SMCX ETF — Defiance Daily Target 2X Long SMCI ETF

Defiance Daily Target 2X Long SMCI ETF (SMCX)

SMCX is an ETF that tracks the Super Micro Computer (SMCI). As of August 19, 2026, its distribution rate is 8.10%, its trailing-12-month yield is 8.10%, its expense ratio is 1.43%. Dividend Vision Distribution Safety Score™ is 37/100 (Elevated risk). Fund total return is -97.1% over the past 2 years, 57.1 points behind SMCI at -40.0%.

At the current 8.10% distribution rate, a $10,000 investment would generate approximately $810 per year, or $67.50 per month on an equivalent basis. Actual annual payments vary.

SMCX performance versus SMCI

Data as of August 19, 2026.

Fund total return is -97.1% over the past 2 years, 57.1 points behind SMCI at -40.0%. Its deepest 1-year drawdown was 94.8%.

SMCX key facts

Data as of August 19, 2026.

Distribution Safety Score™

37 · Elevated risk

Issuer

Defiance ETFs

Asset type

ETF

Asset class

Equity

Inception date

08/21/2024

Expense ratio

1.43%

Distribution rate

8.10%

Distribution frequency

Annual

Trailing yield

8.10%

30-day SEC yield

0.13%

Last close

$12.34

AUM

$238,108,685

Average volume

5886311.0

Last dividend

$1.0000

Ex-dividend date

12/30/2025

Payment date

12/31/2025

Beta

6.3912

How Dividend Vision calculates yield and returns

Distribution rate (8.10%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (8.10%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. The 30-day SEC yield (0.13%) is the SEC standardized figure when we have it. An issuer may publish a different SEC or TTM yield using another as-of date or share-class convention. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: Defiance ETFs fund page; Index: Super Micro Computer (SMCI); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

SMCX risks and drawbacks

Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SMCI over the available window. The deepest 1-year drawdown on record here is 94.8%.

Who may consider SMCX — and who may not

It is a weaker fit for investors who need monthly cash flow (SMCX pays annual); investors whose main goal is matching SMCI total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from Defiance ETFs.