PLTZ vs. TSLZ

Last updated Jun 24, 2026

PLTZ (Defiance Daily Target 2X Short PLTR ETF) and TSLZ (T-Rex 2X Inverse Tesla Daily Target ETF) are both Inverse Equities funds. Both are actively managed. Over the past year, PLTZ returned -35.88% vs -51.89% for TSLZ. At a 0.34 correlation, their price movements are largely independent. PLTZ charges 1.29%/yr vs 1.05%/yr for TSLZ.

Performance

PLTZ vs. TSLZ - Performance Comparison

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

Returns By Period

In the year-to-date period, PLTZ achieves a 48.68% return, which is significantly higher than TSLZ's 11.42% return.

PLTZ

• 1D: 4.41%
• 1M: 22.41%
• YTD: 48.68%
• 6M: 76.10%
• 1Y: -35.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSLZ

• 1D: 11.56%
• 1M: 18.35%
• YTD: 11.42%
• 6M: 29.37%
• 1Y: -51.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PLTZ vs. TSLZ - Yearly Performance Comparison

	2026 (YTD)	2025
PLTZ Defiance Daily Target 2X Short PLTR ETF	48.68%	-67.07%
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF	11.42%	-72.51%

Correlation

The correlation between PLTZ and TSLZ is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (All Time) Calculated using the full available price history since Jun 6, 2025	0.34

Return for Risk

PLTZ vs. TSLZ — Risk / Return Rank

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

PLTZ

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

TSLZ

TSLZ Risk / Return Rank: 4
TSLZ Sharpe Ratio Rank: 4
TSLZ Sortino Ratio Rank: 5
TSLZ Omega Ratio Rank: 5
TSLZ Calmar Ratio Rank: 3
TSLZ Martin Ratio Rank: 5

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. TSLZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short PLTR ETF (PLTZ) and T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ). 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	TSLZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.35	-0.60	+0.25
Sortino ratio: Return per unit of downside risk	0.11	-0.58	+0.69
Omega ratio: Gain probability vs. loss probability	1.01	0.94	+0.08
Calmar ratio: Return relative to maximum drawdown	-0.53	-0.71	+0.18
Martin ratio: Return relative to average drawdown	-0.70	-0.91	+0.20

PLTZ vs. TSLZ - Sharpe Ratio Comparison

The current PLTZ Sharpe Ratio is -0.35, which is higher than the TSLZ Sharpe Ratio of -0.60. The chart below compares the historical Sharpe Ratios of PLTZ and TSLZ, 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. TSLZ - Drawdown Comparison

The maximum PLTZ drawdown since its inception was -72.51%, smaller than the maximum TSLZ drawdown of -99.11%. Use the drawdown chart below to compare losses from any high point for PLTZ and TSLZ.

Drawdown Indicators

	PLTZ	TSLZ	Difference
Max Drawdown Largest peak-to-trough decline	-72.51%	-99.11%	+26.60%
Max Drawdown (1Y) Largest decline over 1 year	-67.51%	-72.88%	+5.37%
Current Drawdown Current decline from peak	-51.04%	-98.83%	+47.79%
Average Drawdown Average peak-to-trough decline	-55.64%	-75.70%	+20.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	51.01%	57.22%	-6.21%

Volatility

PLTZ vs. TSLZ - Volatility Comparison

Defiance Daily Target 2X Short PLTR ETF (PLTZ) has a higher volatility of 39.87% compared to T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) at 27.70%. This indicates that PLTZ's price experiences larger fluctuations and is considered to be riskier than TSLZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PLTZ	TSLZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	39.87%	27.70%	+12.17%
Volatility (6M) Calculated over the trailing 6-month period	76.47%	56.77%	+19.70%
Volatility (1Y) Calculated over the trailing 1-year period	102.92%	88.07%	+14.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	101.96%	116.88%	-14.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	101.96%	116.88%	-14.92%

PLTZ vs. TSLZ - Expense Ratio Comparison

PLTZ has a 1.29% expense ratio, which is higher than TSLZ's 1.05% expense ratio.

Dividends

PLTZ vs. TSLZ - Dividend Comparison

PLTZ has not paid dividends to shareholders, while TSLZ's dividend yield for the trailing twelve months is around 0.62%.

Position	TTM	2025	2024	2023
PLTZ Defiance Daily Target 2X Short PLTR ETF	0.00%	0.00%	0.00%	0.00%
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF	0.62%	0.69%	2.08%	12.15%

Frequently Asked Questions

Can I hold both PLTZ and TSLZ in my portfolio?

PLTZ and TSLZ 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.

Which is riskier, PLTZ or TSLZ?

PLTZ has higher volatility (39.87%) compared to TSLZ (27.70%). In terms of maximum drawdown, PLTZ dropped -72.51% vs TSLZ's -99.11%.

Which ETF is better, PLTZ or TSLZ?

On 1-year performance, PLTZ leads with -35.88% vs -51.89% for TSLZ. On fees, TSLZ is cheaper at 1.05% per year. On volatility, TSLZ has been the lower-risk option at 27.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PLTZ or TSLZ?

Over the 1-year period, PLTZ has performed better with a -35.88% return vs -51.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PLTZ or TSLZ?

TSLZ is cheaper with a 1.05% expense ratio, compared with 1.29% for PLTZ.

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

TSLZ has the higher dividend yield at 0.62%, compared with 0.00% for PLTZ.

What is the main difference between PLTZ and TSLZ?

They also come from different issuers: Defiance and T-Rex. Their fees differ too: 1.29% for PLTZ and 1.05% for TSLZ.

Which has better risk-adjusted returns?

PLTZ currently has the higher Sharpe Ratio (-0.35 vs -0.60), 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.