SMCZ vs. PLTZ

Last updated Jun 4, 2026

SMCZ (Defiance Daily Target 2X Short SMCI ETF) and PLTZ (Defiance Daily Target 2X Short PLTR ETF) are both Inverse Equities funds from Defiance. Both are actively managed. At a 0.36 correlation, their price movements are largely independent. Both charge a 1.29% expense ratio.

Performance

SMCZ vs. PLTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Short SMCI ETF (SMCZ) 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, SMCZ achieves a -90.14% return, which is significantly lower than PLTZ's 4.28% return.

SMCZ

• 1D: 10.93%
• 1M: -77.87%
• YTD: -90.14%
• 6M: -87.78%
• 1Y: -89.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PLTZ

• 1D: 13.03%
• 1M: -4.65%
• YTD: 4.28%
• 6M: -1.19%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SMCZ vs. PLTZ - Yearly Performance Comparison

	2026 (YTD)	2025
SMCZ Defiance Daily Target 2X Short SMCI ETF	-90.14%	-3.43%
PLTZ Defiance Daily Target 2X Short PLTR ETF	4.28%	-64.39%

Correlation

The correlation between SMCZ and PLTZ is 0.36, 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	0.36

Return for Risk

SMCZ vs. PLTZ — Risk / Return Rank

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

SMCZ

SMCZ Risk / Return Rank: 2
SMCZ Sharpe Ratio Rank: 4
SMCZ Sortino Ratio Rank: 3
SMCZ Omega Ratio Rank: 3
SMCZ Calmar Ratio Rank: 0
SMCZ Martin Ratio Rank: 0

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.

SMCZ vs. PLTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short SMCI ETF (SMCZ) 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.

	SMCZ	PLTZ	Difference
Sharpe ratio Return per unit of total volatility	-0.57	—	—
Sortino ratio Return per unit of downside risk	-0.94	—	—
Omega ratio Gain probability vs. loss probability	0.88	—	—
Calmar ratio Return relative to maximum drawdown	-0.98	—	—
Martin ratio Return relative to average drawdown	-2.00	—	—
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

	SMCZ	PLTZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.58	-0.62	+0.05

Drawdowns

SMCZ vs. PLTZ - Drawdown Comparison

The maximum SMCZ drawdown since its inception was -97.40%, which is greater than PLTZ's maximum drawdown of -70.28%. Use the drawdown chart below to compare losses from any high point for SMCZ and PLTZ.

Drawdown Indicators

	SMCZ	PLTZ	Difference
Max Drawdown Largest peak-to-trough decline	-97.40%	-70.28%	-27.12%
Max Drawdown (1Y) Largest decline over 1 year	-91.74%	—	—
Current Drawdown Current decline from peak	-97.12%	-62.87%	-34.25%
Average Drawdown Average peak-to-trough decline	-75.71%	-52.02%	-23.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	44.99%	—	—

Volatility

Volatility by Period

	SMCZ	PLTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	80.07%	—	—
Volatility (6M) Calculated over the trailing 6-month period	131.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	156.87%	101.99%	+54.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	163.39%	101.99%	+61.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	163.39%	101.99%	+61.40%

SMCZ vs. PLTZ - Expense Ratio Comparison

Both SMCZ and PLTZ have an expense ratio of 1.29%.

Dividends

SMCZ vs. PLTZ - Dividend Comparison

SMCZ's dividend yield for the trailing twelve months is around 20.59%, while PLTZ has not paid dividends to shareholders.

Position	TTM	2025
PLTZ Defiance Daily Target 2X Short PLTR ETF	0.00%	0.00%
SMCZ Defiance Daily Target 2X Short SMCI ETF	20.59%	2.03%

Frequently Asked Questions

Can I hold both SMCZ and PLTZ in my portfolio?

SMCZ and PLTZ have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SMCZ or PLTZ?

Both ETFs have the same 1.29% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SMCZ or PLTZ?

SMCZ and PLTZ have the same expense ratio: 1.29% per year.

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

SMCZ has the higher dividend yield at 20.59%, compared with 0.00% for PLTZ.