- CUSIP
- 88636V835
- Issuer
- Defiance
- Inception Date
- Jun 5, 2025
- Category
- Inverse Equities
- Leveraged
- -2x
- Index Tracked
- No Index (Active)
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $17M
Share Price Chart
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Performance
PLTZ Performance Chart
Defiance Daily Target 2X Short PLTR ETF (PLTZ) is up 42.4% since the beginning of the year. PLTZ is currently trading at $35 per share.
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Returns By Period
Defiance Daily Target 2X Short PLTR ETF (PLTZ) has returned 42.40% so far this year and -40.65% over the past 12 months.
Defiance Daily Target 2X Short PLTR ETF
- 1D
- 14.09%
- 1M
- 17.24%
- YTD
- 42.40%
- 6M
- 68.34%
- 1Y
- -40.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PLTZ Monthly Returns History
Based on dividend-adjusted daily data since Jun 6, 2025, PLTZ's average daily return is -0.09%, while the average monthly return is -2.22%.
Historically, 38% of months were positive and 62% were negative. The best month was Jun 2026 with a return of +61.9%, while the worst month was Sep 2025 at -28.3%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 5 months.
On a daily basis, PLTZ closed higher 47% of trading days. The best single day was Feb 4, 2026 with a return of +23.2%, while the worst single day was May 29, 2026 at -18.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 40.86% | 2.58% | -18.37% | 2.91% | -27.52% | 61.85% | 42.40% | ||||||
| 2025 | -22.37% | -28.13% | -4.86% | -28.33% | -21.51% | 27.76% | -13.68% | -67.07% |
Benchmark Metrics
Defiance Daily Target 2X Short PLTR ETF has an annualized alpha of 81.66%, beta of -3.54, and R2 of 0.19 versus S&P 500 Index. Calculated based on daily prices since June 06, 2025.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -295.54%), but participation in market rallies was also limited (-140.13%) - a profile typical of counter-cyclical assets.
- Beta of -3.54 may look defensive, but with R2 of 0.19 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.19 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 81.66%
- Beta
- -3.54
- R²
- 0.19
- Upside Capture
- -140.13%
- Downside Capture
- -295.54%
Expense Ratio
PLTZ has a high expense ratio of 1.29%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
PLTZ ranks 6 for risk / return — in the bottom 6% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Defiance Daily Target 2X Short PLTR ETF (PLTZ) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PLTZ | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.43 | ||
| Sortino ratioReturn per unit of downside risk | -2.75 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.37 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | 2.78 | -3.39 |
| Martin ratioReturn relative to average drawdown | -0.80 | 12.44 | -13.24 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Defiance Daily Target 2X Short PLTR ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Defiance Daily Target 2X Short PLTR ETF was 72.51%, occurring on Jun 1, 2026. The portfolio has not yet recovered.
The current Defiance Daily Target 2X Short PLTR ETF drawdown is 53.11%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -72.51%Jun 2026 | 12mo | — | 1y 17dJun 2025 - now |
Drawdown Indicators
| PLTZ | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.51% | -56.78% | -15.73% |
Max Drawdown (1Y)Largest decline over 1 year | -67.51% | -9.10% | -58.41% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -53.11% | -1.80% | -51.31% |
Average DrawdownAverage peak-to-trough decline | -55.66% | -10.71% | -44.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.94% | 2.03% | +48.91% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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