SMZ vs. PLTD

Last updated Jul 11, 2026

SMZ (Tradr 2X Short SMR Daily ETF) and PLTD (Direxion Daily PLTR Bear 1X Shares) are both Inverse Equities funds - SMZ tracks the NuScale Power Corporation (SMR) while PLTD tracks the Palantir Technologies Inc. (-100%). Both are passively managed. At a 0.30 correlation, their price movements are largely independent. SMZ charges 1.49%/yr vs 0.98%/yr for PLTD.

Performance

SMZ vs. PLTD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Short SMR Daily ETF (SMZ) and Direxion Daily PLTR Bear 1X Shares (PLTD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SMZ

• 1D: -0.22%
• 1M: -6.34%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PLTD

• 1D: 1.88%
• 1M: -0.91%
• 6M: 25.20%
• YTD: 24.63%
• 1Y: -6.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SMZ vs. PLTD - Yearly Performance Comparison

	2026 (YTD)
SMZ Tradr 2X Short SMR Daily ETF	4.34%
PLTD Direxion Daily PLTR Bear 1X Shares	1.27%

Correlation

The correlation between SMZ and PLTD is 0.30, 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 Feb 11, 2026	0.30

Return for Risk

SMZ vs. PLTD — Risk / Return Rank

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

SMZ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

PLTD

PLTD Risk / Return Rank: 8
PLTD Sharpe Ratio Rank: 8
PLTD Sortino Ratio Rank: 10
PLTD Omega Ratio Rank: 10
PLTD Calmar Ratio Rank: 7
PLTD Martin Ratio Rank: 8

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.

SMZ vs. PLTD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Short SMR Daily ETF (SMZ) and Direxion Daily PLTR Bear 1X Shares (PLTD). 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.

	SMZ	PLTD	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.12	—
Sortino ratio: Return per unit of downside risk	—	0.19	—
Omega ratio: Gain probability vs. loss probability	—	1.02	—
Calmar ratio: Return relative to maximum drawdown	—	-0.19	—
Martin ratio: Return relative to average drawdown	—	-0.35	—

Drawdowns

SMZ vs. PLTD - Drawdown Comparison

The maximum SMZ drawdown since its inception was -77.30%, roughly equal to the maximum PLTD drawdown of -77.34%. Use the drawdown chart below to compare losses from any high point for SMZ and PLTD.

Drawdown Indicators

	SMZ	PLTD	Difference
Max Drawdown Largest peak-to-trough decline	-77.30%	-77.34%	+0.04%
Max Drawdown (1Y) Largest decline over 1 year	—	-33.73%	—
Current Drawdown Current decline from peak	-59.15%	-68.08%	+8.93%
Average Drawdown Average peak-to-trough decline	-38.88%	-59.81%	+20.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	18.11%	—

Volatility

Volatility by Period

	SMZ	PLTD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	16.55%	—
Volatility (6M) Calculated over the trailing 6-month period	—	39.17%	—
Volatility (1Y) Calculated over the trailing 1-year period	187.85%	51.62%	+136.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	187.85%	63.09%	+124.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	187.85%	63.09%	+124.76%

SMZ vs. PLTD - Expense Ratio Comparison

SMZ has a 1.49% expense ratio, which is higher than PLTD's 0.98% expense ratio.

Dividends

SMZ vs. PLTD - Dividend Comparison

SMZ has not paid dividends to shareholders, while PLTD's dividend yield for the trailing twelve months is around 2.81%.

Position	TTM	2025
PLTD Direxion Daily PLTR Bear 1X Shares	2.81%	5.17%
SMZ Tradr 2X Short SMR Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both SMZ and PLTD in my portfolio?

SMZ and PLTD have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SMZ or PLTD?

On fees, PLTD is cheaper at 0.98% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SMZ or PLTD?

PLTD is cheaper with a 0.98% expense ratio, compared with 1.49% for SMZ.

Which ETF pays a higher dividend yield, SMZ or PLTD?

PLTD has the higher dividend yield at 2.81%, compared with 0.00% for SMZ.

What is the main difference between SMZ and PLTD?

SMZ tracks NuScale Power Corporation (SMR), while PLTD tracks Palantir Technologies Inc. (-100%). They also come from different issuers: Tradr and Direxion. Their fees differ too: 1.49% for SMZ and 0.98% for PLTD.