PLTY vs. PLT

Last updated Jun 3, 2026

PLTY (YieldMax PLTR Option Income Strategy ETF) and PLT (Defiance Leveraged Long + Income PLTR ETF) are both Derivative Income funds. Both are actively managed. A 0.66 correlation means they provide meaningful diversification when combined. PLTY charges 0.99%/yr vs 1.51%/yr for PLT.

Performance

PLTY vs. PLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax PLTR Option Income Strategy ETF (PLTY) and Defiance Leveraged Long + Income PLTR ETF (PLT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PLTY achieves a -8.48% return, which is significantly higher than PLT's -11.99% return.

PLTY

• 1D: -3.89%
• 1M: 7.45%
• YTD: -8.48%
• 6M: -7.00%
• 1Y: 11.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PLT

• 1D: 0.00%
• 1M: 0.00%
• YTD: -11.99%
• 6M: -7.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PLTY vs. PLT - Yearly Performance Comparison

	2026 (YTD)	2025
PLTY YieldMax PLTR Option Income Strategy ETF	-8.48%	9.45%
PLT Defiance Leveraged Long + Income PLTR ETF	-11.99%	13.15%

Correlation

The correlation between PLTY and PLT is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 20, 2025	0.66

Return for Risk

PLTY vs. PLT — Risk / Return Rank

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

PLTY

PLTY Risk / Return Rank: 13
PLTY Sharpe Ratio Rank: 13
PLTY Sortino Ratio Rank: 14
PLTY Omega Ratio Rank: 15
PLTY Calmar Ratio Rank: 13
PLTY Martin Ratio Rank: 12

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.

PLTY vs. PLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax PLTR Option Income Strategy ETF (PLTY) and Defiance Leveraged Long + Income PLTR ETF (PLT). 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.

	PLTY	PLT	Difference
Sharpe ratio Return per unit of total volatility	0.27	—	—
Sortino ratio Return per unit of downside risk	0.64	—	—
Omega ratio Gain probability vs. loss probability	1.09	—	—
Calmar ratio Return relative to maximum drawdown	0.36	—	—
Martin ratio Return relative to average drawdown	0.70	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PLTY	PLT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.27	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.38	-0.01	+1.39

Drawdowns

PLTY vs. PLT - Drawdown Comparison

The maximum PLTY drawdown since its inception was -36.61%, smaller than the maximum PLT drawdown of -43.74%. Use the drawdown chart below to compare losses from any high point for PLTY and PLT.

Drawdown Indicators

	PLTY	PLT	Difference
Max Drawdown Largest peak-to-trough decline	-36.61%	-43.74%	+7.13%
Max Drawdown (1Y) Largest decline over 1 year	-34.41%	—	—
Current Drawdown Current decline from peak	-20.62%	-38.06%	+17.44%
Average Drawdown Average peak-to-trough decline	-12.74%	-25.54%	+12.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.65%	—	—

Volatility

Volatility by Period

	PLTY	PLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.92%	—	—
Volatility (6M) Calculated over the trailing 6-month period	31.89%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	43.13%	60.83%	-17.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.81%	60.83%	-8.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.81%	60.83%	-8.02%

PLTY vs. PLT - Expense Ratio Comparison

PLTY has a 0.99% expense ratio, which is lower than PLT's 1.51% expense ratio.

Dividends

PLTY vs. PLT - Dividend Comparison

PLTY's dividend yield for the trailing twelve months is around 102.78%, more than PLT's 38.02% yield.

Position	TTM	2025	2024
PLT Defiance Leveraged Long + Income PLTR ETF	38.02%	29.28%	0.00%
PLTY YieldMax PLTR Option Income Strategy ETF	102.78%	112.44%	7.85%

Frequently Asked Questions

Can I hold both PLTY and PLT in my portfolio?

PLTY and PLT have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PLTY or PLT?

On fees, PLTY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PLTY or PLT?

PLTY is cheaper with a 0.99% expense ratio, compared with 1.51% for PLT.

Which ETF pays a higher dividend yield, PLTY or PLT?

PLTY has the higher dividend yield at 102.78%, compared with 38.02% for PLT.

What is the main difference between PLTY and PLT?

They also come from different issuers: YieldMax and Defiance. Their fees differ too: 0.99% for PLTY and 1.51% for PLT.