Defiance Daily Target 2x Short MSTR ETFSMST

DefianceSingle-Stock Leverage#197 of 228 by YTD

$13.13

−10.0% last session

−85.9% YTD

Data as of 11/4/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Nov 3, 2025 – Nov 4, 2026SMSTS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	−10.0%	+14.1%	−76.1%	−85.9%	−65.7%	—	—	−99.3%
Peer average	−2.9%	−22.6%	−23.2%	−26.7%	−36.8%	+34.3%	—	—
S&P 500 · VOO	+1.6%	−1.6%	0.0%	+13.4%	+13.5%	+91.7%	+81.2%	—

Key Statistics

Open all fund facts →

AUM: $364K
Expense ratio: 1.38%
Distribution yield: 0.0%
NAV: $15.84
Volume: 1.3M
Avg. volume 30D: 1.6M
High today: $14.57
Low today: $12.40
Previous close: $14.59
52-week high: $154.16
52-week low: $10.70
Our risk indicator: 5/5

SMST in One Breath

SMST Among Single-Stock Leverage ETFs

YTD

#1DLLLGraniteShares+399.7%$113M

#2PBRGLeverageShares+316.4%$2.0M

#3MUUDirexion+286.1%$2.4B

#4MULLGraniteShares+271.9%$428M

#5OSCXDefiance+240.0%$7.5M

#6AMUUDirexion+209.8%$57.6M

#7AMDLGraniteShares+204.0%$746M

#8AMDGLeverageShares+200.8%$17.9M

#197SMSTDefiance−85.9%$364K

End-of-day Nov 5, 2026 · 228 Single-Stock Leverage ETFs by YTD

$10,000 in SMST

$10,000 in SMST became

$72

In the S&P 500 (VOO)

$14,054

Total return, dividends in · Aug 21, 2024 – Nov 4, 2026 · S&P 500 uses VOO

SMST Returns by Period

Today

YTD

MAX

SMST

−10.0%

+14.1%

−76.1%

−85.9%

−65.7%

—

−99.3%

Peer average

−2.9%

−22.6%

−23.2%

−26.7%

−36.8%

+34.3%

—

S&P 500 · VOO

+1.6%

−1.6%

0.0%

+13.4%

+13.5%

+91.7%

+81.2%

—

End-of-day Nov 5, 2026 · total return, dividends in · peers = 390 Single-Stock Leverage ETFs

SMST’s Single-Stock Leverage Rank

YTD

#197of 228
single-stock leverage ETFs

Best · DLLL+399.7%

Average−26.7%

SMST−85.9%

Worst · SMUP−99.5%

Single-Stock Leverage ETFs by YTD return · Nov 5, 2026

SMST Price and 52-Week Range

From the 52-week high

−91.5%

From the 52-week low

+22.7%

Today $12.40 – $14.57

Previous close $14.59

$13.13 now

52-week low$10.7052-week high$154.16

End-of-day Nov 5, 2026 · box = today’s range, dashed = previous close

SMST’s Size vs Its Peers

Today

$364K#374 by size of 391 single-stock leverage ETFs

AUM · SMST and the 5 largest peers · Nov 5, 2026

SMST Fee per $100 vs Peers

Today

$1.38a year
per $100

$138 a year on $10,000

TSLL$0.95

GGLL$0.96

MUU$1.01

SMST$1.38

SNXX$1.49

NVDL$1.65

Expense ratio · Single-Stock Leverage peers · Nov 5, 2026

Inside SMST

7 holdings

SMST

Defiance Daily Target 2x Short MSTR ETF

Today

SMST gets its 2× exposure through swaps and futures, so a list of holdings would not show what you own: […]

Defiance SMST · holdings

How It Compares

SMST

Defiance Daily Target 2x Short MSTR ETF’s Peers

YTD

		Trend
TSLL	DirexionRead Desk		0.95%	−44.5%	−51.5%	$3.7B
NVDL	GraniteSharesRead Desk		1.65%	−5.8%	−26.5%	$2.9B
MUU	DirexionRead Desk		1.01%	+286.1%	+418.3%	$2.4B
GGLL	DirexionRead Desk		0.96%	−28.9%	−16.1%	$1.0B
SNXX	TradrRead Desk	New fund	1.49%	new	new	$780M
SMST	DefianceThis fundRead Desk		1.38%	−85.9%	−65.7%	$364K

Single-Stock Leverage peers · YTD and past-year returns · as of Nov 5, 2026 · sorted by AUM

Head to Head

Put SMST head to head with TSLL →

TSLL vs SMST

YTD

TSLLDirexionSMSTDefiance

Year to date

−44.5%

−85.9%

TSLL wins+41.4 pts

Past year

−51.5%

−65.7%

TSLL wins+14.2 pts

Fee

0.95%

1.38%

TSLL winslower fee

Yield

9.3%

0.0%

TSLL wins+9.3 pts

AUM

$3.7B

$364K

TSLL10096.0× more

4–0TSLL wins

Direxion TSLL and Defiance SMST · year-to-date · as of Nov 5, 2026 · AUM not scored

SMST vs VOO

YTD

SMST · Defiance Daily Target 2x Short MSTR

−85.9%

VOO · S&P 500

+13.4%

Gap

99.2 pts

Defiance SMST and Vanguard VOO · YTD total return · as of Nov 5, 2026

SMST vs Its Peer Average

YTD

SMSTAvsBPeer average

1D−10.0%−2.9%

1M+14.1%−22.6%

3M−76.1%−23.2%

YTD−85.9%−26.7%

1Y−65.7%−36.8%

3Y[…]+34.3%

1–4Peer average wins

390 Single-Stock Leverage peers · each row scaled to its leader

The Details

SMST

Risk

5/5our risk indicator

CalmerBumpier

Volatility · 1Y177.18%

Deepest drop · 1Y−92.5%

Lowest point · 5Y−99.3%

52-week range

$13.13

$10.70−91.5% from the high$154.16

Defiance SMST · past-year price moves · as of Nov 5, 2026

SMST

Fund Facts

Today

2024launched Aug 20

Tracks[…]

Exchange · CUSIPNASDAQ · 88636V769

StructureETF

Leverage-2x

Cost on $10,000$138 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Defiance SMST · fund facts · as of Nov 5, 2026

SMST

Payouts by Year

Today

$0no payouts on record

SMST does not pay a distribution.

Distribution yield0.0%

Paid[…]

Latest ex-date · paid[…]

12 payouts added up[…]

Defiance SMST · distributions by ex-date

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-07-31 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2026-04-30 ↗SEC reported portfolio · 2026-01-31 ↗SEC reported portfolio · 2025-10-31 ↗

Trading & Liquidity

Net asset value$15.84

Premium / discount[…]

Median spread · 30D[…]

Volume today1.3M

Average volume · 30D1.6M

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio1.38%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$138.00

Our risk indicator5/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

No payouts on record: […]

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