PLTZ vs. WDTE

Last updated Apr 1, 2026

Compare and contrast key facts about Defiance Daily Target 2X Short PLTR ETF (PLTZ) and Defiance S&P 500 Enhanced Options & 0DTE Income ETF (WDTE).

PLTZ and WDTE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PLTZ is an actively managed fund by Defiance. It was launched on Jun 5, 2025. WDTE is an actively managed fund by Defiance. It was launched on Sep 18, 2023.

Performance

PLTZ vs. WDTE - 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 S&P 500 Enhanced Options & 0DTE Income ETF (WDTE). The values are adjusted to include any dividend payments, if applicable.

PLTZ vs. WDTE - Yearly Performance Comparison

	2026 (YTD)	2025
PLTZ Defiance Daily Target 2X Short PLTR ETF	17.95%	-64.39%
WDTE Defiance S&P 500 Enhanced Options & 0DTE Income ETF	-3.64%	11.69%

Returns By Period

In the year-to-date period, PLTZ achieves a 17.95% return, which is significantly higher than WDTE's -3.64% return.

PLTZ

• 1D: -12.66%
• 1M: -18.37%
• YTD: 17.95%
• 6M: 2.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

WDTE

• 1D: 2.50%
• 1M: -4.49%
• YTD: -3.64%
• 6M: -1.94%
• 1Y: 12.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PLTZ vs. WDTE - Expense Ratio Comparison

PLTZ has a 1.29% expense ratio, which is higher than WDTE's 1.01% expense ratio.

PLTZ

Defiance Daily Target 2X Short PLTR ETF

WDTE

Defiance S&P 500 Enhanced Options & 0DTE Income ETF

Return for Risk

PLTZ vs. WDTE — Risk / Return Rank

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

WDTE

WDTE Risk / Return Rank: 50
WDTE Sharpe Ratio Rank: 52
WDTE Sortino Ratio Rank: 42
WDTE Omega Ratio Rank: 53
WDTE Calmar Ratio Rank: 50
WDTE Martin Ratio Rank: 52

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. WDTE - 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 S&P 500 Enhanced Options & 0DTE Income ETF (WDTE). 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.

Sharpe Ratios by Period

	PLTZ	WDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.90	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.67	0.89	-1.56

Correlation

The correlation between PLTZ and WDTE is -0.51. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

PLTZ vs. WDTE - Dividend Comparison

PLTZ has not paid dividends to shareholders, while WDTE's dividend yield for the trailing twelve months is around 37.31%.

	TTM	2025	2024	2023
PLTZ Defiance Daily Target 2X Short PLTR ETF	0.00%	0.00%	0.00%	0.00%
WDTE Defiance S&P 500 Enhanced Options & 0DTE Income ETF	37.31%	35.78%	51.80%	16.41%

Drawdowns

PLTZ vs. WDTE - Drawdown Comparison

The maximum PLTZ drawdown since its inception was -69.95%, which is greater than WDTE's maximum drawdown of -15.85%. Use the drawdown chart below to compare losses from any high point for PLTZ and WDTE.

Drawdown Indicators

	PLTZ	WDTE	Difference
Max Drawdown Largest peak-to-trough decline	-69.95%	-15.85%	-54.10%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.75%	—
Current Drawdown Current decline from peak	-58.00%	-5.34%	-52.66%
Average Drawdown Average peak-to-trough decline	-50.80%	-1.89%	-48.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.66%	—

Volatility

Volatility by Period

	PLTZ	WDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.71%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.27%	—
Volatility (1Y) Calculated over the trailing 1-year period	99.11%	13.61%	+85.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	99.11%	11.30%	+87.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	99.11%	11.30%	+87.81%