SMU vs. NVTX

Last updated Jun 23, 2026

SMU (Tradr 2X Long SMR Daily ETF) and NVTX (Tradr 2X Long NVTS Daily ETF) are both Leveraged Equities funds from Tradr. Both are actively managed. A 0.60 correlation means they provide meaningful diversification when combined. Both charge a 1.30% expense ratio.

Performance

SMU vs. NVTX - 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 NVTS Daily ETF (NVTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMU achieves a -65.34% return, which is significantly lower than NVTX's 335.84% return.

SMU

• 1D: -8.13%
• 1M: -13.60%
• YTD: -65.34%
• 6M: -74.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVTX

• 1D: -1.79%
• 1M: -43.82%
• YTD: 335.84%
• 6M: 246.45%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SMU vs. NVTX - Yearly Performance Comparison

	2026 (YTD)	2025
SMU Tradr 2X Long SMR Daily ETF	-65.34%	-89.13%
NVTX Tradr 2X Long NVTS Daily ETF	335.84%	-11.25%

Correlation

The correlation between SMU and NVTX is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 9, 2025	0.60

Return for Risk

SMU vs. NVTX - 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 NVTS Daily ETF (NVTX). 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.

Drawdowns

SMU vs. NVTX - Drawdown Comparison

The maximum SMU drawdown since its inception was -98.96%, which is greater than NVTX's maximum drawdown of -89.20%. Use the drawdown chart below to compare losses from any high point for SMU and NVTX.

Drawdown Indicators

	SMU	NVTX	Difference
Max Drawdown Largest peak-to-trough decline	-98.96%	-89.20%	-9.76%
Current Drawdown Current decline from peak	-98.53%	-51.96%	-46.57%
Average Drawdown Average peak-to-trough decline	-76.71%	-59.88%	-16.83%

Volatility

Volatility by Period

	SMU	NVTX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	204.83%	265.44%	-60.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	204.83%	265.44%	-60.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	204.83%	265.44%	-60.61%

SMU vs. NVTX - Expense Ratio Comparison

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

Dividends

SMU vs. NVTX - Dividend Comparison

SMU has not paid dividends to shareholders, while NVTX's dividend yield for the trailing twelve months is around 3.91%.

Position	TTM	2025
NVTX Tradr 2X Long NVTS Daily ETF	3.91%	17.05%
SMU Tradr 2X Long SMR Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both SMU and NVTX in my portfolio?

SMU and NVTX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SMU or NVTX?

Both ETFs have the same 1.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SMU or NVTX?

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

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

NVTX has the higher dividend yield at 3.91%, compared with 0.00% for SMU.