SMU vs. UPSX
SMU (Tradr 2X Long SMR Daily ETF) and UPSX (Tradr 2X Long UPST Daily ETF) are both Leveraged Equities funds from Tradr. Both are actively managed. Over the past year, SMU returned -98.97% vs -93.97% for UPSX. Their 0.42 correlation means their historical movements had little consistent relationship. Both charge a 1.30% expense ratio.
Performance
SMU vs. UPSX - Performance Comparison
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Returns By Period
In the year-to-date period, SMU achieves a -82.38% return, which is significantly lower than UPSX's -73.09% return.
SMU
- 1D
- -4.21%
- 1M
- -31.75%
- 6M
- -87.18%
- YTD
- -82.38%
- 1Y
- -98.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -98.16%
UPSX
- 1D
- 2.70%
- 1M
- -39.78%
- 6M
- -64.92%
- YTD
- -73.09%
- 1Y
- -93.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -86.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.65M | $9.72M | $17.75M | |
| $648.21K | $750.89K | $1.45M |
SMU vs. UPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMU Tradr 2X Long SMR Daily ETF | -82.38% | -91.57% |
UPSX Tradr 2X Long UPST Daily ETF | -73.09% | -77.95% |
Correlation
The correlation between SMU and UPSX is 0.43, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025 | 0.42 |
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Return for Risk
SMU vs. UPSX — Risk / Return Rank
SMU
UPSX
SMU vs. UPSX - 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 UPST Daily ETF (UPSX). 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 | UPSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 0.80 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | -1.00 | 0.00 |
| Martin ratioReturn relative to average drawdown | -1.18 | -1.18 | -0.01 |
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Drawdowns
SMU vs. UPSX - Drawdown Comparison
The maximum SMU drawdown since its inception was -99.39%, roughly equal to the maximum UPSX drawdown of -95.03%. Use the drawdown chart below to compare losses from any high point for SMU and UPSX.
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Drawdown Indicators
| SMU | UPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.39% | -95.03% | -4.36% |
Max Drawdown (1Y)Largest decline over 1 year | -99.27% | -94.81% | -4.46% |
Current DrawdownCurrent decline from peak | -99.25% | -94.70% | -4.55% |
Average DrawdownAverage peak-to-trough decline | -79.07% | -69.55% | -9.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 85.27% | 80.18% | +5.09% |
Volatility
SMU vs. UPSX - Volatility Comparison
Tradr 2X Long SMR Daily ETF (SMU) has a higher volatility of 52.39% compared to Tradr 2X Long UPST Daily ETF (UPSX) at 23.48%. This indicates that SMU's price experiences larger fluctuations and is considered to be riskier than UPSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMU | UPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 52.39% | 23.48% | +28.91% |
Volatility (6M)Calculated over the trailing 6-month period | 134.27% | 98.83% | +35.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 200.59% | 137.84% | +62.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 200.68% | 136.77% | +63.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 200.68% | 136.77% | +63.91% |
SMU vs. UPSX - Expense Ratio Comparison
Both SMU and UPSX have an expense ratio of 1.30%.
Dividends
SMU vs. UPSX - Dividend Comparison
Neither SMU nor UPSX has paid dividends to shareholders.
Frequently Asked Questions
SMU and UPSX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMU has higher volatility (52.39%) compared to UPSX (23.48%). In terms of maximum drawdown, SMU dropped -99.39% vs UPSX's -95.03%.
On 1-year performance, UPSX leads with -93.97% vs -98.97% for SMU. Both ETFs have the same 1.30% expense ratio. On volatility, UPSX has been the lower-risk option at 23.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, UPSX has performed better with a -93.97% return vs -98.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SMU and UPSX have the same expense ratio: 1.30% per year.
SMU and UPSX have nearly identical dividend yields, around 0.00%.
SMU currently has the higher Sharpe Ratio (-0.49 vs -0.69), 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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