PLTZ vs. HDGE

Last updated Apr 1, 2026

Compare and contrast key facts about Defiance Daily Target 2X Short PLTR ETF (PLTZ) and AdvisorShares Ranger Equity Bear ETF (HDGE).

PLTZ and HDGE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PLTZ is an actively managed fund by Defiance. It was launched on Jun 5, 2025. HDGE is an actively managed fund by AdvisorShares. It was launched on Jan 26, 2011.

Performance

PLTZ vs. HDGE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Short PLTR ETF (PLTZ) and AdvisorShares Ranger Equity Bear ETF (HDGE). The values are adjusted to include any dividend payments, if applicable.

PLTZ vs. HDGE - Yearly Performance Comparison

	2026 (YTD)	2025
PLTZ Defiance Daily Target 2X Short PLTR ETF	17.95%	-64.39%
HDGE AdvisorShares Ranger Equity Bear ETF	12.05%	-4.35%

Returns By Period

In the year-to-date period, PLTZ achieves a 17.95% return, which is significantly higher than HDGE's 12.05% return.

PLTZ

• 1D: -12.66%
• 1M: -18.37%
• YTD: 17.95%
• 6M: 2.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HDGE

• 1D: -1.94%
• 1M: 4.54%
• YTD: 12.05%
• 6M: 13.38%
• 1Y: 4.28%
• 3Y*: -4.77%
• 5Y*: -2.67%
• 10Y*: -14.57%

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

PLTZ vs. HDGE - Expense Ratio Comparison

PLTZ has a 1.29% expense ratio, which is lower than HDGE's 3.36% expense ratio.

HDGE

AdvisorShares Ranger Equity Bear ETF

PLTZ

Defiance Daily Target 2X Short PLTR ETF

Return for Risk

PLTZ vs. HDGE — Risk / Return Rank

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

HDGE

HDGE Risk / Return Rank: 17
HDGE Sharpe Ratio Rank: 18
HDGE Sortino Ratio Rank: 18
HDGE Omega Ratio Rank: 17
HDGE Calmar Ratio Rank: 16
HDGE Martin Ratio Rank: 14

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.

PLTZ vs. HDGE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short PLTR ETF (PLTZ) and AdvisorShares Ranger Equity Bear ETF (HDGE). 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.

Sharpe Ratios by Period

	PLTZ	HDGE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.22	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.11	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.67	-0.66	0.00

Correlation

The correlation between PLTZ and HDGE is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

PLTZ vs. HDGE - Dividend Comparison

PLTZ has not paid dividends to shareholders, while HDGE's dividend yield for the trailing twelve months is around 3.12%.

	TTM	2025	2024	2023	2022	2021	2020	2019
PLTZ Defiance Daily Target 2X Short PLTR ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HDGE AdvisorShares Ranger Equity Bear ETF	3.12%	3.50%	7.83%	9.58%	0.00%	0.00%	0.00%	0.22%

Drawdowns

PLTZ vs. HDGE - Drawdown Comparison

The maximum PLTZ drawdown since its inception was -69.95%, smaller than the maximum HDGE drawdown of -93.88%. Use the drawdown chart below to compare losses from any high point for PLTZ and HDGE.

Drawdown Indicators

	PLTZ	HDGE	Difference
Max Drawdown Largest peak-to-trough decline	-69.95%	-93.88%	+23.93%
Max Drawdown (1Y) Largest decline over 1 year	—	-19.63%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-42.97%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-83.69%	—
Current Drawdown Current decline from peak	-58.00%	-92.64%	+34.64%
Average Drawdown Average peak-to-trough decline	-50.80%	-69.85%	+19.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.53%	—

Volatility

Volatility by Period

	PLTZ	HDGE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.48%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.17%	—
Volatility (1Y) Calculated over the trailing 1-year period	99.11%	19.95%	+79.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	99.11%	23.96%	+75.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	99.11%	23.51%	+75.60%