STSM vs. BRKL

Last updated Jul 30, 2026

STSM (Defiance Daily Target 2X Short TSM ETF) and BRKL (Corgi BRKB 2x Daily ETF) are both Leveraged Equities funds. STSM is passively managed, while BRKL is actively managed. Their 0.48 correlation means their historical movements had little consistent relationship. STSM charges 1.31%/yr vs 0.45%/yr for BRKL.

Performance

STSM vs. BRKL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Short TSM ETF (STSM) and Corgi BRKB 2x Daily ETF (BRKL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

STSM

• 1D: 9.25%
• 1M: 38.42%
• 6M: -39.53%
• YTD: -53.71%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

BRKL

• 1D: -0.99%
• 1M: —
• 6M: —
• 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)
BRKL Corgi BRKB 2x Daily ETF	$578.60	$16.30K	$16.30K
STSM Defiance Daily Target 2X Short TSM ETF	$808.53K	$629.89K	$398.30K

STSM vs. BRKL - Yearly Performance Comparison

	2026 (YTD)
STSM Defiance Daily Target 2X Short TSM ETF	42.24%
BRKL Corgi BRKB 2x Daily ETF	0.60%

Correlation

The correlation between STSM and BRKL is 0.48, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 7, 2026	0.48

Return for Risk

STSM vs. BRKL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short TSM ETF (STSM) and Corgi BRKB 2x Daily ETF (BRKL). 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

STSM vs. BRKL - Drawdown Comparison

The maximum STSM drawdown since its inception was -76.23%, which is greater than BRKL's maximum drawdown of -7.03%. Use the drawdown chart below to compare losses from any high point for STSM and BRKL.

Drawdown Indicators

	STSM	BRKL	Difference
Max Drawdown Largest peak-to-trough decline	-76.23%	-7.03%	-69.20%
Current Drawdown Current decline from peak	-63.30%	-0.99%	-62.31%
Average Drawdown Average peak-to-trough decline	-47.17%	-4.56%	-42.61%

Volatility

Volatility by Period

	STSM	BRKL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	84.09%	32.72%	+51.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	84.09%	32.72%	+51.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	84.09%	32.72%	+51.37%

STSM vs. BRKL - Expense Ratio Comparison

STSM has a 1.31% expense ratio, which is higher than BRKL's 0.45% expense ratio.

Dividends

STSM vs. BRKL - Dividend Comparison

Neither STSM nor BRKL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both STSM and BRKL in my portfolio?

STSM and BRKL have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, STSM or BRKL?

On fees, BRKL is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, STSM or BRKL?

BRKL is cheaper with a 0.45% expense ratio, compared with 1.31% for STSM.

Which ETF pays a higher dividend yield, STSM or BRKL?

STSM and BRKL have nearly identical dividend yields, around 0.00%.

What is the main difference between STSM and BRKL?

They also come from different issuers: Defiance and Corgi. Their fees differ too: 1.31% for STSM and 0.45% for BRKL.