Which came closer to its stated multiple, PLTA or PLTZ?

Over the window to Sep 30, 2026, PLTA finished 5.0 points from what its multiple implies and PLTZ finished 23.5 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 PLTZ levered on the same thing?

Yes. Both are levered on Palantir Technologies, PLTA at +2 times and PLTZ at -2 times the daily move.

Which one decays faster, PLTA or PLTZ?

Decay follows how much the underlying moves about. Over this window PLTA’s moved at 75% annualized and PLTZ’s at 75%, so PLTA has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold PLTA 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, PLTA or PLTZ?

PLTA charges 0.95% a year and PLTZ charges 1.31%, so PLTA is cheaper. Fees come from each fund's prospectus.

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PLTA vs PLTZ: which held to its multiple?

Over three months against its own daily promise, PLTA finished 6.1 points short and PLTZ 0.1 points short. ProShares Ultra PLTR and Defiance Daily Target 2X Short PLTR ETF.

+92.5%

PLTA returned, 3 months

−74.0%

PLTZ returned, 3 months

−5.0 pts

PLTA from its stated multiple

+23.5 pts

PLTZ from its stated multiple

PLTA · 3 months to Sep 30, 20265 pts short of its stated multiple

PLTA returned +92.5% while 2 times PLTR's move would have been +97.5%

PLTZ · 3 months to Sep 30, 202623.5 pts ahead of its stated multiple

PLTZ returned −74.0% while −2 times PLTR's move would have been −97.5%

ETFIQ Decay Resistance Score · PLTZ scores higherDid it keep up with its own daily multiple, compounded day by day?

PLTA among the 470 leveraged ETFs, long, over three months

PLTA 8.9

0.1, the lowest in this set99.9, the highest

PLTZ among the 125 inverse ETFs over three months

PLTZ 16

0.4, the lowest in this set99.6, the highest

A percentile among the 470 leveraged ETFs, long, over three months. PLTZ is a percentile among the 125 inverse ETFs over three months, a different set, so the two marks are not on one scale. 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	PLTZ	PLTA	PLTZ	PLTA	PLTZ
1 month	−1.7%	−6.2%	+0.7%	−0.7%	−2.4 pts	−5.4 pts
3 months	+92.5%	−74.0%	+97.5%	−97.5%	−5.0 pts	+23.5 pts
6 months	+25.6%	−72.7%	+55.4%	−55.4%	−29.8 pts	−17.4 pts
1 year	−34.6%	−72.3%	+5.1%	−5.1%	−39.7 pts	−67.2 pts
Since launch PLTA Sep 2025 · PLTZ Jun 2025	−23.0%	−88.6%	+24.4%	−92.9%	−47.3 pts	+4.3 pts

PLTA and PLTZ 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

ProShares Ultra PLTR · 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 ProShares Defiance

Sets out to return +2x -2x

Underlying asset PLTR PLTR

Segment company company

Fund returned, 3 months or since launch +92.5% −74.0%

Underlying returned, over that window +48.8% +48.8%

What the stated multiple implies, over that window +97.5% −97.5%

Difference from stated, over that window −5.0 pts +23.5 pts

Fund returned, 1 year or since launch −34.6% −72.3%

Difference from stated, over that window −39.7 pts −67.2 pts

Underlying volatility 75% 75%

Difference over the days both have traded −5.0 pts no shared window

Expense ratio 0.95% 1.31%

Launched Sep 10, 2025 Jun 6, 2025

Net assets $7m $39m

PLTA and PLTZ 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.

PLTZ in plain words

Three months to Sep 30, 2026: PLTZ returned −74.0% where its own daily promise gave −73.9%, 0.1 points short. Read the multiple against the whole window instead and −2 times PLTR's 48.8% implies −97.5%, which makes PLTZ look 23.5 points over. 23.6 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, PLTA or PLTZ?: Over the window to Sep 30, 2026, PLTA finished 5.0 points from what its multiple implies and PLTZ finished 23.5 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 PLTZ levered on the same thing?: Yes. Both are levered on Palantir Technologies, PLTA at +2 times and PLTZ at -2 times the daily move.
Which one decays faster, PLTA or PLTZ?: Decay follows how much the underlying moves about. Over this window PLTA’s moved at 75% annualized and PLTZ’s at 75%, so PLTA has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold PLTA 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, PLTA or PLTZ?: PLTA charges 0.95% a year and PLTZ charges 1.31%, so PLTA is cheaper. Fees come from each fund's prospectus.

Other comparisons

PLTA vs PLTG PLTA vs PLTL PLTA vs PLTU PLTA vs PTIR PLTZ vs PTIR PLTZ vs PLTG PLTZ vs PLTL PLTZ vs PLTU

PLTA on its own →PLTZ on its own →How every figure is computed →Standards and sources →

Where these figures came from

PLTA filings on SEC EDGAR ↗PLTA prospectus with the expense ratio (SEC) ↗ProShares page for PLTA ↗PLTZ filings on SEC EDGAR ↗PLTZ prospectus with the expense ratio (SEC) ↗Defiance page for PLTZ ↗

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.

Cite this page

ETFIQ, PLTA against PLTZ, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/plta-vs-pltz

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.