STSM vs. NTSD

Last updated Jul 10, 2026

STSM (Defiance Daily Target 2X Short TSM ETF) and NTSD (WisdomTree Efficient U.S. Plus International Equity Fund) are both Leveraged Equities funds. STSM is passively managed, while NTSD is actively managed. At a correlation of -0.63, they often move in opposite directions. STSM charges 1.31%/yr vs 0.35%/yr for NTSD.

Performance

STSM vs. NTSD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Short TSM ETF (STSM) and WisdomTree Efficient U.S. Plus International Equity Fund (NTSD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

STSM

• 1D: -0.01%
• 1M: -13.31%
• 6M: -61.45%
• YTD: -65.26%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NTSD

• 1D: 0.92%
• 1M: 3.59%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

STSM vs. NTSD - Yearly Performance Comparison

	2026 (YTD)
STSM Defiance Daily Target 2X Short TSM ETF	-51.95%
NTSD WisdomTree Efficient U.S. Plus International Equity Fund	18.98%

Correlation

The correlation between STSM and NTSD is -0.63, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 19, 2026	-0.63

Return for Risk

STSM vs. NTSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short TSM ETF (STSM) and WisdomTree Efficient U.S. Plus International Equity Fund (NTSD). 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. NTSD - Drawdown Comparison

The maximum STSM drawdown since its inception was -76.23%, which is greater than NTSD's maximum drawdown of -5.58%. Use the drawdown chart below to compare losses from any high point for STSM and NTSD.

Drawdown Indicators

	STSM	NTSD	Difference
Max Drawdown Largest peak-to-trough decline	-76.23%	-5.58%	-70.65%
Current Drawdown Current decline from peak	-72.45%	-0.88%	-71.57%
Average Drawdown Average peak-to-trough decline	-45.26%	-1.15%	-44.11%

Volatility

Volatility by Period

	STSM	NTSD	Difference
Volatility (1Y) Calculated over the trailing 1-year period	83.91%	23.70%	+60.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.91%	23.70%	+60.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.91%	23.70%	+60.21%

STSM vs. NTSD - Expense Ratio Comparison

STSM has a 1.31% expense ratio, which is higher than NTSD's 0.35% expense ratio.

Dividends

STSM vs. NTSD - Dividend Comparison

STSM has not paid dividends to shareholders, while NTSD's dividend yield for the trailing twelve months is around 0.14%.

Position	TTM
NTSD WisdomTree Efficient U.S. Plus International Equity Fund	0.14%
STSM Defiance Daily Target 2X Short TSM ETF	0.00%

Frequently Asked Questions

Can I hold both STSM and NTSD in my portfolio?

STSM and NTSD have a correlation of -0.63, 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 NTSD?

On fees, NTSD is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, STSM or NTSD?

NTSD is cheaper with a 0.35% expense ratio, compared with 1.31% for STSM.

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

NTSD has the higher dividend yield at 0.14%, compared with 0.00% for STSM.

What is the main difference between STSM and NTSD?

They also come from different issuers: Defiance and WisdomTree. Their fees differ too: 1.31% for STSM and 0.35% for NTSD.