SMQ vs. PLTZ
SMQ (Tradr 1X Short Innovation 100 Monthly ETF) and PLTZ (Defiance Daily Target 2X Short PLTR ETF) are both Inverse Equities funds. Both are actively managed. At a 0.43 correlation, their price movements are largely independent. SMQ charges 1.50%/yr vs 1.29%/yr for PLTZ.
Performance
SMQ vs. PLTZ - Performance Comparison
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Returns By Period
In the year-to-date period, SMQ achieves a -15.77% return, which is significantly lower than PLTZ's 14.08% return.
SMQ
- 1D
- 4.62%
- 1M
- -3.50%
- YTD
- -15.77%
- 6M
- -14.26%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PLTZ
- 1D
- 8.60%
- 1M
- -11.35%
- YTD
- 14.08%
- 6M
- 15.33%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMQ vs. PLTZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMQ Tradr 1X Short Innovation 100 Monthly ETF | -15.77% | 0.39% |
PLTZ Defiance Daily Target 2X Short PLTR ETF | 14.08% | -14.75% |
Correlation
The correlation between SMQ and PLTZ 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 Dec 2, 2025 | 0.43 |
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Return for Risk
SMQ vs. PLTZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 1X Short Innovation 100 Monthly ETF (SMQ) 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.
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
| SMQ | PLTZ | Difference | |
|---|---|---|---|
Sharpe Ratio (All Time)Calculated using the full available price history | -1.47 | -0.59 | -0.89 |
Drawdowns
SMQ vs. PLTZ - Drawdown Comparison
The maximum SMQ drawdown since its inception was -27.62%, smaller than the maximum PLTZ drawdown of -70.28%. Use the drawdown chart below to compare losses from any high point for SMQ and PLTZ.
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Drawdown Indicators
| SMQ | PLTZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.62% | -70.28% | +42.66% |
Current DrawdownCurrent decline from peak | -23.66% | -59.38% | +35.72% |
Average DrawdownAverage peak-to-trough decline | -7.66% | -52.09% | +44.43% |
Volatility
SMQ vs. PLTZ - Volatility Comparison
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Volatility by Period
| SMQ | PLTZ | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 19.18% | 101.97% | -82.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.18% | 101.97% | -82.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.18% | 101.97% | -82.79% |
SMQ vs. PLTZ - Expense Ratio Comparison
SMQ has a 1.50% expense ratio, which is higher than PLTZ's 1.29% expense ratio.
Dividends
SMQ vs. PLTZ - Dividend Comparison
SMQ's dividend yield for the trailing twelve months is around 0.29%, while PLTZ has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
PLTZ Defiance Daily Target 2X Short PLTR ETF | 0.00% | 0.00% |
SMQ Tradr 1X Short Innovation 100 Monthly ETF | 0.29% | 0.25% |
Frequently Asked Questions
SMQ and PLTZ 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, PLTZ is cheaper at 1.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PLTZ is cheaper with a 1.29% expense ratio, compared with 1.50% for SMQ.
SMQ has the higher dividend yield at 0.29%, compared with 0.00% for PLTZ.
They also come from different issuers: Tradr and Defiance. Their fees differ too: 1.50% for SMQ and 1.29% for PLTZ.
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