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SMST
+35.32 · +77.31%
$81.00 · NASDAQ

Defiance Daily Target 1.5x Short MSTR ETF (SMST) ETF Analysis | Trading--Inverse Equity

Defiance ETFs LLC · USA
AUM:$35.3M
#– of – in Trading--Inverse Equity ETFs

Educational tool only – Figures are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

Down 61.0% over the past year, indicating meaningful price weakness.

What is SMST?

The fund advisor has adopted a policy to have at least 80% of its investment exposure to financial instruments with economic characteristics that should provide 2 times the inverse exposure to the daily performance of the underlying security.

Performance Highlights

Returns (%)
Cost & Yield (%)

Investment Breakdown

Negative 12-Month Return
SMST returned -61.0% over the past year, reflecting recent market conditions.
Broadly Diversified
Top 10 holdings represent just 3.7% of the ETF — exposure spread across many positions.
ETF Information
AUM$35.3M
Expense Ratio0.00%
Dividend Yield0.00%
Holdings1
Inception DateAug 2024
Domicile–
Distribution–
Index–
ProviderDefiance ETFs LLC
Beta–
CategoryTrading--Inverse Equity
CurrencyUSD
Portfolio Impact

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Example preview
6168
+7 points · better diversified

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Compare Equity
Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
-62.0%
1Y
-6.6%
3Y
-92.8%
5Y
-92.8%
OpenBook InsightIf you had invested £10,000 in SMST 5 years ago, it would have fallen to £718 — a loss of £9,282.

Annual Returns

Calendar year performance

SMST delivered positive returns in 0 of the last 3 calendar years.
YearSMST
2026 YTD-69.5%
2025-39.9%
2024-54.5%
CAGR 2yr-47.7%
0/3 positive yearsAvg return: -54.6%Worst year: -69.5% (2026)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: NEGATIVE
Trend Strength
0%
Negative
Volatility
158.0%
Very High
Momentum
-54.7%
30-day change
Support Level
22.96
Key floor
Key Insights
  • Price is currently below all major moving averages, indicating a weaker trend profile.
  • Momentum is downward with a 54.7% move over 30 days.
  • Elevated volatility indicates higher short-term price variability and risk.
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