SDD vs. PLTZ

Last updated Jun 6, 2026

SDD (ProShares UltraShort SmallCap600) and PLTZ (Defiance Daily Target 2X Short PLTR ETF) are both Inverse Equities funds. SDD is passively managed, while PLTZ is actively managed. At a 0.26 correlation, their price movements are largely independent. SDD charges 0.95%/yr vs 1.29%/yr for PLTZ.

Performance

SDD vs. PLTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort SmallCap600 (SDD) and Defiance Daily Target 2X Short PLTR ETF (PLTZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SDD achieves a -23.94% return, which is significantly lower than PLTZ's 14.08% return.

SDD

• 1D: 3.63%
• 1M: 2.05%
• YTD: -23.94%
• 6M: -22.77%
• 1Y: -41.53%
• 3Y*: -23.30%
• 5Y*: -14.95%
• 10Y*: -26.75%

PLTZ

• 1D: 8.60%
• 1M: -11.35%
• YTD: 14.08%
• 6M: 15.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SDD vs. PLTZ - Yearly Performance Comparison

	2026 (YTD)	2025
SDD ProShares UltraShort SmallCap600	-23.94%	-21.03%
PLTZ Defiance Daily Target 2X Short PLTR ETF	14.08%	-64.39%

Correlation

The correlation between SDD and PLTZ is 0.26, 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 Jun 9, 2025	0.26

Return for Risk

SDD vs. PLTZ — Risk / Return Rank

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

SDD

SDD Risk / Return Rank: 1
SDD Sharpe Ratio Rank: 1
SDD Sortino Ratio Rank: 1
SDD Omega Ratio Rank: 1
SDD Calmar Ratio Rank: 0
SDD Martin Ratio Rank: 1

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.

SDD vs. PLTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort SmallCap600 (SDD) and Defiance Daily Target 2X Short PLTR ETF (PLTZ). 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.

	SDD	PLTZ	Difference
Sharpe ratio: Return per unit of total volatility	-1.15	—	—
Sortino ratio: Return per unit of downside risk	-1.69	—	—
Omega ratio: Gain probability vs. loss probability	0.81	—	—
Calmar ratio: Return relative to maximum drawdown	-0.95	—	—
Martin ratio: Return relative to average drawdown	-1.56	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SDD	PLTZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.15	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.35	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.59	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.59	-0.59	0.00

Drawdowns

SDD vs. PLTZ - Drawdown Comparison

The maximum SDD drawdown since its inception was -99.93%, which is greater than PLTZ's maximum drawdown of -70.28%. Use the drawdown chart below to compare losses from any high point for SDD and PLTZ.

Drawdown Indicators

	SDD	PLTZ	Difference
Max Drawdown Largest peak-to-trough decline	-99.93%	-70.28%	-29.65%
Max Drawdown (1Y) Largest decline over 1 year	-43.74%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-65.26%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-67.68%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-96.21%	—	—
Current Drawdown Current decline from peak	-99.93%	-59.38%	-40.55%
Average Drawdown Average peak-to-trough decline	-86.92%	-52.09%	-34.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.68%	—	—

Volatility

Volatility by Period

	SDD	PLTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.35%	—	—
Volatility (6M) Calculated over the trailing 6-month period	24.32%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	36.17%	101.97%	-65.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.23%	101.97%	-58.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.16%	101.97%	-56.81%

SDD vs. PLTZ - Expense Ratio Comparison

SDD has a 0.95% expense ratio, which is lower than PLTZ's 1.29% expense ratio.

Dividends

SDD vs. PLTZ - Dividend Comparison

SDD's dividend yield for the trailing twelve months is around 6.11%, while PLTZ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
PLTZ Defiance Daily Target 2X Short PLTR ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SDD ProShares UltraShort SmallCap600	6.11%	5.07%	4.34%	3.84%	0.33%	0.00%	0.00%	1.20%	0.52%

Frequently Asked Questions

Can I hold both SDD and PLTZ in my portfolio?

SDD and PLTZ have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SDD or PLTZ?

On fees, SDD is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SDD or PLTZ?

SDD is cheaper with a 0.95% expense ratio, compared with 1.29% for PLTZ.

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

SDD has the higher dividend yield at 6.11%, compared with 0.00% for PLTZ.

What is the main difference between SDD and PLTZ?

They also come from different issuers: ProShares and Defiance. Their fees differ too: 0.95% for SDD and 1.29% for PLTZ.