PLTA vs PLTU: which held to its multiple?
Over the days both have traded, PLTA finished 5.0 points from its stated multiple and PLTU 3.6. ProShares Ultra PLTR and Direxion Daily PLTR Bull 2X ETF.
PLTA returned +92.5% while 2 times PLTR's move would have been +97.5%
PLTU returned +93.9% while 2 times PLTR's move would have been +97.5%
A percentile among the 470 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
| Total return | Multiple would give | Difference | ||||
|---|---|---|---|---|---|---|
| Window | PLTA | PLTU | PLTA | PLTU | PLTA | PLTU |
| 1 month | −1.7% | −1.7% | +0.7% | +0.7% | −2.4 pts | −2.4 pts |
| 3 months | +92.5% | +93.9% | +97.5% | +97.5% | −5.0 pts | −3.6 pts |
| 6 months | +25.6% | +27.8% | +55.4% | +55.4% | −29.8 pts | −27.6 pts |
| 1 year | −34.6% | −32.7% | +5.1% | +5.1% | −39.7 pts | −37.8 pts |
| Since launch PLTA Sep 2025 · PLTU Dec 2024 | −23.0% | +164.7% | +24.4% | not meaningful | −47.3 pts | not meaningful |
PLTA and PLTU over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
PLTA and PLTU on the same fields, as of Sep 30, 2026. Source: ETFIQ.
PLTA in plain words
Three months to Sep 30, 2026: PLTA returned +92.5% where its own daily promise gave +98.7%, 6.1 points short. Read the multiple against the whole window instead and 2 times PLTR's 48.8% implies +97.5%, which makes PLTA look 5.0 points short. 1.1 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 75% 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 30, 2026: PLTU returned +93.9% where its own daily promise gave +98.7%, 4.7 points short. Read the multiple against the whole window instead and 2 times PLTR's 48.8% implies +97.5%, which makes PLTU look 3.6 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 30, 2026, PLTA finished 5.0 points from what its multiple implies and PLTU finished 3.6 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 75% annualized and PLTU’s at 75%, 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.
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.
ETFIQ, PLTA against PLTU, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/plta-vs-pltu
Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.
Cite this page. ETFIQ, PLTA against PLTU, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/plta-vs-pltu Free to use with attribution; the underlying files are at Open data.
Other forms
- Plain
- ETFIQ, PLTA against PLTU, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/plta-vs-pltu
- APA
- ETFIQ. (Sep 30, 2026). PLTA against PLTU. Retrieved from https://etfiq.com/compare/leverage/plta-vs-pltu
- Markdown
- [PLTA against PLTU (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/leverage/plta-vs-pltu)