PLA vs. PEPS
PLA (GraniteShares Autocallable PLTR ETF) and PEPS (Parametric Equity Plus ETF) are both Derivative Income funds. Both are actively managed. A 0.62 correlation means they provide meaningful diversification when combined. PLA charges 1.07%/yr vs 0.10%/yr for PEPS.
Performance
PLA vs. PEPS - Performance Comparison
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Returns By Period
PLA
- 1D
- 1.29%
- 1M
- -7.63%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PEPS
- 1D
- 1.28%
- 1M
- -1.70%
- YTD
- 8.79%
- 6M
- 7.95%
- 1Y
- 24.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PLA vs. PEPS - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
PLA GraniteShares Autocallable PLTR ETF | -4.47% |
PEPS Parametric Equity Plus ETF | 1.89% |
Correlation
The correlation between PLA and PEPS is 0.62, 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 May 19, 2026 | 0.62 |
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Return for Risk
PLA vs. PEPS — Risk / Return Rank
PLA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PEPS
PLA vs. PEPS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares Autocallable PLTR ETF (PLA) and Parametric Equity Plus ETF (PEPS). 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.
| PLA | PEPS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.33 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.53 | — |
| Martin ratioReturn relative to average drawdown | — | 11.23 | — |
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Drawdowns
PLA vs. PEPS - Drawdown Comparison
The maximum PLA drawdown since its inception was -12.39%, smaller than the maximum PEPS drawdown of -21.26%. Use the drawdown chart below to compare losses from any high point for PLA and PEPS.
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Drawdown Indicators
| PLA | PEPS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.39% | -21.26% | +8.87% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.80% | — |
Current DrawdownCurrent decline from peak | -8.75% | -2.20% | -6.55% |
Average DrawdownAverage peak-to-trough decline | -4.45% | -2.75% | -1.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.21% | — |
Volatility
PLA vs. PEPS - Volatility Comparison
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Volatility by Period
| PLA | PEPS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.40% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.84% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 23.88% | 13.80% | +10.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.88% | 18.36% | +5.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.88% | 18.36% | +5.52% |
PLA vs. PEPS - Expense Ratio Comparison
PLA has a 1.07% expense ratio, which is higher than PEPS's 0.10% expense ratio.
Dividends
PLA vs. PEPS - Dividend Comparison
PLA's dividend yield for the trailing twelve months is around 1.79%, more than PEPS's 0.94% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
PEPS Parametric Equity Plus ETF | 0.94% | 1.00% | 0.17% |
PLA GraniteShares Autocallable PLTR ETF | 1.79% | 0.00% | 0.00% |
Frequently Asked Questions
PLA and PEPS have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PEPS is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PEPS is cheaper with a 0.10% expense ratio, compared with 1.07% for PLA.
PLA has the higher dividend yield at 1.79%, compared with 0.94% for PEPS.
They also come from different issuers: GraniteShares and Parametric. Their fees differ too: 1.07% for PLA and 0.10% for PEPS.
Find the right allocation for PLA and PEPS
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