PLTZ vs. SOXS

Last updated Jun 23, 2026

PLTZ (Defiance Daily Target 2X Short PLTR ETF) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both Inverse Equities funds. PLTZ is actively managed, while SOXS is passively managed. Over the past year, PLTZ returned -40.65% vs -98.20% for SOXS. At a 0.25 correlation, their price movements are largely independent. PLTZ charges 1.29%/yr vs 1.08%/yr for SOXS.

Performance

PLTZ vs. SOXS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Short PLTR ETF (PLTZ) and Direxion Daily Semiconductor Bear 3x Shares (SOXS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PLTZ achieves a 42.40% return, which is significantly higher than SOXS's -94.69% return.

PLTZ

• 1D: 14.09%
• 1M: 17.24%
• YTD: 42.40%
• 6M: 68.34%
• 1Y: -40.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXS

• 1D: -8.08%
• 1M: -57.31%
• YTD: -94.69%
• 6M: -94.57%
• 1Y: -98.20%
• 3Y*: -88.23%
• 5Y*: -81.24%
• 10Y*: -79.95%

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

PLTZ vs. SOXS - Yearly Performance Comparison

	2026 (YTD)	2025
PLTZ Defiance Daily Target 2X Short PLTR ETF	42.40%	-67.07%
SOXS Direxion Daily Semiconductor Bear 3x Shares	-94.69%	-70.65%

Correlation

The correlation between PLTZ and SOXS is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (All Time) Calculated using the full available price history since Jun 6, 2025	0.25

Return for Risk

PLTZ vs. SOXS — 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: 5
PLTZ Sortino Ratio Rank: 7
PLTZ Omega Ratio Rank: 7
PLTZ Calmar Ratio Rank: 4
PLTZ Martin Ratio Rank: 5

SOXS

SOXS Risk / Return Rank: 1
SOXS Sharpe Ratio Rank: 2
SOXS Sortino Ratio Rank: 0
SOXS Omega Ratio Rank: 0
SOXS Calmar Ratio Rank: 0
SOXS Martin Ratio Rank: 1

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. SOXS - 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 Semiconductor Bear 3x Shares (SOXS). 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	SOXS	Difference
Sharpe ratio: Return per unit of total volatility	-0.40	-0.86	+0.46
Sortino ratio: Return per unit of downside risk	0.00	-3.67	+3.68
Omega ratio: Gain probability vs. loss probability	1.00	0.61	+0.40
Calmar ratio: Return relative to maximum drawdown	-0.60	-1.00	+0.40
Martin ratio: Return relative to average drawdown	-0.80	-1.46	+0.66

PLTZ vs. SOXS - Sharpe Ratio Comparison

The current PLTZ Sharpe Ratio is -0.40, which is higher than the SOXS Sharpe Ratio of -0.86. The chart below compares the historical Sharpe Ratios of PLTZ and SOXS, 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. SOXS - Drawdown Comparison

The maximum PLTZ drawdown since its inception was -72.51%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for PLTZ and SOXS.

Drawdown Indicators

	PLTZ	SOXS	Difference
Max Drawdown Largest peak-to-trough decline	-72.51%	-100.00%	+27.49%
Max Drawdown (1Y) Largest decline over 1 year	-67.51%	-98.17%	+30.66%
Max Drawdown (3Y) Largest decline over 3 years	—	-99.87%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-99.98%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-100.00%	—
Current Drawdown Current decline from peak	-53.11%	-100.00%	+46.89%
Average Drawdown Average peak-to-trough decline	-55.66%	-92.60%	+36.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	50.94%	67.64%	-16.70%

Volatility

PLTZ vs. SOXS - Volatility Comparison

The current volatility for Defiance Daily Target 2X Short PLTR ETF (PLTZ) is 39.74%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 61.89%. This indicates that PLTZ experiences smaller price fluctuations and is considered to be less risky than SOXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PLTZ	SOXS	Difference
Volatility (1M) Calculated over the trailing 1-month period	39.74%	61.89%	-22.15%
Volatility (6M) Calculated over the trailing 6-month period	77.07%	97.94%	-20.87%
Volatility (1Y) Calculated over the trailing 1-year period	103.03%	115.12%	-12.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	102.06%	110.92%	-8.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	102.06%	101.99%	+0.07%

PLTZ vs. SOXS - Expense Ratio Comparison

PLTZ has a 1.29% expense ratio, which is higher than SOXS's 1.08% expense ratio.

Dividends

PLTZ vs. SOXS - Dividend Comparison

PLTZ has not paid dividends to shareholders, while SOXS's dividend yield for the trailing twelve months is around 101.68%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
PLTZ Defiance Daily Target 2X Short PLTR ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SOXS Direxion Daily Semiconductor Bear 3x Shares	101.68%	10.79%	5.45%	9.22%	0.19%	0.00%	3.58%	2.30%	0.76%

Frequently Asked Questions

Can I hold both PLTZ and SOXS in my portfolio?

PLTZ and SOXS have a correlation of 0.25, 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 SOXS?

SOXS has higher volatility (61.89%) compared to PLTZ (39.74%). In terms of maximum drawdown, PLTZ dropped -72.51% vs SOXS's -100.00%.

Which ETF is better, PLTZ or SOXS?

On 1-year performance, PLTZ leads with -40.65% vs -98.20% for SOXS. On fees, SOXS is cheaper at 1.08% per year. On volatility, PLTZ has been the lower-risk option at 39.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PLTZ or SOXS?

Over the 1-year period, PLTZ has performed better with a -40.65% return vs -98.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PLTZ or SOXS?

SOXS is cheaper with a 1.08% expense ratio, compared with 1.29% for PLTZ.

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

SOXS has the higher dividend yield at 101.68%, compared with 0.00% for PLTZ.

What is the main difference between PLTZ and SOXS?

They also come from different issuers: Defiance and Direxion. Their fees differ too: 1.29% for PLTZ and 1.08% for SOXS.

Which has better risk-adjusted returns?

PLTZ currently has the higher Sharpe Ratio (-0.40 vs -0.85), 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.