Skip to content
etf.net

PLTZ vs TSLS

Daily Target 2X Short PLTR ETF

PLTZBNasdaq

Direxion Daily TSLA Bear 1X ETF

TSLSANasdaq

Overlap

Expense ratio

TSLS −0.36pt a year

PLTZ1.31%TSLS0.95%

Avg volume · 30D

PLTZ 8.5×the volume

PLTZ3.5MTSLS410K

PLTZ vs TSLS Performance

Oct 31, 2025 – Oct 30, 2026

−65.6%PLTZ+1.0%TSLS

Oct 31, 2025 to Oct 30, 2026. PLTZ −65.6%. TSLS +1.0%. Use the arrow keys to read each point.50%100%Oct 2025Apr 2026Oct 2026
Expense ratio
PLTZ 1.31%
TSLS 0.95%, better
Fund size
PLTZ $31M
TSLS $39M
1Y total return
PLTZ −65.6%
TSLS +1.0%, better
Yield (12M)
PLTZ No data
TSLS 3.11%
Holdings
PLTZ 3
TSLS 4
Avg volume (30D)
PLTZ 3.5M sh, better
TSLS 410K sh
NAV per share
PLTZ $7.74
TSLS $50.04
52W range

ETF.net Grade

PLTZ: Cost 49, Risk 50, Mission 95, Tradability 64, Holdings not scored, Durability 65. TSLS: Cost 97, Risk 75, Mission 87, Tradability 45, Holdings not scored, Durability 82.
Pillar letters and Scores for PLTZ, TSLS, with each pillar’s weight
PillarPLTZTSLS
Cost30% weightC49A97Higher
Mission25% weightA95HigherA87
Risk15% weightC50A75Higher
Tradability15% weightB64HigherC45
Holdings10% weightNot scoredNot scored
Durability5% weightB65A82Higher

Rank among Single-Stock Inverse funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. PLTZ and TSLS are both graded against the same 43 Single-Stock Inverse funds, so their Grades compare head to head.

Single-Stock Inverse⁠

Category · 43 funds
See all 43 ›

TSLS ranks 3rd and PLTZ 18th of 43 funds in the Single-Stock Inverse Category.

  1. Rank 1AAAPDDirexion Daily AAPL Bear 1X ETFScore 86
  2. Rank 2ATSDDGraniteShares 2x Short TSLA Daily ETFScore 84
  3. Rank 3ASKHZLeverage Shares 1X Short SK Hynix Daily ETFScore 81
  4. Rank 3ATSLSDirexion Daily TSLA Bear 1X ETFScore 81
  5. Rank 5AAMZDDirexion Daily AMZN Bear 1X ETFScore 80
  6. Rank 17BMSTZT-REX 2X Inverse MSTR Daily Target ETFScore 67
  7. Rank 18BPLTZDaily Target 2X Short PLTR ETFScore 65
  8. Rank 19BNVDQT-REX 2X Inverse NVIDIA Daily Target ETFScore 64

Our read on each fund

ETF.net Research

PLTZBDaily Target 2X Short PLTR ETF

TSLSADirexion Daily TSLA Bear 1X ETF

In short

PLTZ Palantir's double-dose bear trade. PLTZ aims for two times the inverse of PLTR's daily move using swaps and options, with a daily reset that makes it a short-horizon tool rather than a set-and-forget short.

TSLS The plain short on Tesla: TSLS aims for -1x the stock's daily move, with no leverage stacked on top. Among the small group of Tesla bear funds, it is the cheapest, and the one that dials risk down rather than up.

Stated mandate

PLTZ The Fund seeks daily investment results equal to two times the inverse of the daily percentage change in Palantir Technologies Inc. common stock, using swaps and/or listed options.

TSLS The Fund seeks daily inverse investment results by maintaining short exposure to TSLA of approximately -100% of its net assets and generally rebalancing that exposure each trading day.

Why people hold it

  • PLTZ Twice the dose. PLTZ targets -2x Palantir's daily move, while Direxion's Palantir bear fund is built at 1x. Same thesis, double the daily sensitivity.direxion.com
  • Hits what it promises: the fund has tracked its stated -2x daily objective closely, and it stands in the upper half of the single-stock bear group overall.
  • At 1.31% with no waiver in play, the fee lands near the category median. Cheaper 1x bears exist, like SKHZ at 0.75%, but they move one-for-one, not two.
  • It is a 1940-Act fund using swaps and listed options, so the short exposure arrives as a share in a regular brokerage account, with no stock borrow to locate.defianceetfs.com
  • TSLS Cheapest of the Tesla short funds at 0.95%, undercutting TSDD (1.13%) and TSLZ (1.05%), and running well below the typical inverse single-stock ETF.
  • Inverse, not leveraged inverse. One unit of short Tesla exposure per dollar, which keeps daily compounding drag milder than the -2x versions of the same trade.direxion.com
  • Trading since 2022 and one of the stronger implementations in the inverse single-stock crowd, with enough daily volume to make in-and-out trading practical.

Worth knowing

  • PLTZ The -2x target resets every day. Hold longer and compounding takes over, so multi-day results can drift well away from twice the inverse of PLTR's move.defianceetfs.com
  • One stock, one direction. Everything rides on Palantir, a famously jumpy name, and the 2x multiple magnifies those swings in both directions.
  • Launched in 2025 and still a small fund, it trades actively but has a shorter track record than the 1x bear veterans it competes with.
  • TSLS Exposure resets every trading day. Over any stretch longer than a day, Tesla's volatility compounds and results can drift well away from -1x the stock's move.direxion.com
  • Direxion calls it a short-term trading vehicle that is not appropriate for investors who will not actively monitor it.sec.gov
  • One company, one story. An earnings print, a product event or a headline about its CEO moves the whole position.

Full PLTZ profile⁠

Full TSLS profile⁠

PLTZ vs TSLS Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

PLTZ vs TSLS Cost

Overpaying PLTZ vs TSLS

$5,650

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • PLTZ 1.31%

    $23,519

  • TSLS 0.95%

    $17,869

$10,000
30 years

Cost over time

  • PLTZ 1.31%
  • TSLS 0.95%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530PLTZ $23,519TSLS $17,869

Year by year

YearPLTZTSLSOverpaying
10$2,280$1,678$602
20$8,450$6,322$2,128
30$23,519$17,869$5,650

Expense ratio

  • 1.31%PLTZ
  • 0.95%TSLS, cheaper
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

TSLS 2nd cheapest of 43 funds

PLTZ 27th cheapest of 43 funds

PLTZ vs TSLS Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
PLTZ No data
TSLS 3.11%
Payout (12M)
PLTZ None
TSLS $1.57
Last payment
PLTZ No data
TSLS $0.40
Ex-dividend
PLTZ No data
TSLS Sep 22, 2026
Paid on
PLTZ No data
TSLS Sep 29, 2026
Frequency
PLTZ No data
TSLS Quarterly

Distribution history

Per share, 2022 to 2026, same scale for both

PLTZAll PLTZ payments⁠

No distribution history available.

TSLSQuarterly · 18 paymentsAll TSLS payments⁠
One bar per payment. 18 payments from 2022 to 2026 YTD. Sep 20, 2022 $0.23; Dec 8, 2022 $16.19; Dec 20, 2022 $0.56; Mar 21, 2023 $2.55; Jun 21, 2023 $1.86; Sep 19, 2023 $1.80; Dec 21, 2023 $2.29; Mar 19, 2024 $2.40; Jun 25, 2024 $1.68; Sep 24, 2024 $1.39; Dec 23, 2024 $0.66; Mar 25, 2025 $0.76; Jun 24, 2025 $0.53; Sep 23, 2025 $0.40; Dec 23, 2025 $0.49; Mar 24, 2026 $0.34; Jun 23, 2026 $0.34; Sep 22, 2026 $0.40. Use the arrow keys to read each point.$0$1020232026YTD

PLTZ vs TSLS Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
PLTZ 109.7%since Jul 2025TSLS 51.7%
Return per unit of riskSharpe ratio, 3 years
PLTZ −0.72since Jul 2025TSLS −0.76
Worst fallMax drawdown, 5 years
PLTZ −91.0%since Jun 2025TSLS −90.7%since Aug 2022
Market sensitivityBeta, 5 years
PLTZ −1.36TSLS −1.41

Popular comparisons

  • PLTZBvsAAPDA

    Daily Target 2X Short PLTR ETF · Direxion Daily AAPL Bear 1X ETF

    Expense ratio
    1.31% · 0.96%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TSLSAvsAAPDA

    Direxion Daily TSLA Bear 1X ETF · Direxion Daily AAPL Bear 1X ETF

    Expense ratio
    0.95% · 0.96%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PLTZBvsTSDDA

    Daily Target 2X Short PLTR ETF · GraniteShares 2x Short TSLA Daily ETF

    Expense ratio
    1.31% · 0.98%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TSLSAvsTSDDA

    Direxion Daily TSLA Bear 1X ETF · GraniteShares 2x Short TSLA Daily ETF

    Expense ratio
    0.95% · 0.98%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PLTZBvsSKHZA

    Daily Target 2X Short PLTR ETF · Leverage Shares 1X Short SK Hynix Daily ETF

    Expense ratio
    1.31% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • TSLSAvsSKHZA

    Direxion Daily TSLA Bear 1X ETF · Leverage Shares 1X Short SK Hynix Daily ETF

    Expense ratio
    0.95% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.