AAPD vs. PLTZ
AAPD (Direxion Daily AAPL Bear 1X Shares) and PLTZ (Defiance Daily Target 2X Short PLTR ETF) are both Inverse Equities funds. AAPD is passively managed, while PLTZ is actively managed. At a 0.06 correlation, their price movements are largely independent. AAPD charges 1.06%/yr vs 1.29%/yr for PLTZ.
Performance
AAPD vs. PLTZ - Performance Comparison
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Returns By Period
In the year-to-date period, AAPD achieves a -12.45% return, which is significantly lower than PLTZ's 4.28% return.
AAPD
- 1D
- 1.51%
- 1M
- -10.79%
- YTD
- -12.45%
- 6M
- -8.15%
- 1Y
- -33.84%
- 3Y*
- -16.24%
- 5Y*
- —
- 10Y*
- —
PLTZ
- 1D
- 13.03%
- 1M
- -4.65%
- YTD
- 4.28%
- 6M
- -1.19%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAPD vs. PLTZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AAPD Direxion Daily AAPL Bear 1X Shares | -12.45% | -24.23% |
PLTZ Defiance Daily Target 2X Short PLTR ETF | 4.28% | -64.39% |
Correlation
The correlation between AAPD and PLTZ is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 9, 2025 | 0.06 |
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Return for Risk
AAPD vs. PLTZ — Risk / Return Rank
AAPD
PLTZ
AAPD vs. PLTZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AAPL Bear 1X Shares (AAPD) and Defiance Daily Target 2X Short PLTR ETF (PLTZ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AAPD | PLTZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.74 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | — | — |
| Martin ratioReturn relative to average drawdown | -1.46 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AAPD | PLTZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.59 | -0.62 | +0.03 |
Drawdowns
AAPD vs. PLTZ - Drawdown Comparison
The maximum AAPD drawdown since its inception was -59.79%, smaller than the maximum PLTZ drawdown of -70.28%. Use the drawdown chart below to compare losses from any high point for AAPD and PLTZ.
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Drawdown Indicators
| AAPD | PLTZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.79% | -70.28% | +10.49% |
Max Drawdown (1Y)Largest decline over 1 year | -37.37% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -49.07% | — | — |
Current DrawdownCurrent decline from peak | -59.19% | -62.87% | +3.68% |
Average DrawdownAverage peak-to-trough decline | -34.19% | -52.02% | +17.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.16% | — | — |
Volatility
AAPD vs. PLTZ - Volatility Comparison
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Volatility by Period
| AAPD | PLTZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.47% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 16.01% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 22.36% | 101.99% | -79.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.02% | 101.99% | -74.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.02% | 101.99% | -74.97% |
AAPD vs. PLTZ - Expense Ratio Comparison
AAPD has a 1.06% expense ratio, which is lower than PLTZ's 1.29% expense ratio.
Dividends
AAPD vs. PLTZ - Dividend Comparison
AAPD's dividend yield for the trailing twelve months is around 3.84%, while PLTZ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AAPD Direxion Daily AAPL Bear 1X Shares | 3.84% | 3.60% | 4.55% | 4.37% | 0.53% |
PLTZ Defiance Daily Target 2X Short PLTR ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AAPD and PLTZ have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AAPD is cheaper at 1.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AAPD is cheaper with a 1.06% expense ratio, compared with 1.29% for PLTZ.
AAPD has the higher dividend yield at 3.84%, compared with 0.00% for PLTZ.
They also come from different issuers: Direxion and Defiance. Their fees differ too: 1.06% for AAPD and 1.29% for PLTZ.
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