BULX vs. PTIR

Last updated Jul 4, 2026

BULX (GraniteShares 2x Long BULL Daily ETF) and PTIR (GraniteShares 2x Long PLTR Daily ETF) are both Leveraged Equities funds from GraniteShares. BULX is actively managed, while PTIR is passively managed. At a 0.39 correlation, their price movements are largely independent. BULX charges 1.50%/yr vs 1.04%/yr for PTIR.

Performance

BULX vs. PTIR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long BULL Daily ETF (BULX) and GraniteShares 2x Long PLTR Daily ETF (PTIR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with BULX having a -58.20% return and PTIR slightly higher at -57.20%.

BULX

• 1D: 0.00%
• 1M: -8.80%
• 6M: -62.12%
• YTD: -58.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PTIR

• 1D: 5.44%
• 1M: -20.45%
• 6M: -51.83%
• YTD: -57.20%
• 1Y: -36.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BULX vs. PTIR - Yearly Performance Comparison

	2026 (YTD)	2025
BULX GraniteShares 2x Long BULL Daily ETF	-58.20%	-71.71%
PTIR GraniteShares 2x Long PLTR Daily ETF	-57.20%	14.76%

Correlation

The correlation between BULX and PTIR is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 3, 2025	0.39

Return for Risk

BULX vs. PTIR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BULX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

PTIR

PTIR Risk / Return Rank: 7
PTIR Sharpe Ratio Rank: 6
PTIR Sortino Ratio Rank: 9
PTIR Omega Ratio Rank: 9
PTIR Calmar Ratio Rank: 6
PTIR Martin Ratio Rank: 6

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BULX vs. PTIR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long BULL Daily ETF (BULX) and GraniteShares 2x Long PLTR Daily ETF (PTIR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BULX	PTIR	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.33	—
Sortino ratio: Return per unit of downside risk	—	0.16	—
Omega ratio: Gain probability vs. loss probability	—	1.02	—
Calmar ratio: Return relative to maximum drawdown	—	-0.43	—
Martin ratio: Return relative to average drawdown	—	-0.77	—

Drawdowns

BULX vs. PTIR - Drawdown Comparison

The maximum BULX drawdown since its inception was -93.25%, which is greater than PTIR's maximum drawdown of -79.40%. Use the drawdown chart below to compare losses from any high point for BULX and PTIR.

Drawdown Indicators

	BULX	PTIR	Difference
Max Drawdown Largest peak-to-trough decline	-93.25%	-79.40%	-13.85%
Max Drawdown (1Y) Largest decline over 1 year	—	-79.40%	—
Current Drawdown Current decline from peak	-90.87%	-70.50%	-20.37%
Average Drawdown Average peak-to-trough decline	-70.61%	-29.32%	-41.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	44.27%	—

Volatility

Volatility by Period

	BULX	PTIR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	35.35%	—
Volatility (6M) Calculated over the trailing 6-month period	—	80.48%	—
Volatility (1Y) Calculated over the trailing 1-year period	109.18%	102.77%	+6.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	109.18%	128.94%	-19.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	109.18%	128.94%	-19.76%

BULX vs. PTIR - Expense Ratio Comparison

BULX has a 1.50% expense ratio, which is higher than PTIR's 1.04% expense ratio.

Dividends

BULX vs. PTIR - Dividend Comparison

BULX has not paid dividends to shareholders, while PTIR's dividend yield for the trailing twelve months is around 13.58%.

Position	TTM	2025
BULX GraniteShares 2x Long BULL Daily ETF	0.00%	0.00%
PTIR GraniteShares 2x Long PLTR Daily ETF	13.58%	5.81%

Frequently Asked Questions

Can I hold both BULX and PTIR in my portfolio?

BULX and PTIR have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BULX or PTIR?

On fees, PTIR is cheaper at 1.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BULX or PTIR?

PTIR is cheaper with a 1.04% expense ratio, compared with 1.50% for BULX.

Which ETF pays a higher dividend yield, BULX or PTIR?

PTIR has the higher dividend yield at 13.58%, compared with 0.00% for BULX.

What is the main difference between BULX and PTIR?

Their fees differ too: 1.50% for BULX and 1.04% for PTIR.