PLTZ vs PTIR: which held to its multiple?
Over three months against its own daily promise, PLTZ finished 0.1 points short and PTIR 4.6 points short. Defiance Daily Target 2X Short PLTR ETF and GraniteShares 2x Long PLTR Daily ETF.
PLTZ returned −74.0% 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%
PLTZ among the 125 inverse ETFs over three months
PTIR among the 470 leveraged ETFs, long, over three months
A percentile among the 125 inverse ETFs over three months. PTIR is a percentile among the 470 leveraged ETFs, long, 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 | PLTZ | PTIR | PLTZ | PTIR | PLTZ | PTIR |
| 1 month | −6.2% | −1.8% | −0.7% | +0.7% | −5.4 pts | −2.5 pts |
| 3 months | −74.0% | +94.1% | −97.5% | +97.5% | +23.5 pts | −3.4 pts |
| 6 months | −72.7% | +28.3% | −55.4% | +55.4% | −17.4 pts | −27.1 pts |
| 1 year | −72.3% | −31.6% | −5.1% | +5.1% | −67.2 pts | −36.7 pts |
| Since launch PLTZ Jun 2025 · PTIR Sep 2024 | −88.6% | +1233.5% | −92.9% | not meaningful | +4.3 pts | not meaningful |
PLTZ 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
PLTZ and PTIR on the same fields, as of Sep 30, 2026. Source: ETFIQ.
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 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. 1.1 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. 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, PLTZ or PTIR?
- Over the window to Sep 30, 2026, PLTZ finished 23.5 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 PLTZ and PTIR levered on the same thing?
- Yes. Both are levered on Palantir Technologies, PLTZ at -2 times and PTIR at +2 times the daily move.
- Which one decays faster, PLTZ or PTIR?
- Decay follows how much the underlying moves about. Over this window PLTZ’s moved at 75% annualized and PTIR’s at 75%, so PLTZ has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold PLTZ 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, PLTZ against PTIR, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/pltz-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, PLTZ against PTIR, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/pltz-vs-ptir Free to use with attribution; the underlying files are at Open data.
Other forms
- Plain
- ETFIQ, PLTZ against PTIR, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/pltz-vs-ptir
- APA
- ETFIQ. (Sep 30, 2026). PLTZ against PTIR. Retrieved from https://etfiq.com/compare/leverage/pltz-vs-ptir
- Markdown
- [PLTZ against PTIR (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/leverage/pltz-vs-ptir)