SMZ vs. BRKD

Last updated Jun 6, 2026

SMZ (Tradr 2X Short SMR Daily ETF) and BRKD (Direxion Daily BRKB Bear 1X Shares) are both Inverse Equities funds - SMZ tracks the NuScale Power Corporation (SMR) while BRKD tracks the Berkshire Hathaway Inc. Class B (-100%). Both are passively managed. At a 0.05 correlation, their price movements are largely independent. SMZ charges 1.49%/yr vs 1.00%/yr for BRKD.

Performance

SMZ vs. BRKD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Short SMR Daily ETF (SMZ) and Direxion Daily BRKB Bear 1X Shares (BRKD). 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*: —

BRKD

• 1D: 0.00%
• 1M: 0.00%
• YTD: 5.90%
• 6M: 6.41%
• 1Y: 5.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SMZ vs. BRKD - Yearly Performance Comparison

	2026 (YTD)
SMZ Tradr 2X Short SMR Daily ETF	-13.39%
BRKD Direxion Daily BRKB Bear 1X Shares	4.96%

Correlation

The correlation between SMZ and BRKD is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 12, 2026	0.05

Return for Risk

SMZ vs. BRKD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BRKD

BRKD Risk / Return Rank: 17
BRKD Sharpe Ratio Rank: 16
BRKD Sortino Ratio Rank: 17
BRKD Omega Ratio Rank: 17
BRKD Calmar Ratio Rank: 17
BRKD Martin Ratio Rank: 15

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SMZ vs. BRKD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Short SMR Daily ETF (SMZ) and Direxion Daily BRKB Bear 1X Shares (BRKD). 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	BRKD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.44	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.19	0.04	-0.23

Drawdowns

SMZ vs. BRKD - Drawdown Comparison

The maximum SMZ drawdown since its inception was -77.30%, which is greater than BRKD's maximum drawdown of -17.92%. Use the drawdown chart below to compare losses from any high point for SMZ and BRKD.

Drawdown Indicators

	SMZ	BRKD	Difference
Max Drawdown Largest peak-to-trough decline	-77.30%	-17.92%	-59.38%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.34%	—
Current Drawdown Current decline from peak	-62.88%	-3.69%	-59.19%
Average Drawdown Average peak-to-trough decline	-32.15%	-7.72%	-24.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.79%	—

Volatility

Volatility by Period

	SMZ	BRKD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.19%	—
Volatility (1Y) Calculated over the trailing 1-year period	191.86%	13.22%	+178.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	191.86%	17.21%	+174.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	191.86%	17.21%	+174.65%

SMZ vs. BRKD - Expense Ratio Comparison

SMZ has a 1.49% expense ratio, which is higher than BRKD's 1.00% expense ratio.

Dividends

SMZ vs. BRKD - Dividend Comparison

SMZ has not paid dividends to shareholders, while BRKD's dividend yield for the trailing twelve months is around 2.82%.

Position	TTM	2025
BRKD Direxion Daily BRKB Bear 1X Shares	2.82%	3.50%
SMZ Tradr 2X Short SMR Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both SMZ and BRKD in my portfolio?

SMZ and BRKD have a correlation of 0.05, 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 BRKD?

On fees, BRKD is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SMZ or BRKD?

BRKD is cheaper with a 1.00% expense ratio, compared with 1.49% for SMZ.

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

BRKD has the higher dividend yield at 2.82%, compared with 0.00% for SMZ.

What is the main difference between SMZ and BRKD?

SMZ tracks NuScale Power Corporation (SMR), while BRKD tracks Berkshire Hathaway Inc. Class B (-100%). They also come from different issuers: Tradr and Direxion. Their fees differ too: 1.49% for SMZ and 1.00% for BRKD.