{"url":"https://etfiq.com/compare/leverage/pald-vs-palu","section":"compare","title":"PALD vs PALU: which held to its multiple? | ETFIQ","description":"PALD sets out to return -1 times PANW each day and PALU +2 times. Over the three months to Sep 30, 2026 they finished \u22125.2 pts and \u221211.8 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, PALD or PALU?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, PALD finished 5.2 points from what its multiple implies and PALU finished 11.8 points from its own, so PALD came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are PALD and PALU levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Palo Alto Networks, PALD at -1 times and PALU at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, PALD or PALU?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window PALD\u2019s moved at 60% annualized and PALU\u2019s at 60%, so PALD has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold PALD or PALU for a year?","acceptedAnswer":{"@type":"Answer","text":"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\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, PALD or PALU?","acceptedAnswer":{"@type":"Answer","text":"PALD charges 1.02% a year and PALU charges 1.08%, so PALD is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"PALD vs PALU","item":"https://etfiq.com/compare/leverage/pald-vs-palu"}]},{"@type":"WebPage","name":"PALD vs PALU: which held to its multiple?","description":"PALD sets out to return -1 times PANW each day and PALU +2 times. Over the three months to Sep 30, 2026 they finished \u22125.2 pts and \u221211.8 pts away.","url":"https://etfiq.com/compare/leverage/pald-vs-palu","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, PALD finished 1.2 points over and PALU 3.0 points short.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of PALD and PALU","description":"PALD sets out to return -1 times PANW each day and PALU +2 times. Over the three months to Sep 30, 2026 they finished \u22125.2 pts and \u221211.8 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/pald-vs-palu","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":7059,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / PALD vs PALU \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n PALD vs PALU: which held to its multiple?\n\n Over three months against its own daily promise, PALD finished 1.2 points over and PALU 3.0 points short.\n Copy this for sharing \n \n Direxion Daily PANW Bear 1X ETF and Direxion Daily PANW Bull 2X ETF.\n\n Download as PDF \n\n \u221218.0% PALD returned, 3 months \n +13.9% PALU returned, 3 months \n \u22125.2 pts PALD from its stated multiple \n \u221211.8 pts PALU from its stated multiple \n\n ETFIQ Decay Resistance Score: PALU scores higher\n Did it k","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/pald-vs-palu","a":{"ticker":"PALD","name":"Direxion Daily PANW Bear 1X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: PALD returned \u221218.0% where its own daily promise gave \u221219.2%, 1.2 points over.","url":"https://etfiq.com/funds/pald","key_facts":[{"label":"What PANW did","value":"+12.9%","as_of":"2026-09-30","source":null},{"label":"What \u22121 times a day gives","value":"\u221219.2%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221218.0%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+1.2 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$3m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.02%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"b":{"ticker":"PALU","name":"Direxion Daily PANW Bull 2X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: PALU returned +13.9% where its own daily promise gave +16.9%, 3.0 points short.","url":"https://etfiq.com/funds/palu","key_facts":[{"label":"What PANW did","value":"+12.9%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+16.9%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+13.9%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22123.0 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$41m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.08%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/pald-vs-palu"}