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TSYX vs. SMDD
Performance
Return for Risk
Dividends
Drawdowns
Volatility

TSYX vs. SMDD

Last updated Apr 2, 2026

Compare and contrast key facts about TSPY Lift ETF (TSYX) and ProShares UltraPro Short MidCap400 (SMDD).

TSYX and SMDD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSYX is an actively managed fund by TappAlpha. It was launched on Jan 6, 2026. SMDD is a passively managed fund by ProShares that tracks the performance of the S&P MidCap 400 Index (-300%). It was launched on Feb 11, 2010.

Performance

TSYX vs. SMDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TSPY Lift ETF (TSYX) and ProShares UltraPro Short MidCap400 (SMDD). The values are adjusted to include any dividend payments, if applicable.

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TSYX vs. SMDD - Yearly Performance Comparison

2026 (YTD)
TSYX
TSPY Lift ETF		-7.61%
SMDD
ProShares UltraPro Short MidCap400		-1.09%

Returns By Period

TSYX

1D
0.91%
1M
-6.94%
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

SMDD

1D
-2.72%
1M
16.07%
YTD
-10.57%
6M
-13.86%
1Y
-45.30%
3Y*
-31.84%
5Y*
-27.12%
10Y*
-39.17%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

TSPY Lift ETF

ProShares UltraPro Short MidCap400

Often compared with TSYX:
TSYX vs. XSPITSYX vs. SPYTSYX vs. TSPYTSYX vs. BMNUTSYX vs. NFLUTSYX vs. HIMZTSYX vs. CONL
Often compared with SMDD:
SMDD vs. UMDDSMDD vs. XMMOSMDD vs. TZASMDD vs. OOQBSMDD vs. IFEDSMDD vs. XTJLSMDD vs. KORU

TSYX vs. SMDD - Expense Ratio Comparison

TSYX has a 0.98% expense ratio, which is higher than SMDD's 0.95% expense ratio.

TSYX
TSPY Lift ETF
SMDD
ProShares UltraPro Short MidCap400

Return for Risk

TSYX vs. SMDD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TSYX
SMDD
SMDD Risk / Return Rank: 33
Overall Rank
SMDD Sharpe Ratio Rank: 22
Sharpe Ratio Rank
SMDD Sortino Ratio Rank: 22
Sortino Ratio Rank
SMDD Omega Ratio Rank: 22
Omega Ratio Rank
SMDD Calmar Ratio Rank: 22
Calmar Ratio Rank
SMDD Martin Ratio Rank: 55
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TSYX vs. SMDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TSPY Lift ETF (TSYX) and ProShares UltraPro Short MidCap400 (SMDD). 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.

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

TSYX vs. SMDD - Sharpe Ratio Comparison

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Sharpe Ratios by Period

TSYXSMDDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

-0.72

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

-0.46

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

-0.62

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-1.46

-0.69

-0.76

Correlation

The correlation between TSYX and SMDD is -0.80. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

TSYX vs. SMDD - Dividend Comparison

TSYX's dividend yield for the trailing twelve months is around 3.74%, less than SMDD's 5.21% yield.

TTM20252024202320222021202020192018
TSYX
TSPY Lift ETF		3.74%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SMDD
ProShares UltraPro Short MidCap400		5.21%4.96%4.09%3.86%0.14%0.00%0.13%1.51%0.09%

Drawdowns

TSYX vs. SMDD - Drawdown Comparison

The maximum TSYX drawdown since its inception was -13.39%, smaller than the maximum SMDD drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for TSYX and SMDD.

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Drawdown Indicators

TSYXSMDDDifference

Max Drawdown

Largest peak-to-trough decline

-13.39%

-99.99%

+86.60%

Max Drawdown (1Y)

Largest decline over 1 year

—

-67.39%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-85.18%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-99.45%

—

Current Drawdown

Current decline from peak

-9.04%

-99.98%

+90.94%

Average Drawdown

Average peak-to-trough decline

-3.84%

-92.89%

+89.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

53.54%

—

Volatility

TSYX vs. SMDD - Volatility Comparison

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Volatility by Period

TSYXSMDDDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

19.19%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

35.81%

—

Volatility (1Y)

Calculated over the trailing 1-year period

20.16%

63.00%

-42.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.16%

58.82%

-38.66%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.16%

63.27%

-43.11%