PLTZ vs. SMCZ

Last updated Jul 12, 2026

PLTZ (Defiance Daily Target 2X Short PLTR ETF) and SMCZ (Defiance Daily Target 2X Short SMCI ETF) are both Inverse Equities funds from Defiance. Both are actively managed. Over the past year, PLTZ returned -43.98% vs -75.41% for SMCZ. At a 0.33 correlation, their price movements are largely independent. Both charge a 1.29% expense ratio.

Performance

PLTZ vs. SMCZ - Performance Comparison

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

Returns By Period

In the year-to-date period, PLTZ achieves a 20.05% return, which is significantly higher than SMCZ's -83.94% return.

PLTZ

• 1D: 3.51%
• 1M: -5.67%
• 6M: 21.92%
• YTD: 20.05%
• 1Y: -43.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SMCZ

• 1D: -0.85%
• 1M: -7.52%
• 6M: -82.51%
• YTD: -83.94%
• 1Y: -75.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PLTZ vs. SMCZ - Yearly Performance Comparison

	2026 (YTD)	2025
PLTZ Defiance Daily Target 2X Short PLTR ETF	20.05%	-67.07%
SMCZ Defiance Daily Target 2X Short SMCI ETF	-83.94%	-7.06%

Correlation

The correlation between PLTZ and SMCZ is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jun 6, 2025	0.33

Return for Risk

PLTZ vs. SMCZ — Risk / Return Rank

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

PLTZ

PLTZ Risk / Return Rank: 6
PLTZ Sharpe Ratio Rank: 6
PLTZ Sortino Ratio Rank: 8
PLTZ Omega Ratio Rank: 7
PLTZ Calmar Ratio Rank: 3
PLTZ Martin Ratio Rank: 4

SMCZ

SMCZ Risk / Return Rank: 5
SMCZ Sharpe Ratio Rank: 5
SMCZ Sortino Ratio Rank: 9
SMCZ Omega Ratio Rank: 9
SMCZ Calmar Ratio Rank: 2
SMCZ Martin Ratio Rank: 0

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. SMCZ - 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 Short SMCI ETF (SMCZ). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PLTZ	SMCZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.43	-0.43	+0.01
Sortino ratio: Return per unit of downside risk	-0.07	0.11	-0.18
Omega ratio: Gain probability vs. loss probability	0.99	1.01	-0.02
Calmar ratio: Return relative to maximum drawdown	-0.72	-0.81	+0.10
Martin ratio: Return relative to average drawdown	-1.02	-1.65	+0.63

PLTZ vs. SMCZ - Sharpe Ratio Comparison

The current PLTZ Sharpe Ratio is -0.43, which is comparable to the SMCZ Sharpe Ratio of -0.43. The chart below compares the historical Sharpe Ratios of PLTZ and SMCZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PLTZ vs. SMCZ - Drawdown Comparison

The maximum PLTZ drawdown since its inception was -72.51%, smaller than the maximum SMCZ drawdown of -97.40%. Use the drawdown chart below to compare losses from any high point for PLTZ and SMCZ.

Drawdown Indicators

	PLTZ	SMCZ	Difference
Max Drawdown Largest peak-to-trough decline	-72.51%	-97.40%	+24.89%
Max Drawdown (1Y) Largest decline over 1 year	-61.05%	-91.49%	+30.44%
Current Drawdown Current decline from peak	-60.47%	-95.30%	+34.83%
Average Drawdown Average peak-to-trough decline	-55.68%	-77.03%	+21.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.10%	45.12%	-2.02%

Volatility

PLTZ vs. SMCZ - Volatility Comparison

The current volatility for Defiance Daily Target 2X Short PLTR ETF (PLTZ) is 33.35%, while Defiance Daily Target 2X Short SMCI ETF (SMCZ) has a volatility of 76.31%. This indicates that PLTZ experiences smaller price fluctuations and is considered to be less risky than SMCZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PLTZ	SMCZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.35%	76.31%	-42.96%
Volatility (6M) Calculated over the trailing 6-month period	78.60%	151.82%	-73.22%
Volatility (1Y) Calculated over the trailing 1-year period	103.02%	172.72%	-69.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	102.59%	173.48%	-70.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	102.59%	173.48%	-70.89%

PLTZ vs. SMCZ - Expense Ratio Comparison

Both PLTZ and SMCZ have an expense ratio of 1.29%.

Dividends

PLTZ vs. SMCZ - Dividend Comparison

PLTZ has not paid dividends to shareholders, while SMCZ's dividend yield for the trailing twelve months is around 12.65%.

Position	TTM	2025
PLTZ Defiance Daily Target 2X Short PLTR ETF	0.00%	0.00%
SMCZ Defiance Daily Target 2X Short SMCI ETF	12.65%	2.03%

Frequently Asked Questions

Can I hold both PLTZ and SMCZ in my portfolio?

PLTZ and SMCZ have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PLTZ or SMCZ?

SMCZ has higher volatility (76.31%) compared to PLTZ (33.35%). In terms of maximum drawdown, PLTZ dropped -72.51% vs SMCZ's -97.40%.

Which ETF is better, PLTZ or SMCZ?

On 1-year performance, PLTZ leads with -43.98% vs -75.41% for SMCZ. Both ETFs have the same 1.29% expense ratio. On volatility, PLTZ has been the lower-risk option at 33.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PLTZ or SMCZ?

Over the 1-year period, PLTZ has performed better with a -43.98% return vs -75.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PLTZ or SMCZ?

PLTZ and SMCZ have the same expense ratio: 1.29% per year.

Which ETF pays a higher dividend yield, PLTZ or SMCZ?

SMCZ has the higher dividend yield at 12.65%, compared with 0.00% for PLTZ.

Which has better risk-adjusted returns?

PLTZ currently has the higher Sharpe Ratio (-0.43 vs -0.43), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.