SMZ vs. LITX

Last updated Aug 1, 2026

SMZ (Tradr 2X Short SMR Daily ETF) and LITX (Tradr 2X Long LITE Daily ETF) are both exchange-traded funds - SMZ is a Inverse Equities fund tracking the NuScale Power Corporation (SMR), while LITX is a Leveraged Equities fund actively managed by Tradr. SMZ is passively managed, while LITX is actively managed. Their -0.34 correlation means they have often moved in opposite directions in the past. Both charge a 1.49% expense ratio.

Performance

SMZ vs. LITX - 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 LITE Daily ETF (LITX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SMZ

• 1D: 4.06%
• 1M: 7.24%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

LITX

• 1D: 5.60%
• 1M: -12.69%
• 6M: 78.91%
• 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)
LITX Tradr 2X Long LITE Daily ETF	$72.96M	$66.22M	$208.61M
SMZ Tradr 2X Short SMR Daily ETF	$795.18K	$775.91K	$1.24M

SMZ vs. LITX - Yearly Performance Comparison

	2026 (YTD)
SMZ Tradr 2X Short SMR Daily ETF	-1.46%
LITX Tradr 2X Long LITE Daily ETF	-6.50%

Correlation

The correlation between SMZ and LITX is -0.34, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 11, 2026	-0.34

Return for Risk

SMZ vs. LITX - 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 LITE Daily ETF (LITX). 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

SMZ vs. LITX - Drawdown Comparison

The maximum SMZ drawdown since its inception was -77.30%, roughly equal to the maximum LITX drawdown of -73.97%. Use the drawdown chart below to compare losses from any high point for SMZ and LITX.

Drawdown Indicators

	SMZ	LITX	Difference
Max Drawdown Largest peak-to-trough decline	-77.30%	-73.97%	-3.33%
Current Drawdown Current decline from peak	-61.42%	-63.99%	+2.57%
Average Drawdown Average peak-to-trough decline	-40.92%	-25.05%	-15.87%

Volatility

Volatility by Period

	SMZ	LITX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	188.99%	198.72%	-9.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	188.99%	198.72%	-9.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	188.99%	198.72%	-9.73%

SMZ vs. LITX - Expense Ratio Comparison

Both SMZ and LITX have an expense ratio of 1.49%.

Dividends

SMZ vs. LITX - Dividend Comparison

Neither SMZ nor LITX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SMZ and LITX in my portfolio?

SMZ and LITX have a correlation of -0.34, 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 LITX?

Both ETFs have the same 1.49% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SMZ or LITX?

SMZ and LITX have the same expense ratio: 1.49% per year.

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

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

What is the main difference between SMZ and LITX?

SMZ is categorized as Inverse Equities, while LITX is Leveraged Equities.