PLTZ vs. MSTX
PLTZ (Defiance Daily Target 2X Short PLTR ETF) and MSTX (Defiance Daily Target 2X Long MSTR ETF) are both exchange-traded funds - PLTZ is a Inverse Equities fund actively managed by Defiance, while MSTX is a Leveraged Equities fund actively managed by Defiance. Both are actively managed. At a correlation of -0.40, they often move in opposite directions. Both charge a 1.29% expense ratio.
Performance
PLTZ vs. MSTX - 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 MSTX's -54.94% return.
PLTZ
- 1D
- 13.03%
- 1M
- -4.65%
- YTD
- 4.28%
- 6M
- -1.19%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTX
- 1D
- -14.41%
- 1M
- -56.02%
- YTD
- -54.94%
- 6M
- -72.02%
- 1Y
- -95.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PLTZ vs. MSTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PLTZ Defiance Daily Target 2X Short PLTR ETF | 4.28% | -64.39% |
MSTX Defiance Daily Target 2X Long MSTR ETF | -54.94% | -89.21% |
Correlation
The correlation between PLTZ and MSTX is -0.40, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 9, 2025 | -0.40 |
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Return for Risk
PLTZ vs. MSTX — Risk / Return Rank
PLTZ
MSTX
PLTZ vs. MSTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short PLTR ETF (PLTZ) and Defiance Daily Target 2X Long MSTR ETF (MSTX). 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 | MSTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.62 | -0.42 | -0.21 |
Drawdowns
PLTZ vs. MSTX - Drawdown Comparison
The maximum PLTZ drawdown since its inception was -70.28%, smaller than the maximum MSTX drawdown of -98.66%. Use the drawdown chart below to compare losses from any high point for PLTZ and MSTX.
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Drawdown Indicators
| PLTZ | MSTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.28% | -98.66% | +28.38% |
Max Drawdown (1Y)Largest decline over 1 year | — | -96.62% | — |
Current DrawdownCurrent decline from peak | -62.87% | -98.61% | +35.74% |
Average DrawdownAverage peak-to-trough decline | -52.02% | -69.94% | +17.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 75.26% | — |
Volatility
PLTZ vs. MSTX - Volatility Comparison
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Volatility by Period
| PLTZ | MSTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 39.64% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 112.57% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 101.99% | 140.09% | -38.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 101.99% | 167.46% | -65.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.99% | 167.46% | -65.47% |
PLTZ vs. MSTX - Expense Ratio Comparison
Both PLTZ and MSTX have an expense ratio of 1.29%.
Dividends
PLTZ vs. MSTX - Dividend Comparison
Neither PLTZ nor MSTX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MSTX Defiance Daily Target 2X Long MSTR ETF | 0.00% | 0.00% | 41.01% |
PLTZ Defiance Daily Target 2X Short PLTR ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PLTZ and MSTX have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 1.29% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
PLTZ and MSTX have the same expense ratio: 1.29% per year.
PLTZ and MSTX have nearly identical dividend yields, around 0.00%.
PLTZ is categorized as Inverse Equities, while MSTX is Leveraged Equities.
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