PLTZ vs. MSFD

Last updated Apr 1, 2026

Compare and contrast key facts about Defiance Daily Target 2X Short PLTR ETF (PLTZ) and Direxion Daily MSFT Bear 1X Shares (MSFD).

PLTZ and MSFD 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. MSFD is a passively managed fund by Direxion that tracks the performance of the Microsoft Corporation (-100%). It was launched on Sep 6, 2022.

Performance

PLTZ vs. MSFD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Short PLTR ETF (PLTZ) and Direxion Daily MSFT Bear 1X Shares (MSFD). The values are adjusted to include any dividend payments, if applicable.

PLTZ vs. MSFD - Yearly Performance Comparison

	2026 (YTD)	2025
PLTZ Defiance Daily Target 2X Short PLTR ETF	17.95%	-64.39%
MSFD Direxion Daily MSFT Bear 1X Shares	28.73%	-1.41%

Returns By Period

In the year-to-date period, PLTZ achieves a 17.95% return, which is significantly lower than MSFD's 28.73% return.

PLTZ

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

MSFD

• 1D: -3.15%
• 1M: 6.11%
• YTD: 28.73%
• 6M: 38.42%
• 1Y: -0.32%
• 3Y*: -7.18%
• 5Y*: —
• 10Y*: —

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

PLTZ vs. MSFD - Expense Ratio Comparison

PLTZ has a 1.29% expense ratio, which is higher than MSFD's 1.06% expense ratio.

PLTZ

Defiance Daily Target 2X Short PLTR ETF

MSFD

Direxion Daily MSFT Bear 1X Shares

Return for Risk

PLTZ vs. MSFD — Risk / Return Rank

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

MSFD

MSFD Risk / Return Rank: 12
MSFD Sharpe Ratio Rank: 11
MSFD Sortino Ratio Rank: 12
MSFD Omega Ratio Rank: 12
MSFD Calmar Ratio Rank: 12
MSFD Martin Ratio Rank: 12

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. MSFD - 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 MSFT Bear 1X Shares (MSFD). 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	MSFD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.01	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.67	-0.39	-0.27

Correlation

The correlation between PLTZ and MSFD is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

PLTZ vs. MSFD - Dividend Comparison

PLTZ has not paid dividends to shareholders, while MSFD's dividend yield for the trailing twelve months is around 2.43%.

	TTM	2025	2024	2023	2022
PLTZ Defiance Daily Target 2X Short PLTR ETF	0.00%	0.00%	0.00%	0.00%	0.00%
MSFD Direxion Daily MSFT Bear 1X Shares	2.43%	3.33%	4.46%	4.43%	0.74%

Drawdowns

PLTZ vs. MSFD - Drawdown Comparison

The maximum PLTZ drawdown since its inception was -69.95%, which is greater than MSFD's maximum drawdown of -59.90%. Use the drawdown chart below to compare losses from any high point for PLTZ and MSFD.

Drawdown Indicators

	PLTZ	MSFD	Difference
Max Drawdown Largest peak-to-trough decline	-69.95%	-59.90%	-10.05%
Max Drawdown (1Y) Largest decline over 1 year	—	-34.84%	—
Current Drawdown Current decline from peak	-58.00%	-41.94%	-16.06%
Average Drawdown Average peak-to-trough decline	-50.80%	-41.28%	-9.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	25.22%	—

Volatility

Volatility by Period

	PLTZ	MSFD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.60%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.84%	—
Volatility (1Y) Calculated over the trailing 1-year period	99.11%	26.78%	+72.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	99.11%	25.77%	+73.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	99.11%	25.77%	+73.34%