PLTD vs. PLTZ

Last updated Jun 25, 2026

PLTD (Direxion Daily PLTR Bear 1X Shares) and PLTZ (Defiance Daily Target 2X Short PLTR ETF) are both Inverse Equities funds. PLTD is passively managed, while PLTZ is actively managed. Over the past year, PLTD returned 5.29% vs -28.73% for PLTZ. With a 1.00 correlation, they move nearly in lockstep. PLTD charges 0.98%/yr vs 1.29%/yr for PLTZ.

Performance

PLTD vs. PLTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily PLTR Bear 1X Shares (PLTD) and Defiance Daily Target 2X Short PLTR ETF (PLTZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PLTD achieves a 40.92% return, which is significantly lower than PLTZ's 57.20% return.

PLTD

• 1D: 3.03%
• 1M: 17.18%
• YTD: 40.92%
• 6M: 54.26%
• 1Y: 5.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PLTZ

• 1D: 5.73%
• 1M: 29.43%
• YTD: 57.20%
• 6M: 86.28%
• 1Y: -28.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PLTD vs. PLTZ - Yearly Performance Comparison

	2026 (YTD)	2025
PLTD Direxion Daily PLTR Bear 1X Shares	40.92%	-37.62%
PLTZ Defiance Daily Target 2X Short PLTR ETF	57.20%	-67.07%

Correlation

The correlation between PLTD and PLTZ is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jun 6, 2025	1.00

The correlation between PLTD and PLTZ has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

PLTD vs. PLTZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PLTD

PLTD Risk / Return Rank: 11
PLTD Sharpe Ratio Rank: 10
PLTD Sortino Ratio Rank: 12
PLTD Omega Ratio Rank: 12
PLTD Calmar Ratio Rank: 11
PLTD Martin Ratio Rank: 10

PLTZ

PLTZ Risk / Return Rank: 8
PLTZ Sharpe Ratio Rank: 7
PLTZ Sortino Ratio Rank: 10
PLTZ Omega Ratio Rank: 10
PLTZ Calmar Ratio Rank: 6
PLTZ Martin Ratio Rank: 7

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PLTD vs. PLTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily PLTR Bear 1X Shares (PLTD) 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.

	PLTD	PLTZ	Difference
Sharpe ratio: Return per unit of total volatility	0.10	-0.28	+0.38
Sortino ratio: Return per unit of downside risk	0.54	0.27	+0.27
Omega ratio: Gain probability vs. loss probability	1.06	1.03	+0.03
Calmar ratio: Return relative to maximum drawdown	0.14	-0.43	+0.56
Martin ratio: Return relative to average drawdown	0.22	-0.56	+0.79

PLTD vs. PLTZ - Sharpe Ratio Comparison

The current PLTD Sharpe Ratio is 0.10, which is higher than the PLTZ Sharpe Ratio of -0.28. The chart below compares the historical Sharpe Ratios of PLTD and PLTZ, 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. PLTZ - Drawdown Comparison

The maximum PLTD drawdown since its inception was -77.34%, which is greater than PLTZ's maximum drawdown of -72.51%. Use the drawdown chart below to compare losses from any high point for PLTD and PLTZ.

Drawdown Indicators

	PLTD	PLTZ	Difference
Max Drawdown Largest peak-to-trough decline	-77.34%	-72.51%	-4.83%
Max Drawdown (1Y) Largest decline over 1 year	-39.15%	-67.51%	+28.36%
Current Drawdown Current decline from peak	-63.91%	-48.23%	-15.68%
Average Drawdown Average peak-to-trough decline	-59.60%	-55.61%	-3.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.83%	51.06%	-27.23%

Volatility

PLTD vs. PLTZ - Volatility Comparison

The current volatility for Direxion Daily PLTR Bear 1X Shares (PLTD) is 19.73%, while Defiance Daily Target 2X Short PLTR ETF (PLTZ) has a volatility of 40.13%. This indicates that PLTD 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.

Volatility by Period

	PLTD	PLTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.73%	40.13%	-20.40%
Volatility (6M) Calculated over the trailing 6-month period	38.05%	76.10%	-38.05%
Volatility (1Y) Calculated over the trailing 1-year period	51.69%	103.02%	-51.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.24%	101.93%	-38.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.24%	101.93%	-38.69%

PLTD vs. PLTZ - Expense Ratio Comparison

PLTD has a 0.98% expense ratio, which is lower than PLTZ's 1.29% expense ratio.

Dividends

PLTD vs. PLTZ - Dividend Comparison

PLTD's dividend yield for the trailing twelve months is around 2.49%, while PLTZ has not paid dividends to shareholders.

Position	TTM	2025
PLTD Direxion Daily PLTR Bear 1X Shares	2.49%	5.17%
PLTZ Defiance Daily Target 2X Short PLTR ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both PLTD and PLTZ in my portfolio?

With a correlation of 1.00, PLTD and PLTZ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PLTD or PLTZ?

PLTZ has higher volatility (40.13%) compared to PLTD (19.73%). In terms of maximum drawdown, PLTD dropped -77.34% vs PLTZ's -72.51%.

Which ETF is better, PLTD or PLTZ?

On 1-year performance, PLTD leads with 5.29% vs -28.73% for PLTZ. On fees, PLTD is cheaper at 0.98% per year. On volatility, PLTD has been the lower-risk option at 19.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PLTD or PLTZ?

Over the 1-year period, PLTD has performed better with a 5.29% return vs -28.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PLTD or PLTZ?

PLTD is cheaper with a 0.98% expense ratio, compared with 1.29% for PLTZ.

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

PLTD has the higher dividend yield at 2.49%, compared with 0.00% for PLTZ.

What is the main difference between PLTD and PLTZ?

They also come from different issuers: Direxion and Defiance. Their fees differ too: 0.98% for PLTD and 1.29% for PLTZ.

Which has better risk-adjusted returns?

PLTD currently has the higher Sharpe Ratio (0.10 vs -0.28), 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.