PLTU vs PTIR: which held to its multiple?
Over the days both have traded, PLTU finished 3.6 points from its stated multiple and PTIR 3.4. Direxion Daily PLTR Bull 2X ETF and GraniteShares 2x Long PLTR Daily ETF.
PLTU returned +93.9% while 2 times PLTR's move would have been +97.5%
PTIR returned +94.1% while 2 times PLTR's move would have been +97.5%
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 return | Multiple would give | Difference | ||||
|---|---|---|---|---|---|---|
| Window | PLTU | PTIR | PLTU | PTIR | PLTU | PTIR |
| 1 month | −1.7% | −1.8% | +0.7% | +0.7% | −2.4 pts | −2.5 pts |
| 3 months | +93.9% | +94.1% | +97.5% | +97.5% | −3.6 pts | −3.4 pts |
| 6 months | +27.8% | +28.3% | +55.4% | +55.4% | −27.6 pts | −27.1 pts |
| 1 year | −32.7% | −31.6% | +5.1% | +5.1% | −37.8 pts | −36.7 pts |
| Since launch PLTU Dec 2024 · PTIR Sep 2024 | +164.7% | +1233.5% | not meaningful | not meaningful | not meaningful | not meaningful |
PLTU 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
PLTU and PTIR on the same fields, as of Sep 30, 2026. Source: ETFIQ.
PLTU in plain words
Three months to Sep 30, 2026: PLTU returned +93.9% where its own daily promise gave +98.7%, 4.7 points short. Read the multiple against the whole window instead and 2 times PLTR's 48.8% implies +97.5%, which makes PLTU look 3.6 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. PLTU 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, PLTU or PTIR?
- Over the window to Sep 30, 2026, PLTU finished 3.6 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 PLTU and PTIR levered on the same thing?
- Yes. Both are levered on Palantir Technologies, PLTU at +2 times and PTIR at +2 times the daily move.
- Which one decays faster, PLTU or PTIR?
- Decay follows how much the underlying moves about. Over this window PLTU’s moved at 75% annualized and PTIR’s at 75%, so PLTU has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold PLTU 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. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.
ETFIQ, PLTU against PTIR, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/pltu-vs-ptir
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, PLTU against PTIR, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/pltu-vs-ptir Free to use with attribution; the underlying files are at Open data.
Other forms
- Plain
- ETFIQ, PLTU against PTIR, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/pltu-vs-ptir
- APA
- ETFIQ. (Sep 30, 2026). PLTU against PTIR. Retrieved from https://etfiq.com/compare/leverage/pltu-vs-ptir
- Markdown
- [PLTU against PTIR (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/leverage/pltu-vs-ptir)