CARD vs. PLTZ

Last updated Jun 24, 2026

CARD (Max Auto Industry -3X Inverse Leveraged ETN) and PLTZ (Defiance Daily Target 2X Short PLTR ETF) are both Inverse Equities funds. CARD is passively managed, while PLTZ is actively managed. Over the past year, CARD returned -30.65% vs -35.88% for PLTZ. At a 0.30 correlation, their price movements are largely independent. CARD charges 0.95%/yr vs 1.29%/yr for PLTZ.

Performance

CARD vs. PLTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Max Auto Industry -3X Inverse Leveraged ETN (CARD) 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, CARD achieves a 5.96% return, which is significantly lower than PLTZ's 48.68% return.

CARD

• 1D: 2.92%
• 1M: 3.56%
• YTD: 5.96%
• 6M: 16.67%
• 1Y: -30.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PLTZ

• 1D: 4.41%
• 1M: 22.41%
• YTD: 48.68%
• 6M: 76.10%
• 1Y: -35.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CARD vs. PLTZ - Yearly Performance Comparison

	2026 (YTD)	2025
CARD Max Auto Industry -3X Inverse Leveraged ETN	5.96%	-39.38%
PLTZ Defiance Daily Target 2X Short PLTR ETF	48.68%	-67.07%

Correlation

The correlation between CARD and PLTZ is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (All Time) Calculated using the full available price history since Jun 6, 2025	0.30

Return for Risk

CARD vs. PLTZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CARD

CARD Risk / Return Rank: 5
CARD Sharpe Ratio Rank: 5
CARD Sortino Ratio Rank: 6
CARD Omega Ratio Rank: 6
CARD Calmar Ratio Rank: 3
CARD Martin Ratio Rank: 4

PLTZ

PLTZ Risk / Return Rank: 7
PLTZ Sharpe Ratio Rank: 6
PLTZ Sortino Ratio Rank: 8
PLTZ Omega Ratio Rank: 8
PLTZ Calmar Ratio Rank: 4
PLTZ Martin Ratio Rank: 6

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CARD vs. PLTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Max Auto Industry -3X Inverse Leveraged ETN (CARD) 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.

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.

	CARD	PLTZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.44	-0.35	-0.09
Sortino ratio: Return per unit of downside risk	-0.25	0.11	-0.36
Omega ratio: Gain probability vs. loss probability	0.97	1.01	-0.04
Calmar ratio: Return relative to maximum drawdown	-0.66	-0.53	-0.13
Martin ratio: Return relative to average drawdown	-0.97	-0.70	-0.27

CARD vs. PLTZ - Sharpe Ratio Comparison

The current CARD Sharpe Ratio is -0.44, which is comparable to the PLTZ Sharpe Ratio of -0.35. The chart below compares the historical Sharpe Ratios of CARD and PLTZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CARD vs. PLTZ - Drawdown Comparison

The maximum CARD drawdown since its inception was -93.51%, which is greater than PLTZ's maximum drawdown of -72.51%. Use the drawdown chart below to compare losses from any high point for CARD and PLTZ.

Drawdown Indicators

	CARD	PLTZ	Difference
Max Drawdown Largest peak-to-trough decline	-93.51%	-72.51%	-21.00%
Max Drawdown (1Y) Largest decline over 1 year	-46.42%	-67.51%	+21.09%
Current Drawdown Current decline from peak	-92.04%	-51.04%	-41.00%
Average Drawdown Average peak-to-trough decline	-68.71%	-55.64%	-13.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.50%	51.01%	-19.51%

Volatility

CARD vs. PLTZ - Volatility Comparison

The current volatility for Max Auto Industry -3X Inverse Leveraged ETN (CARD) is 24.36%, while Defiance Daily Target 2X Short PLTR ETF (PLTZ) has a volatility of 39.87%. This indicates that CARD experiences smaller price fluctuations and is considered to be less risky than PLTZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CARD	PLTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.36%	39.87%	-15.51%
Volatility (6M) Calculated over the trailing 6-month period	52.63%	76.47%	-23.84%
Volatility (1Y) Calculated over the trailing 1-year period	70.25%	102.92%	-32.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	80.74%	101.96%	-21.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	80.74%	101.96%	-21.22%

CARD vs. PLTZ - Expense Ratio Comparison

CARD has a 0.95% expense ratio, which is lower than PLTZ's 1.29% expense ratio.

Dividends

CARD vs. PLTZ - Dividend Comparison

Neither CARD nor PLTZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CARD and PLTZ in my portfolio?

CARD and PLTZ have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CARD or PLTZ?

PLTZ has higher volatility (39.87%) compared to CARD (24.36%). In terms of maximum drawdown, CARD dropped -93.51% vs PLTZ's -72.51%.

Which ETF is better, CARD or PLTZ?

On 1-year performance, CARD leads with -30.65% vs -35.88% for PLTZ. On fees, CARD is cheaper at 0.95% per year. On volatility, CARD has been the lower-risk option at 24.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CARD or PLTZ?

Over the 1-year period, CARD has performed better with a -30.65% return vs -35.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CARD or PLTZ?

CARD is cheaper with a 0.95% expense ratio, compared with 1.29% for PLTZ.

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

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

What is the main difference between CARD and PLTZ?

They also come from different issuers: Max and Defiance. Their fees differ too: 0.95% for CARD and 1.29% for PLTZ.

Which has better risk-adjusted returns?

PLTZ currently has the higher Sharpe Ratio (-0.35 vs -0.44), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.