Defiance Daily Technology Sector 2x Long ETF (SMCX)
NASDAQ (NMS) NASDAQ (NMS) Primary 
This 2x Super Micro ETF Just Soared 175% in One Month. The YTD Number Is Wilder.
If you put $10,000 into the Defiance Daily Target 2X Long SMCX ETF (NASDAQ:SMCX) on the morning of May 8, 2026, you were sitting on about $14,100 a month later.
SMCX Sank 67% in a Year While the Underlying Stock Rose 2%
A 2x daily leveraged ETF that owns nothing but swaps on a single AI server stock did what 2x daily leveraged ETFs on single AI server stocks do when the AI server trade breaks.
SMCX Could Go Parabolic Again if the AI Server Boom Still Has Another Leg
The math of a 2x daily reset leveraged ETF is unforgiving in a way that takes most investors a few painful months to fully appreciate.
SMCX: The High-Octane ETF That's Crushing (Or Crashing) Investors
SMCX offers 2x daily exposure to SMCI, but is only suitable for very short-term trading due to risk of value decay and compounding returns. Holding SMCX longer than a day can lead to significant performance skew and potential for amplified losses, as shown by its -88% decline since inception. SMCX provides strong liquidity for traders to actively manage positions on a daily basis with minimal exposure to additional cost-in/cost-out exposure.
ETF Splits Surge: What Does It Mean For Investors?
Something unusual came down the chimney late last year. During the holidays and the preceding weeks, there were a slew of splits among US ETFs – the most in the past four years, according to Wall Street Horizon's data.
