{
 "ticker": "PLTZ",
 "name": "Defiance Daily Target 2X Short PLTR ETF",
 "issuer": "Defiance",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/PLTZ",
 "html": "https://etfiq.com/funds/PLTZ",
 "markdown": "https://etfiq.com/funds/PLTZ.md",
 "as_of": "2026-09-11",
 "verdict": "Three months to Sep 11, 2026: PLTZ returned \u221268.0% where its own daily promise gave \u221267.9%, 0.1 points short.",
 "key_facts": [
  {
   "key": "what_pltr_did",
   "label": "What PLTR did",
   "value": "+30.7%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "PLTZ, what PLTR did: +30.7%, as of Sep 11, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What \u22122 times a day gives",
   "value": "\u221267.9%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "PLTZ, what \u22122 times a day gives: \u221267.9%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221268.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "PLTZ, what the fund returned: \u221268.0%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22120.1 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "PLTZ, the fund itself cost: \u22120.1 pts, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$28m",
   "source": "source, as filed for Apr 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "PLTZ, net assets: $28m (source, as filed for Apr 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.31%",
   "source": "485BPOS XBRL, Aug 26, 2026",
   "as_of": "2026-09-11",
   "sentence": "PLTZ, expense ratio: 1.31% (485BPOS XBRL, Aug 26, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "-2 times the daily move of PLTR, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "-2.22 times, against -2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "PLTR",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$28m",
   "source": "source, as filed for Apr 30, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.31%",
   "source": "485BPOS XBRL, Aug 26, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jun 6, 2025",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "81% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u22122.0%",
   "PLTR": "\u22122.2%",
   "-2x the move": "+4.5%",
   "Difference": "\u22126.5 pts",
   "PLTR moved about": "52%"
  },
  {
   "window": "3 months",
   "Fund": "\u221268.0%",
   "PLTR": "+30.7%",
   "-2x the move": "\u221261.3%",
   "Difference": "\u22126.7 pts",
   "PLTR moved about": "81%"
  },
  {
   "window": "6 months",
   "Fund": "\u221265.1%",
   "PLTR": "+10.8%",
   "-2x the move": "\u221221.6%",
   "Difference": "\u221243.5 pts",
   "PLTR moved about": "69%"
  },
  {
   "window": "1 year",
   "Fund": "\u221272.0%",
   "PLTR": "+1.8%",
   "-2x the move": "\u22123.5%",
   "Difference": "\u221268.5 pts",
   "PLTR moved about": "61%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221285.5%",
   "PLTR": "+30.9%",
   "-2x the move": "\u221261.9%",
   "Difference": "\u221223.7 pts",
   "PLTR moved about": "58%"
  }
 ],
 "questions": [
  {
   "q": "Did PLTZ return -2 times PLTR?",
   "a": "Over the window to Sep 11, 2026, PLTR moved +30.7% and PLTZ returned \u221268.0%. 2 times that move is \u221261.3%, so the fund came out 6.7 points short of it."
  },
  {
   "q": "Why does PLTZ not return -2 times over a year?",
   "a": "Because it resets daily. PLTZ aims at -2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what -2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}