Data as of .
PLTU vs PLTZ: which held to its multiple?
Over three months against its own daily promise, PLTU finished 3.5 points short and PLTZ 0.1 points short.
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 | |||
|---|---|---|---|---|---|---|
| PLTU | PLTZ | PLTU | PLTZ | PLTU | PLTZ | |
| 1 month | −7.0% | −2.0% | −4.5% | +4.5% | −2.6 pts | −6.5 pts |
| 3 months | +47.0% | −68.0% | +61.3% | −61.3% | −14.3 pts | −6.7 pts |
| 6 months | −4.9% | −65.1% | +21.6% | −21.6% | −26.5 pts | −43.5 pts |
| 1 year | −33.9% | −72.0% | +3.5% | −3.5% | −37.4 pts | −68.5 pts |
| Since launch | +113.8% | −85.5% | not meaningful | −61.9% | not meaningful | −23.7 pts |
| PLTU Direxion Daily PLTR Bull 2X 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 | Direxion | Defiance |
| Sets out to return | +2x | -2x |
| On | PLTR | PLTR |
| Segment | company | company |
| Fund returned, 3 months | +47.0% | −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 | −14.3 pts | −6.7 pts |
| Fund returned, 1 year or since launch | −33.9% | −72.0% |
| Difference from stated, over that window | −37.4 pts | −68.5 pts |
| Underlying volatility | 81% | 81% |
| Difference over the days both have traded | −2.6 pts | no shared window |
| Expense ratio | 0.97% | 1.31% |
| Launched | Dec 11, 2024 | Jun 6, 2025 |
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. 10.8 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. PLTU 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, PLTU or PLTZ?
- Over the window to Sep 11, 2026, PLTU finished 14.3 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 PLTU and PLTZ levered on the same thing?
- Yes. Both are levered on Palantir Technologies, PLTU at +2 times and PLTZ at -2 times the daily move.
- Which one decays faster, PLTU or PLTZ?
- Decay follows how much the underlying moves about. Over this window PLTU’s moved at 81% annualized and PLTZ’s at 81%, so PLTU has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold PLTU 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, PLTU or PLTZ?
- PLTU charges 0.97% a year and PLTZ charges 1.31%, so PLTU 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, PLTU against PLTZ, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/PLTU-PLTZ Free to use with attribution; the underlying files are at Open data.