DAMD vs. SHRT
DAMD (Defiance Daily Target 2X Short AMD ETF) and SHRT (Gotham Short Strategies ETF) are both Inverse Equities funds. DAMD is passively managed, while SHRT is actively managed. A 0.53 correlation means they provide meaningful diversification when combined. DAMD charges 1.31%/yr vs 1.35%/yr for SHRT.
Performance
DAMD vs. SHRT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DAMD achieves a -90.01% return, which is significantly lower than SHRT's -15.80% return.
DAMD
- 1D
- 21.08%
- 1M
- -30.23%
- YTD
- -90.01%
- 6M
- -89.96%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHRT
- 1D
- 1.63%
- 1M
- -1.51%
- YTD
- -15.80%
- 6M
- -14.56%
- 1Y
- -19.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DAMD vs. SHRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DAMD Defiance Daily Target 2X Short AMD ETF | -90.01% | 22.15% |
SHRT Gotham Short Strategies ETF | -15.80% | 1.67% |
Correlation
The correlation between DAMD and SHRT is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | 0.53 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DAMD vs. SHRT — Risk / Return Rank
DAMD
SHRT
DAMD vs. SHRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short AMD ETF (DAMD) and Gotham Short Strategies ETF (SHRT). 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.
Loading charts...
Sharpe Ratios by Period
| DAMD | SHRT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -1.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.71 | -0.74 | +0.03 |
Drawdowns
DAMD vs. SHRT - Drawdown Comparison
The maximum DAMD drawdown since its inception was -93.52%, which is greater than SHRT's maximum drawdown of -25.98%. Use the drawdown chart below to compare losses from any high point for DAMD and SHRT.
Loading charts...
Drawdown Indicators
| DAMD | SHRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.52% | -25.98% | -67.54% |
Max Drawdown (1Y)Largest decline over 1 year | — | -22.73% | — |
Current DrawdownCurrent decline from peak | -91.57% | -24.49% | -67.08% |
Average DrawdownAverage peak-to-trough decline | -39.60% | -8.17% | -31.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 10.58% | — |
Volatility
DAMD vs. SHRT - Volatility Comparison
Loading charts...
Volatility by Period
| DAMD | SHRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.55% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.06% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 138.28% | 13.16% | +125.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 138.28% | 12.80% | +125.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 138.28% | 12.80% | +125.48% |
DAMD vs. SHRT - Expense Ratio Comparison
DAMD has a 1.31% expense ratio, which is lower than SHRT's 1.35% expense ratio.
Dividends
DAMD vs. SHRT - Dividend Comparison
DAMD has not paid dividends to shareholders, while SHRT's dividend yield for the trailing twelve months is around 0.08%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
DAMD Defiance Daily Target 2X Short AMD ETF | 0.00% | 0.00% | 0.00% | 0.00% |
SHRT Gotham Short Strategies ETF | 0.08% | 0.07% | 0.85% | 0.27% |
Frequently Asked Questions
DAMD and SHRT have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DAMD is cheaper at 1.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DAMD is cheaper with a 1.31% expense ratio, compared with 1.35% for SHRT.
SHRT has the higher dividend yield at 0.08%, compared with 0.00% for DAMD.
They also come from different issuers: Defiance and Gotham. Their fees differ too: 1.31% for DAMD and 1.35% for SHRT.
Find the right allocation for DAMD and SHRT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer