VPX vs. STRN

Last updated Jul 30, 2026

VPX (Variant Perception Cycle Aware US Equity ETF) and STRN (SMART Trend ETF) are both exchange-traded funds - VPX is a Large Cap Blend Equities fund actively managed by Variant Perception, while STRN is a Actively Managed fund actively managed by SmartWay. Both are actively managed. Their correlation of 0.83 means they have usually moved in the same direction. VPX charges 0.75%/yr vs 0.59%/yr for STRN.

Performance

VPX vs. STRN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Variant Perception Cycle Aware US Equity ETF (VPX) and SMART Trend ETF (STRN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VPX

• 1D: -1.52%
• 1M: -0.60%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

STRN

• 1D: -3.25%
• 1M: -12.14%
• 6M: 5.42%
• YTD: 12.18%
• 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)
STRN SMART Trend ETF	$226.09K	$345.87K	$328.83K
VPX Variant Perception Cycle Aware US Equity ETF	$182.48K	$205.20K	$111.23K

VPX vs. STRN - Yearly Performance Comparison

	2026 (YTD)
VPX Variant Perception Cycle Aware US Equity ETF	18.21%
STRN SMART Trend ETF	13.23%

Correlation

The correlation between VPX and STRN is 0.83, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 12, 2026	0.83

Return for Risk

VPX vs. STRN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Variant Perception Cycle Aware US Equity ETF (VPX) and SMART Trend ETF (STRN). 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

VPX vs. STRN - Drawdown Comparison

The maximum VPX drawdown since its inception was -5.91%, smaller than the maximum STRN drawdown of -15.43%. Use the drawdown chart below to compare losses from any high point for VPX and STRN.

Drawdown Indicators

	VPX	STRN	Difference
Max Drawdown Largest peak-to-trough decline	-5.91%	-15.43%	+9.52%
Current Drawdown Current decline from peak	-2.39%	-14.33%	+11.94%
Average Drawdown Average peak-to-trough decline	-0.87%	-3.24%	+2.37%

Volatility

Volatility by Period

	VPX	STRN	Difference
Volatility (1Y) Calculated over the trailing 1-year period	15.79%	26.95%	-11.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.79%	26.95%	-11.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.79%	26.95%	-11.16%

VPX vs. STRN - Expense Ratio Comparison

VPX has a 0.75% expense ratio, which is higher than STRN's 0.59% expense ratio.

Dividends

VPX vs. STRN - Dividend Comparison

VPX has not paid dividends to shareholders, while STRN's dividend yield for the trailing twelve months is around 0.16%.

Position	TTM	2025
STRN SMART Trend ETF	0.16%	0.18%
VPX Variant Perception Cycle Aware US Equity ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both VPX and STRN in my portfolio?

VPX and STRN have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VPX or STRN?

On fees, STRN is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VPX or STRN?

STRN is cheaper with a 0.59% expense ratio, compared with 0.75% for VPX.

Which ETF pays a higher dividend yield, VPX or STRN?

STRN has the higher dividend yield at 0.16%, compared with 0.00% for VPX.

What is the main difference between VPX and STRN?

VPX is categorized as Large Cap Blend Equities, while STRN is Actively Managed. They also come from different issuers: Variant Perception and SmartWay. Their fees differ too: 0.75% for VPX and 0.59% for STRN.