Data as of Oct 28, 2026.
SMU vs VT: Differences, Returns & Fees
Over the year to Oct 28, 2026, SMU returned −99.5% to VT's +13.5%, and VT charges 0.06% to SMU's 1.30%.
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Net assets: $19m on Oct 28, 2026 for Tradr 2X Long SMR Daily ETF, and $81.8bn on Sep 30, 2026 for Vanguard Total World Stock Index ETF.
Pair scorecard
VT costs 1.24 points a year less; their one-year returns differ by 113.0 points.
| Measure | SMU | VT |
|---|---|---|
| Return | ||
| Total return, 1 year | −99.5% | +13.5% |
| What its daily multiple gave, 3 months | −53.8% | |
| What the underlying did, 3 months | SMR −25.3% | |
| What the underlying did, 3 months | SMR −25.3% | |
| The multiple over the whole window | 2 times gives −50.6% | |
| Against its benchmark | ||
| What it tracks | SMR | FTSE Global All Cap Index |
| Against its daily multiple, 3 months | 2.9 points short | |
| Against the whole-window multiple | 6.1 points short | |
| Cost and size | ||
| Expense ratio | 1.30% | 0.06% |
| Net assets, SMU as of Oct 28, 2026 and VT as of Sep 30, 2026 | $19m | $81.8bn |
| Holdings | ||
| Holdings in common | not published | |
| In the S&P 500, by weight | 55% | |
| Top ten holdings, share of the fund | 22.5% | |
Risk and return
Jul 18, 2025 to Oct 23, 2026 · 66 weekly returnsVT returned more: +22.5% to −99.8%. VT swung less: 12.3% to 175.8%. VT fell less at its worst: −8.8% to −99.8%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | SMU | VT | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | −99.8% | +22.5% | VT | Price change plus distributions, reinvested. |
| Annualized | −99.1% | +17.3% | VT | Total return as a yearly rate. |
| Price return | −99.8% | +20.0% | VT | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 175.8% | 12.3% | VT | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 132.9% | 7.8% | VT | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −99.8% | −8.8% | VT | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | −1.74 | 1.05 | VT | Return above Treasury bills per unit of volatility. |
| Sortino | −2.31 | 1.65 | VT | Return above Treasury bills per unit of downside deviation. |
| Calmar | −0.99 | 1.97 | VT | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 66 weekly returns. Cash rate: the 13-week Treasury bill.
Side by side
SMU and VT on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
SMU and VT do different jobs. What does each one do in a portfolio?
- What each follows. SMU follows SMR and VT follows FTSE Global All Cap Index.
- One-year total return. Over 1 year to Oct 28, 2026 SMU returned −99.5% and VT +13.5% with distributions reinvested, a gap of 113.0 points.
- Cost. SMU charges 1.30% of assets a year and VT 0.06%, a gap of 1.24 points.
Data as of Oct 28, 2026.
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Over the three months to Oct 28, 2026, SMU lost 56.7%, against −53.8% for twice SMR's daily moves. Of that 6.1, daily compounding is −3.2 points, which any 2 times fund would show over the same path, and the fund itself is −2.9 points against 2 times each day's move, compounded. SMR moved at 85% annualized over that window.
Read the multiple against the whole window instead and 2 times SMR's −25.3% implies −50.6%, which makes SMU look 6.1 points short. That is not the fund's objective, which is daily. SMU aims to return +2 times SMR's move each day, then resets. Over one day it does that. Over longer periods the daily results compound, so the total is not +2 times the period's move: it is lower after a fall and recovery, and can be higher in a steady run. The more it moves, the further the two numbers separate.
VT
VT tracks an index of Total World Stock. Over the year to Oct 28, 2026 it returned +13.5% with distributions reinvested. The prospectus expense ratio is 0.06% a year. By its holdings published by its issuer as of Sep 30, 2026, 55% of the fund by weight is stocks the S&P 500 also holds, across 10,194 positions, with the top ten at 22.5%.
Questions people ask
- Are SMU and VT in the same category?
- SMU is a leveraged ETF and VT is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, SMU or VT?
- In the year to Oct 28, 2026, with distributions reinvested, SMU returned −99.5% and VT +13.5%.
- Which is cheaper, SMU or VT?
- VT is cheaper, by 1.24 percentage points a year. That is about $124 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
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ETFIQ, SMU against VT, data as of Oct 28, 2026. https://etfiq.com/compare/any/smu-vs-vt
ETFIQ. (Oct 28, 2026). SMU against VT. Retrieved from https://etfiq.com/compare/any/smu-vs-vt
[SMU against VT (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/smu-vs-vt)
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