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. Over the past year, PLTZ returned -35.88% vs -30.65% for CARD. At a 0.30 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 48.68% return, which is significantly higher than CARD's 5.96% return.
PLTZ
- 1D
- 4.41%
- 1M
- 22.41%
- YTD
- 48.68%
- 6M
- 76.10%
- 1Y
- -35.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CARD
- 1D
- 2.92%
- 1M
- 3.56%
- YTD
- 5.96%
- 6M
- 16.67%
- 1Y
- -30.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PLTZ vs. CARD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PLTZ Defiance Daily Target 2X Short PLTR ETF | 48.68% | -67.07% |
CARD Max Auto Industry -3X Inverse Leveraged ETN | 5.96% | -39.38% |
Correlation
The correlation between PLTZ and CARD 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 | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2025 | 0.30 |
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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.
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.
| PLTZ | CARD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 0.97 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | -0.66 | +0.13 |
| Martin ratioReturn relative to average drawdown | -0.70 | -0.97 | +0.27 |
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Drawdowns
PLTZ vs. CARD - Drawdown Comparison
The maximum PLTZ drawdown since its inception was -72.51%, 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 | -72.51% | -93.51% | +21.00% |
Max Drawdown (1Y)Largest decline over 1 year | -67.51% | -46.42% | -21.09% |
Current DrawdownCurrent decline from peak | -51.04% | -92.04% | +41.00% |
Average DrawdownAverage peak-to-trough decline | -55.64% | -68.71% | +13.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.01% | 31.50% | +19.51% |
Volatility
PLTZ vs. CARD - Volatility Comparison
Defiance Daily Target 2X Short PLTR ETF (PLTZ) has a higher volatility of 39.87% compared to Max Auto Industry -3X Inverse Leveraged ETN (CARD) at 24.36%. This indicates that PLTZ's price experiences larger fluctuations and is considered to be riskier than CARD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLTZ | CARD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 39.87% | 24.36% | +15.51% |
Volatility (6M)Calculated over the trailing 6-month period | 76.47% | 52.63% | +23.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 102.92% | 70.25% | +32.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 101.96% | 80.74% | +21.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.96% | 80.74% | +21.22% |
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 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLTZ has higher volatility (39.87%) compared to CARD (24.36%). In terms of maximum drawdown, PLTZ dropped -72.51% vs CARD's -93.51%.
On 1-year performance, CARD leads with -30.65% vs -35.88% for PLTZ. On fees, CARD is cheaper at 0.95% per year. On volatility, CARD has been the lower-risk option at 24.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CARD has performed better with a -30.65% return vs -35.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
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.
PLTZ currently has the higher Sharpe Ratio (-0.35 vs -0.44), 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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