TSLZ vs. PLTZ

Last updated Jun 24, 2026

TSLZ (T-Rex 2X Inverse Tesla Daily Target ETF) and PLTZ (Defiance Daily Target 2X Short PLTR ETF) are both Inverse Equities funds. Both are actively managed. Over the past year, TSLZ returned -51.89% vs -35.88% for PLTZ. At a 0.34 correlation, their price movements are largely independent. TSLZ charges 1.05%/yr vs 1.29%/yr for PLTZ.

Performance

TSLZ vs. PLTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) 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, TSLZ achieves a 11.42% return, which is significantly lower than PLTZ's 48.68% return.

TSLZ

• 1D: 11.56%
• 1M: 18.35%
• YTD: 11.42%
• 6M: 29.37%
• 1Y: -51.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

TSLZ vs. PLTZ - Yearly Performance Comparison

	2026 (YTD)	2025
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF	11.42%	-72.51%
PLTZ Defiance Daily Target 2X Short PLTR ETF	48.68%	-67.07%

Correlation

The correlation between TSLZ and PLTZ is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (All Time) Calculated using the full available price history since Jun 6, 2025	0.34

Return for Risk

TSLZ vs. PLTZ — Risk / Return Rank

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

TSLZ

TSLZ Risk / Return Rank: 4
TSLZ Sharpe Ratio Rank: 4
TSLZ Sortino Ratio Rank: 5
TSLZ Omega Ratio Rank: 5
TSLZ Calmar Ratio Rank: 3
TSLZ Martin Ratio Rank: 5

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.

TSLZ vs. PLTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) 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.

	TSLZ	PLTZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.60	-0.35	-0.25
Sortino ratio: Return per unit of downside risk	-0.58	0.11	-0.69
Omega ratio: Gain probability vs. loss probability	0.94	1.01	-0.08
Calmar ratio: Return relative to maximum drawdown	-0.71	-0.53	-0.18
Martin ratio: Return relative to average drawdown	-0.91	-0.70	-0.20

TSLZ vs. PLTZ - Sharpe Ratio Comparison

The current TSLZ Sharpe Ratio is -0.60, which is lower than the PLTZ Sharpe Ratio of -0.35. The chart below compares the historical Sharpe Ratios of TSLZ 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

TSLZ vs. PLTZ - Drawdown Comparison

The maximum TSLZ drawdown since its inception was -99.11%, which is greater than PLTZ's maximum drawdown of -72.51%. Use the drawdown chart below to compare losses from any high point for TSLZ and PLTZ.

Drawdown Indicators

	TSLZ	PLTZ	Difference
Max Drawdown Largest peak-to-trough decline	-99.11%	-72.51%	-26.60%
Max Drawdown (1Y) Largest decline over 1 year	-72.88%	-67.51%	-5.37%
Current Drawdown Current decline from peak	-98.83%	-51.04%	-47.79%
Average Drawdown Average peak-to-trough decline	-75.70%	-55.64%	-20.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	57.22%	51.01%	+6.21%

Volatility

TSLZ vs. PLTZ - Volatility Comparison

The current volatility for T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) is 27.70%, while Defiance Daily Target 2X Short PLTR ETF (PLTZ) has a volatility of 39.87%. This indicates that TSLZ experiences smaller price fluctuations and is considered to be less risky than PLTZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSLZ	PLTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.70%	39.87%	-12.17%
Volatility (6M) Calculated over the trailing 6-month period	56.77%	76.47%	-19.70%
Volatility (1Y) Calculated over the trailing 1-year period	88.07%	102.92%	-14.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	116.88%	101.96%	+14.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	116.88%	101.96%	+14.92%

TSLZ vs. PLTZ - Expense Ratio Comparison

TSLZ has a 1.05% expense ratio, which is lower than PLTZ's 1.29% expense ratio.

Dividends

TSLZ vs. PLTZ - Dividend Comparison

TSLZ's dividend yield for the trailing twelve months is around 0.62%, while PLTZ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
PLTZ Defiance Daily Target 2X Short PLTR ETF	0.00%	0.00%	0.00%	0.00%
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF	0.62%	0.69%	2.08%	12.15%

Frequently Asked Questions

Can I hold both TSLZ and PLTZ in my portfolio?

TSLZ and PLTZ have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSLZ or PLTZ?

PLTZ has higher volatility (39.87%) compared to TSLZ (27.70%). In terms of maximum drawdown, TSLZ dropped -99.11% vs PLTZ's -72.51%.

Which ETF is better, TSLZ or PLTZ?

On 1-year performance, PLTZ leads with -35.88% vs -51.89% for TSLZ. On fees, TSLZ is cheaper at 1.05% per year. On volatility, TSLZ has been the lower-risk option at 27.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSLZ or PLTZ?

Over the 1-year period, PLTZ has performed better with a -35.88% return vs -51.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSLZ or PLTZ?

TSLZ is cheaper with a 1.05% expense ratio, compared with 1.29% for PLTZ.

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

TSLZ has the higher dividend yield at 0.62%, compared with 0.00% for PLTZ.

What is the main difference between TSLZ and PLTZ?

They also come from different issuers: T-Rex and Defiance. Their fees differ too: 1.05% for TSLZ and 1.29% for PLTZ.

Which has better risk-adjusted returns?

PLTZ currently has the higher Sharpe Ratio (-0.35 vs -0.60), 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.