PLTL vs PLTZ: which held to its multiple?
Over three months against its own daily promise, PLTL finished 4.3 points short and PLTZ 0.1 points short. Corgi PLTR 2x Daily ETF and Defiance Daily Target 2X Short PLTR ETF.
PLTL returned +94.4% while 2 times PLTR's move would have been +97.5%
PLTZ returned −74.0% while −2 times PLTR's move would have been −97.5%
PLTL among the 470 leveraged ETFs, long, over three months
PLTZ among the 125 inverse ETFs over three months
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 | PLTL | PLTZ | PLTL | PLTZ | PLTL | PLTZ |
| 1 month | −1.3% | −6.2% | +0.7% | −0.7% | −2.0 pts | −5.4 pts |
| 3 months | +94.4% | −74.0% | +97.5% | −97.5% | −3.2 pts | +23.5 pts |
| 6 months | not published | −72.7% | not published | −55.4% | not published | −17.4 pts |
| 1 year | not published | −72.3% | not published | −5.1% | not published | −67.2 pts |
| Since launch PLTL Jun 2026 · PLTZ Jun 2025 | +125.1% | −88.6% | +120.6% | −92.9% | +4.4 pts | +4.3 pts |
PLTL 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
PLTL and PLTZ on the same fields, as of Sep 30, 2026. Source: ETFIQ.
PLTL in plain words
Three months to Sep 30, 2026: PLTL returned +94.4% where its own daily promise gave +98.7%, 4.3 points short. Read the multiple against the whole window instead and 2 times PLTR's 48.8% implies +97.5%, which makes PLTL look 3.2 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. PLTL 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, PLTL or PLTZ?
- Over the window to Sep 30, 2026, PLTL finished 3.2 points from what its multiple implies and PLTZ finished 23.5 points from its own, so PLTL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are PLTL and PLTZ levered on the same thing?
- Yes. Both are levered on Palantir Technologies, PLTL at +2 times and PLTZ at -2 times the daily move.
- Which one decays faster, PLTL or PLTZ?
- Decay follows how much the underlying moves about. Over this window PLTL’s moved at 75% annualized and PLTZ’s at 75%, so PLTL has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold PLTL 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.
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, PLTL against PLTZ, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/pltl-vs-pltz
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, PLTL against PLTZ, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/pltl-vs-pltz Free to use with attribution; the underlying files are at Open data.
Other forms
- Plain
- ETFIQ, PLTL against PLTZ, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/pltl-vs-pltz
- APA
- ETFIQ. (Sep 30, 2026). PLTL against PLTZ. Retrieved from https://etfiq.com/compare/leverage/pltl-vs-pltz
- Markdown
- [PLTL against PLTZ (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/leverage/pltl-vs-pltz)