Skip to content
etf.net

Launched

Daily Target 2X Long PL ETF

PLUCboeDThis 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.

$3.76−0.45 (−10.69%)

At close: Oct 13, 2026, 4:00 PM

D33/ 100

Rank 306 of 380 in Single-Stock Long Leveraged

D33/100Rank 306 of 380inSingle-Stock Long Leveraged
Intraday session: down, 55 prints from 4.21 to 3.76. Range 3.75 to 3.96. Use the arrow keys to read each point.3.904.004.1010 AM12 PM2 PM4 PM
Expense ratio
1.42%
Fund size
$8M
1Y total return
—
Yield · Last 12 months
—
Holdings
9
Avg volume · 30D
0.3M sh
NAV per share
$4.90
52W range
low $4.21high $71.00
Launched

The ETF.net PLU Grade

Based on 5 of 6 pillars

D

Score 33 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
306 of 380
Six-pillar profile for PLU. Scores out of 100: Cost 22, Risk 32, Mission 93, Tradability 52, Holdings not scored, Durability 57. Strongest: Mission (93). Weakest: Cost (22). Based on 5 of 6 pillars.

Score 33 of 100 falls in the D 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.
    F22 out of 100
    Rank 294 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A93 out of 100
    Rank 60 of 148

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D32 out of 100
    Rank 271 of 363

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C52 out of 100
    Rank 159 of 380

  • 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.
    B57 out of 100
    Rank 147 of 380

Our read on PLU

ETF.net Research

DMost 2x single-stock ETFs chase megacap tech. This one points daily double leverage at Planet Labs, the satellite-imagery company, in a one-trading-day-at-a-time wrapper Defiance launched in 2026.

Stated mandate

The Fund seeks daily investment results equal to two times the daily percentage change in Planet Labs PBC’s share price, before fees and expenses. It is designed for short-term use and does not target results over periods longer than one trading day.

Why people hold it

  1. 01One job, stated plainly: two times Planet Labs' daily move, before fees and expenses. Delivery against that stated daily target has been close.defianceetfs.com
  2. 02The 2x single-stock shelf skews megacap (GGLL for Alphabet, AAPU for Apple). PLU aims the same machinery at a small satellite-imaging company.
  3. 03Leverage without the plumbing: a 1940 Act fund you buy like any share, with no margin account and no derivatives contracts to manage yourself.defianceetfs.com

Worth knowing

  1. 01The daily reset means multi-day results come from compounding. Over choppy stretches, the fund can land well away from two times the stock's move for that period.defianceetfs.com
  2. 02At 1.31%, the fee sits above peers running 2x books at 0.75% (UNHG, ASMG) or 0.96% (GGLL, AAPU).
  3. 03Everything rides on one company. Single-stock news arrives doubled, up days and down days alike, with no diversification to soften it.

PLU Holdings

As of Oct 13, 2026
Asset class
Other
Holdings
9
Top-10 weight
224%
Largest holding
Planet Labs Pbc Swap Cs-L36.2%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Planet Labs Pbc Swap Cs-L36.21%164,611$3M1
002—Planet Labs Swap Nbc-L31.85%144,815$2M1
003—Planet Labs Pbc Swap Marex-L31.59%143,637$2M1
004—Planet Labs Pbc-Swap-Jnst-L31.46%143,049$2M1
005—Planet Labs Pbc Swap Cantor-L28.69%130,431$2M1
006—Planet Labs Pbc-Swap-Nmra-L27.55%125,247$2M2
007—Planet Labs Pbc-Swap-Mscs-L12.84%58,364$931K1
008—United States Treasury Bill 11/19/202612.35%900,000$896K56
009—First American Government Obligations Fund 12/01/203111.40%827,098$827K529

Showing 1–9 of 9 holdings

PLU Performance

Launched Jan 6, 2026

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.Not enough history yet.Not enough history yet.
PLU$3,102
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. PLU $3,102. SPY $10,332. Use the arrow keys to read each point.$2,523$6,724$10,925Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 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 PLU. Periods over one year show the average yearly return.
PeriodPLU
Year to dateFund launched this year—
1 month−11.7%
3 months−69.0%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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 PLU
YearReturn barPLU
2026 YTD−80.5%

History from Jan 7, 2026

PLU in the news

Filtered to PLU · Single-Stock Long Leveraged

PLU Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Jan 2026. No distributions yet.

PLU 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.
—
Launched Jan 2026; fills in after 12 months
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.
—
Launched Jan 2026; fills in after 12 months
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.
—
Launched Jan 2026; fills in after 12 months
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.
6.70
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.

PLU Cost

Expense ratio1.42%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

267 of the 333 Single-Stock Long Leveraged funds charge less.

PLU costs $142.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.

Other funds in Single-Stock Long Leveraged

See others