PLTZ vs. METD
PLTZ (Defiance Daily Target 2X Short PLTR ETF) and METD (Direxion Daily META Bear 1X ETF) are both Inverse Equities funds. Both are actively managed. At a 0.29 correlation, their price movements are largely independent. PLTZ charges 1.29%/yr vs 1.00%/yr for METD.
Performance
PLTZ vs. METD - 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 METD's 1.66% return.
PLTZ
- 1D
- 13.03%
- 1M
- -4.65%
- YTD
- 4.28%
- 6M
- -1.19%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
METD
- 1D
- -4.20%
- 1M
- -2.14%
- YTD
- 1.66%
- 6M
- -1.28%
- 1Y
- 1.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PLTZ vs. METD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PLTZ Defiance Daily Target 2X Short PLTR ETF | 4.28% | -64.39% |
METD Direxion Daily META Bear 1X ETF | 1.66% | 4.08% |
Correlation
The correlation between PLTZ and METD is 0.29, 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 | 0.29 |
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Return for Risk
PLTZ vs. METD — Risk / Return Rank
PLTZ
METD
PLTZ vs. METD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short PLTR ETF (PLTZ) and Direxion Daily META Bear 1X ETF (METD). 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 | METD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.03 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.62 | -0.44 | -0.18 |
Drawdowns
PLTZ vs. METD - Drawdown Comparison
The maximum PLTZ drawdown since its inception was -70.28%, which is greater than METD's maximum drawdown of -46.03%. Use the drawdown chart below to compare losses from any high point for PLTZ and METD.
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Drawdown Indicators
| PLTZ | METD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.28% | -46.03% | -24.25% |
Max Drawdown (1Y)Largest decline over 1 year | — | -24.38% | — |
Current DrawdownCurrent decline from peak | -62.87% | -34.66% | -28.21% |
Average DrawdownAverage peak-to-trough decline | -52.02% | -28.61% | -23.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 11.35% | — |
Volatility
PLTZ vs. METD - Volatility Comparison
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Volatility by Period
| PLTZ | METD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.85% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 27.02% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 101.99% | 35.57% | +66.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 101.99% | 36.41% | +65.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.99% | 36.41% | +65.58% |
PLTZ vs. METD - Expense Ratio Comparison
PLTZ has a 1.29% expense ratio, which is higher than METD's 1.00% expense ratio.
Dividends
PLTZ vs. METD - Dividend Comparison
PLTZ has not paid dividends to shareholders, while METD's dividend yield for the trailing twelve months is around 2.69%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
METD Direxion Daily META Bear 1X ETF | 2.69% | 3.35% | 2.30% |
PLTZ Defiance Daily Target 2X Short PLTR ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PLTZ and METD 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.
On fees, METD is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
METD is cheaper with a 1.00% expense ratio, compared with 1.29% for PLTZ.
METD has the higher dividend yield at 2.69%, compared with 0.00% for PLTZ.
They also come from different issuers: Defiance and Direxion. Their fees differ too: 1.29% for PLTZ and 1.00% for METD.
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