RGTZ vs. SHRT
RGTZ (Defiance Daily Target 2X Short RGTI ETF) and SHRT (Gotham Short Strategies ETF) are both Inverse Equities funds. Both are actively managed. At a 0.44 correlation, their price movements are largely independent. RGTZ charges 1.29%/yr vs 1.35%/yr for SHRT.
Performance
RGTZ vs. SHRT - Performance Comparison
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Returns By Period
In the year-to-date period, RGTZ achieves a -85.91% return, which is significantly lower than SHRT's -17.20% return.
RGTZ
- 1D
- 20.31%
- 1M
- -76.68%
- YTD
- -85.91%
- 6M
- -85.92%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHRT
- 1D
- 0.32%
- 1M
- -4.10%
- YTD
- -17.20%
- 6M
- -15.30%
- 1Y
- -21.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RGTZ vs. SHRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RGTZ Defiance Daily Target 2X Short RGTI ETF | -85.91% | 32.65% |
SHRT Gotham Short Strategies ETF | -17.20% | 3.47% |
Correlation
The correlation between RGTZ and SHRT is 0.44, 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 10, 2025 | 0.44 |
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Return for Risk
RGTZ vs. SHRT — Risk / Return Rank
RGTZ
SHRT
RGTZ vs. SHRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short RGTI ETF (RGTZ) and Gotham Short Strategies ETF (SHRT). 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.
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Sharpe Ratios by Period
| RGTZ | SHRT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -1.67 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.43 | -0.79 | +0.37 |
Drawdowns
RGTZ vs. SHRT - Drawdown Comparison
The maximum RGTZ drawdown since its inception was -92.92%, which is greater than SHRT's maximum drawdown of -25.98%. Use the drawdown chart below to compare losses from any high point for RGTZ and SHRT.
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Drawdown Indicators
| RGTZ | SHRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.92% | -25.98% | -66.94% |
Max Drawdown (1Y)Largest decline over 1 year | — | -22.73% | — |
Current DrawdownCurrent decline from peak | -91.48% | -25.74% | -65.74% |
Average DrawdownAverage peak-to-trough decline | -40.13% | -8.12% | -32.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 10.40% | — |
Volatility
RGTZ vs. SHRT - Volatility Comparison
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Volatility by Period
| RGTZ | SHRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.29% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.96% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 218.54% | 13.04% | +205.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 218.54% | 12.78% | +205.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 218.54% | 12.78% | +205.76% |
RGTZ vs. SHRT - Expense Ratio Comparison
RGTZ has a 1.29% expense ratio, which is lower than SHRT's 1.35% expense ratio.
Dividends
RGTZ vs. SHRT - Dividend Comparison
RGTZ has not paid dividends to shareholders, while SHRT's dividend yield for the trailing twelve months is around 0.08%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
RGTZ Defiance Daily Target 2X Short RGTI ETF | 0.00% | 0.00% | 0.00% | 0.00% |
SHRT Gotham Short Strategies ETF | 0.08% | 0.07% | 0.85% | 0.27% |
Frequently Asked Questions
RGTZ and SHRT have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RGTZ is cheaper at 1.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RGTZ is cheaper with a 1.29% expense ratio, compared with 1.35% for SHRT.
SHRT has the higher dividend yield at 0.08%, compared with 0.00% for RGTZ.
They also come from different issuers: Defiance ETFs and Gotham. Their fees differ too: 1.29% for RGTZ and 1.35% for SHRT.
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