Defiance Daily Target 2X Long SMCI ETF (SMCX) Performance
SMCX total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −63.6% since Dec 31, 2025
- 1 year
- −88.1% total return
- Since first price
- −98.1% since 2024
SMCX trailing returns vs SPY, QQQ, AGG
| Period | SMCX total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −41.1% | −41.1% | −1.0% | −5.0% | +0.9% |
| 3 months | −11.7% | −11.7% | +3.2% | +1.9% | −0.4% |
| 6 months | −25.8% | −25.8% | +7.8% | +8.4% | −1.5% |
| YTD | −63.6% | −63.6% | +12.3% | +15.1% | −1.0% |
| 1 year | −88.1% | −88.6% | +14.4% | +15.9% | −1.1% |
| Since inceptionAug 21, 2024 | −98.1% | −98.1% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SMCX vs SPY
From Aug 21, 2024: SMCX grew to $193, SPY to $13,911.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SMCX returns by calendar year
0 of 1 full years positive. Best 2025 (−69.8%), worst 2025 (−69.8%). 2026 is year to date.
SMCX annual returns table
| Year | SMCX | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −63.6% | −83.5% | +12.3% | +15.1% | −1.0% |
| 2025 | −69.8% | −90.6% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SMCX largest drawdowns
Now 98.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Aug 23, 2024 | −99.2% | Jul 20, 2026 | not yet | 1.9 years | 2.2 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SMCX risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | −78.9% |
| Volatility (annualized) | 178.9% |
| Sharpe ratio | 0.01 |
| Sortino ratio | 0.01 |
| Best month | +154.6% |
| Worst month | −69.6% |
| Best 12 months | −22.7% |
| Worst 12 months | −94.2% |
| Positive months | 44% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SMCX rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 15 | −94.2% | −76.2% | −22.7% | 0% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
SMCX performance overview
Defiance Daily Target 2X Long SMCI ETF (SMCX) returned −88.1% over the past year, with distributions reinvested. Since its first recorded price on Aug 21, 2024 it has returned −98.1%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −99.2%, from Aug 23, 2024 to Jul 20, 2026; the fund has not yet regained that high. Volatility has been 178.9% a year.
Related: SMCX chart, SMCX dividends. See the SMCX overview for the latest quote and fund facts.
SMCX performance FAQ
What is the SMCX return over the past year?
SMCX returned −88.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 88.6%.
How much would $10,000 invested in SMCX be worth?
$10,000 invested in SMCX at its first recorded close on August 21, 2024 would be worth about $193 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of SMCX?
The largest peak-to-trough decline was −99.2% between August 23, 2024 and July 20, 2026. It has not yet recovered to that high; it is 98.9% below its peak.
How volatile is SMCX?
Over the past history SMCX had an annualized volatility of 178.9% and a Sharpe ratio of 0.01 (excess return over 1–3 month T-bills per unit of risk).