 1M
- -12.95%
- YTD
- -37.52%
- 6M
- -40.08%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMU vs. CMGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMU Tradr 2X Long SMR Daily ETF | -67.70% | -65.45% |
CMGG Leverage Shares 2X Long CMG Daily ETF | -37.52% | 36.20% |
Correlation
The correlation between SMU and CMGG is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | 0.17 |
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Return for Risk
SMU vs. CMGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long SMR Daily ETF (SMU) and Leverage Shares 2X Long CMG Daily ETF (CMGG). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
SMU vs. CMGG - Drawdown Comparison
The maximum SMU drawdown since its inception was -98.96%, which is greater than CMGG's maximum drawdown of -56.75%. Use the drawdown chart below to compare losses from any high point for SMU and CMGG.
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Drawdown Indicators
| SMU | CMGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.96% | -56.75% | -42.21% |
Current DrawdownCurrent decline from peak | -98.63% | -48.19% | -50.44% |
Average DrawdownAverage peak-to-trough decline | -76.80% | -23.37% | -53.43% |
Volatility
SMU vs. CMGG - Volatility Comparison
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Volatility by Period
| SMU | CMGG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 204.50% | 68.93% | +135.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 204.50% | 68.93% | +135.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 204.50% | 68.93% | +135.57% |
SMU vs. CMGG - Expense Ratio Comparison
SMU has a 1.30% expense ratio, which is higher than CMGG's 0.75% expense ratio.
Dividends
SMU vs. CMGG - Dividend Comparison
Neither SMU nor CMGG has paid dividends to shareholders.
Frequently Asked Questions
SMU and CMGG have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CMGG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CMGG is cheaper with a 0.75% expense ratio, compared with 1.30% for SMU.
SMU and CMGG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Tradr and Leverage Shares. Their fees differ too: 1.30% for SMU and 0.75% for CMGG.
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