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

Defiance · Leveraged ETFs · data as of Oct 2, 2026

Three months to Oct 2, 2026: PLU returned −74.3% where its own daily promise gave −71.8%, 2.5 points short.

## Key facts

- PLU, what PL did: −44.2%, as of Oct 2, 2026.
- PLU, what 2 times a day gives: −71.8%, as of Oct 2, 2026.
- PLU, what the fund returned: −74.3%, as of Oct 2, 2026.
- PLU, the fund itself cost: −2.5 pts, as of Oct 2, 2026.
- PLU, net assets: $8m (the issuer’s own daily fund list, as of Oct 1, 2026).
- PLU, expense ratio: 1.42% (485BPOS XBRL, Aug 25, 2026).

## PLU over each window to Oct 2, 2026

| Window | Fund | PL | +2x the move | Difference | PL moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −28.4% | −12.5% | −24.9% | −3.5 pts | 62% |
| 3 months | −74.3% | −44.2% | −88.5% | +14.2 pts | 59% |
| 6 months | −86.9% | −51.2% | −102.5% | +15.6 pts | 84% |
| Since launch | −76.1% | −22.6% | −45.2% | −30.9 pts | 93% |

## 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 | +1.68 times, against +2 stated | ETFIQ |
| Underlying | PL | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $8m | the issuer’s own daily fund list, as of Oct 1, 2026 |
| Expense ratio | 1.42% | 485BPOS XBRL, Aug 25, 2026 |
| Launched | Jan 7, 2026 | ETFIQ |
| Underlying volatility over the window | 59% annualized | ETFIQ |

## Questions

### Did PLU return +2 times PL?

Over the window to Oct 2, 2026, PL moved −44.2% and PLU returned −74.3%. 2 times that move is −88.5%, so the fund came out 14.2 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 Oct 2, 2026. https://etfiq.com/funds/plu
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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