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

Defiance · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: PLTZ returned −74.0% where its own daily promise gave −73.9%, 0.1 points short.

## Key facts

- PLTZ, what PLTR did: +48.8%, as of Sep 30, 2026.
- PLTZ, what −2 times a day gives: −73.9%, as of Sep 30, 2026.
- PLTZ, what the fund returned: −74.0%, as of Sep 30, 2026.
- PLTZ, the fund itself cost: −0.1 pts, as of Sep 30, 2026.
- PLTZ, net assets: $39m (the issuer’s own daily fund list, as of Sep 30, 2026).
- PLTZ, expense ratio: 1.31% (485BPOS XBRL, Aug 26, 2026).

## PLTZ over each window to Sep 30, 2026

| Window | Fund | PLTR | -2x the move | Difference | PLTR moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −6.2% | +0.4% | −0.7% | −5.4 pts | 46% |
| 3 months | −74.0% | +48.8% | −97.5% | +23.5 pts | 75% |
| 6 months | −72.7% | +27.7% | −55.4% | −17.4 pts | 68% |
| 1 year | −72.3% | +2.5% | −5.1% | −67.2 pts | 60% |
| Since launch | −88.6% | +46.5% | −92.9% | +4.3 pts | 57% |

## 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 | -1.52 times, against -2 stated | ETFIQ |
| Underlying | PLTR | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $39m | the issuer’s own daily fund list, as of Sep 30, 2026 |
| Expense ratio | 1.31% | 485BPOS XBRL, Aug 26, 2026 |
| Launched | Jun 6, 2025 | ETFIQ |
| Underlying volatility over the window | 75% annualized | ETFIQ |

## Questions

### Did PLTZ return -2 times PLTR?

Over the window to Sep 30, 2026, PLTR moved +48.8% and PLTZ returned −74.0%. −2 times that move is −97.5%, so the fund came out 23.5 points ahead 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 30, 2026. https://etfiq.com/funds/pltz
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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