PLTU vs PLYY

PLTUBDirexion Daily PLTR Bull 2X Shares

PLYYDGraniteShares YieldBOOST PLTR ETF

In short

PLTU Palantir with the volume turned up. PLTU aims for 200% of PLTR's daily move and resets every night, so it behaves like a trading tool rather than a buy-and-hold sleeve, and it charges less than the median 2x PLTR fund.

PLYY Most PLTR funds chase the stock's move. PLYY goes sideways: it sells put options tied to 2x long PLTR exposure and pays the premium out monthly. Income first, with the downside of a leveraged Palantir bet still in the seat.

Stated mandate

PLTU The fund seeks daily investment results equal to 200% of the performance of Palantir Technologies Inc. common shares, before fees and expenses.

PLYY The Fund seeks current income through options strategies, primarily selling put options on leveraged ETFs tracking a 2x long PLTR exposure.

Why people hold it

• PLTU Mechanically simple: 200% of Palantir's daily move, before fees, reset each session. Direxion runs the matching bear side (PLTD) if you want the other direction.direxion.com
• 0.97% expense ratio, below the median for the 2x PLTR shelf. Cheap is relative in leveraged land, but the gap matters most to people who trade it often.
• Has tracked its stated 200%-of-daily target closely, one of the stronger implementations among the Palantir leverage funds we cover.
• Several hundred million dollars in assets and one of the more actively traded names in the PLTR leverage group, which generally supports tighter spreads.

• PLYY The income angle in a cohort built for amplified upside: PLYY sells puts on 2x long PLTR exposure and distributes on a monthly schedule.graniteshares.com
• One ticker does the options work. No margin account, no contracts to roll, no assignment to manage.graniteshares.com
• At 1.07%, it costs about what the straight 2x PLTR funds do (cohort median 1.04%), so the options overlay isn't priced at a premium.
• Run by GraniteShares, which also operates the 2x long PLTR fund (PTIR) the strategy is built around, so the underlying exposure is in-house.graniteshares.com

Worth knowing

• PLTU Daily reset means path matters. Hold through choppy stretches and the result can drift well away from twice Palantir's return over that same span.direxion.com
• One stock, doubled. A 10% down day in PLTR is roughly a 20% down day here, and there is no diversification anywhere in the wrapper.
• PLTG lists a lower fee (0.75%) on the same 2x PLTR exposure, and this one launched in December 2024, so the track record is still short.

• PLYY Selling puts swaps upside for premium. If Palantir rips, you collect option income rather than the run, while the downside of 2x exposure still comes through.
• Launched in 2025, and smaller and less traded than the flagship leveraged PLTR funds, so spreads can be wider. Limit orders matter here.
• Premiums rise and fall with Palantir's volatility, so the monthly payout is variable by design rather than a fixed coupon.

Full PLTU profile⁠

Full PLYY profile⁠