PLTZ vs. SHRT
PLTZ (Defiance Daily Target 2X Short PLTR ETF) and SHRT (Gotham Short Strategies ETF) are both Inverse Equities funds. Both are actively managed. At a 0.15 correlation, their price movements are largely independent. PLTZ charges 1.29%/yr vs 1.35%/yr for SHRT.
Performance
PLTZ vs. SHRT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PLTZ achieves a 5.04% return, which is significantly higher than SHRT's -17.15% return.
PLTZ
- 1D
- 0.74%
- 1M
- -15.76%
- YTD
- 5.04%
- 6M
- 1.56%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHRT
- 1D
- 0.06%
- 1M
- -3.02%
- YTD
- -17.15%
- 6M
- -15.15%
- 1Y
- -21.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PLTZ vs. SHRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PLTZ Defiance Daily Target 2X Short PLTR ETF | 5.04% | -64.39% |
SHRT Gotham Short Strategies ETF | -17.15% | -4.81% |
Correlation
The correlation between PLTZ and SHRT is 0.15, 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 | 0.15 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PLTZ vs. SHRT — Risk / Return Rank
PLTZ
SHRT
PLTZ vs. SHRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short PLTR ETF (PLTZ) and Gotham Short Strategies ETF (SHRT). 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.
Loading charts...
Sharpe Ratios by Period
| PLTZ | SHRT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -1.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.62 | -0.79 | +0.17 |
Drawdowns
PLTZ vs. SHRT - Drawdown Comparison
The maximum PLTZ drawdown since its inception was -70.28%, which is greater than SHRT's maximum drawdown of -25.98%. Use the drawdown chart below to compare losses from any high point for PLTZ and SHRT.
Loading charts...
Drawdown Indicators
| PLTZ | SHRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.28% | -25.98% | -44.30% |
Max Drawdown (1Y)Largest decline over 1 year | — | -22.73% | — |
Current DrawdownCurrent decline from peak | -62.60% | -25.70% | -36.90% |
Average DrawdownAverage peak-to-trough decline | -52.06% | -8.15% | -43.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 10.49% | — |
Volatility
PLTZ vs. SHRT - Volatility Comparison
Loading charts...
Volatility by Period
| PLTZ | SHRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.19% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.94% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 101.79% | 13.04% | +88.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 101.79% | 12.77% | +89.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.79% | 12.77% | +89.02% |
PLTZ vs. SHRT - Expense Ratio Comparison
PLTZ has a 1.29% expense ratio, which is lower than SHRT's 1.35% expense ratio.
Dividends
PLTZ vs. SHRT - Dividend Comparison
PLTZ has not paid dividends to shareholders, while SHRT's dividend yield for the trailing twelve months is around 0.08%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
PLTZ Defiance Daily Target 2X Short PLTR ETF | 0.00% | 0.00% | 0.00% | 0.00% |
SHRT Gotham Short Strategies ETF | 0.08% | 0.07% | 0.85% | 0.27% |
Frequently Asked Questions
PLTZ and SHRT have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PLTZ is cheaper at 1.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PLTZ is cheaper with a 1.29% expense ratio, compared with 1.35% for SHRT.
SHRT has the higher dividend yield at 0.08%, compared with 0.00% for PLTZ.
They also come from different issuers: Defiance and Gotham. Their fees differ too: 1.29% for PLTZ and 1.35% for SHRT.
Find the right allocation for PLTZ and SHRT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer