PLTZ vs. XMAG

Last updated Aug 2, 2026

PLTZ (Defiance Daily Target 2X Short PLTR ETF) and XMAG (Defiance Large Cap ex-Mag 7 ETF) are both exchange-traded funds - PLTZ is a Inverse Equities fund actively managed by Defiance, while XMAG is a Large Cap Blend Equities fund tracking the BITA US 500 ex Magnificent 7 Index. PLTZ is actively managed, while XMAG is passively managed. Over the past year, PLTZ returned -31.77% vs 21.36% for XMAG. Their -0.29 correlation means they have often moved in opposite directions in the past. PLTZ charges 1.29%/yr vs 0.35%/yr for XMAG.

Performance

PLTZ vs. XMAG - 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 Large Cap ex-Mag 7 ETF (XMAG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PLTZ achieves a 21.54% return, which is significantly higher than XMAG's 12.36% return.

PLTZ

• 1D: -1.50%
• 1M: 4.58%
• 6M: -13.72%
• YTD: 21.54%
• 1Y: -31.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -54.90%

XMAG

• 1D: -0.04%
• 1M: -1.41%
• 6M: 10.62%
• YTD: 12.36%
• 1Y: 21.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.93%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PLTZ Defiance Daily Target 2X Short PLTR ETF	$11.99M	$15.04M	$15.41M
XMAG Defiance Large Cap ex-Mag 7 ETF	$1.40M	$2.49M	$1.91M

PLTZ vs. XMAG - Yearly Performance Comparison

	2026 (YTD)	2025
PLTZ Defiance Daily Target 2X Short PLTR ETF	21.54%	-67.07%
XMAG Defiance Large Cap ex-Mag 7 ETF	12.36%	10.82%

Correlation

The correlation between PLTZ and XMAG is -0.28, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.28
Correlation (All Time) Calculated using the full available price history since Jun 6, 2025	-0.29

Return for Risk

PLTZ vs. XMAG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PLTZ

PLTZ Risk / Return Rank: 9
PLTZ Sharpe Ratio Rank: 7
PLTZ Sortino Ratio Rank: 13
PLTZ Omega Ratio Rank: 13
PLTZ Calmar Ratio Rank: 5
PLTZ Martin Ratio Rank: 5

XMAG

XMAG Risk / Return Rank: 77
XMAG Sharpe Ratio Rank: 74
XMAG Sortino Ratio Rank: 76
XMAG Omega Ratio Rank: 70
XMAG Calmar Ratio Rank: 78
XMAG Martin Ratio Rank: 84

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PLTZ vs. XMAG - 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 Large Cap ex-Mag 7 ETF (XMAG). 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	XMAG	Difference
Sharpe ratio: Return per unit of total volatility	-0.27	1.68	-1.96
Sortino ratio: Return per unit of downside risk	0.30	2.44	-2.14
Omega ratio: Gain probability vs. loss probability	1.03	1.29	-0.26
Calmar ratio: Return relative to maximum drawdown	-0.53	2.77	-3.31
Martin ratio: Return relative to average drawdown	-0.84	11.56	-12.40

PLTZ vs. XMAG - Sharpe Ratio Comparison

The current PLTZ Sharpe Ratio is -0.27, which is lower than the XMAG Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of PLTZ and XMAG, 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. XMAG - Drawdown Comparison

The maximum PLTZ drawdown since its inception was -72.51%, which is greater than XMAG's maximum drawdown of -16.17%. Use the drawdown chart below to compare losses from any high point for PLTZ and XMAG.

Drawdown Indicators

	PLTZ	XMAG	Difference
Max Drawdown Largest peak-to-trough decline	-72.51%	-16.17%	-56.34%
Max Drawdown (1Y) Largest decline over 1 year	-53.15%	-7.29%	-45.86%
Current Drawdown Current decline from peak	-59.97%	-2.76%	-57.21%
Average Drawdown Average peak-to-trough decline	-56.02%	-2.07%	-53.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.87%	1.75%	+32.12%

Volatility

PLTZ vs. XMAG - Volatility Comparison

Defiance Daily Target 2X Short PLTR ETF (PLTZ) has a higher volatility of 27.39% compared to Defiance Large Cap ex-Mag 7 ETF (XMAG) at 3.55%. This indicates that PLTZ's price experiences larger fluctuations and is considered to be riskier than XMAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PLTZ	XMAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.39%	3.55%	+23.84%
Volatility (6M) Calculated over the trailing 6-month period	80.71%	9.62%	+71.09%
Volatility (1Y) Calculated over the trailing 1-year period	104.74%	12.06%	+92.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	102.47%	15.03%	+87.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	102.47%	15.03%	+87.44%

PLTZ vs. XMAG - Expense Ratio Comparison

PLTZ has a 1.29% expense ratio, which is higher than XMAG's 0.35% expense ratio.

Dividends

PLTZ vs. XMAG - Dividend Comparison

PLTZ has not paid dividends to shareholders, while XMAG's dividend yield for the trailing twelve months is around 0.46%.

Position	TTM	2025	2024
PLTZ Defiance Daily Target 2X Short PLTR ETF	0.00%	0.00%	0.00%
XMAG Defiance Large Cap ex-Mag 7 ETF	0.46%	0.51%	0.24%

Frequently Asked Questions

Can I hold both PLTZ and XMAG in my portfolio?

PLTZ and XMAG have a correlation of -0.28, 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 XMAG?

PLTZ has higher volatility (27.39%) compared to XMAG (3.55%). In terms of maximum drawdown, PLTZ dropped -72.51% vs XMAG's -16.17%.

Which ETF is better, PLTZ or XMAG?

On 1-year performance, XMAG leads with 21.36% vs -31.77% for PLTZ. On fees, XMAG is cheaper at 0.35% per year. On volatility, XMAG has been the lower-risk option at 3.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PLTZ or XMAG?

Over the 1-year period, XMAG has performed better with a 21.36% return vs -31.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PLTZ or XMAG?

XMAG is cheaper with a 0.35% expense ratio, compared with 1.29% for PLTZ.

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

XMAG has the higher dividend yield at 0.46%, compared with 0.00% for PLTZ.

What is the main difference between PLTZ and XMAG?

PLTZ is categorized as Inverse Equities, while XMAG is Large Cap Blend Equities. Their fees differ too: 1.29% for PLTZ and 0.35% for XMAG.

Which has better risk-adjusted returns?

XMAG currently has the higher Sharpe Ratio (1.68 vs -0.27), 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.