SOXS vs. PLTZ

Last updated Jun 24, 2026

SOXS (Direxion Daily Semiconductor Bear 3x Shares) and PLTZ (Defiance Daily Target 2X Short PLTR ETF) are both Inverse Equities funds. SOXS is passively managed, while PLTZ is actively managed. Over the past year, SOXS returned -97.76% vs -35.88% for PLTZ. At a 0.26 correlation, their price movements are largely independent. SOXS charges 1.08%/yr vs 1.29%/yr for PLTZ.

Performance

SOXS vs. PLTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Semiconductor Bear 3x Shares (SOXS) 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, SOXS achieves a -93.50% return, which is significantly lower than PLTZ's 48.68% return.

SOXS

• 1D: 22.42%
• 1M: -47.74%
• YTD: -93.50%
• 6M: -93.24%
• 1Y: -97.76%
• 3Y*: -87.41%
• 5Y*: -80.25%
• 10Y*: -79.54%

PLTZ

• 1D: 4.41%
• 1M: 22.41%
• YTD: 48.68%
• 6M: 76.10%
• 1Y: -35.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOXS vs. PLTZ - Yearly Performance Comparison

	2026 (YTD)	2025
SOXS Direxion Daily Semiconductor Bear 3x Shares	-93.50%	-70.65%
PLTZ Defiance Daily Target 2X Short PLTR ETF	48.68%	-67.07%

Correlation

The correlation between SOXS and PLTZ is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (All Time) Calculated using the full available price history since Jun 6, 2025	0.26

Return for Risk

SOXS vs. PLTZ — Risk / Return Rank

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

SOXS

SOXS Risk / Return Rank: 1
SOXS Sharpe Ratio Rank: 2
SOXS Sortino Ratio Rank: 0
SOXS Omega Ratio Rank: 0
SOXS Calmar Ratio Rank: 0
SOXS Martin Ratio Rank: 1

PLTZ

PLTZ Risk / Return Rank: 7
PLTZ Sharpe Ratio Rank: 6
PLTZ Sortino Ratio Rank: 8
PLTZ Omega Ratio Rank: 8
PLTZ Calmar Ratio Rank: 4
PLTZ Martin Ratio Rank: 6

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.

SOXS vs. PLTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bear 3x Shares (SOXS) 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.

	SOXS	PLTZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.83	-0.35	-0.48
Sortino ratio: Return per unit of downside risk	-3.41	0.11	-3.52
Omega ratio: Gain probability vs. loss probability	0.63	1.01	-0.38
Calmar ratio: Return relative to maximum drawdown	-1.00	-0.53	-0.47
Martin ratio: Return relative to average drawdown	-1.51	-0.70	-0.81

SOXS vs. PLTZ - Sharpe Ratio Comparison

The current SOXS Sharpe Ratio is -0.83, which is lower than the PLTZ Sharpe Ratio of -0.35. The chart below compares the historical Sharpe Ratios of SOXS and PLTZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SOXS vs. PLTZ - Drawdown Comparison

The maximum SOXS drawdown since its inception was -100.00%, which is greater than PLTZ's maximum drawdown of -72.51%. Use the drawdown chart below to compare losses from any high point for SOXS and PLTZ.

Drawdown Indicators

	SOXS	PLTZ	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-72.51%	-27.49%
Max Drawdown (1Y) Largest decline over 1 year	-97.94%	-67.51%	-30.43%
Max Drawdown (3Y) Largest decline over 3 years	-99.87%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-99.98%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-100.00%	—	—
Current Drawdown Current decline from peak	-100.00%	-51.04%	-48.96%
Average Drawdown Average peak-to-trough decline	-92.61%	-55.64%	-36.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	67.48%	51.01%	+16.47%

Volatility

SOXS vs. PLTZ - Volatility Comparison

Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a higher volatility of 66.67% compared to Defiance Daily Target 2X Short PLTR ETF (PLTZ) at 39.87%. This indicates that SOXS's price experiences larger fluctuations and is considered to be riskier than PLTZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOXS	PLTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	66.67%	39.87%	+26.80%
Volatility (6M) Calculated over the trailing 6-month period	100.39%	76.47%	+23.92%
Volatility (1Y) Calculated over the trailing 1-year period	117.32%	102.92%	+14.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	111.39%	101.96%	+9.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	102.09%	101.96%	+0.13%

SOXS vs. PLTZ - Expense Ratio Comparison

SOXS has a 1.08% expense ratio, which is lower than PLTZ's 1.29% expense ratio.

Dividends

SOXS vs. PLTZ - Dividend Comparison

SOXS's dividend yield for the trailing twelve months is around 83.05%, 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%
SOXS Direxion Daily Semiconductor Bear 3x Shares	83.05%	10.79%	5.45%	9.22%	0.19%	0.00%	3.58%	2.30%	0.76%

Frequently Asked Questions

Can I hold both SOXS and PLTZ in my portfolio?

SOXS and PLTZ have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SOXS or PLTZ?

SOXS has higher volatility (66.67%) compared to PLTZ (39.87%). In terms of maximum drawdown, SOXS dropped -100.00% vs PLTZ's -72.51%.

Which ETF is better, SOXS or PLTZ?

On 1-year performance, PLTZ leads with -35.88% vs -97.76% for SOXS. On fees, SOXS is cheaper at 1.08% per year. On volatility, PLTZ has been the lower-risk option at 39.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SOXS or PLTZ?

Over the 1-year period, PLTZ has performed better with a -35.88% return vs -97.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SOXS or PLTZ?

SOXS is cheaper with a 1.08% expense ratio, compared with 1.29% for PLTZ.

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

SOXS has the higher dividend yield at 83.05%, compared with 0.00% for PLTZ.

What is the main difference between SOXS and PLTZ?

They also come from different issuers: Direxion and Defiance. Their fees differ too: 1.08% for SOXS and 1.29% for PLTZ.

Which has better risk-adjusted returns?

PLTZ currently has the higher Sharpe Ratio (-0.35 vs -0.83), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.