Tradr 2X Long SMR Daily ETF (SMU) Performance
SMU total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −94.3% since Dec 31, 2025
- 1 year
- −99.4% total return
- Since first price
- −99.6% since 2025
SMU trailing returns vs SPY, QQQ, AGG
| Period | SMU total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −63.9% | −63.9% | −1.0% | −5.0% | +0.9% |
| 3 months | −71.6% | −71.6% | +3.2% | +1.9% | −0.4% |
| 6 months | −89.8% | −89.8% | +7.8% | +8.4% | −1.5% |
| YTD | −94.3% | −94.3% | +12.3% | +15.1% | −1.0% |
| 1 year | −99.4% | −99.4% | +14.4% | +15.9% | −1.1% |
| Since inceptionJul 11, 2025 | −99.6% | −99.6% | — | — | — |
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: SMU vs SPY
From Jul 11, 2025: SMU grew to $43, SPY to $12,352.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SMU returns by calendar year
2026 is year to date.
SMU annual returns table
| Year | SMU | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −94.3% | −97.2% | +12.3% | +15.1% | −1.0% |
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.
SMU largest drawdowns
Now 99.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jul 25, 2025 | −99.8% | Oct 22, 2026 | not yet | 1.2 years | 1.2 years so far |
| Jul 18, 2025 | −22.6% | Jul 22, 2025 | Jul 24, 2025 | 4 days | 6 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SMU risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | −98.8% |
| Volatility (annualized) | 127.3% |
| Sharpe ratio | -2.06 |
| Sortino ratio | -1.93 |
| Best month | +37.5% |
| Worst month | −82.7% |
| Best 12 months | −98.0% |
| Worst 12 months | −99.2% |
| Positive months | 29% |
| 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.
SMU rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 4 | −99.6% | −98.9% | −98.0% | 0% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
SMU performance overview
Tradr 2X Long SMR Daily ETF (SMU) returned −99.4% over the past year, with distributions reinvested. Since its first recorded price on Jul 11, 2025 it has returned −99.6%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −99.8%, from Jul 25, 2025 to Oct 22, 2026; the fund has not yet regained that high. Volatility has been 127.3% a year.
Related: SMU chart. See the SMU overview for the latest quote and fund facts.
SMU performance FAQ
What is the SMU return over the past year?
SMU returned −99.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 99.4%.
How much would $10,000 invested in SMU be worth?
$10,000 invested in SMU at its first recorded close on July 11, 2025 would be worth about $43 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of SMU?
The largest peak-to-trough decline was −99.8% between July 25, 2025 and October 22, 2026. It has not yet recovered to that high; it is 99.8% below its peak.
How volatile is SMU?
Over the past history SMU had an annualized volatility of 127.3% and a Sharpe ratio of -2.06 (excess return over 1–3 month T-bills per unit of risk).