{"url":"https://etfiq.com/compare/leverage/smcc-vs-smcz","section":"compare","title":"SMCC vs SMCZ: which held to its multiple? | ETFIQ","description":"SMCC sets out to return +2 times SMCI each day and SMCZ -2 times. Over the three months to Sep 30, 2026 they finished \u221223.6 pts and +20.3 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, SMCC or SMCZ?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, SMCC finished 23.6 points from what its multiple implies and SMCZ finished 20.2 points from its own, so SMCZ came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are SMCC and SMCZ levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Super Micro Computer, SMCC at +2 times and SMCZ at -2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, SMCC or SMCZ?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window SMCC\u2019s moved at 86% annualized and SMCZ\u2019s at 86%, so SMCC has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold SMCC or SMCZ for a year?","acceptedAnswer":{"@type":"Answer","text":"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\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, SMCC or SMCZ?","acceptedAnswer":{"@type":"Answer","text":"SMCC charges 0.45% a year and SMCZ charges 1.55%, so SMCC is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"SMCC vs SMCZ","item":"https://etfiq.com/compare/leverage/smcc-vs-smcz"}]},{"@type":"WebPage","name":"SMCC vs SMCZ: which held to its multiple?","description":"SMCC sets out to return +2 times SMCI each day and SMCZ -2 times. Over the three months to Sep 30, 2026 they finished \u221223.6 pts and +20.3 pts away.","url":"https://etfiq.com/compare/leverage/smcc-vs-smcz","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, SMCC finished 13.5 points short and SMCZ 1.1 points short.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of SMCC and SMCZ","description":"SMCC sets out to return +2 times SMCI each day and SMCZ -2 times. Over the three months to Sep 30, 2026 they finished \u221223.6 pts and +20.3 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/smcc-vs-smcz","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":7160,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / SMCC vs SMCZ \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n SMCC vs SMCZ: which held to its multiple?\n\n Over three months against its own daily promise, SMCC finished 13.5 points short and SMCZ 1.1 points short.\n Copy this for sharing \n \n Corgi SMCI 2x Daily ETF and Defiance Daily Target 2X Short SMCI ETF.\n\n Download as PDF \n\n +73.4% SMCC returned, 3 months \n \u221276.8% SMCZ returned, 3 months \n \u221223.6 pts SMCC from its stated multiple \n +20.3 pts SMCZ from its stated multiple \n\n ETFIQ Decay Resistance Score: SMCZ scores higher\n Did i","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/smcc-vs-smcz","a":{"ticker":"SMCC","name":"Corgi SMCI 2x Daily ETF","issuer":"Corgi","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: SMCC returned +73.4% where its own daily promise gave +86.9%, 13.5 points short.","url":"https://etfiq.com/funds/smcc","key_facts":[{"label":"What SMCI did","value":"+48.5%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+86.9%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+73.4%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u221213.5 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$415,760","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.45%","as_of":"2026-09-30","source":"485BPOS XBRL, Jun 5, 2026"}]},"b":{"ticker":"SMCZ","name":"Defiance Daily Target 2X Short SMCI ETF","issuer":"Defiance","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: SMCZ returned \u221276.8% where its own daily promise gave \u221275.8%, 1.1 points short.","url":"https://etfiq.com/funds/smcz","key_facts":[{"label":"What SMCI did","value":"+48.5%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"\u221275.8%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221276.8%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22121.1 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$10m","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.55%","as_of":"2026-09-30","source":"485BPOS XBRL, Aug 26, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/smcc-vs-smcz"}