PLTZ vs. PLTD
PLTZ (Defiance Daily Target 2X Short PLTR ETF) and PLTD (Direxion Daily PLTR Bear 1X Shares) are both Inverse Equities funds. PLTZ is actively managed, while PLTD is passively managed. With a 1.00 correlation, they move nearly in lockstep. PLTZ charges 1.29%/yr vs 0.98%/yr for PLTD.
Performance
PLTZ vs. PLTD - 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 PLTD's 13.23% return.
PLTZ
- 1D
- 13.03%
- 1M
- -4.65%
- YTD
- 4.28%
- 6M
- -1.19%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PLTD
- 1D
- 6.63%
- 1M
- -0.00%
- YTD
- 13.23%
- 6M
- 11.78%
- 1Y
- -22.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PLTZ vs. PLTD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PLTZ Defiance Daily Target 2X Short PLTR ETF | 4.28% | -64.39% |
PLTD Direxion Daily PLTR Bear 1X Shares | 13.23% | -33.38% |
Correlation
The correlation between PLTZ and PLTD is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 9, 2025 | 1.00 |
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Return for Risk
PLTZ vs. PLTD — Risk / Return Rank
PLTZ
PLTD
PLTZ vs. PLTD - 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 PLTR Bear 1X Shares (PLTD). 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 | PLTD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.62 | -0.86 | +0.23 |
Drawdowns
PLTZ vs. PLTD - Drawdown Comparison
The maximum PLTZ drawdown since its inception was -70.28%, smaller than the maximum PLTD drawdown of -77.34%. Use the drawdown chart below to compare losses from any high point for PLTZ and PLTD.
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Drawdown Indicators
| PLTZ | PLTD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.28% | -77.34% | +7.06% |
Max Drawdown (1Y)Largest decline over 1 year | — | -44.79% | — |
Current DrawdownCurrent decline from peak | -62.87% | -71.01% | +8.14% |
Average DrawdownAverage peak-to-trough decline | -52.02% | -59.43% | +7.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 30.14% | — |
Volatility
PLTZ vs. PLTD - Volatility Comparison
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Volatility by Period
| PLTZ | PLTD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 18.68% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 38.02% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 101.99% | 51.79% | +50.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 101.99% | 63.73% | +38.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.99% | 63.73% | +38.26% |
PLTZ vs. PLTD - Expense Ratio Comparison
PLTZ has a 1.29% expense ratio, which is higher than PLTD's 0.98% expense ratio.
Dividends
PLTZ vs. PLTD - Dividend Comparison
PLTZ has not paid dividends to shareholders, while PLTD's dividend yield for the trailing twelve months is around 3.26%.
| Position | TTM | 2025 |
|---|---|---|
PLTD Direxion Daily PLTR Bear 1X Shares | 3.26% | 5.17% |
PLTZ Defiance Daily Target 2X Short PLTR ETF | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 1.00, PLTZ and PLTD move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, PLTD is cheaper at 0.98% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PLTD is cheaper with a 0.98% expense ratio, compared with 1.29% for PLTZ.
PLTD has the higher dividend yield at 3.26%, compared with 0.00% for PLTZ.
They also come from different issuers: Defiance and Direxion. Their fees differ too: 1.29% for PLTZ and 0.98% for PLTD.
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