BMNZ vs. PLTZ

Last updated Jun 6, 2026

BMNZ (Defiance Daily Target 2X Short BMNR ETF) and PLTZ (Defiance Daily Target 2X Short PLTR ETF) are both Inverse Equities funds from Defiance. BMNZ is passively managed, while PLTZ is actively managed. At a 0.39 correlation, their price movements are largely independent. BMNZ charges 1.31%/yr vs 1.29%/yr for PLTZ.

Performance

BMNZ vs. PLTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Short BMNR ETF (BMNZ) and Defiance Daily Target 2X Short PLTR ETF (PLTZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BMNZ achieves a 1.13% return, which is significantly lower than PLTZ's 14.08% return.

BMNZ

• 1D: 22.76%
• 1M: 77.00%
• YTD: 1.13%
• 6M: 35.73%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PLTZ

• 1D: 8.60%
• 1M: -11.35%
• YTD: 14.08%
• 6M: 15.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BMNZ vs. PLTZ - Yearly Performance Comparison

	2026 (YTD)	2025
BMNZ Defiance Daily Target 2X Short BMNR ETF	1.13%	-0.49%
PLTZ Defiance Daily Target 2X Short PLTR ETF	14.08%	-11.97%

Correlation

The correlation between BMNZ and PLTZ is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 14, 2025	0.39

Return for Risk

BMNZ vs. PLTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short BMNR ETF (BMNZ) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BMNZ	PLTZ	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	-0.59	+0.59

Drawdowns

BMNZ vs. PLTZ - Drawdown Comparison

The maximum BMNZ drawdown since its inception was -70.80%, roughly equal to the maximum PLTZ drawdown of -70.28%. Use the drawdown chart below to compare losses from any high point for BMNZ and PLTZ.

Drawdown Indicators

	BMNZ	PLTZ	Difference
Max Drawdown Largest peak-to-trough decline	-70.80%	-70.28%	-0.52%
Current Drawdown Current decline from peak	-43.38%	-59.38%	+16.00%
Average Drawdown Average peak-to-trough decline	-51.56%	-52.09%	+0.53%

Volatility

Volatility by Period

	BMNZ	PLTZ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	190.13%	101.97%	+88.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	190.13%	101.97%	+88.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	190.13%	101.97%	+88.16%

BMNZ vs. PLTZ - Expense Ratio Comparison

BMNZ has a 1.31% expense ratio, which is higher than PLTZ's 1.29% expense ratio.

Dividends

BMNZ vs. PLTZ - Dividend Comparison

Neither BMNZ nor PLTZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BMNZ and PLTZ in my portfolio?

BMNZ and PLTZ have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BMNZ or PLTZ?

On fees, PLTZ is cheaper at 1.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BMNZ or PLTZ?

PLTZ is cheaper with a 1.29% expense ratio, compared with 1.31% for BMNZ.

Which ETF pays a higher dividend yield, BMNZ or PLTZ?

BMNZ and PLTZ have nearly identical dividend yields, around 0.00%.

What is the main difference between BMNZ and PLTZ?

Their fees differ too: 1.31% for BMNZ and 1.29% for PLTZ.