RGTZ vs. CARD
RGTZ (Defiance Daily Target 2X Short RGTI ETF) and CARD (Max Auto Industry -3X Inverse Leveraged ETN) are both Inverse Equities funds. RGTZ is actively managed, while CARD is passively managed. At a 0.43 correlation, their price movements are largely independent. RGTZ charges 1.29%/yr vs 0.95%/yr for CARD.
Performance
RGTZ vs. CARD - Performance Comparison
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Returns By Period
In the year-to-date period, RGTZ achieves a -82.75% return, which is significantly lower than CARD's 3.44% return.
RGTZ
- 1D
- 16.36%
- 1M
- 35.13%
- YTD
- -82.75%
- 6M
- -79.60%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CARD
- 1D
- -2.38%
- 1M
- 1.10%
- YTD
- 3.44%
- 6M
- 15.94%
- 1Y
- -32.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RGTZ vs. CARD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RGTZ Defiance Daily Target 2X Short RGTI ETF | -82.75% | 7.21% |
CARD Max Auto Industry -3X Inverse Leveraged ETN | 3.44% | -12.38% |
Correlation
The correlation between RGTZ and CARD is 0.43, 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 Oct 9, 2025 | 0.43 |
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Return for Risk
RGTZ vs. CARD — Risk / Return Rank
RGTZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CARD
RGTZ vs. CARD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short RGTI ETF (RGTZ) and Max Auto Industry -3X Inverse Leveraged ETN (CARD). 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.
| RGTZ | CARD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.97 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.70 | — |
| Martin ratioReturn relative to average drawdown | — | -1.02 | — |
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Drawdowns
RGTZ vs. CARD - Drawdown Comparison
The maximum RGTZ drawdown since its inception was -92.92%, roughly equal to the maximum CARD drawdown of -93.51%. Use the drawdown chart below to compare losses from any high point for RGTZ and CARD.
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Drawdown Indicators
| RGTZ | CARD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.92% | -93.51% | +0.59% |
Max Drawdown (1Y)Largest decline over 1 year | — | -46.42% | — |
Current DrawdownCurrent decline from peak | -89.58% | -92.23% | +2.65% |
Average DrawdownAverage peak-to-trough decline | -44.80% | -68.74% | +23.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 31.58% | — |
Volatility
RGTZ vs. CARD - Volatility Comparison
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Volatility by Period
| RGTZ | CARD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 23.68% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 52.62% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 218.57% | 70.15% | +148.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 218.57% | 80.69% | +137.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 218.57% | 80.69% | +137.88% |
RGTZ vs. CARD - Expense Ratio Comparison
RGTZ has a 1.29% expense ratio, which is higher than CARD's 0.95% expense ratio.
Dividends
RGTZ vs. CARD - Dividend Comparison
Neither RGTZ nor CARD has paid dividends to shareholders.
Frequently Asked Questions
RGTZ and CARD have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CARD is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CARD is cheaper with a 0.95% expense ratio, compared with 1.29% for RGTZ.
RGTZ and CARD have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance ETFs and Max. Their fees differ too: 1.29% for RGTZ and 0.95% for CARD.
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