PLTZ vs. NFXS
PLTZ (Defiance Daily Target 2X Short PLTR ETF) and NFXS (Direxion Daily NFLX Bear 1X Shares) are both Inverse Equities funds. Both are actively managed. At a 0.18 correlation, their price movements are largely independent. PLTZ charges 1.29%/yr vs 1.03%/yr for NFXS.
Performance
PLTZ vs. NFXS - Performance Comparison
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Returns By Period
In the year-to-date period, PLTZ achieves a 4.28% return, which is significantly lower than NFXS's 11.23% return.
PLTZ
- 1D
- 13.03%
- 1M
- -4.65%
- YTD
- 4.28%
- 6M
- -1.19%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NFXS
- 1D
- 2.15%
- 1M
- 11.52%
- YTD
- 11.23%
- 6M
- 23.05%
- 1Y
- 43.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PLTZ vs. NFXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PLTZ Defiance Daily Target 2X Short PLTR ETF | 4.28% | -64.39% |
NFXS Direxion Daily NFLX Bear 1X Shares | 11.23% | 31.07% |
Correlation
The correlation between PLTZ and NFXS is 0.18, 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 | 0.18 |
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Return for Risk
PLTZ vs. NFXS — Risk / Return Rank
PLTZ
NFXS
PLTZ vs. NFXS - 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 NFLX Bear 1X Shares (NFXS). 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 | NFXS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.31 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.62 | -0.36 | -0.26 |
Drawdowns
PLTZ vs. NFXS - Drawdown Comparison
The maximum PLTZ drawdown since its inception was -70.28%, which is greater than NFXS's maximum drawdown of -50.37%. Use the drawdown chart below to compare losses from any high point for PLTZ and NFXS.
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Drawdown Indicators
| PLTZ | NFXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.28% | -50.37% | -19.91% |
Max Drawdown (1Y)Largest decline over 1 year | — | -31.31% | — |
Current DrawdownCurrent decline from peak | -62.87% | -21.98% | -40.89% |
Average DrawdownAverage peak-to-trough decline | -52.02% | -32.39% | -19.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 11.39% | — |
Volatility
PLTZ vs. NFXS - Volatility Comparison
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Volatility by Period
| PLTZ | NFXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.23% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 26.37% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 101.99% | 33.13% | +68.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 101.99% | 34.68% | +67.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.99% | 34.68% | +67.31% |
PLTZ vs. NFXS - Expense Ratio Comparison
PLTZ has a 1.29% expense ratio, which is higher than NFXS's 1.03% expense ratio.
Dividends
PLTZ vs. NFXS - Dividend Comparison
PLTZ has not paid dividends to shareholders, while NFXS's dividend yield for the trailing twelve months is around 2.81%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
NFXS Direxion Daily NFLX Bear 1X Shares | 2.81% | 3.53% | 0.87% |
PLTZ Defiance Daily Target 2X Short PLTR ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PLTZ and NFXS have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NFXS is cheaper at 1.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NFXS is cheaper with a 1.03% expense ratio, compared with 1.29% for PLTZ.
NFXS has the higher dividend yield at 2.81%, compared with 0.00% for PLTZ.
They also come from different issuers: Defiance and Direxion. Their fees differ too: 1.29% for PLTZ and 1.03% for NFXS.
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