See what your fund actually adds
Defiance Daily Target 2X Short TSM ETF STSM
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | STSM | Replication |
|---|---|---|
| Annualized growth | -80.5% | 43.3% |
| Annualized volatility | 57.1% | 18.1% |
| Sharpe ratio | -2.54 | 2.08 |
| Maximum drawdown | 75.5% | 12.4% |
| Replication fit (R²) | 0.15 · Tracking error 52.6% | |
Replication portfolio
The published portfolio below is the investable basket used to model STSM’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| BCI | Alternatives · Commodities | 100.0% |