MSDD vs. PLTZ
MSDD (GraniteShares 2x Short MSTR Daily ETF) and PLTZ (Defiance Daily Target 2X Short PLTR ETF) are both Inverse Equities funds. Both are actively managed. Over the past year, MSDD returned 71.30% vs -40.65% for PLTZ. At a 0.38 correlation, their price movements are largely independent. MSDD charges 1.50%/yr vs 1.29%/yr for PLTZ.
Performance
MSDD vs. PLTZ - Performance Comparison
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Returns By Period
In the year-to-date period, MSDD achieves a -48.72% return, which is significantly lower than PLTZ's 42.40% return.
MSDD
- 1D
- 0.00%
- 1M
- 44.94%
- YTD
- -48.72%
- 6M
- -40.94%
- 1Y
- 71.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PLTZ
- 1D
- 14.09%
- 1M
- 17.24%
- YTD
- 42.40%
- 6M
- 68.34%
- 1Y
- -40.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSDD vs. PLTZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSDD GraniteShares 2x Short MSTR Daily ETF | -48.72% | 274.52% |
PLTZ Defiance Daily Target 2X Short PLTR ETF | 42.40% | -61.83% |
Correlation
The correlation between MSDD and PLTZ is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2025 | 0.38 |
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Return for Risk
MSDD vs. PLTZ — Risk / Return Rank
MSDD
PLTZ
MSDD vs. PLTZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Short MSTR Daily ETF (MSDD) 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.
| MSDD | PLTZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.00 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | -0.60 | +1.45 |
| Martin ratioReturn relative to average drawdown | 1.67 | -0.80 | +2.47 |
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Drawdowns
MSDD vs. PLTZ - Drawdown Comparison
The maximum MSDD drawdown since its inception was -84.91%, which is greater than PLTZ's maximum drawdown of -72.51%. Use the drawdown chart below to compare losses from any high point for MSDD and PLTZ.
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Drawdown Indicators
| MSDD | PLTZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.91% | -72.51% | -12.40% |
Max Drawdown (1Y)Largest decline over 1 year | -84.91% | -67.51% | -17.40% |
Current DrawdownCurrent decline from peak | -68.63% | -53.11% | -15.52% |
Average DrawdownAverage peak-to-trough decline | -31.11% | -55.66% | +24.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.92% | 50.94% | -8.02% |
Volatility
MSDD vs. PLTZ - Volatility Comparison
The current volatility for GraniteShares 2x Short MSTR Daily ETF (MSDD) is 32.23%, while Defiance Daily Target 2X Short PLTR ETF (PLTZ) has a volatility of 39.74%. This indicates that MSDD 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.
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Volatility by Period
| MSDD | PLTZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.23% | 39.74% | -7.51% |
Volatility (6M)Calculated over the trailing 6-month period | 124.69% | 77.07% | +47.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 141.22% | 103.03% | +38.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 139.12% | 102.06% | +37.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 139.12% | 102.06% | +37.06% |
MSDD vs. PLTZ - Expense Ratio Comparison
MSDD has a 1.50% expense ratio, which is higher than PLTZ's 1.29% expense ratio.
Dividends
MSDD vs. PLTZ - Dividend Comparison
Neither MSDD nor PLTZ has paid dividends to shareholders.
Frequently Asked Questions
MSDD and PLTZ have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLTZ has higher volatility (39.74%) compared to MSDD (32.23%). In terms of maximum drawdown, MSDD dropped -84.91% vs PLTZ's -72.51%.
On 1-year performance, MSDD leads with 71.30% vs -40.65% for PLTZ. On fees, PLTZ is cheaper at 1.29% per year. On volatility, MSDD has been the lower-risk option at 32.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MSDD has performed better with a 71.30% return vs -40.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PLTZ is cheaper with a 1.29% expense ratio, compared with 1.50% for MSDD.
MSDD and PLTZ have nearly identical dividend yields, around 0.00%.
They also come from different issuers: GraniteShares and Defiance. Their fees differ too: 1.50% for MSDD and 1.29% for PLTZ.
MSDD currently has the higher Sharpe Ratio (0.51 vs -0.40), 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.
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