PLTZ vs. TSLS
PLTZ (Defiance Daily Target 2X Short PLTR ETF) and TSLS (Direxion Daily TSLA Bear 1X Shares) are both Inverse Equities funds. PLTZ is actively managed, while TSLS is passively managed. At a 0.32 correlation, their price movements are largely independent. PLTZ charges 1.29%/yr vs 1.07%/yr for TSLS.
Performance
PLTZ vs. TSLS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PLTZ achieves a 4.28% return, which is significantly higher than TSLS's 3.13% return.
PLTZ
- 1D
- 13.03%
- 1M
- -4.65%
- YTD
- 4.28%
- 6M
- -1.19%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLS
- 1D
- 0.10%
- 1M
- -8.14%
- YTD
- 3.13%
- 6M
- 2.01%
- 1Y
- -28.79%
- 3Y*
- -38.33%
- 5Y*
- —
- 10Y*
- —
PLTZ vs. TSLS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PLTZ Defiance Daily Target 2X Short PLTR ETF | 4.28% | -64.39% |
TSLS Direxion Daily TSLA Bear 1X Shares | 3.13% | -39.47% |
Correlation
The correlation between PLTZ and TSLS is 0.32, 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 | 0.32 |
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. TSLS — Risk / Return Rank
PLTZ
TSLS
PLTZ vs. TSLS - 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 TSLA Bear 1X Shares (TSLS). 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 | TSLS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.62 | -0.54 | -0.09 |
Drawdowns
PLTZ vs. TSLS - Drawdown Comparison
The maximum PLTZ drawdown since its inception was -70.28%, smaller than the maximum TSLS drawdown of -90.73%. Use the drawdown chart below to compare losses from any high point for PLTZ and TSLS.
Loading charts...
Drawdown Indicators
| PLTZ | TSLS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.28% | -90.73% | +20.45% |
Max Drawdown (1Y)Largest decline over 1 year | — | -46.42% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -84.16% | — |
Current DrawdownCurrent decline from peak | -62.87% | -89.60% | +26.73% |
Average DrawdownAverage peak-to-trough decline | -52.02% | -63.49% | +11.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 32.85% | — |
Volatility
PLTZ vs. TSLS - Volatility Comparison
Loading charts...
Volatility by Period
| PLTZ | TSLS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 12.06% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 27.72% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 101.99% | 46.68% | +55.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 101.99% | 58.76% | +43.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.99% | 58.76% | +43.23% |
PLTZ vs. TSLS - Expense Ratio Comparison
PLTZ has a 1.29% expense ratio, which is higher than TSLS's 1.07% expense ratio.
Dividends
PLTZ vs. TSLS - Dividend Comparison
PLTZ has not paid dividends to shareholders, while TSLS's dividend yield for the trailing twelve months is around 3.39%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
PLTZ Defiance Daily Target 2X Short PLTR ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TSLS Direxion Daily TSLA Bear 1X Shares | 3.39% | 4.30% | 7.62% | 4.52% | 3.46% |
Frequently Asked Questions
PLTZ and TSLS have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSLS is cheaper at 1.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSLS is cheaper with a 1.07% expense ratio, compared with 1.29% for PLTZ.
TSLS has the higher dividend yield at 3.39%, compared with 0.00% for PLTZ.
They also come from different issuers: Defiance and Direxion. Their fees differ too: 1.29% for PLTZ and 1.07% for TSLS.
Find the right allocation for PLTZ and TSLS
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