PLTD vs. CRSH

Last updated Aug 1, 2026

PLTD (Direxion Daily PLTR Bear 1X Shares) and CRSH (YieldMax Short TSLA Option Income Strategy ETF) are both exchange-traded funds - PLTD is a Inverse Equities fund tracking the Palantir Technologies Inc. (-100%), while CRSH is a Derivative Income fund actively managed by YieldMax. PLTD is passively managed, while CRSH is actively managed. Over the past year, PLTD returned 3.22% vs -6.08% for CRSH. Their 0.38 correlation means their historical movements had little consistent relationship. PLTD charges 0.98%/yr vs 0.99%/yr for CRSH.

Performance

PLTD vs. CRSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily PLTR Bear 1X Shares (PLTD) and YieldMax Short TSLA Option Income Strategy ETF (CRSH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with PLTD having a 26.78% return and CRSH slightly lower at 26.66%.

PLTD

• 1D: -0.72%
• 1M: 3.64%
• 6M: 5.36%
• YTD: 26.78%
• 1Y: 3.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -46.97%

CRSH

• 1D: -0.93%
• 1M: 17.65%
• 6M: 21.15%
• YTD: 26.66%
• 1Y: -6.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -25.14%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CRSH YieldMax Short TSLA Option Income Strategy ETF	$424.74K	$328.09K	$368.71K
PLTD Direxion Daily PLTR Bear 1X Shares	$308.34M	$340.03M	$346.45M

PLTD vs. CRSH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PLTD Direxion Daily PLTR Bear 1X Shares	26.78%	-70.53%	-5.12%
CRSH YieldMax Short TSLA Option Income Strategy ETF	26.66%	-13.40%	-4.00%

Correlation

The correlation between PLTD and CRSH is 0.31, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.31
Correlation (All Time) Calculated using the full available price history since Dec 11, 2024	0.38

Return for Risk

PLTD vs. CRSH — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PLTD

PLTD Risk / Return Rank: 15
PLTD Sharpe Ratio Rank: 14
PLTD Sortino Ratio Rank: 18
PLTD Omega Ratio Rank: 17
PLTD Calmar Ratio Rank: 15
PLTD Martin Ratio Rank: 14

CRSH

CRSH Risk / Return Rank: 9
CRSH Sharpe Ratio Rank: 9
CRSH Sortino Ratio Rank: 10
CRSH Omega Ratio Rank: 10
CRSH Calmar Ratio Rank: 8
CRSH Martin Ratio Rank: 9

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PLTD vs. CRSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily PLTR Bear 1X Shares (PLTD) and YieldMax Short TSLA Option Income Strategy ETF (CRSH). 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.

	PLTD	CRSH	Difference
Sharpe ratio: Return per unit of total volatility	0.12	-0.14	+0.26
Sortino ratio: Return per unit of downside risk	0.56	0.05	+0.51
Omega ratio: Gain probability vs. loss probability	1.07	1.01	+0.06
Calmar ratio: Return relative to maximum drawdown	0.22	-0.17	+0.39
Martin ratio: Return relative to average drawdown	0.42	-0.26	+0.68

PLTD vs. CRSH - Sharpe Ratio Comparison

The current PLTD Sharpe Ratio is 0.12, which is higher than the CRSH Sharpe Ratio of -0.14. The chart below compares the historical Sharpe Ratios of PLTD and CRSH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PLTD vs. CRSH - Drawdown Comparison

The maximum PLTD drawdown since its inception was -77.34%, which is greater than CRSH's maximum drawdown of -63.68%. Use the drawdown chart below to compare losses from any high point for PLTD and CRSH.

Drawdown Indicators

	PLTD	CRSH	Difference
Max Drawdown Largest peak-to-trough decline	-77.34%	-63.68%	-13.66%
Max Drawdown (1Y) Largest decline over 1 year	-27.95%	-31.54%	+3.59%
Current Drawdown Current decline from peak	-67.53%	-50.17%	-17.36%
Average Drawdown Average peak-to-trough decline	-60.13%	-43.98%	-16.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.70%	20.47%	-5.77%

Volatility

PLTD vs. CRSH - Volatility Comparison

Direxion Daily PLTR Bear 1X Shares (PLTD) and YieldMax Short TSLA Option Income Strategy ETF (CRSH) have volatilities of 13.69% and 14.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PLTD	CRSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.69%	14.23%	-0.54%
Volatility (6M) Calculated over the trailing 6-month period	40.22%	26.57%	+13.65%
Volatility (1Y) Calculated over the trailing 1-year period	52.47%	36.89%	+15.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.67%	47.50%	+15.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.67%	47.50%	+15.17%

PLTD vs. CRSH - Expense Ratio Comparison

PLTD has a 0.98% expense ratio, which is lower than CRSH's 0.99% expense ratio.

Dividends

PLTD vs. CRSH - Dividend Comparison

PLTD's dividend yield for the trailing twelve months is around 2.76%, less than CRSH's 75.02% yield.

Position	TTM	2025	2024
CRSH YieldMax Short TSLA Option Income Strategy ETF	75.02%	138.78%	94.25%
PLTD Direxion Daily PLTR Bear 1X Shares	2.76%	5.17%	0.00%

Frequently Asked Questions

Can I hold both PLTD and CRSH in my portfolio?

PLTD and CRSH have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PLTD or CRSH?

CRSH has higher volatility (14.23%) compared to PLTD (13.69%). In terms of maximum drawdown, PLTD dropped -77.34% vs CRSH's -63.68%.

Which ETF is better, PLTD or CRSH?

On 1-year performance, PLTD leads with 3.22% vs -6.08% for CRSH. On fees, PLTD is cheaper at 0.98% per year. On volatility, PLTD has been the lower-risk option at 13.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PLTD or CRSH?

Over the 1-year period, PLTD has performed better with a 3.22% return vs -6.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PLTD or CRSH?

PLTD is cheaper with a 0.98% expense ratio, compared with 0.99% for CRSH.

Which ETF pays a higher dividend yield, PLTD or CRSH?

CRSH has the higher dividend yield at 75.02%, compared with 2.76% for PLTD.

What is the main difference between PLTD and CRSH?

PLTD is categorized as Inverse Equities, while CRSH is Derivative Income. They also come from different issuers: Direxion and YieldMax. Their fees differ too: 0.98% for PLTD and 0.99% for CRSH.

Which has better risk-adjusted returns?

PLTD currently has the higher Sharpe Ratio (0.12 vs -0.14), 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.