PLTZ vs. CARD
PLTZ (Defiance Daily Target 2X Short PLTR ETF) and CARD (Max Auto Industry -3X Inverse Leveraged ETN) are both Inverse Equities funds. PLTZ is actively managed, while CARD is passively managed. At a 0.27 correlation, their price movements are largely independent. PLTZ charges 1.29%/yr vs 0.95%/yr for CARD.
Performance
PLTZ vs. CARD - Performance Comparison
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Returns By Period
In the year-to-date period, PLTZ achieves a 4.28% return, which is significantly higher than CARD's -2.60% return.
PLTZ
- 1D
- 13.03%
- 1M
- -4.65%
- YTD
- 4.28%
- 6M
- -1.19%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CARD
- 1D
- 1.10%
- 1M
- -13.67%
- YTD
- -2.60%
- 6M
- -2.07%
- 1Y
- -35.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PLTZ vs. CARD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PLTZ Defiance Daily Target 2X Short PLTR ETF | 4.28% | -64.39% |
CARD Max Auto Industry -3X Inverse Leveraged ETN | -2.60% | -37.73% |
Correlation
The correlation between PLTZ and CARD is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 9, 2025 | 0.27 |
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Return for Risk
PLTZ vs. CARD — Risk / Return Rank
PLTZ
CARD
PLTZ vs. CARD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short PLTR ETF (PLTZ) and Max Auto Industry -3X Inverse Leveraged ETN (CARD). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| PLTZ | CARD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.62 | -0.65 | +0.03 |
Drawdowns
PLTZ vs. CARD - Drawdown Comparison
The maximum PLTZ drawdown since its inception was -70.28%, smaller than the maximum CARD drawdown of -93.51%. Use the drawdown chart below to compare losses from any high point for PLTZ and CARD.
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Drawdown Indicators
| PLTZ | CARD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.28% | -93.51% | +23.23% |
Max Drawdown (1Y)Largest decline over 1 year | — | -49.57% | — |
Current DrawdownCurrent decline from peak | -62.87% | -92.68% | +29.81% |
Average DrawdownAverage peak-to-trough decline | -52.02% | -68.13% | +16.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 33.93% | — |
Volatility
PLTZ vs. CARD - Volatility Comparison
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Volatility by Period
| PLTZ | CARD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 22.80% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 50.05% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 101.99% | 68.70% | +33.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 101.99% | 80.53% | +21.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.99% | 80.53% | +21.46% |
PLTZ vs. CARD - Expense Ratio Comparison
PLTZ has a 1.29% expense ratio, which is higher than CARD's 0.95% expense ratio.
Dividends
PLTZ vs. CARD - Dividend Comparison
Neither PLTZ nor CARD has paid dividends to shareholders.
Frequently Asked Questions
PLTZ and CARD have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CARD is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CARD is cheaper with a 0.95% expense ratio, compared with 1.29% for PLTZ.
PLTZ and CARD have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance and Max. Their fees differ too: 1.29% for PLTZ and 0.95% for CARD.
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