Data as of .
PLTG vs PLTZ: which held to its multiple?
Over three months against its own daily promise, PLTG finished 5.4 points short and PLTZ 0.1 points short.
ETFIQ Decay Resistance Score: PLTZ 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 | |||
|---|---|---|---|---|---|---|
| PLTG | PLTZ | PLTG | PLTZ | PLTG | PLTZ | |
| 1 month | −7.6% | −2.0% | −4.5% | +4.5% | −3.1 pts | −6.5 pts |
| 3 months | +45.1% | −68.0% | +61.3% | −61.3% | −16.2 pts | −6.7 pts |
| 6 months | −7.0% | −65.1% | +21.6% | −21.6% | −28.6 pts | −43.5 pts |
| 1 year | −36.2% | −72.0% | +3.5% | −3.5% | −39.7 pts | −68.5 pts |
| Since launch | +15.5% | −85.5% | +96.6% | −61.9% | −81.0 pts | −23.7 pts |
| PLTG Leverage Shares 2X Long PLTR Daily ETF Aims to return twice the daily move of Palantir Technologies (PLTR) | PLTZ Defiance Daily Target 2X Short PLTR ETF Aims to return twice the opposite of the daily move of Palantir Technologies (PLTR) | |
|---|---|---|
| Issuer | Leverage Shares | Defiance |
| Sets out to return | +2x | -2x |
| On | PLTR | PLTR |
| Segment | company | company |
| Fund returned, 3 months | +45.1% | −68.0% |
| Underlying returned, 3 months | +30.7% | +30.7% |
| What the stated multiple implies, 3 months | +61.3% | −61.3% |
| Difference from stated, 3 months | −16.2 pts | −6.7 pts |
| Fund returned, 1 year or since launch | −36.2% | −72.0% |
| Difference from stated, over that window | −39.7 pts | −68.5 pts |
| Underlying volatility | 81% | 81% |
| Difference over the days both have traded | −3.1 pts | no shared window |
| Expense ratio | 0.78% | 1.31% |
| Launched | Apr 25, 2025 | Jun 6, 2025 |
PLTG in plain words
Three months to Sep 11, 2026: PLTG returned +45.1% where its own daily promise gave +50.5%, 5.4 points short. Read the multiple against the whole window instead and +2 times PLTR's 30.7% implies +61.3%, which makes PLTG look 16.2 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. PLTG 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.
PLTZ in plain words
Three months to Sep 11, 2026: PLTZ returned −68.0% where its own daily promise gave −67.9%, 0.1 points short. Read the multiple against the whole window instead and −2 times PLTR's 30.7% implies −61.3%, which makes PLTZ look 6.7 points short. 6.6 of that is daily compounding, which happens to any −2 times fund over the same path, and the rest is the fund. PLTZ aims to return -2 times PLTR's move each day, then resets. 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.
Questions people ask
- Which came closer to its stated multiple, PLTG or PLTZ?
- Over the window to Sep 11, 2026, PLTG finished 16.2 points from what its multiple implies and PLTZ finished 6.7 points from its own, so PLTZ came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are PLTG and PLTZ levered on the same thing?
- Yes. Both are levered on Palantir Technologies, PLTG at +2 times and PLTZ at -2 times the daily move.
- Which one decays faster, PLTG or PLTZ?
- Decay follows how much the underlying moves about. Over this window PLTG’s moved at 81% annualized and PLTZ’s at 81%, so PLTG has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold PLTG or PLTZ 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, PLTG or PLTZ?
- PLTG charges 0.78% a year and PLTZ charges 1.31%, so PLTG 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, PLTG against PLTZ, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/PLTG-PLTZ Free to use with attribution; the underlying files are at Open data.