SMZ vs. ASTX

Last updated Jun 6, 2026

SMZ (Tradr 2X Short SMR Daily ETF) and ASTX (Tradr 2X Long ASTS Daily ETF) are both exchange-traded funds - SMZ is a Inverse Equities fund tracking the NuScale Power Corporation (SMR), while ASTX is a Leveraged Equities fund actively managed by Tradr. SMZ is passively managed, while ASTX is actively managed. At a correlation of -0.51, they often move in opposite directions. SMZ charges 1.49%/yr vs 1.30%/yr for ASTX.

Performance

SMZ vs. ASTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Short SMR Daily ETF (SMZ) and Tradr 2X Long ASTS Daily ETF (ASTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SMZ

• 1D: 22.81%
• 1M: 29.65%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASTX

• 1D: -25.49%
• 1M: 44.67%
• YTD: -14.76%
• 6M: -26.61%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SMZ vs. ASTX - Yearly Performance Comparison

	2026 (YTD)
SMZ Tradr 2X Short SMR Daily ETF	-13.39%
ASTX Tradr 2X Long ASTS Daily ETF	-41.80%

Correlation

The correlation between SMZ and ASTX is -0.51, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 12, 2026	-0.51

Return for Risk

SMZ vs. ASTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Short SMR Daily ETF (SMZ) and Tradr 2X Long ASTS Daily ETF (ASTX). 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.

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

Sharpe Ratios by Period

	SMZ	ASTX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.19	0.16	-0.35

Drawdowns

SMZ vs. ASTX - Drawdown Comparison

The maximum SMZ drawdown since its inception was -77.30%, roughly equal to the maximum ASTX drawdown of -80.36%. Use the drawdown chart below to compare losses from any high point for SMZ and ASTX.

Drawdown Indicators

	SMZ	ASTX	Difference
Max Drawdown Largest peak-to-trough decline	-77.30%	-80.36%	+3.06%
Current Drawdown Current decline from peak	-62.88%	-65.52%	+2.64%
Average Drawdown Average peak-to-trough decline	-32.15%	-44.47%	+12.32%

Volatility

Volatility by Period

	SMZ	ASTX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	191.86%	212.96%	-21.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	191.86%	212.96%	-21.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	191.86%	212.96%	-21.10%

SMZ vs. ASTX - Expense Ratio Comparison

SMZ has a 1.49% expense ratio, which is higher than ASTX's 1.30% expense ratio.

Dividends

SMZ vs. ASTX - Dividend Comparison

Neither SMZ nor ASTX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SMZ and ASTX in my portfolio?

SMZ and ASTX have a correlation of -0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SMZ or ASTX?

On fees, ASTX 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, SMZ or ASTX?

ASTX is cheaper with a 1.30% expense ratio, compared with 1.49% for SMZ.

Which ETF pays a higher dividend yield, SMZ or ASTX?

SMZ and ASTX have nearly identical dividend yields, around 0.00%.

What is the main difference between SMZ and ASTX?

SMZ is categorized as Inverse Equities, while ASTX is Leveraged Equities. Their fees differ too: 1.49% for SMZ and 1.30% for ASTX.