PLT vs. FIAT
PLT (Defiance Leveraged Long + Income PLTR ETF) and FIAT (YieldMax Short COIN Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.29, they often move in opposite directions. PLT charges 1.51%/yr vs 0.99%/yr for FIAT.
Performance
PLT vs. FIAT - Performance Comparison
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Returns By Period
In the year-to-date period, PLT achieves a -11.99% return, which is significantly lower than FIAT's 13.84% return.
PLT
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- -11.99%
- 6M
- -11.81%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FIAT
- 1D
- 4.32%
- 1M
- 16.99%
- YTD
- 13.84%
- 6M
- 33.71%
- 1Y
- -0.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PLT vs. FIAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PLT Defiance Leveraged Long + Income PLTR ETF | -11.99% | 13.15% |
FIAT YieldMax Short COIN Option Income Strategy ETF | 13.84% | 17.95% |
Correlation
The correlation between PLT and FIAT is -0.29, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 20, 2025 | -0.29 |
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Return for Risk
PLT vs. FIAT — Risk / Return Rank
PLT
FIAT
PLT vs. FIAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Leveraged Long + Income PLTR ETF (PLT) and YieldMax Short COIN Option Income Strategy ETF (FIAT). 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
| PLT | FIAT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.00 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | -0.37 | +0.36 |
Drawdowns
PLT vs. FIAT - Drawdown Comparison
The maximum PLT drawdown since its inception was -43.74%, smaller than the maximum FIAT drawdown of -70.50%. Use the drawdown chart below to compare losses from any high point for PLT and FIAT.
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Drawdown Indicators
| PLT | FIAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.74% | -70.50% | +26.76% |
Max Drawdown (1Y)Largest decline over 1 year | — | -42.26% | — |
Current DrawdownCurrent decline from peak | -38.06% | -50.94% | +12.88% |
Average DrawdownAverage peak-to-trough decline | -25.60% | -45.35% | +19.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 27.32% | — |
Volatility
PLT vs. FIAT - Volatility Comparison
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Volatility by Period
| PLT | FIAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 15.34% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 42.03% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 60.67% | 55.49% | +5.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.67% | 60.56% | +0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.67% | 60.56% | +0.11% |
PLT vs. FIAT - Expense Ratio Comparison
PLT has a 1.51% expense ratio, which is higher than FIAT's 0.99% expense ratio.
Dividends
PLT vs. FIAT - Dividend Comparison
PLT's dividend yield for the trailing twelve months is around 38.02%, less than FIAT's 93.28% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FIAT YieldMax Short COIN Option Income Strategy ETF | 93.28% | 178.11% | 70.99% |
PLT Defiance Leveraged Long + Income PLTR ETF | 38.02% | 29.28% | 0.00% |
Frequently Asked Questions
PLT and FIAT have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FIAT is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FIAT is cheaper with a 0.99% expense ratio, compared with 1.51% for PLT.
FIAT has the higher dividend yield at 93.28%, compared with 38.02% for PLT.
They also come from different issuers: Defiance and YieldMax. Their fees differ too: 1.51% for PLT and 0.99% for FIAT.
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