SMU vs. SNXX

Last updated Aug 1, 2026

SMU (Tradr 2X Long SMR Daily ETF) and SNXX (Tradr 2X Long SNDK Daily ETF) are both Leveraged Equities funds from Tradr. Both are actively managed. Their 0.35 correlation means their historical movements had little consistent relationship. SMU charges 1.30%/yr vs 1.49%/yr for SNXX.

Performance

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

Returns By Period

SMU

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

SNXX

• 1D: -10.88%
• 1M: -60.92%
• 6M: 102.16%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
SMU Tradr 2X Long SMR Daily ETF	$8.65M	$9.72M	$17.75M
SNXX Tradr 2X Long SNDK Daily ETF	$1.51B	$1.59B	$1.43B

SMU vs. SNXX - Yearly Performance Comparison

	2026 (YTD)
SMU Tradr 2X Long SMR Daily ETF	-88.64%
SNXX Tradr 2X Long SNDK Daily ETF	184.54%

Correlation

The correlation between SMU and SNXX is 0.35, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 27, 2026	0.35

Return for Risk

SMU vs. SNXX — 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

SNXX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. SNXX - 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 SNDK Daily ETF (SNXX). 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	SNXX	Difference
Sharpe ratio: Return per unit of total volatility	-0.49	—	—
Sortino ratio: Return per unit of downside risk	-1.98	—	—
Omega ratio: Gain probability vs. loss probability	0.80	—	—
Calmar ratio: Return relative to maximum drawdown	-1.00	—	—
Martin ratio: Return relative to average drawdown	-1.18	—	—

Drawdowns

SMU vs. SNXX - Drawdown Comparison

The maximum SMU drawdown since its inception was -99.39%, which is greater than SNXX's maximum drawdown of -85.09%. Use the drawdown chart below to compare losses from any high point for SMU and SNXX.

Drawdown Indicators

	SMU	SNXX	Difference
Max Drawdown Largest peak-to-trough decline	-99.39%	-85.09%	-14.30%
Max Drawdown (1Y) Largest decline over 1 year	-99.27%	—	—
Current Drawdown Current decline from peak	-99.25%	-79.82%	-19.43%
Average Drawdown Average peak-to-trough decline	-79.07%	-22.82%	-56.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	85.27%	—	—

Volatility

Volatility by Period

	SMU	SNXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	52.39%	—	—
Volatility (6M) Calculated over the trailing 6-month period	134.27%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	200.59%	237.71%	-37.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	200.68%	237.71%	-37.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	200.68%	237.71%	-37.03%

SMU vs. SNXX - Expense Ratio Comparison

SMU has a 1.30% expense ratio, which is lower than SNXX's 1.49% expense ratio.

Dividends

SMU vs. SNXX - Dividend Comparison

Neither SMU nor SNXX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SMU and SNXX in my portfolio?

SMU and SNXX have a correlation of 0.35, 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 SNXX?

On fees, SMU is cheaper at 1.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SMU or SNXX?

SMU is cheaper with a 1.30% expense ratio, compared with 1.49% for SNXX.

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

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

What is the main difference between SMU and SNXX?

Their fees differ too: 1.30% for SMU and 1.49% for SNXX.