SMZ vs. YXI

Last updated Aug 1, 2026

SMZ (Tradr 2X Short SMR Daily ETF) and YXI (ProShares Short FTSE China 50) are both exchange-traded funds - SMZ is a Inverse Equities fund tracking the NuScale Power Corporation (SMR), while YXI is a China Equities fund tracking the FTSE China 50 Net Tax USD (TR) (-100%). Both are passively managed. Their 0.28 correlation means their historical movements had little consistent relationship. SMZ charges 1.49%/yr vs 0.95%/yr for YXI.

Performance

SMZ vs. YXI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Short SMR Daily ETF (SMZ) and ProShares Short FTSE China 50 (YXI). 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*: —

YXI

• 1D: 0.15%
• 1M: -12.91%
• 6M: 8.66%
• YTD: 4.98%
• 1Y: 0.78%
• 3Y*: -9.91%
• 5Y*: -5.56%
• 10Y*: -7.95%
• ALL TIME*: -8.26%

*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)
SMZ Tradr 2X Short SMR Daily ETF	$795.18K	$775.91K	$1.24M
YXI ProShares Short FTSE China 50	$27.49K	$29.99K	$33.82K

SMZ vs. YXI - Yearly Performance Comparison

	2026 (YTD)
SMZ Tradr 2X Short SMR Daily ETF	-1.46%
YXI ProShares Short FTSE China 50	8.39%

Correlation

The correlation between SMZ and YXI is 0.28, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 11, 2026	0.28

Return for Risk

SMZ vs. YXI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SMZ

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

YXI

YXI Risk / Return Rank: 14
YXI Sharpe Ratio Rank: 14
YXI Sortino Ratio Rank: 13
YXI Omega Ratio Rank: 13
YXI Calmar Ratio Rank: 14
YXI Martin Ratio Rank: 14

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.

SMZ vs. YXI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Short SMR Daily ETF (SMZ) and ProShares Short FTSE China 50 (YXI). 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.

	SMZ	YXI	Difference
Sharpe ratio: Return per unit of total volatility	—	0.13	—
Sortino ratio: Return per unit of downside risk	—	0.33	—
Omega ratio: Gain probability vs. loss probability	—	1.04	—
Calmar ratio: Return relative to maximum drawdown	—	0.21	—
Martin ratio: Return relative to average drawdown	—	0.46	—

Drawdowns

SMZ vs. YXI - Drawdown Comparison

The maximum SMZ drawdown since its inception was -77.30%, roughly equal to the maximum YXI drawdown of -81.15%. Use the drawdown chart below to compare losses from any high point for SMZ and YXI.

Drawdown Indicators

	SMZ	YXI	Difference
Max Drawdown Largest peak-to-trough decline	-77.30%	-81.15%	+3.85%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.55%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-53.12%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-57.65%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-61.63%	—
Current Drawdown Current decline from peak	-61.42%	-78.56%	+17.14%
Average Drawdown Average peak-to-trough decline	-40.92%	-54.51%	+13.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.08%	—

Volatility

Volatility by Period

	SMZ	YXI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.06%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.10%	—
Volatility (1Y) Calculated over the trailing 1-year period	188.99%	21.18%	+167.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	188.99%	31.28%	+157.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	188.99%	27.47%	+161.52%

SMZ vs. YXI - Expense Ratio Comparison

SMZ has a 1.49% expense ratio, which is higher than YXI's 0.95% expense ratio.

Dividends

SMZ vs. YXI - Dividend Comparison

SMZ has not paid dividends to shareholders, while YXI's dividend yield for the trailing twelve months is around 2.71%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
SMZ Tradr 2X Short SMR Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
YXI ProShares Short FTSE China 50	2.71%	3.60%	4.35%	2.66%	0.27%	0.00%	0.08%	1.01%	0.25%

Frequently Asked Questions

Can I hold both SMZ and YXI in my portfolio?

SMZ and YXI have a correlation of 0.28, 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 YXI?

On fees, YXI is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SMZ or YXI?

YXI is cheaper with a 0.95% expense ratio, compared with 1.49% for SMZ.

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

YXI has the higher dividend yield at 2.71%, compared with 0.00% for SMZ.

What is the main difference between SMZ and YXI?

SMZ is categorized as Inverse Equities, while YXI is China Equities. SMZ tracks NuScale Power Corporation (SMR), while YXI tracks FTSE China 50 Net Tax USD (TR) (-100%). They also come from different issuers: Tradr and ProShares. Their fees differ too: 1.49% for SMZ and 0.95% for YXI.