{
 "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": "2026-09-30",
 "verdict": "Three months to Sep 30, 2026: PLTZ returned \u221274.0% where its own daily promise gave \u221273.9%, 0.1 points short.",
 "key_facts": [
  {
   "key": "what_pltr_did",
   "label": "What PLTR did",
   "value": "+48.8%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "PLTZ, what PLTR did: +48.8%, as of Sep 30, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What \u22122 times a day gives",
   "value": "\u221273.9%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "PLTZ, what \u22122 times a day gives: \u221273.9%, as of Sep 30, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221274.0%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "PLTZ, what the fund returned: \u221274.0%, as of Sep 30, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22120.1 pts",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "PLTZ, the fund itself cost: \u22120.1 pts, as of Sep 30, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$39m",
   "source": "the issuer\u2019s own daily fund list, as of Sep 30, 2026",
   "as_of": "2026-09-30",
   "sentence": "PLTZ, net assets: $39m (the issuer\u2019s own daily fund list, as of Sep 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.31%",
   "source": "485BPOS XBRL, Aug 26, 2026",
   "as_of": "2026-09-30",
   "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": "-1.52 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": "$39m",
   "source": "the issuer\u2019s own daily fund list, as of Sep 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": "75% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u22126.2%",
   "PLTR": "+0.4%",
   "-2x the move": "\u22120.7%",
   "Difference": "\u22125.4 pts",
   "PLTR moved about": "46%"
  },
  {
   "window": "3 months",
   "Fund": "\u221274.0%",
   "PLTR": "+48.8%",
   "-2x the move": "\u221297.5%",
   "Difference": "+23.5 pts",
   "PLTR moved about": "75%"
  },
  {
   "window": "6 months",
   "Fund": "\u221272.7%",
   "PLTR": "+27.7%",
   "-2x the move": "\u221255.4%",
   "Difference": "\u221217.4 pts",
   "PLTR moved about": "68%"
  },
  {
   "window": "1 year",
   "Fund": "\u221272.3%",
   "PLTR": "+2.5%",
   "-2x the move": "\u22125.1%",
   "Difference": "\u221267.2 pts",
   "PLTR moved about": "60%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221288.6%",
   "PLTR": "+46.5%",
   "-2x the move": "\u221292.9%",
   "Difference": "+4.3 pts",
   "PLTR moved about": "57%"
  }
 ],
 "questions": [
  {
   "q": "Did PLTZ return -2 times PLTR?",
   "a": "Over the window to Sep 30, 2026, PLTR moved +48.8% and PLTZ returned \u221274.0%. \u22122 times that move is \u221297.5%, so the fund came out 23.5 points ahead 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": "2026-10-01",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}