PLTD vs. SEF

Last updated Apr 17, 2026

PLTD (Direxion Daily PLTR Bear 1X Shares) and SEF (ProShares Short Financials) are both Inverse Equities funds — PLTD tracks the Palantir Technologies Inc. (-100%) while SEF tracks the Dow Jones U.S. Financials Index (-100%). Both are passively managed. Over the past year, PLTD returned -46.69% vs -7.67% for SEF. At 0.34, their price movements are largely independent. PLTD charges 0.98%/yr vs 0.95%/yr for SEF.

Performance

PLTD vs. SEF - Performance Comparison

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

Returns By Period

In the year-to-date period, PLTD achieves a 16.59% return, which is significantly higher than SEF's 5.78% return.

PLTD

• 1D: -0.39%
• 1M: 5.98%
• YTD: 16.59%
• 6M: 12.76%
• 1Y: -46.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SEF

• 1D: 0.25%
• 1M: -5.02%
• YTD: 5.78%
• 6M: 0.60%
• 1Y: -7.67%
• 3Y*: -10.62%
• 5Y*: -7.06%
• 10Y*: -11.96%

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

PLTD vs. SEF - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PLTD Direxion Daily PLTR Bear 1X Shares	16.59%	-70.53%	-5.12%
SEF ProShares Short Financials	5.78%	-9.82%	2.94%

Correlation

The correlation between PLTD and SEF is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (All Time) Calculated using the full available price history since Dec 12, 2024	0.34

Return for Risk

PLTD vs. SEF — Risk / Return Rank

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

PLTD

PLTD Risk / Return Rank: 2
PLTD Sharpe Ratio Rank: 1
PLTD Sortino Ratio Rank: 1
PLTD Omega Ratio Rank: 2
PLTD Calmar Ratio Rank: 2
PLTD Martin Ratio Rank: 2

SEF

SEF Risk / Return Rank: 3
SEF Sharpe Ratio Rank: 3
SEF Sortino Ratio Rank: 2
SEF Omega Ratio Rank: 3
SEF Calmar Ratio Rank: 3
SEF Martin Ratio Rank: 4

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. SEF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily PLTR Bear 1X Shares (PLTD) and ProShares Short Financials (SEF). 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	SEF	Difference
Sharpe ratio Return per unit of total volatility	-0.88	-0.51	-0.38
Sortino ratio Return per unit of downside risk	-1.32	-0.65	-0.66
Omega ratio Gain probability vs. loss probability	0.85	0.93	-0.07
Calmar ratio Return relative to maximum drawdown	-0.78	-0.38	-0.40
Martin ratio Return relative to average drawdown	-1.00	-0.57	-0.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PLTD vs. SEF - Sharpe Ratio Comparison

The current PLTD Sharpe Ratio is -0.88, which is lower than the SEF Sharpe Ratio of -0.51. The chart below compares the historical Sharpe Ratios of PLTD and SEF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PLTD	SEF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.88	-0.51	-0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.39	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.89	-0.50	-0.39

Drawdowns

PLTD vs. SEF - Drawdown Comparison

The maximum PLTD drawdown since its inception was -77.34%, smaller than the maximum SEF drawdown of -96.51%. Use the drawdown chart below to compare losses from any high point for PLTD and SEF.

Drawdown Indicators

	PLTD	SEF	Difference
Max Drawdown Largest peak-to-trough decline	-77.34%	-96.51%	+19.17%
Max Drawdown (1Y) Largest decline over 1 year	-60.37%	-16.76%	-43.61%
Max Drawdown (5Y) Largest decline over 5 years	—	-41.62%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-75.66%	—
Current Drawdown Current decline from peak	-70.14%	-96.20%	+26.06%
Average Drawdown Average peak-to-trough decline	-58.39%	-82.62%	+24.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	47.14%	11.05%	+36.09%

Volatility

PLTD vs. SEF - Volatility Comparison

Direxion Daily PLTR Bear 1X Shares (PLTD) has a higher volatility of 17.67% compared to ProShares Short Financials (SEF) at 5.22%. This indicates that PLTD's price experiences larger fluctuations and is considered to be riskier than SEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PLTD	SEF	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.67%	5.22%	+12.45%
Volatility (6M) Calculated over the trailing 6-month period	37.67%	11.59%	+26.08%
Volatility (1Y) Calculated over the trailing 1-year period	53.58%	15.34%	+38.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.34%	18.03%	+46.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.34%	20.54%	+43.80%

PLTD vs. SEF - Expense Ratio Comparison

PLTD has a 0.98% expense ratio, which is higher than SEF's 0.95% expense ratio.

Dividends

PLTD vs. SEF - Dividend Comparison

PLTD's dividend yield for the trailing twelve months is around 3.17%, less than SEF's 3.44% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
PLTD Direxion Daily PLTR Bear 1X Shares	3.17%	5.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SEF ProShares Short Financials	3.44%	4.33%	5.72%	4.43%	0.39%	0.00%	0.12%	1.25%	0.41%