IBMR vs. PLTU

Last updated Jun 3, 2026

IBMR (iShares iBonds Dec 2029 Term Muni Bond ETF) and PLTU (Direxion Daily PLTR Bull 2X Shares) are both exchange-traded funds - IBMR is a Municipal Bonds fund tracking the S&P AMT-Free Municipal Series Callable-Adjusted 2029 Index, while PLTU is a Leveraged Equities fund actively managed by Direxion. IBMR is passively managed, while PLTU is actively managed. Over the past year, IBMR returned 4.07% vs -8.24% for PLTU. At a correlation of -0.09, they often move in opposite directions. IBMR charges 0.18%/yr vs 0.97%/yr for PLTU.

Performance

IBMR vs. PLTU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2029 Term Muni Bond ETF (IBMR) and Direxion Daily PLTR Bull 2X Shares (PLTU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBMR achieves a 0.71% return, which is significantly higher than PLTU's -38.73% return.

IBMR

• 1D: 0.10%
• 1M: 0.27%
• YTD: 0.71%
• 6M: 1.17%
• 1Y: 4.07%
• 3Y*: 3.48%
• 5Y*: —
• 10Y*: —

PLTU

• 1D: -10.57%
• 1M: 7.62%
• YTD: -38.73%
• 6M: -34.09%
• 1Y: -8.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBMR vs. PLTU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IBMR iShares iBonds Dec 2029 Term Muni Bond ETF	0.71%	4.45%	-0.74%
PLTU Direxion Daily PLTR Bull 2X Shares	-38.73%	223.17%	6.41%

Correlation

The correlation between IBMR and PLTU is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.07
Correlation (All Time) Calculated using the full available price history since Dec 12, 2024	-0.09

Return for Risk

IBMR vs. PLTU — Risk / Return Rank

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

IBMR

IBMR Risk / Return Rank: 64
IBMR Sharpe Ratio Rank: 69
IBMR Sortino Ratio Rank: 74
IBMR Omega Ratio Rank: 82
IBMR Calmar Ratio Rank: 52
IBMR Martin Ratio Rank: 42

PLTU

PLTU Risk / Return Rank: 10
PLTU Sharpe Ratio Rank: 8
PLTU Sortino Ratio Rank: 14
PLTU Omega Ratio Rank: 14
PLTU Calmar Ratio Rank: 8
PLTU Martin Ratio Rank: 7

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.

IBMR vs. PLTU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2029 Term Muni Bond ETF (IBMR) and Direxion Daily PLTR Bull 2X Shares (PLTU). 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.

	IBMR	PLTU	Difference
Sharpe ratio Return per unit of total volatility	2.33	-0.08	+2.42
Sortino ratio Return per unit of downside risk	3.44	0.60	+2.84
Omega ratio Gain probability vs. loss probability	1.51	1.08	+0.43
Calmar ratio Return relative to maximum drawdown	2.63	-0.12	+2.75
Martin ratio Return relative to average drawdown	7.03	-0.20	+7.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBMR vs. PLTU - Sharpe Ratio Comparison

The current IBMR Sharpe Ratio is 2.33, which is higher than the PLTU Sharpe Ratio of -0.08. The chart below compares the historical Sharpe Ratios of IBMR and PLTU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IBMR	PLTU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	-0.08	+2.42
Sharpe Ratio (All Time) Calculated using the full available price history	0.93	0.53	+0.40

Drawdowns

IBMR vs. PLTU - Drawdown Comparison

The maximum IBMR drawdown since its inception was -4.83%, smaller than the maximum PLTU drawdown of -69.14%. Use the drawdown chart below to compare losses from any high point for IBMR and PLTU.

Drawdown Indicators

	IBMR	PLTU	Difference
Max Drawdown Largest peak-to-trough decline	-4.83%	-69.14%	+64.31%
Max Drawdown (1Y) Largest decline over 1 year	-1.55%	-68.10%	+66.55%
Max Drawdown (3Y) Largest decline over 3 years	-4.72%	—	—
Current Drawdown Current decline from peak	-0.68%	-57.40%	+56.72%
Average Drawdown Average peak-to-trough decline	-1.02%	-31.81%	+30.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.58%	39.25%	-38.67%

Volatility

IBMR vs. PLTU - Volatility Comparison

The current volatility for iShares iBonds Dec 2029 Term Muni Bond ETF (IBMR) is 0.44%, while Direxion Daily PLTR Bull 2X Shares (PLTU) has a volatility of 33.93%. This indicates that IBMR experiences smaller price fluctuations and is considered to be less risky than PLTU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBMR	PLTU	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.44%	33.93%	-33.49%
Volatility (6M) Calculated over the trailing 6-month period	1.14%	76.15%	-75.01%
Volatility (1Y) Calculated over the trailing 1-year period	1.75%	102.23%	-100.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.07%	126.92%	-123.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.07%	126.92%	-123.85%

IBMR vs. PLTU - Expense Ratio Comparison

IBMR has a 0.18% expense ratio, which is lower than PLTU's 0.97% expense ratio.

Dividends

IBMR vs. PLTU - Dividend Comparison

IBMR's dividend yield for the trailing twelve months is around 2.55%, less than PLTU's 38.81% yield.

Position	TTM	2025	2024	2023
IBMR iShares iBonds Dec 2029 Term Muni Bond ETF	2.55%	2.55%	2.53%	1.27%
PLTU Direxion Daily PLTR Bull 2X Shares	38.81%	23.29%	0.12%	0.00%

Frequently Asked Questions

Can I hold both IBMR and PLTU in my portfolio?

IBMR and PLTU have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBMR or PLTU?

PLTU has higher volatility (33.93%) compared to IBMR (0.44%). In terms of maximum drawdown, IBMR dropped -4.83% vs PLTU's -69.14%.

Which ETF is better, IBMR or PLTU?

On 1-year performance, IBMR leads with 4.07% vs -8.24% for PLTU. On fees, IBMR is cheaper at 0.18% per year. On volatility, IBMR has been the lower-risk option at 0.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBMR or PLTU?

Over the 1-year period, IBMR has performed better with a 4.07% return vs -8.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBMR or PLTU?

IBMR is cheaper with a 0.18% expense ratio, compared with 0.97% for PLTU.

Which ETF pays a higher dividend yield, IBMR or PLTU?

PLTU has the higher dividend yield at 38.81%, compared with 2.55% for IBMR.

What is the main difference between IBMR and PLTU?

IBMR is categorized as Municipal Bonds, while PLTU is Leveraged Equities. They also come from different issuers: iShares and Direxion. Their fees differ too: 0.18% for IBMR and 0.97% for PLTU.

Which has better risk-adjusted returns?

IBMR currently has the higher Sharpe Ratio (2.33 vs -0.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.