PLTD vs PLTL: which held to its multiple?
Over three months against its own daily promise, PLTD finished 0.8 points over and PLTL 6.2 points short. Direxion Daily PLTR Bear 1X ETF and Corgi PLTR 2x Daily ETF.
PLTL costs 0.78 points a year less; PLTD is far larger, $29m against $818,099.
| PLTD | PLTL | |
|---|---|---|
| Expense ratio | 0.98% | 0.20% |
| Net assets, PLTD as of Oct 8, 2026 and PLTL as of Oct 9, 2026 | $29m | $818,099 |
| Total return, 1 year | −33.6% | not published |
| What it tracks | PLTR | PLTR |
| Holdings in common | not published | |
| What its daily multiple gave, 3 months | −47.8% | +143.8% |
| What the underlying did, 3 months | PLTR 64.9% | PLTR 64.9% |
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.
PLTL returned +137.6% while 2 times PLTR's move would have been +129.8%. Figures from Jul 10, 2026 to Oct 9, 2026.
PLTL returned +137.6% while 2 times PLTR's move would have been +129.8%. Figures from Jul 10, 2026 to Oct 9, 2026.
PLTD among the 128 inverse ETFs over three months
PLTL among the 517 leveraged ETFs, long, over three months
A percentile among the 128 inverse ETFs over three months. PLTL is a percentile among the 517 leveraged ETFs, long, 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 | PLTD | PLTL | PLTD | PLTL | PLTD | PLTL |
| 1 month | −19.1% | +48.9% | −23.3% | +46.6% | +4.3 pts | +2.3 pts |
| 3 months | −46.9% | +137.6% | −64.9% | +129.8% | +18.0 pts | +7.8 pts |
| 6 months | −49.2% | not published | −63.2% | not published | +14.1 pts | not published |
| 1 year | −33.6% | not published | −12.7% | not published | −20.9 pts | not published |
| Since launch PLTD Dec 2024 · PLTL Jun 2026 | −81.5% | +177.5% | not meaningful | +158.4% | not meaningful | +19.1 pts |
Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
As of Oct 9, 2026. Source: ETFIQ.
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 one day it does that. 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. 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.
PLTL in plain words
Three months to Oct 9, 2026: PLTL returned +137.6% where its own daily promise gave +143.8%, 6.2 points short. Read the multiple against the whole window instead and 2 times PLTR's 64.9% implies +129.8%, which makes PLTL look 7.8 points over. That 7.8 is two pieces: daily compounding, +14.0 points, which happens to any 2 times fund over the same path, and the fund itself, −6.2 points against its own daily promise. PLTL 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, PLTD or PLTL?
- Over the window to Oct 9, 2026, PLTD finished 18.0 points from what its multiple implies and PLTL finished 7.8 points from its own, so PLTL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are PLTD and PLTL levered on the same thing?
- Yes. Both are levered on Palantir Technologies, PLTD at -1 times and PLTL at +2 times the daily move.
- Which one decays faster, PLTD or PLTL?
- Decay follows how much the underlying moves about. Over this window PLTD’s moved at 74% annualized and PLTL’s at 74%, so PLTD has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold PLTD or PLTL 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, PLTD against PLTL, data as of Oct 9, 2026. https://etfiq.com/compare/leverage/pltd-vs-pltl
ETFIQ. (Oct 9, 2026). PLTD against PLTL. Retrieved from https://etfiq.com/compare/leverage/pltd-vs-pltl
[PLTD against PLTL (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/leverage/pltd-vs-pltl)
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