Defiance Daily Target 2X Short RKLB ETF (RKLZ) belongs to the Inverse Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with RKLZ. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to RKLZ
RKLZ charges 1.29% annually. There are 57 ETFs in the Inverse Equities category with lower expense ratios, going as low as 0.50%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily S&P 500 Bear 1x Shares | 0.50% | 221.57M | Jun 2016 | RKLZ vs SPDN | |
| Direxion Daily Magnificent 7 Bear 1X Shares | 0.57% | 32.11M | Mar 2024 | RKLZ vs QQQD | |
| ProShares Decline of the Retail Store ETF | 0.66% | 3.03M | Nov 2017 | RKLZ vs EMTY | |
| Tradr Short Innovation Daily ETF | 0.75% | 47.36M | Nov 2021 | RKLZ vs SARK | |
| ProShares Short S&P500 | 0.89% | 1.09B | Jun 2006 | RKLZ vs SH |
Best Risk-Adjusted Alternatives to RKLZ
Among 66 ETFs in the Inverse Equities category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 63.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | 63 | 4.56M | Oct 2024 | RKLZ vs NFXS | |
| T-REX 2X Inverse MSTR Daily Target ETF | 62 | 92.68M | Sep 2024 | RKLZ vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | 53 | 33.15M | Aug 2024 | RKLZ vs SMST | |
| Direxion Daily MSFT Bear 1X Shares | 43 | 8.89M | Sep 2022 | RKLZ vs MSFD | |
| YieldMax Short COIN Option Income Strategy ETF | 30 | 34.27M | Jul 2024 | RKLZ vs FIAT |
Top Performing RKLZ Alternatives (YTD)
RKLZ is at -89.18% YTD. There are 75 ETFs in the Inverse Equities category with higher YTD returns, going as high as 74.06%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Defiance Daily Target 2X Short PLTR ETF | 74.06% | 16.93M | Jun 2025 | RKLZ vs PLTZ | |
| Direxion Daily PLTR Bear 1X Shares | 48.30% | 40.54M | Dec 2024 | RKLZ vs PLTD | |
| Direxion Daily MSFT Bear 1X Shares | 33.23% | 8.89M | Sep 2022 | RKLZ vs MSFD | |
| Defiance Daily Target 2X Short BMNR ETF | 29.97% | — | Nov 2025 | RKLZ vs BMNZ | |
| Direxion Daily NFLX Bear 1X Shares | 27.73% | 4.56M | Oct 2024 | RKLZ vs NFXS |
Lowest Volatility Alternatives to RKLZ
RKLZ has 207.29% 1-year volatility. There are 78 ETFs in the Inverse Equities category with lower 1-year volatility, going as low as 12.38%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Short Dow30 | 12.38% | 112.04M | Jun 2006 | RKLZ vs DOG | |
| ProShares Short S&P500 | 12.39% | 1.09B | Jun 2006 | RKLZ vs SH | |
| Direxion Daily S&P 500 Bear 1x Shares | 12.59% | 221.57M | Jun 2016 | RKLZ vs SPDN | |
| Direxion Daily BRKB Bear 1X Shares | 12.95% | 2.34M | Dec 2024 | RKLZ vs BRKD | |
| Gotham Short Strategies ETF | 13.53% | 12.30M | Jul 2017 | RKLZ vs SHRT |
Lowest Drawdown Alternatives to RKLZ
Among 66 ETFs in the Inverse Equities category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -9.34%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily BRKB Bear 1X Shares | -9.34% | 2.34M | Dec 2024 | RKLZ vs BRKD | |
| ProShares Short Financials | -11.14% | 14.07M | Jun 2008 | RKLZ vs SEF | |
| AdvisorShares Ranger Equity Bear ETF | -12.26% | 67.03M | Jan 2011 | RKLZ vs HDGE | |
| ProShares Short FTSE China 50 | -12.48% | 4.77M | Mar 2010 | RKLZ vs YXI | |
| ProShares Short Dow30 | -13.59% | 112.04M | Jun 2006 | RKLZ vs DOG |
Other ETFs from Defiance
The 10 most viewed Defiance ETFs shown here include QTUM, QQQY, MSTX and span 11 categories. AUM among these funds goes as high as $6B.
Often Compared With RKLZ
Investors most often compare RKLZ with FLYD, CARD, SVIX. These 6 comparison targets span 5 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| MicroSectors Travel -3X Inverse Leveraged ETNs | Inverse Equities | 2 | -30.35% | 5.33M | Jun 2022 | RKLZ vs FLYD | |
| Max Auto Industry -3X Inverse Leveraged ETN | Inverse Equities | 5 | 4.05% | 1.56M | Jun 2023 | RKLZ vs CARD | |
| -1x Short VIX Futures ETF | Volatility, Inverse Equities | 27 | -6.56% | 215.09M | Mar 2022 | RKLZ vs SVIX | |
| YieldMax Short N100 Option Income Strategy ETF | Derivative Income, Inverse Equities | 4 | -6.68% | 15.61M | Aug 2024 | RKLZ vs YQQQ | |
| -1x Short VIX Mid-Term Futures Strategy ETF | Inverse Equities | — | — | 12.30M | Apr 2023 | RKLZ vs ZIVB | |
| ProShares UltraPro Short S&P500 | S&P 500, Inverse Equities, Leveraged Equities | 1 | -20.11% | 417.54M | Jun 2009 | RKLZ vs SPXU |
Compare RKLZ with Any Fund or Stock
Compare RKLZ with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
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Pair RKLZ with funds that move differently
Defiance Daily Target 2X Short RKLB ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RKLZ.
Explore RKLZ Diversifiers