PLTZ vs. TSLQ

Last updated Jul 12, 2026

PLTZ (Defiance Daily Target 2X Short PLTR ETF) and TSLQ (Tradr 2X Short TSLA Daily ETF) are both Inverse Equities funds. Both are actively managed. Over the past year, PLTZ returned -43.98% vs -64.99% for TSLQ. At a 0.33 correlation, their price movements are largely independent. PLTZ charges 1.29%/yr vs 1.17%/yr for TSLQ.

Performance

PLTZ vs. TSLQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Short PLTR ETF (PLTZ) and Tradr 2X Short TSLA Daily ETF (TSLQ). 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 TSLQ's -6.50% return.

PLTZ

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

TSLQ

• 1D: -0.59%
• 1M: -7.57%
• 6M: -7.57%
• YTD: -6.50%
• 1Y: -64.99%
• 3Y*: -65.69%
• 5Y*: —
• 10Y*: —

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

PLTZ vs. TSLQ - Yearly Performance Comparison

	2026 (YTD)	2025
PLTZ Defiance Daily Target 2X Short PLTR ETF	20.05%	-67.07%
TSLQ Tradr 2X Short TSLA Daily ETF	-6.50%	-71.65%

Correlation

The correlation between PLTZ and TSLQ 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. TSLQ — 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

TSLQ

TSLQ Risk / Return Rank: 3
TSLQ Sharpe Ratio Rank: 3
TSLQ Sortino Ratio Rank: 3
TSLQ Omega Ratio Rank: 4
TSLQ Calmar Ratio Rank: 1
TSLQ Martin Ratio Rank: 3

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. TSLQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short PLTR ETF (PLTZ) and Tradr 2X Short TSLA Daily ETF (TSLQ). 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	TSLQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.43	-0.74	+0.31
Sortino ratio: Return per unit of downside risk	-0.07	-1.03	+0.96
Omega ratio: Gain probability vs. loss probability	0.99	0.89	+0.11
Calmar ratio: Return relative to maximum drawdown	-0.72	-0.95	+0.23
Martin ratio: Return relative to average drawdown	-1.02	-1.21	+0.20

PLTZ vs. TSLQ - Sharpe Ratio Comparison

The current PLTZ Sharpe Ratio is -0.43, which is higher than the TSLQ Sharpe Ratio of -0.74. The chart below compares the historical Sharpe Ratios of PLTZ and TSLQ, 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. TSLQ - Drawdown Comparison

The maximum PLTZ drawdown since its inception was -72.51%, smaller than the maximum TSLQ drawdown of -98.73%. Use the drawdown chart below to compare losses from any high point for PLTZ and TSLQ.

Drawdown Indicators

	PLTZ	TSLQ	Difference
Max Drawdown Largest peak-to-trough decline	-72.51%	-98.73%	+26.22%
Max Drawdown (1Y) Largest decline over 1 year	-61.05%	-69.32%	+8.27%
Max Drawdown (3Y) Largest decline over 3 years	—	-97.85%	—
Current Drawdown Current decline from peak	-60.47%	-98.61%	+38.14%
Average Drawdown Average peak-to-trough decline	-55.68%	-67.98%	+12.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.10%	54.24%	-11.14%

Volatility

PLTZ vs. TSLQ - Volatility Comparison

The current volatility for Defiance Daily Target 2X Short PLTR ETF (PLTZ) is 33.35%, while Tradr 2X Short TSLA Daily ETF (TSLQ) has a volatility of 35.92%. This indicates that PLTZ experiences smaller price fluctuations and is considered to be less risky than TSLQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PLTZ	TSLQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.35%	35.92%	-2.57%
Volatility (6M) Calculated over the trailing 6-month period	78.60%	62.69%	+15.91%
Volatility (1Y) Calculated over the trailing 1-year period	103.02%	89.76%	+13.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	102.59%	94.89%	+7.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	102.59%	94.89%	+7.70%

PLTZ vs. TSLQ - Expense Ratio Comparison

PLTZ has a 1.29% expense ratio, which is higher than TSLQ's 1.17% expense ratio.

Dividends

PLTZ vs. TSLQ - Dividend Comparison

PLTZ has not paid dividends to shareholders, while TSLQ's dividend yield for the trailing twelve months is around 11.30%.

Position	TTM	2025	2024	2023	2022
PLTZ Defiance Daily Target 2X Short PLTR ETF	0.00%	0.00%	0.00%	0.00%	0.00%
TSLQ Tradr 2X Short TSLA Daily ETF	11.30%	10.56%	4.95%	13.35%	2.56%

Frequently Asked Questions

Can I hold both PLTZ and TSLQ in my portfolio?

PLTZ and TSLQ 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 TSLQ?

TSLQ has higher volatility (35.92%) compared to PLTZ (33.35%). In terms of maximum drawdown, PLTZ dropped -72.51% vs TSLQ's -98.73%.

Which ETF is better, PLTZ or TSLQ?

On 1-year performance, PLTZ leads with -43.98% vs -64.99% for TSLQ. On fees, TSLQ is cheaper at 1.17% per year. 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 TSLQ?

Over the 1-year period, PLTZ has performed better with a -43.98% return vs -64.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PLTZ or TSLQ?

TSLQ is cheaper with a 1.17% expense ratio, compared with 1.29% for PLTZ.

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

TSLQ has the higher dividend yield at 11.30%, compared with 0.00% for PLTZ.

What is the main difference between PLTZ and TSLQ?

They also come from different issuers: Defiance and Tradr. Their fees differ too: 1.29% for PLTZ and 1.17% for TSLQ.

Which has better risk-adjusted returns?

PLTZ currently has the higher Sharpe Ratio (-0.43 vs -0.74), 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.