Performance analysis of SMST (DEFIANCE DAILY TARGET 2X SHORT MSTR ETF)
Annual Return
Since Aug 21, 2024, SMST has had an average annual return of -87.19%, underperforming the benchmark SPY, which returned +19.48% annual.
| 2026 | 2025 | 2024 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| -49.51% | -44.29% | -90.90% |
Monthly Return
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annually Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -9.07% | -18.22% | -5.04% | -51.12% | -3.43% | +51.48% | -49.51% | ||||||
| 2025 | -38.90% | +47.66% | -45.68% | -63.00% | -1.21% | -19.63% | -7.63% | +30.58% | +1.27% | +25.62% | +102.99% | +24.26% | -44.29% |
| 2024 | +5.78% | -37.62% | -49.87% | -79.84% | +36.43% | -90.90% |
Drawdown analysis of SMST (DEFIANCE DAILY TARGET 2X SHORT MSTR ETF)
The maximum drawdown for the SMST was -99.25%, occurring on Jul 16, 2025. This drawdown has not yet recovered.
The current SMST drawdown is -98.01%.
Since Aug 21, 2024 SMST has experienced the following drawdowns:
- 50% or more: 1 time
- 40% or more: 1 time
- 30% or more: 1 time
- 20% or more: 1 time
- 10% or more: 2 times
| Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -99.25% | Sep 6, 2024 | 213 | Jul 16, 2025 | Ongoing | Ongoing | Ongoing |
| -18.07% | Aug 22, 2024 | 1 | Aug 23, 2024 | 6 | Sep 3, 2024 | 7 |
| -3.13% | Sep 3, 2024 | 1 | Sep 4, 2024 | 1 | Sep 5, 2024 | 2 |