Data as of .
PLTA vs PLTU: which held to its multiple?
Over the days both have traded, PLTA finished 2.9 points from its stated multiple and PLTU 2.6.
ETFIQ Decay Resistance Score: PLTU scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 391 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it · How it is computed
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| PLTA | PLTU | PLTA | PLTU | PLTA | PLTU | |
| 1 month | −7.4% | −7.0% | −4.5% | −4.5% | −2.9 pts | −2.6 pts |
| 3 months | +45.7% | +47.0% | +61.3% | +61.3% | −15.6 pts | −14.3 pts |
| 6 months | −6.2% | −4.9% | +21.6% | +21.6% | −27.8 pts | −26.5 pts |
| 1 year | −36.0% | −33.9% | +3.5% | +3.5% | −39.5 pts | −37.4 pts |
| Since launch | −37.8% | +113.8% | +0.6% | not meaningful | −38.3 pts | not meaningful |
| PLTA ProShares Ultra PLTR Aims to return twice the daily move of Palantir Technologies (PLTR) | PLTU Direxion Daily PLTR Bull 2X ETF Aims to return twice the daily move of Palantir Technologies (PLTR) | |
|---|---|---|
| Issuer | ProShares | Direxion |
| Sets out to return | +2x | +2x |
| On | PLTR | PLTR |
| Segment | company | company |
| Fund returned, 3 months | +45.7% | +47.0% |
| Underlying returned, 3 months | +30.7% | +30.7% |
| What the stated multiple implies, 3 months | +61.3% | +61.3% |
| Difference from stated, 3 months | −15.6 pts | −14.3 pts |
| Fund returned, 1 year or since launch | −36.0% | −33.9% |
| Difference from stated, over that window | −39.5 pts | −37.4 pts |
| Underlying volatility | 81% | 81% |
| Difference over the days both have traded | −2.9 pts | −2.6 pts |
| Expense ratio | 0.95% | 0.97% |
| Launched | Sep 10, 2025 | Dec 11, 2024 |
PLTA in plain words
Three months to Sep 11, 2026: PLTA returned +45.7% where its own daily promise gave +50.5%, 4.8 points short. Read the multiple against the whole window instead and +2 times PLTR's 30.7% implies +61.3%, which makes PLTA look 15.6 points short. 10.8 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. PLTA aims to return +2 times PLTR's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. PLTR moved at 81% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
PLTU in plain words
Three months to Sep 11, 2026: PLTU returned +47.0% where its own daily promise gave +50.5%, 3.5 points short. Read the multiple against the whole window instead and +2 times PLTR's 30.7% implies +61.3%, which makes PLTU look 14.3 points short. PLTU aims to return +2 times PLTR's move each day, then resets.
Questions people ask
- Which came closer to its stated multiple, PLTA or PLTU?
- Over the window to Sep 11, 2026, PLTA finished 15.6 points from what its multiple implies and PLTU finished 14.3 points from its own, so PLTU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are PLTA and PLTU levered on the same thing?
- Yes. Both are levered on Palantir Technologies, PLTA at +2 times and PLTU at +2 times the daily move.
- Which one decays faster, PLTA or PLTU?
- Decay follows how much the underlying moves about. Over this window PLTA’s moved at 81% annualized and PLTU’s at 81%, so PLTA has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold PLTA or PLTU for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
- Which is cheaper, PLTA or PLTU?
- PLTA charges 0.95% a year and PLTU charges 0.97%, so PLTA is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, PLTA against PLTU, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/PLTA-PLTU Free to use with attribution; the underlying files are at Open data.