PLTA vs PLTD: which held to its multiple?
Over three months against its own daily promise, PLTA finished 8.1 points short and PLTD 0.8 points over. ProShares Ultra PLTR and Direxion Daily PLTR Bear 1X ETF.
PLTA costs 0.03 points a year less; their one-year returns differ by 12.8 points; PLTD is 3.8 times larger.
| PLTA | PLTD | |
|---|---|---|
| Expense ratio | 0.95% | 0.98% |
| Net assets, PLTA as of Oct 9, 2026 and PLTD as of Oct 8, 2026 | $8m | $29m |
| Total return, 1 year | −20.8% | −33.6% |
| What it tracks | PLTR | PLTR |
| Holdings in common | not published | |
| What its daily multiple gave, 3 months | +143.8% | −47.8% |
| What the underlying did, 3 months | PLTR 64.9% | PLTR 64.9% |
PLTA returned +135.7% while 2 times PLTR's move would have been +129.8%. Figures from Jul 10, 2026 to Oct 9, 2026.
PLTA returned +135.7% while 2 times PLTR's move would have been +129.8%. Figures from Jul 10, 2026 to Oct 9, 2026.
PLTD returned −46.9% while −1 times PLTR's move would have been −64.9%. Figures from Jul 10, 2026 to Oct 9, 2026.
PLTD returned −46.9% while −1 times PLTR's move would have been −64.9%. Figures from Jul 10, 2026 to Oct 9, 2026.
PLTA among the 517 leveraged ETFs, long, over three months
PLTD among the 128 inverse ETFs over three months
A percentile among the 517 leveraged ETFs, long, over three months. PLTD is a percentile among the 128 inverse ETFs over three months, a different set, so the two marks are not on one scale. All leveraged ETFs ranked by it → How it is computed →
Performance, window by window
| Total return | Multiple would give | Difference | ||||
|---|---|---|---|---|---|---|
| Window | PLTA | PLTD | PLTA | PLTD | PLTA | PLTD |
| 1 month | +48.6% | −19.1% | +46.6% | −23.3% | +2.0 pts | +4.3 pts |
| 3 months | +135.7% | −46.9% | +129.8% | −64.9% | +6.0 pts | +18.0 pts |
| 6 months | +107.2% | −49.2% | +126.5% | −63.2% | −19.3 pts | +14.1 pts |
| 1 year | −20.8% | −33.6% | +25.4% | −12.7% | −46.2 pts | −20.9 pts |
| Since launch PLTA Sep 2025 · PLTD Dec 2024 | −4.7% | −81.5% | +50.7% | not meaningful | −55.4 pts | not meaningful |
Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
As of Oct 9, 2026. Source: ETFIQ.
PLTA in plain words
Three months to Oct 9, 2026: PLTA returned +135.7% where its own daily promise gave +143.8%, 8.1 points short. Read the multiple against the whole window instead and 2 times PLTR's 64.9% implies +129.8%, which makes PLTA look 6.0 points over. That 6.0 is two pieces: daily compounding, +14.1 points, which happens to any 2 times fund over the same path, and the fund itself, −8.1 points against its own daily promise. 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 74% 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.
PLTD in plain words
Three months to Oct 9, 2026: PLTD returned −46.9% where its own daily promise gave −47.8%, 0.8 points over. Read the multiple against the whole window instead and −1 times PLTR's 64.9% implies −64.9%, which makes PLTD look 18.0 points over. That 18.0 is two pieces: daily compounding, +17.2 points, which happens to any −1 times fund over the same path, and the fund itself, +0.8 points against its own daily promise. PLTD aims to return -1 times PLTR's move each day, then resets. Over longer, the daily results compound, so the total is not -1 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, PLTA or PLTD?
- Over the window to Oct 9, 2026, PLTA finished 6.0 points from what its multiple implies and PLTD finished 18.0 points from its own, so PLTA came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are PLTA and PLTD levered on the same thing?
- Yes. Both are levered on Palantir Technologies, PLTA at +2 times and PLTD at -1 times the daily move.
- Which one decays faster, PLTA or PLTD?
- Decay follows how much the underlying moves about. Over this window PLTA’s moved at 74% annualized and PLTD’s at 74%, so PLTA has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold PLTA or PLTD 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.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
It is a position in a set, not a rating, and neither end of it is a recommendation.
Every figure is an ETFIQ calculation with distributions reinvested.
ETFIQ, PLTA against PLTD, data as of Oct 9, 2026. https://etfiq.com/compare/leverage/plta-vs-pltd
ETFIQ. (Oct 9, 2026). PLTA against PLTD. Retrieved from https://etfiq.com/compare/leverage/plta-vs-pltd
[PLTA against PLTD (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/leverage/plta-vs-pltd)
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