PLTD vs. FPX
PLTD (Direxion Daily PLTR Bear 1X Shares) and FPX (First Trust US Equity Opportunities ETF) are both exchange-traded funds - PLTD is a Inverse Equities fund tracking the Palantir Technologies Inc. (-100%), while FPX is a Large Cap Growth Equities fund tracking the IPOX-100 U.S. Index. Both are passively managed. Over the past year, PLTD returned -22.19% vs 39.24% for FPX. At a correlation of -0.66, they often move in opposite directions. PLTD charges 0.98%/yr vs 0.57%/yr for FPX.
Performance
PLTD vs. FPX - Performance Comparison
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Returns By Period
In the year-to-date period, PLTD achieves a 13.23% return, which is significantly lower than FPX's 18.28% return.
PLTD
- 1D
- 6.63%
- 1M
- -0.00%
- YTD
- 13.23%
- 6M
- 11.78%
- 1Y
- -22.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FPX
- 1D
- -0.55%
- 1M
- 4.63%
- YTD
- 18.28%
- 6M
- 18.02%
- 1Y
- 39.24%
- 3Y*
- 32.32%
- 5Y*
- 10.31%
- 10Y*
- 14.65%
PLTD vs. FPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PLTD Direxion Daily PLTR Bear 1X Shares | 13.23% | -70.53% | -5.12% |
FPX First Trust US Equity Opportunities ETF | 18.28% | 37.62% | -5.36% |
Correlation
The correlation between PLTD and FPX is -0.57, 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 (1Y) Calculated over the trailing 1-year period | -0.57 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2024 | -0.66 |
The correlation between PLTD and FPX has been stable across timeframes, ranging from -0.66 to -0.57 - a consistent structural relationship.
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Return for Risk
PLTD vs. FPX — Risk / Return Rank
PLTD
FPX
PLTD vs. FPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily PLTR Bear 1X Shares (PLTD) and First Trust US Equity Opportunities ETF (FPX). 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.
| PLTD | FPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.14 | ||
| Sortino ratioReturn per unit of downside risk | -2.58 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.28 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 3.21 | -3.71 |
| Martin ratioReturn relative to average drawdown | -0.74 | 10.40 | -11.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PLTD | FPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.43 | 1.71 | -2.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.39 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.86 | 0.57 | -1.42 |
Drawdowns
PLTD vs. FPX - Drawdown Comparison
The maximum PLTD drawdown since its inception was -77.34%, which is greater than FPX's maximum drawdown of -56.29%. Use the drawdown chart below to compare losses from any high point for PLTD and FPX.
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Drawdown Indicators
| PLTD | FPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.34% | -56.29% | -21.05% |
Max Drawdown (1Y)Largest decline over 1 year | -44.79% | -12.28% | -32.51% |
Max Drawdown (3Y)Largest decline over 3 years | — | -30.88% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -43.14% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.14% | — |
Current DrawdownCurrent decline from peak | -71.01% | -0.83% | -70.18% |
Average DrawdownAverage peak-to-trough decline | -59.43% | -11.34% | -48.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.14% | 3.78% | +26.36% |
Volatility
PLTD vs. FPX - Volatility Comparison
Direxion Daily PLTR Bear 1X Shares (PLTD) has a higher volatility of 18.68% compared to First Trust US Equity Opportunities ETF (FPX) at 6.22%. This indicates that PLTD's price experiences larger fluctuations and is considered to be riskier than FPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLTD | FPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.68% | 6.22% | +12.46% |
Volatility (6M)Calculated over the trailing 6-month period | 38.02% | 17.11% | +20.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.79% | 23.10% | +28.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.73% | 26.49% | +37.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.73% | 24.28% | +39.45% |
PLTD vs. FPX - Expense Ratio Comparison
PLTD has a 0.98% expense ratio, which is higher than FPX's 0.57% expense ratio.
Dividends
PLTD vs. FPX - Dividend Comparison
PLTD's dividend yield for the trailing twelve months is around 3.26%, more than FPX's 0.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPX First Trust US Equity Opportunities ETF | 0.49% | 0.53% | 0.09% | 0.27% | 1.08% | 0.14% | 0.28% | 0.67% | 0.88% | 0.68% | 0.77% | 0.62% |
PLTD Direxion Daily PLTR Bear 1X Shares | 3.26% | 5.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PLTD and FPX have a correlation of -0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLTD has higher volatility (18.68%) compared to FPX (6.22%). In terms of maximum drawdown, PLTD dropped -77.34% vs FPX's -56.29%.
On 1-year performance, FPX leads with 39.24% vs -22.19% for PLTD. On fees, FPX is cheaper at 0.57% per year. On volatility, FPX has been the lower-risk option at 6.22%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FPX has performed better with a 39.24% return vs -22.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FPX is cheaper with a 0.57% expense ratio, compared with 0.98% for PLTD.
PLTD has the higher dividend yield at 3.26%, compared with 0.49% for FPX.
PLTD is categorized as Inverse Equities, while FPX is Large Cap Growth Equities. PLTD tracks Palantir Technologies Inc. (-100%), while FPX tracks IPOX-100 U.S. Index. They also come from different issuers: Direxion and First Trust. Their fees differ too: 0.98% for PLTD and 0.57% for FPX.
FPX currently has the higher Sharpe Ratio (1.71 vs -0.43), 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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