SMCZDefiance Daily Target 2X Short SMCI ETF
Seeks daily inverse investment results of -200% of the daily percentage change in the share price of Super Micro Computer, Inc.
Defiance ETFs LLC · Since 2025 (1 year)
1.29%
#5062 out of 5,332 ETFs
$13M
#4374 out of 5,332 ETFs
2.60%
1 year
#4376 out of 5,332 ETFs
Performance
1 Year
-79.5%
3 Years
N/A
5 Years
N/A
What's inside
Top holdings
Risk profile
150.5%
High
-89.9%
Worst peak-to-trough loss
N/A
N/A
Similar ETFs
Our take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Leveraged single-stock ETF — documented structural drag
Single-stock leveraged ETFs magnify one stock's daily move. Research on these products (Bessembinder et al., 2024) finds 56% posted negative absolute returns over one year, with ~9.5% annual drag versus the underlying stock. Daily rebalancing plus financing costs work against the investor on any holding period longer than a few days.
Source: Bessembinder, Cooper, Zhang — 'Leveraged Single-Stock ETFs' (SSRN 2024)
Why we flagged this: strategy=inverse + single_stock_wrapper
Inverse ETF — daily tool only
Delivers the inverse of the benchmark's daily return. The compounding path makes multi-day holding unpredictable even when the benchmark's total move goes your way. Legitimate as a one-day hedge; dangerous as a view.
Source: Cheng & Madhavan (2009)
Why we flagged this: strategy=inverse + inverse_name_or_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
Data updated on 2026-05-05