PLTG vs PTIR: which held to its multiple?

Over the days both have traded, PLTG finished 5.3 points from its stated multiple and PTIR 3.4. Leverage Shares 2X Long PLTR Daily ETF and GraniteShares 2x Long PLTR Daily ETF.

+92.2%
PLTG returned, 3 months
+94.1%
PTIR returned, 3 months
−5.3 pts
PLTG from its stated multiple
−3.4 pts
PTIR from its stated multiple
PLTG · 3 months to Sep 30, 20265.3 pts short of its stated multiple
5.3 pts short of its stated multiplePLTG returned +92.2% while 2 times PLTR's move would have been +97.5%PLTR +48.8% ×2 implies+97.5%PLTG returned+92.2%5.3 pts short of its stated multiplePLTG returned +92.2% while 2 times PLTR's move would have been +97.5%PLTR +48.8% ×2 implies+97.5%PLTG returned+92.2%

PLTG returned +92.2% while 2 times PLTR's move would have been +97.5%

PTIR · 3 months to Sep 30, 20263.4 pts short of its stated multiple
3.4 pts short of its stated multiplePTIR returned +94.1% while 2 times PLTR's move would have been +97.5%PLTR +48.8% ×2 implies+97.5%PTIR returned+94.1%3.4 pts short of its stated multiplePTIR returned +94.1% while 2 times PLTR's move would have been +97.5%PLTR +48.8% ×2 implies+97.5%PTIR returned+94.1%

PTIR returned +94.1% while 2 times PLTR's move would have been +97.5%

ETFIQ Decay Resistance Score · PTIR scores higherDid it keep up with its own daily multiple, compounded day by day?
0.1, the lowest in this set99.9, the highest

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 returnMultiple would giveDifference
WindowPLTGPTIRPLTGPTIRPLTGPTIR
1 month−2.3%−1.8%+0.7%+0.7%−3.0 pts−2.5 pts
3 months+92.2%+94.1%+97.5%+97.5%−5.3 pts−3.4 pts
6 months+25.5%+28.3%+55.4%+55.4%−29.8 pts−27.1 pts
1 year−34.4%−31.6%+5.1%+5.1%−39.5 pts−36.7 pts
Since launch
PLTG Apr 2025 · PTIR Sep 2024
+43.1%+1233.5%+131.7%not meaningful−88.6 ptsnot meaningful

PLTG and PTIR over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

PLTG
Leverage Shares 2X Long PLTR Daily ETF · Aims to return twice the daily move of Palantir Technologies (PLTR)
PTIR
GraniteShares 2x Long PLTR Daily ETF · Aims to return twice the daily move of Palantir Technologies (PLTR)
Issuer Leverage Shares GraniteShares
Sets out to return +2x +2x
Underlying asset PLTR PLTR
Segment company company
Fund returned, 3 months or since launch +92.2% +94.1%
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 −5.3 pts −3.4 pts
Fund returned, 1 year or since launch −34.4% −31.6%
Difference from stated, over that window −39.5 pts −36.7 pts
Underlying volatility 75% 75%
Difference over the days both have traded −5.3 pts −3.4 pts
Expense ratio 0.78% 1.04%
Launched Apr 25, 2025 Sep 4, 2024
Net assets $27m $339m

PLTG and PTIR on the same fields, as of Sep 30, 2026. Source: ETFIQ.

PLTG in plain words

Three months to Sep 30, 2026: PLTG returned +92.2% where its own daily promise gave +98.7%, 6.4 points short. Read the multiple against the whole window instead and 2 times PLTR's 48.8% implies +97.5%, which makes PLTG look 5.3 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. PLTG 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.

PTIR in plain words

Three months to Sep 30, 2026: PTIR returned +94.1% where its own daily promise gave +98.7%, 4.6 points short. Read the multiple against the whole window instead and 2 times PLTR's 48.8% implies +97.5%, which makes PTIR look 3.4 points short. PTIR aims to return +2 times PLTR's move each day, then resets.

Questions people ask

Which came closer to its stated multiple, PLTG or PTIR?
Over the window to Sep 30, 2026, PLTG finished 5.3 points from what its multiple implies and PTIR finished 3.4 points from its own, so PTIR came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are PLTG and PTIR levered on the same thing?
Yes. Both are levered on Palantir Technologies, PLTG at +2 times and PTIR at +2 times the daily move.
Which one decays faster, PLTG or PTIR?
Decay follows how much the underlying moves about. Over this window PLTG’s moved at 75% annualized and PTIR’s at 75%, so PLTG has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold PLTG 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.
Which is cheaper, PLTG or PTIR?
PLTG charges 0.78% a year and PTIR charges 1.04%, so PLTG is cheaper. Fees come from each fund's prospectus.
Cite this page

ETFIQ, PLTG against PTIR, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/pltg-vs-ptir

Open data

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