Skip to content
etf.net

PLU

GradeDChicago Board Options Exchange

Daily Target 2X Long PL ETF

Leveraged · Single-Stock Leveraged · Defiance · Inception 2026-01-06

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.

$4.66−0.26 (−5.28%)

As of Sep 23, 2026, 3:03 PM EDT

History starts Jan 7, 2026.History starts Jan 7, 2026.
Intraday session: down, 55 prints from 4.92 to 4.66. Range 4.66 to 4.88. Use the arrow keys to read each point.$4.70$4.80$4.9010 AM12 PM2 PM4 PM
Expense ratio
1.42%
Fund size
$7M
1Y return
—
Yield · Last 12 months
—
Holdings
10
Volume · 30D
0.3M sh
NAV per share
$5.05
52W range
low $4.26high $71.00

The ETF.net PLU Grade

D

30/ 100

Rank 264 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for PLU. Scores out of 100: Cost 22, Risk 33, Mission 92, Tradability 36, Holdings not scored, Durability 56. Strongest: Mission (92). Weakest: Cost (22). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 30 of 100 sits in the D 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.
    FScore 22
    Category rank298/380 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 92
    Category rank75/147 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 33
    Category rank211/285 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 36
    Category rank239/380 · mid-pack

  • 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 56
    Category rank151/380 · top 40%

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

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 Sep 20, 2026, 5:08 AM
Asset class
Other
Holdings
10
Top-10 weight
214%
Largest holding
PLANET LABS PBC SWAP MAREX-L35.4%

Geography

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—PLANET LABS PBC SWAP MAREX-L35.39%147,177$2M1
002—PLANET LABS PBC-SWAP-JNST-L35.07%145,859$2M1
003—PLANET LABS PBC-SWAP-NMRA-L33.44%139,068$2M2
004—PLANET LABS PBC SWAP CS-L31.99%133,045$2M1
005—PLANET LABS SWAP NBC-L29.55%122,902$2M1
006—PLANET LABS PBC SWAP CANTOR-L25.73%106,996$2M1
007—United States Treasury Bill 11/19/202613.10%900,000$894K48
008—PLANET LABS PBC-SWAP-MSCS-L9.02%37,500$616K1
009—First American Government Obligations Fund 12/01/20310.51%35,083$35K625

Showing 1–9 of 9 holdings

PLU Performance

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

PLU$2,764
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. PLU $2,764. SPY $10,415. Use the arrow keys to read each point.$1,712$7,587$13,462Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – 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 PLU. Periods over one year show the average yearly return.
PeriodPLU
Year to dateFund launched this year—
1 month−45.6%
3 months−72.4%
1 yearFund is under 1 year old—
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 PLU
YearReturn barPLU
2026 YTD−77.3%

History from Jan 7, 2026

PLU in the news

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

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 Sep 22, 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.
6.45
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%

263 of the 329 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.