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SMCX ETF — Defiance Daily Target 2X Long SMCI ETF
Defiance Daily Target 2X Long SMCI ETF (SMCX)
Updated October 16, 2026.
Verdict as of October 17, 2026
SMCX's distribution is rated unproven by the Dividend Vision Distribution Safety Score™ (27/100, medium confidence). The latest recorded payment is $0.50 (ex-date December 30, 2025).
Sources: Defiance ETFs page for SMCX, Section 19a-1 notices, scoring methodology.
SMCX is an ETF linked to Super Micro Computer (SMCI). its trailing-12-month yield is 12.82%, its expense ratio is 1.32%. Dividend Vision Distribution Safety Score™ is 27/100 (Unproven). Total return is -98.2% over the past 2.2 years, 48.9 points behind SMCI at -49.3%.
Defiance Daily Target 2X Long SMCI is an actively managed ETF that seeks to deliver twice the daily percentage change of Super Micro Computer stock through the use of derivatives such as swap agreements and listed options contracts; it is non-diversified and focused on a single underlying security in the technology sector. The fund carries a modest current distribution rate with an annual distribution frequency, though its latest payout was special and may not recur regularly. The fund has an expense ratio of 1.32%.
SMCX dividend yield and income
Price as of 2026-10-16.
Trailing-12-month yield (12.82%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $1.00. The ex-dividend date is 12/30/2025. The payment date is 12/31/2025.
| Ex-date | As paid | Per current share | Change from previous payment |
|---|---|---|---|
| 2025-12-30 | $0.5 | $1 | — |
| 2025 total | — | $1 | — |
SMCX holdings and sector exposure
Holdings are not available for this snapshot.
Economic / reference exposure: SMCI (physical holdings below may be collateral and options, not the reference asset itself).
SMCX performance versus SMCI
Price and return data through 2026-10-16.
Total return is -98.2% over the past 2.2 years, 48.9 points behind SMCI at -49.3%. Over the past year its total return — price change plus distributions reinvested — is -91.4%. Its deepest 1-year drawdown was 94.0%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -31.2% | — |
| 3M | 27.9% | — |
| 6M | -39.2% | — |
| YTD | -65.8% | — |
| 1Y | -91.4% | — |
| 2Y CAGR | — | -86.00% |
| Since inception (2.2 years) | -98.2% | -84.50% |
SMCX key facts
- Distribution Safety Score™
- 27 · Unproven
- Issuer
- Defiance ETFs
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 08/21/2024
- Expense ratio
- 1.32%
- Distribution frequency
- Annual
- Trailing yield
- 12.82%
- Last close
- $7.80 (as of 2026-10-16)
- AUM
- $188,973,372
- Average volume
- 6008596.0
- Dividend
- $1.00
- Ex-dividend date
- 12/30/2025
- Payment date
- 12/31/2025
- Beta
- 6.3912
How Dividend Vision calculates yield and returns
Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (12.82%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Defiance ETFs or company 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 94.0%.
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.
More on SMCX
Frequently asked questions
Does SMCX pay monthly?
No. SMCX currently pays annual, not monthly.
What is SMCX linked to?
SMCX is linked to Super Micro Computer (SMCI), not a broad market index.
What is SMCX's expense ratio?
SMCX's expense ratio is 1.32%.
When does SMCX pay a dividend?
SMCX pays annual. The dividend amount is $1.00. The ex-dividend date is 12/30/2025. The payment date is 12/31/2025.
How has SMCX performed?
Total return is -98.2% over the past 2.2 years, 48.9 points behind SMCI at -49.3%. Over the past year its total return — price change plus distributions reinvested — is -91.4%. Its deepest 1-year drawdown was 94.0%.
Is SMCX a good investment?
SMCX's Dividend Vision Distribution Safety Score is 27 (Unproven). That is a risk signal, not investment advice. Compare peers below rather than treating any single figure as a buy or sell.
More securities from Defiance ETFs.
Tickers
Holdings as-of date unavailable.
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