# PLU (Defiance Daily Target 2X Long PL ETF)

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

Three months to Sep 11, 2026: PLU returned −77.5% where its own daily promise gave −75.2%, 2.4 points short.

## Key facts

- PLU, what PL did: −47.2%, as of Sep 11, 2026.
- PLU, what +2 times a day gives: −75.2%, as of Sep 11, 2026.
- PLU, what the fund returned: −77.5%, as of Sep 11, 2026.
- PLU, the fund itself cost: −2.4 pts, as of Sep 11, 2026.
- PLU, net assets: $16m (source, as filed for Apr 30, 2026).
- PLU, expense ratio: 1.42% (485BPOS XBRL, Aug 25, 2026).

## PLU over each window to Sep 11, 2026

| Window | Fund | PL | +2x the move | Difference | PL moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −57.6% | −32.9% | −65.7% | +8.1 pts | 39% |
| 3 months | −77.5% | −47.2% | −94.4% | +16.9 pts | 66% |
| 6 months | −78.1% | −33.6% | −67.3% | −10.8 pts | 100% |
| Since launch | −78.0% | −27.2% | −54.5% | −23.5 pts | 95% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of PL, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.64 times, against +2 stated | ETFIQ |
| Underlying | PL | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $16m | source, as filed for Apr 30, 2026 |
| Expense ratio | 1.42% | 485BPOS XBRL, Aug 25, 2026 |
| Launched | Jan 7, 2026 | ETFIQ |
| Underlying volatility over the window | 66% annualized | ETFIQ |

## Questions

### Did PLU return +2 times PL?

Over the window to Sep 11, 2026, PL moved −47.2% and PLU returned −77.5%. 2 times that move is −94.4%, so the fund came out 16.9 points ahead of it.

### Why does PLU not return +2 times over a year?

Because it resets daily. PLU 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, PLU, data as of Sep 11, 2026. https://etfiq.com/funds/PLU
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/PLU  ·  JSON: https://etfiq.com/funds/PLU.json