SMCZ ETF — Defiance Daily Target 2X Short SMCI ETF

Defiance Daily Target 2X Short SMCI ETF (SMCZ)

SMCZ is an ETF linked to Super Micro Computer (SMCI). its trailing-12-month yield is 45.78%, its expense ratio is 1.55%. Total return is -98.3% over the past 1.5 years, 109.8 points behind SMCI at 11.5%.

SMCZ performance versus SMCI

Price and return data through 2026-09-18.

Total return is -98.3% over the past 1.5 years, 109.8 points behind SMCI at 11.5%. Over the past year its total return — price change plus distributions reinvested — is -92.5%. Its deepest 1-year drawdown was 96.0%.

SMCZ key facts

Issuer

Defiance ETFs

Asset type

ETF

Asset class

Equity

Inception date

03/31/2025

Expense ratio

1.55%

Distribution frequency

Annual

Trailing yield

45.78%

Last close

$5.16 (as of 2026-09-18)

NAV

$6.06

Premium / discount

14.85% discount

AUM

$3,076,764

Average volume

2609100.0

Next dividend

$1.1812

Next ex-dividend date

12/30/2026

Next payment date

12/31/2026

Beta

-6.8044

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) 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 (45.78%) 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. 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.

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.

SMCZ 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 96.0%.

Who may consider SMCZ — and who may not

It is a weaker fit for investors who need monthly cash flow (SMCZ pays annual); investors hunting double-digit covered-call yields; investors whose main goal is matching SMCI total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from Defiance ETFs.