PLTD vs PTIR: which held to its multiple?
Over three months against its own daily promise, PLTD finished 0.8 points over and PTIR 5.7 points short. Direxion Daily PLTR Bear 1X ETF and GraniteShares 2x Long PLTR Daily ETF.
PLTD costs 0.06 points a year less; their one-year returns differ by 16.6 points; PTIR is 13.2 times larger.
| PLTD | PTIR | |
|---|---|---|
| Expense ratio | 0.98% | 1.04% |
| Net assets, as of Oct 8, 2026 | $29m | $384m |
| Total return, 1 year | −33.6% | −17.0% |
| 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.
PTIR returned +138.1% while 2 times PLTR's move would have been +129.8%. Figures from Jul 10, 2026 to Oct 9, 2026.
PTIR returned +138.1% 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
PTIR among the 517 leveraged ETFs, long, over three months
A percentile among the 128 inverse ETFs over three months. PTIR 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 | PTIR | PLTD | PTIR | PLTD | PTIR |
| 1 month | −19.1% | +49.4% | −23.3% | +46.6% | +4.3 pts | +2.8 pts |
| 3 months | −46.9% | +138.1% | −64.9% | +129.8% | +18.0 pts | +8.4 pts |
| 6 months | −49.2% | +110.5% | −63.2% | +126.5% | +14.1 pts | −16.0 pts |
| 1 year | −33.6% | −17.0% | −12.7% | +25.4% | −20.9 pts | −42.5 pts |
| Since launch PLTD Dec 2024 · PTIR Sep 2024 | −81.5% | +1,552.7% | not meaningful | not meaningful | not meaningful | not meaningful |
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.
PTIR in plain words
Three months to Oct 9, 2026: PTIR returned +138.1% where its own daily promise gave +143.8%, 5.7 points short. Read the multiple against the whole window instead and 2 times PLTR's 64.9% implies +129.8%, which makes PTIR look 8.4 points over. That 8.4 is two pieces: daily compounding, +14.1 points, which happens to any 2 times fund over the same path, and the fund itself, −5.7 points against its own daily promise. PTIR 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 PTIR?
- Over the window to Oct 9, 2026, PLTD finished 18.0 points from what its multiple implies and PTIR finished 8.4 points from its own, so PTIR came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are PLTD and PTIR levered on the same thing?
- Yes. Both are levered on Palantir Technologies, PLTD at -1 times and PTIR at +2 times the daily move.
- Which one decays faster, PLTD or PTIR?
- Decay follows how much the underlying moves about. Over this window PLTD’s moved at 74% annualized and PTIR’s at 74%, so PLTD has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold PLTD or PTIR 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 PTIR, data as of Oct 9, 2026. https://etfiq.com/compare/leverage/pltd-vs-ptir
ETFIQ. (Oct 9, 2026). PLTD against PTIR. Retrieved from https://etfiq.com/compare/leverage/pltd-vs-ptir
[PLTD against PTIR (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/leverage/pltd-vs-ptir)
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