RGTZ vs. SH
RGTZ (Defiance Daily Target 2X Short RGTI ETF) and SH (ProShares Short S&P500) are both Inverse Equities funds. RGTZ is actively managed, while SH is passively managed. A 0.51 correlation means they provide meaningful diversification when combined. RGTZ charges 1.29%/yr vs 0.89%/yr for SH.
Performance
RGTZ vs. SH - Performance Comparison
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Returns By Period
In the year-to-date period, RGTZ achieves a -85.18% return, which is significantly lower than SH's -5.55% return.
RGTZ
- 1D
- 1.25%
- 1M
- 16.13%
- YTD
- -85.18%
- 6M
- -81.74%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SH
- 1D
- 1.41%
- 1M
- 1.68%
- YTD
- -5.55%
- 6M
- -4.58%
- 1Y
- -14.55%
- 3Y*
- -11.90%
- 5Y*
- -8.40%
- 10Y*
- -12.90%
RGTZ vs. SH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RGTZ Defiance Daily Target 2X Short RGTI ETF | -85.18% | 7.21% |
SH ProShares Short S&P500 | -5.55% | -0.32% |
Correlation
The correlation between RGTZ and SH is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 9, 2025 | 0.51 |
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Return for Risk
RGTZ vs. SH — Risk / Return Rank
RGTZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SH
RGTZ vs. SH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short RGTI ETF (RGTZ) and ProShares Short S&P500 (SH). 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 | SH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.82 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.89 | — |
| Martin ratioReturn relative to average drawdown | — | -1.67 | — |
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Drawdowns
RGTZ vs. SH - Drawdown Comparison
The maximum RGTZ drawdown since its inception was -92.92%, roughly equal to the maximum SH drawdown of -94.66%. Use the drawdown chart below to compare losses from any high point for RGTZ and SH.
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Drawdown Indicators
| RGTZ | SH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.92% | -94.66% | +1.74% |
Max Drawdown (1Y)Largest decline over 1 year | — | -16.42% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -38.82% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -44.53% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -76.12% | — |
Current DrawdownCurrent decline from peak | -91.04% | -94.48% | +3.44% |
Average DrawdownAverage peak-to-trough decline | -44.54% | -67.78% | +23.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 9.62% | — |
Volatility
RGTZ vs. SH - Volatility Comparison
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Volatility by Period
| RGTZ | SH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.80% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.83% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 218.33% | 12.46% | +205.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 218.33% | 16.95% | +201.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 218.33% | 18.03% | +200.30% |
RGTZ vs. SH - Expense Ratio Comparison
RGTZ has a 1.29% expense ratio, which is higher than SH's 0.89% expense ratio.
Dividends
RGTZ vs. SH - Dividend Comparison
RGTZ has not paid dividends to shareholders, while SH's dividend yield for the trailing twelve months is around 4.39%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
RGTZ Defiance Daily Target 2X Short RGTI ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SH ProShares Short S&P500 | 4.39% | 4.49% | 6.20% | 5.37% | 1.08% | 0.00% | 0.16% | 1.76% | 1.01% | 0.06% |
Frequently Asked Questions
RGTZ and SH have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SH is cheaper at 0.89% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SH is cheaper with a 0.89% expense ratio, compared with 1.29% for RGTZ.
SH has the higher dividend yield at 4.39%, compared with 0.00% for RGTZ.
They also come from different issuers: Defiance ETFs and ProShares. Their fees differ too: 1.29% for RGTZ and 0.89% for SH.
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