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Launched · SEC filings

Daily Target 2X Short PLTR ETF

PLTZNasdaqDefianceBThis 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.

$8.20+0.47 (+6.08%)

At close: Nov 2, 2026, 4:00 PM ET

B65/ 100

Rank 18 of 58 in Single-Stock Inverse

B65/100Rank 18 of 58inSingle-Stock Inverse
Intraday session: up, 79 prints from 7.73 to 8.20. Range 7.49 to 8.20. Use the arrow keys to read each point.7.608.0010 AM12 PM2 PM4 PM
Expense ratio
1.31%
Fund size
$31M
1Y total return
−65.6%
Yield · Last 12 months
No data
Holdings
3
Avg volume · 30D
3.5M sh
52W range
low $6.07high $43.79
Launched
Filings
SEC EDGAR

The ETF.net PLTZ Grade

Based on 5 of 6 pillars

B

Score 65 out of 100

Category
Single-Stock Inverse⁠
Rank
18 of 58
Six-pillar profile for PLTZ. Scores out of 100: Cost 49, Risk 50, Mission 95, Tradability 64, Holdings not scored, Durability 65. Strongest: Mission (95). Weakest: Cost (49). Based on 5 of 6 pillars.

Score 65 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C49 out of 100
    Rank 29 of 58

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A95 out of 100
    Rank 17 of 32

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C50 out of 100
    Rank 23 of 54

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B64 out of 100
    Rank 16 of 58

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B65 out of 100
    Rank 15 of 58

Our read on PLTZ

ETF.net Research

In short

BPalantir's double-dose bear trade. PLTZ aims for two times the inverse of PLTR's daily move using swaps and options, with a daily reset that makes it a short-horizon tool rather than a set-and-forget short.

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

  • Twice the dose. PLTZ targets -2x Palantir's daily move, while Direxion's Palantir bear fund is built at 1x. Same thesis, double the daily sensitivity.direxion.com
  • Hits what it promises: the fund has tracked its stated -2x daily objective closely, and it stands in the upper half of the single-stock bear group overall.
  • At 1.31% with no waiver in play, the fee lands near the category median. Cheaper 1x bears exist, like SKHZ at 0.75%, but they move one-for-one, not two.
  • It is a 1940-Act fund using swaps and listed options, so the short exposure arrives as a share in a regular brokerage account, with no stock borrow to locate.defianceetfs.com

Worth knowing

  • The -2x target resets every day. Hold longer and compounding takes over, so multi-day results can drift well away from twice the inverse of PLTR's move.defianceetfs.com
  • One stock, one direction. Everything rides on Palantir, a famously jumpy name, and the 2x multiple magnifies those swings in both directions.
  • Launched in 2025 and still a small fund, it trades actively but has a shorter track record than the 1x bear veterans it competes with.

PLTZ Performance

Launched Jun 5, 2025

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

Not enough history yet.Not enough history yet.Not enough history yet.
PLTZ$3,439
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. PLTZ $3,439. SPY $11,199. Use the arrow keys to read each point.$5,000$10,000$15,000$20,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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−68.8%
1 month−2.6%
3 months−74.3%
1 year−65.6%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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−68.8%
2025−64.4%

History from Jun 6, 2025

PLTZ in the news

PLTZ Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

PLTZ Risk

Risk pillarC50 out of 100Rank 23 of 54 in Single-Stock Inverse

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.
109.7%
Annualised · 16 months to Oct 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.
−0.72
vs 3-month T-bills · 16 months to Oct 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.
−91.0%
16 months · trough Oct 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.

FMP measures it over up to five years of monthly returns.

PLTZ Cost

Compare PLTZ and SKHZ

Overpaying vs SKHZ, cheapest in Single-Stock Inverse

$9,037

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • PLTZ 1.31%

    $23,519

  • SKHZ 0.75% Cheapest

    $14,482

$10,000
30 years

Cost over time

  • PLTZ 1.31%
  • SKHZ 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530PLTZ $23,519SKHZ $14,482

Year by year

YearPLTZSKHZOverpaying
10$2,280$1,336$944
20$8,450$5,078$3,372
30$23,519$14,482$9,037

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