{"url":"https://etfiq.com/compare/leverage/smrx-vs-smz","section":"compare","title":"SMRX vs SMZ: which held to its multiple? | ETFIQ","description":"SMRX sets out to return +2 times SMR each day and SMZ -2 times. Over the month to Sep 30, 2026 they finished \u22124.8 pts and \u221223.7 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, SMRX or SMZ?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, SMRX finished 4.8 points from what its multiple implies and SMZ finished 60.2 points from its own, so SMRX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are SMRX and SMZ levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on NuScale Power, SMRX at +2 times and SMZ at -2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, SMRX or SMZ?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window SMRX\u2019s moved at 97% annualized and SMZ\u2019s at 89%, so SMRX has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold SMRX or SMZ 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, SMRX or SMZ?","acceptedAnswer":{"@type":"Answer","text":"SMRX charges 0.45% a year and SMZ charges 1.49%, so SMRX 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":"SMRX vs SMZ","item":"https://etfiq.com/compare/leverage/smrx-vs-smz"}]},{"@type":"WebPage","name":"SMRX vs SMZ: which held to its multiple?","description":"SMRX sets out to return +2 times SMR each day and SMZ -2 times. Over the month to Sep 30, 2026 they finished \u22124.8 pts and \u221223.7 pts away.","url":"https://etfiq.com/compare/leverage/smrx-vs-smz","dateModified":"2026-09-30","abstract":"Over a month against its own daily promise, SMRX finished 1.1 points short and SMZ 2.1 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 SMRX and SMZ","description":"SMRX sets out to return +2 times SMR each day and SMZ -2 times. Over the month to Sep 30, 2026 they finished \u22124.8 pts and \u221223.7 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/smrx-vs-smz","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":6360,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / SMRX vs SMZ \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n SMRX vs SMZ: which held to its multiple?\n\n Over a month against its own daily promise, SMRX finished 1.1 points short and SMZ 2.1 points short.\n Copy this for sharing \n \n Corgi SMR 2x Daily ETF and Tradr 2X Short SMR Daily ETF.\n\n Download as PDF \n\n \u221238.7% SMRX returned, since launch \n \u221215.9% SMZ returned, 3 months \n \u221213.5 pts SMRX from its stated multiple \n \u221260.2 pts SMZ from its stated multiple \n\n SMRX 4.8 pts short of its stated multiple \u00b7 1 month to Sep 30, 2026 [SMRX ","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/smrx-vs-smz","a":{"ticker":"SMRX","name":"Corgi SMR 2x Daily ETF","issuer":"Corgi","desk":"leverage","as_of":"2026-09-30","verdict":"One month to Sep 30, 2026: SMRX returned \u221234.4% where its own daily promise gave \u221233.3%, 1.1 points short.","url":"https://etfiq.com/funds/smrx","key_facts":[{"label":"What SMR did","value":"\u221214.8%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221233.3%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221234.4%","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":"$230,697","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":"SMZ","name":"Tradr 2X Short SMR Daily ETF","issuer":"Tradr","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: SMZ returned \u221215.9% where its own daily promise gave \u221210.2%, 5.6 points short.","url":"https://etfiq.com/funds/smz","key_facts":[{"label":"What SMR did","value":"\u221222.2%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"\u221210.2%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221215.9%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22125.6 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$752,915","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.49%","as_of":"2026-09-30","source":"485BPOS XBRL, Jan 20, 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/smrx-vs-smz"}