Defiance Daily Target 2x Short PLTR ETF (PLTZ) — Stock Correlations & Overview
Over the past year, PLTZ has moved most closely with PLTD, FNGD, SARK. Explore the stocks most correlated and inversely correlated with PLTZ below, along with its price, financials, and company profile.
Stocks correlated with PLTZ
Correlation of daily returns. Higher positive values move with PLTZ; negative values move opposite it. Informational only, not investment advice.
Most correlated with PLTZ
| Symbol | Company | Correlation |
|---|---|---|
| PLTD | Direxion Shares ETF Trust Direxion Dailly PLTR Bear 1X ETF | 0.99 |
| FNGD | MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038COMMERCIAL BANKS, NEC | 0.55 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | 0.52 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | 0.51 |
| AIBD | Direxion Daily AI and Big Data Bear 2X ETF | 0.49 |
Most inversely correlated with PLTZ
| Symbol | Company | Correlation |
|---|---|---|
| PLTR | Palantir Technologies Inc. Class A Common StockSERVICES-PREPACKAGED SOFTWARE | -0.97 |
| PLTW | Roundhill PLTR WeeklyPay ETF | -0.96 |
| PTIR | GraniteShares 2x Long PLTR Daily ETF | -0.95 |
| PLTA | ProShares Ultra PLTR | -0.95 |
| PLTY | YieldMax PLTR Option Income Strategy ETF | -0.95 |
Frequently asked questions about PLTZ correlations
- Which stocks are most correlated with PLTZ?
- Based on one year of daily returns, the stocks most correlated with Defiance Daily Target 2x Short PLTR ETF (PLTZ) are PLTD (0.99), FNGD (0.55) and SARK (0.52). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with PLTZ?
- Over the past year, the stocks most inversely correlated with Defiance Daily Target 2x Short PLTR ETF (PLTZ) are PLTR (-0.97), PLTW (-0.96) and PTIR (-0.95). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these PLTZ correlations calculated?
- We compute the correlation of daily returns between PLTZ and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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