IREZ vs. PLTZ

Last updated Jun 6, 2026

IREZ (Tradr 2X Short IREN Daily ETF) and PLTZ (Defiance Daily Target 2X Short PLTR ETF) are both Inverse Equities funds. IREZ is passively managed, while PLTZ is actively managed. At a 0.26 correlation, their price movements are largely independent. IREZ charges 1.49%/yr vs 1.29%/yr for PLTZ.

Performance

IREZ vs. PLTZ - Performance Comparison

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

Returns By Period

IREZ

• 1D: 24.06%
• 1M: -8.08%
• YTD: —
• 6M: —
• 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)

IREZ vs. PLTZ - Yearly Performance Comparison

	2026 (YTD)
IREZ Tradr 2X Short IREN Daily ETF	-75.26%
PLTZ Defiance Daily Target 2X Short PLTR ETF	1.87%

Correlation

The correlation between IREZ and PLTZ is 0.26, 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 Jan 23, 2026	0.26

Return for Risk

IREZ vs. PLTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Short IREN Daily ETF (IREZ) 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

	IREZ	PLTZ	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.45	-0.59	+0.13

Drawdowns

IREZ vs. PLTZ - Drawdown Comparison

The maximum IREZ drawdown since its inception was -87.43%, which is greater than PLTZ's maximum drawdown of -70.28%. Use the drawdown chart below to compare losses from any high point for IREZ and PLTZ.

Drawdown Indicators

	IREZ	PLTZ	Difference
Max Drawdown Largest peak-to-trough decline	-87.43%	-70.28%	-17.15%
Current Drawdown Current decline from peak	-81.65%	-59.38%	-22.27%
Average Drawdown Average peak-to-trough decline	-43.75%	-52.09%	+8.34%

Volatility

Volatility by Period

	IREZ	PLTZ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	216.02%	101.97%	+114.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	216.02%	101.97%	+114.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	216.02%	101.97%	+114.05%

IREZ vs. PLTZ - Expense Ratio Comparison

IREZ has a 1.49% expense ratio, which is higher than PLTZ's 1.29% expense ratio.

Dividends

IREZ vs. PLTZ - Dividend Comparison

Neither IREZ nor PLTZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IREZ and PLTZ in my portfolio?

IREZ and PLTZ have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IREZ 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, IREZ or PLTZ?

PLTZ is cheaper with a 1.29% expense ratio, compared with 1.49% for IREZ.

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

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

What is the main difference between IREZ and PLTZ?

They also come from different issuers: Tradr and Defiance. Their fees differ too: 1.49% for IREZ and 1.29% for PLTZ.