DAMD vs. PLTZ
DAMD (Defiance Daily Target 2X Short AMD ETF) and PLTZ (Defiance Daily Target 2X Short PLTR ETF) are both Inverse Equities funds from Defiance. DAMD is passively managed, while PLTZ is actively managed. At a 0.20 correlation, their price movements are largely independent. DAMD charges 1.31%/yr vs 1.29%/yr for PLTZ.
Performance
DAMD vs. PLTZ - Performance Comparison
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Returns By Period
In the year-to-date period, DAMD achieves a -90.01% return, which is significantly lower than PLTZ's 14.08% return.
DAMD
- 1D
- 21.08%
- 1M
- -30.23%
- YTD
- -90.01%
- 6M
- -89.96%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PLTZ
- 1D
- 8.60%
- 1M
- -11.35%
- YTD
- 14.08%
- 6M
- 15.33%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DAMD vs. PLTZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DAMD Defiance Daily Target 2X Short AMD ETF | -90.01% | 22.15% |
PLTZ Defiance Daily Target 2X Short PLTR ETF | 14.08% | -9.92% |
Correlation
The correlation between DAMD and PLTZ is 0.20, 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 17, 2025 | 0.20 |
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Return for Risk
DAMD vs. PLTZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short AMD ETF (DAMD) 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.
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Sharpe Ratios by Period
| DAMD | PLTZ | Difference | |
|---|---|---|---|
Sharpe Ratio (All Time)Calculated using the full available price history | -0.71 | -0.59 | -0.12 |
Drawdowns
DAMD vs. PLTZ - Drawdown Comparison
The maximum DAMD drawdown since its inception was -93.52%, which is greater than PLTZ's maximum drawdown of -70.28%. Use the drawdown chart below to compare losses from any high point for DAMD and PLTZ.
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Drawdown Indicators
| DAMD | PLTZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.52% | -70.28% | -23.24% |
Current DrawdownCurrent decline from peak | -91.57% | -59.38% | -32.19% |
Average DrawdownAverage peak-to-trough decline | -39.60% | -52.09% | +12.49% |
Volatility
DAMD vs. PLTZ - Volatility Comparison
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Volatility by Period
| DAMD | PLTZ | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 138.28% | 101.97% | +36.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 138.28% | 101.97% | +36.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 138.28% | 101.97% | +36.31% |
DAMD vs. PLTZ - Expense Ratio Comparison
DAMD has a 1.31% expense ratio, which is higher than PLTZ's 1.29% expense ratio.
Dividends
DAMD vs. PLTZ - Dividend Comparison
Neither DAMD nor PLTZ has paid dividends to shareholders.
Frequently Asked Questions
DAMD and PLTZ have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
PLTZ is cheaper with a 1.29% expense ratio, compared with 1.31% for DAMD.
DAMD and PLTZ have nearly identical dividend yields, around 0.00%.
Their fees differ too: 1.31% for DAMD and 1.29% for PLTZ.
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