SMST ETF

$51.60

Fund Essentials - as of Apr 30, 2026

Net Assets
$24M
Expense Ratio
1.31%
Dividend Yield (Current)
-
Holdings
8
Inception Date
Aug 20, 2024
Fund Family
Defiance ETFs, LLC
Investment Style
PRO
Asset Class
PRO
Legal Structure
PRO
SEC 30-Day Yield
PRO

Performance

YTD-8.24%
1 Year+231.84%

Asset Allocation

Bonds: 20.47%
Cash: 279.55%

Price Chart (6M)

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Top Holdings

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TickerNameWeight
-Cash & Other273.25%
-Treasury Bill 0% May 21, 202620.46%
FGXXXFirst American Government Obligations Fund6.22%
-Strategy Inc Swap Marex-S-29.39%
-5 Year Us Treasury Note Future Mar26-36.99%
Top 10 Concentration: 99.97%Report Date: Apr 30, 2026
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Peer Comparison

Benchmark
PRO
Peer outperformance: PRO
Category rank: PRO
This ETF
PRO
Peer Avg
PRO
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Category rank, peer-average returns and outperformance, updated daily.
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SMST ETF Overview

SMST ETF (Defiance Daily Target 2X Short MSTR ETF) is managed by Defiance ETFs, LLC with $23.7M in net assets. SMST expense ratio is 1.31%, holding 8 positions across sectors including Other, Financials. Inception date: 2024-08-20.

SMST performance shows a YTD return of -8.24%. The 1-year return is 231.84%.

SMST top holdings include Cash & Other (273.3%), Treasury Bill 0% May 21, 2026 (20.5%), First American Government Obligations Fund (6.2%), Strategy Inc Swap Marex-S (-29.4%), 5 Year Us Treasury Note Future Mar26 (-37.0%). View all SMST holdings, sector breakdown, or dividend history.

SMST can be compared against other funds using the overlap calculator or side-by-side comparison tool. SMST alternatives are available via the screener, along with tax-loss harvesting opportunities.

1 Month
+154.33%
YTD
-8.24%
1 Year
+231.84%
3 Year
N/A

Top 10 Holdings (net short exposure of 194% (≈-2x))

#TickerNameSectorWeight
1-Cash & OtherOther273.25%
2-Treasury Bill 0% May 21, 2026Other20.46%
3FGXXXFirst American Government Obligations FundFinancials6.22%
4-Strategy Inc Swap Marex-SOther-29.39%
5-5 Year Us Treasury Note Future Mar26Other-36.99%
6-Strategy Inc Cs-SOther-37.98%
7-Strategy Inc Swap Bmo-SOther-38.91%
8-Strategy Inc Swap Jnst-SOther-56.69%