STSM vs. IWMY
STSM (Defiance Daily Target 2X Short TSM ETF) and IWMY (Defiance R2000 Weekly Distribution ETF) are both exchange-traded funds - STSM is a Leveraged Equities fund tracking the Taiwan Semiconductor Manufacturing Company Limited (TSM), while IWMY is a Options Trading fund actively managed by Defiance. STSM is passively managed, while IWMY is actively managed. Their -0.57 correlation means they have often moved in opposite directions in the past. STSM charges 1.31%/yr vs 1.05%/yr for IWMY.
Performance
STSM vs. IWMY - Performance Comparison
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Returns By Period
In the year-to-date period, STSM achieves a -53.71% return, which is significantly lower than IWMY's 12.43% return.
STSM
- 1D
- 9.25%
- 1M
- 38.42%
- 6M
- -39.53%
- YTD
- -53.71%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
IWMY
- 1D
- -1.58%
- 1M
- -3.03%
- 6M
- 6.77%
- YTD
- 12.43%
- 1Y
- 16.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $691.48K | $745.25K | $1.05M | |
| $808.53K | $629.89K | $398.30K |
STSM vs. IWMY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
STSM Defiance Daily Target 2X Short TSM ETF | -53.71% | -19.17% |
IWMY Defiance R2000 Weekly Distribution ETF | 12.43% | 1.69% |
Correlation
The correlation between STSM and IWMY is -0.57, 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 Nov 18, 2025 | -0.57 |
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Return for Risk
STSM vs. IWMY — Risk / Return Rank
STSM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IWMY
STSM vs. IWMY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short TSM ETF (STSM) and Defiance R2000 Weekly Distribution ETF (IWMY). 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.
| STSM | IWMY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.18 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.39 | — |
| Martin ratioReturn relative to average drawdown | — | 4.53 | — |
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Drawdowns
STSM vs. IWMY - Drawdown Comparison
The maximum STSM drawdown since its inception was -76.23%, which is greater than IWMY's maximum drawdown of -18.72%. Use the drawdown chart below to compare losses from any high point for STSM and IWMY.
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Drawdown Indicators
| STSM | IWMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.23% | -18.72% | -57.51% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.57% | — |
Current DrawdownCurrent decline from peak | -63.30% | -3.43% | -59.87% |
Average DrawdownAverage peak-to-trough decline | -47.17% | -2.89% | -44.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.55% | — |
Volatility
STSM vs. IWMY - Volatility Comparison
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Volatility by Period
| STSM | IWMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.13% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.41% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 84.09% | 16.26% | +67.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 84.09% | 15.79% | +68.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 84.09% | 15.79% | +68.30% |
STSM vs. IWMY - Expense Ratio Comparison
STSM has a 1.31% expense ratio, which is higher than IWMY's 1.05% expense ratio.
Dividends
STSM vs. IWMY - Dividend Comparison
STSM has not paid dividends to shareholders, while IWMY's dividend yield for the trailing twelve months is around 42.63%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IWMY Defiance R2000 Weekly Distribution ETF | 42.63% | 63.33% | 107.92% | 11.34% |
STSM Defiance Daily Target 2X Short TSM ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
STSM and IWMY have a correlation of -0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWMY is cheaper at 1.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWMY is cheaper with a 1.05% expense ratio, compared with 1.31% for STSM.
IWMY has the higher dividend yield at 42.63%, compared with 0.00% for STSM.
STSM is categorized as Leveraged Equities, while IWMY is Options Trading. Their fees differ too: 1.31% for STSM and 1.05% for IWMY.
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