PLTZ vs. CONI
PLTZ (Defiance Daily Target 2X Short PLTR ETF) and CONI (GraniteShares 2x Short COIN Daily ETF) are both Inverse Equities funds. Both are actively managed. A 0.51 correlation means they provide meaningful diversification when combined. PLTZ charges 1.29%/yr vs 1.15%/yr for CONI.
Performance
PLTZ vs. CONI - 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 CONI's -17.97% return.
PLTZ
- 1D
- 13.03%
- 1M
- -4.65%
- YTD
- 4.28%
- 6M
- -1.19%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CONI
- 1D
- 12.23%
- 1M
- 36.75%
- YTD
- -17.97%
- 6M
- 18.58%
- 1Y
- -48.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PLTZ vs. CONI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PLTZ Defiance Daily Target 2X Short PLTR ETF | 4.28% | -64.39% |
CONI GraniteShares 2x Short COIN Daily ETF | -17.97% | -40.53% |
Correlation
The correlation between PLTZ and CONI is 0.51, 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 Jun 9, 2025 | 0.51 |
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Return for Risk
PLTZ vs. CONI — Risk / Return Rank
PLTZ
CONI
PLTZ vs. CONI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short PLTR ETF (PLTZ) and GraniteShares 2x Short COIN Daily ETF (CONI). 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 | CONI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.62 | -0.56 | -0.06 |
Drawdowns
PLTZ vs. CONI - Drawdown Comparison
The maximum PLTZ drawdown since its inception was -70.28%, smaller than the maximum CONI drawdown of -94.53%. Use the drawdown chart below to compare losses from any high point for PLTZ and CONI.
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Drawdown Indicators
| PLTZ | CONI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.28% | -94.53% | +24.25% |
Max Drawdown (1Y)Largest decline over 1 year | — | -75.37% | — |
Current DrawdownCurrent decline from peak | -62.87% | -89.94% | +27.07% |
Average DrawdownAverage peak-to-trough decline | -52.02% | -73.31% | +21.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 58.78% | — |
Volatility
PLTZ vs. CONI - Volatility Comparison
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Volatility by Period
| PLTZ | CONI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 38.52% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 109.30% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 101.99% | 140.53% | -38.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 101.99% | 127.77% | -25.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.99% | 127.77% | -25.78% |
PLTZ vs. CONI - Expense Ratio Comparison
PLTZ has a 1.29% expense ratio, which is higher than CONI's 1.15% expense ratio.
Dividends
PLTZ vs. CONI - Dividend Comparison
PLTZ has not paid dividends to shareholders, while CONI's dividend yield for the trailing twelve months is around 1.07%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CONI GraniteShares 2x Short COIN Daily ETF | 1.07% | 0.87% | 1.39% |
PLTZ Defiance Daily Target 2X Short PLTR ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PLTZ and CONI have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CONI is cheaper at 1.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CONI is cheaper with a 1.15% expense ratio, compared with 1.29% for PLTZ.
CONI has the higher dividend yield at 1.07%, compared with 0.00% for PLTZ.
They also come from different issuers: Defiance and GraniteShares. Their fees differ too: 1.29% for PLTZ and 1.15% for CONI.
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