# PLTZ (Defiance Daily Target 2X Short PLTR ETF)

Defiance · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: PLTZ returned −68.0% where its own daily promise gave −67.9%, 0.1 points short.

## Key facts

- PLTZ, what PLTR did: +30.7%, as of Sep 11, 2026.
- PLTZ, what −2 times a day gives: −67.9%, as of Sep 11, 2026.
- PLTZ, what the fund returned: −68.0%, as of Sep 11, 2026.
- PLTZ, the fund itself cost: −0.1 pts, as of Sep 11, 2026.
- PLTZ, net assets: $28m (source, as filed for Apr 30, 2026).
- PLTZ, expense ratio: 1.31% (485BPOS XBRL, Aug 26, 2026).

## PLTZ over each window to Sep 11, 2026

| Window | Fund | PLTR | -2x the move | Difference | PLTR moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −2.0% | −2.2% | +4.5% | −6.5 pts | 52% |
| 3 months | −68.0% | +30.7% | −61.3% | −6.7 pts | 81% |
| 6 months | −65.1% | +10.8% | −21.6% | −43.5 pts | 69% |
| 1 year | −72.0% | +1.8% | −3.5% | −68.5 pts | 61% |
| Since launch | −85.5% | +30.9% | −61.9% | −23.7 pts | 58% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -2 times the daily move of PLTR, reset daily | ETFIQ |
| Multiple a holder actually got over the window | -2.22 times, against -2 stated | ETFIQ |
| Underlying | PLTR | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $28m | source, as filed for Apr 30, 2026 |
| Expense ratio | 1.31% | 485BPOS XBRL, Aug 26, 2026 |
| Launched | Jun 6, 2025 | ETFIQ |
| Underlying volatility over the window | 81% annualized | ETFIQ |

## Questions

### Did PLTZ return -2 times PLTR?

Over the window to Sep 11, 2026, PLTR moved +30.7% and PLTZ returned −68.0%. 2 times that move is −61.3%, so the fund came out 6.7 points short of it.

### Why does PLTZ not return -2 times over a year?

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.


## Cite this page

ETFIQ, PLTZ, data as of Sep 11, 2026. https://etfiq.com/funds/PLTZ
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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