SMZ vs. PLTZ
SMZ (Tradr 2X Short SMR Daily ETF) and PLTZ (Defiance Daily Target 2X Short PLTR ETF) are both Inverse Equities funds. SMZ is passively managed, while PLTZ is actively managed. At a 0.30 correlation, their price movements are largely independent. SMZ charges 1.49%/yr vs 1.29%/yr for PLTZ.
Performance
SMZ vs. PLTZ - Performance Comparison
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Returns By Period
SMZ
- 1D
- -0.22%
- 1M
- -6.34%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PLTZ
- 1D
- 3.51%
- 1M
- -1.39%
- 6M
- 21.92%
- YTD
- 20.05%
- 1Y
- -43.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMZ vs. PLTZ - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
SMZ Tradr 2X Short SMR Daily ETF | 4.34% |
PLTZ Defiance Daily Target 2X Short PLTR ETF | -16.22% |
Correlation
The correlation between SMZ and PLTZ 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 |
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Return for Risk
SMZ vs. PLTZ — Risk / Return Rank
SMZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PLTZ
SMZ vs. PLTZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Short SMR Daily ETF (SMZ) 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.
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 | PLTZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.99 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.72 | — |
| Martin ratioReturn relative to average drawdown | — | -1.02 | — |
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Drawdowns
SMZ vs. PLTZ - Drawdown Comparison
The maximum SMZ drawdown since its inception was -77.30%, which is greater than PLTZ's maximum drawdown of -72.51%. Use the drawdown chart below to compare losses from any high point for SMZ and PLTZ.
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Drawdown Indicators
| SMZ | PLTZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.30% | -72.51% | -4.79% |
Max Drawdown (1Y)Largest decline over 1 year | — | -61.05% | — |
Current DrawdownCurrent decline from peak | -59.15% | -60.47% | +1.32% |
Average DrawdownAverage peak-to-trough decline | -38.88% | -55.68% | +16.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 43.10% | — |
Volatility
SMZ vs. PLTZ - Volatility Comparison
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Volatility by Period
| SMZ | PLTZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 33.35% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 78.60% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 187.85% | 103.02% | +84.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 187.85% | 102.59% | +85.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 187.85% | 102.59% | +85.26% |
SMZ vs. PLTZ - Expense Ratio Comparison
SMZ has a 1.49% expense ratio, which is higher than PLTZ's 1.29% expense ratio.
Dividends
SMZ vs. PLTZ - Dividend Comparison
Neither SMZ nor PLTZ has paid dividends to shareholders.
Frequently Asked Questions
SMZ and PLTZ 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.
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 1.49% for SMZ.
SMZ and PLTZ have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Tradr and Defiance. Their fees differ too: 1.49% for SMZ and 1.29% for PLTZ.
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