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PLTZ

GradeBNASDAQ Global Market

Daily Target 2X Short PLTR ETF

Leveraged · Single-Stock Leveraged · Defiance · Inception 2025-06-05 · SEC filings

This fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$7.55−0.61 (−7.48%)

As of Sep 23, 2026, 3:10 PM EDT

History starts Jun 6, 2025.
Intraday session: down, 68 prints from 8.16 to 7.55. Range 7.45 to 8.12. Use the arrow keys to read each point.$7.40$7.80$8.00$8.2010 AM12 PM2 PM4 PM
Expense ratio
1.31%
Fund size
$32M
1Y return
−72.5%
Yield · Last 12 months
—
Holdings
8
Volume · 30D
2.2M sh
NAV per share
$8.34
52W range
low $8.11high $43.79

The ETF.net PLTZ Grade

B

67/ 100

Rank 17 of 58 in Single-Stock Inverse⁠

Confidence High

Six-pillar profile for PLTZ. Scores out of 100: Cost 62, Risk 52, Mission 95, Tradability 47, Holdings not scored, Durability 66. Strongest: Mission (95). Weakest: Tradability (47). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 67 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 62
    Category rank24/58 · top 41%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 95
    Category rank15/31 · top 48%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 52
    Category rank17/48 · top 35%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 47
    Category rank28/58 · top 48%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 66
    Category rank14/58 · top 24%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on PLTZ

ETF.net Research

BA one-ticker way to lean against Palantir. PLTZ aims to deliver two times the inverse of PLTR's daily move using swaps and options, no margin account or stock borrow required. Built for the trading day, then reset.

Stated mandate

The Fund seeks daily investment results equal to two times the inverse of the daily percentage change in Palantir Technologies Inc. common stock, using swaps and/or listed options.

Why people hold it

  1. 01Targets two times the inverse of Palantir's daily move via swaps and options, so a leveraged bearish position takes one ticket instead of a margin account and a borrow.defianceetfs.com
  2. 02Day-to-day results have hugged the stated daily target closely, one of the tighter implementations among inverse single-stock funds.
  3. 03The 1.29% expense ratio sits right at the median for leveraged single-stock funds, and it changes hands actively for a fund this small.

Worth knowing

  1. 01The leverage resets every day. Hold longer and compounding takes over: in choppy markets, a multi-week result can look nothing like -2x the stock's move over that stretch.defianceetfs.com
  2. 02Cheaper 2x bear single-stock funds exist on other names (MSTZ at 1.05%, TSDD at 1.13%), so the Palantir wrapper costs a bit more.
  3. 03Launched in 2025 with a small asset base and no distributions, so the track record is short and any return comes from price alone.

PLTZ Holdings

As of Sep 20, 2026, 5:08 AM
Asset class
Other
Holdings
8
Top-10 weight
300%
Largest holding
Cash & Other243.8%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Cash & Other243.78%83,505,921$84M674
002—United States Treasury Bill 11/19/202649.95%17,220,000$17M48
003—First American Government Obligations Fund 12/01/20316.13%2,099,816$2M625

Showing 1–3 of 3 holdings

PLTZ Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

PLTZ$2,749
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. PLTZ $2,749. SPY $11,723. Use the arrow keys to read each point.$1,806$8,644$15,482Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for PLTZ. Periods over one year show the average yearly return.
PeriodPLTZ
Year to date−67.1%
1 month−11.1%
3 months−76.9%
1 year−72.5%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for PLTZ
YearReturn barPLTZ
2026 YTD−67.1%
2025−64.4%

History from Jun 6, 2025

PLTZ in the news

ETF.net Research hasn’t filed on PLTZ yet — coverage lands here as it’s written.

PLTZ Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

PLTZ Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
117.8%
Annualised · 14 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−0.69
vs 3-month T-bills · 14 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−88.3%
15 months · trough Sep 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
−1.36
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

PLTZ Cost

Expense ratio1.31%
  • The middle half of Single-Stock Inverse funds
  • Median 1.35%

19 of the 43 Single-Stock Inverse funds charge less.

PLTZ costs $131.00 a year on $10,000. The median Single-Stock Inverse fund costs $135.00.