SMCC vs SMCX: which held to its multiple?
Over the days both have traded, SMCC finished 23.6 points from its stated multiple and SMCX 24.1. Corgi SMCI 2x Daily ETF and Defiance Daily Target 2X Long SMCI ETF.
SMCC returned +73.4% while 2 times SMCI's move would have been +97.1%
SMCX returned +73.0% while 2 times SMCI's move would have been +97.1%
A percentile among the 470 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it → How it is computed →
Performance, window by window
| Total return | Multiple would give | Difference | ||||
|---|---|---|---|---|---|---|
| Window | SMCC | SMCX | SMCC | SMCX | SMCC | SMCX |
| 1 month | +14.1% | +14.4% | +20.3% | +20.3% | −6.3 pts | −5.9 pts |
| 3 months | +73.4% | +73.0% | +97.1% | +97.1% | −23.6 pts | −24.1 pts |
| 6 months | not published | +64.3% | not published | +164.9% | not published | −100.6 pts |
| 1 year | not published | −81.6% | not published | −28.7% | not published | −53.0 pts |
| Since launch SMCC Jun 2026 · SMCX Aug 2024 | +54.4% | −98.1% | +80.1% | −64.2% | −25.7 pts | −33.9 pts |
SMCC and SMCX over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
SMCC and SMCX on the same fields, as of Sep 30, 2026. Source: ETFIQ.
SMCC in plain words
Three months to Sep 30, 2026: SMCC returned +73.4% where its own daily promise gave +86.9%, 13.5 points short. Read the multiple against the whole window instead and 2 times SMCI's 48.5% implies +97.1%, which makes SMCC look 23.6 points short. 10.2 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. SMCC aims to return +2 times SMCI's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. SMCI moved at 86% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
SMCX in plain words
Three months to Sep 30, 2026: SMCX returned +73.0% where its own daily promise gave +86.9%, 13.9 points short. Read the multiple against the whole window instead and 2 times SMCI's 48.5% implies +97.1%, which makes SMCX look 24.1 points short. SMCX aims to return +2 times SMCI's move each day, then resets.
Questions people ask
- Which came closer to its stated multiple, SMCC or SMCX?
- Over the window to Sep 30, 2026, SMCC finished 23.6 points from what its multiple implies and SMCX finished 24.1 points from its own, so SMCC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are SMCC and SMCX levered on the same thing?
- Yes. Both are levered on Super Micro Computer, SMCC at +2 times and SMCX at +2 times the daily move.
- Which one decays faster, SMCC or SMCX?
- Decay follows how much the underlying moves about. Over this window SMCC’s moved at 86% annualized and SMCX’s at 86%, so SMCC has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold SMCC or SMCX for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.
ETFIQ, SMCC against SMCX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/smcc-vs-smcx
Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.
Cite this page. ETFIQ, SMCC against SMCX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/smcc-vs-smcx Free to use with attribution; the underlying files are at Open data.
Other forms
- Plain
- ETFIQ, SMCC against SMCX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/smcc-vs-smcx
- APA
- ETFIQ. (Sep 30, 2026). SMCC against SMCX. Retrieved from https://etfiq.com/compare/leverage/smcc-vs-smcx
- Markdown
- [SMCC against SMCX (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/leverage/smcc-vs-smcx)