PLTG vs. DFCA

Last updated Jun 4, 2026

PLTG (Leverage Shares 2X Long PLTR Daily ETF) and DFCA (Dimensional California Municipal Bond ETF) are both exchange-traded funds - PLTG is a Leveraged Equities fund actively managed by Leverage Shares, while DFCA is a Municipal Bonds fund actively managed by Dimensional. Both are actively managed. Over the past year, PLTG returned -24.67% vs 5.05% for DFCA. At a correlation of -0.06, they often move in opposite directions. PLTG charges 0.75%/yr vs 0.19%/yr for DFCA.

Performance

PLTG vs. DFCA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long PLTR Daily ETF (PLTG) and Dimensional California Municipal Bond ETF (DFCA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PLTG achieves a -47.23% return, which is significantly lower than DFCA's 1.07% return.

PLTG

• 1D: -13.32%
• 1M: -9.50%
• YTD: -47.23%
• 6M: -47.68%
• 1Y: -24.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DFCA

• 1D: -0.03%
• 1M: 0.54%
• YTD: 1.07%
• 6M: 1.46%
• 1Y: 5.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PLTG vs. DFCA - Yearly Performance Comparison

	2026 (YTD)	2025
PLTG Leverage Shares 2X Long PLTR Daily ETF	-47.23%	86.53%
DFCA Dimensional California Municipal Bond ETF	1.07%	4.00%

Correlation

The correlation between PLTG and DFCA 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 Apr 28, 2025	-0.06

Return for Risk

PLTG vs. DFCA — Risk / Return Rank

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

PLTG

PLTG Risk / Return Rank: 8
PLTG Sharpe Ratio Rank: 6
PLTG Sortino Ratio Rank: 11
PLTG Omega Ratio Rank: 11
PLTG Calmar Ratio Rank: 6
PLTG Martin Ratio Rank: 6

DFCA

DFCA Risk / Return Rank: 76
DFCA Sharpe Ratio Rank: 86
DFCA Sortino Ratio Rank: 90
DFCA Omega Ratio Rank: 91
DFCA Calmar Ratio Rank: 58
DFCA Martin Ratio Rank: 55

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.

PLTG vs. DFCA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long PLTR Daily ETF (PLTG) and Dimensional California Municipal Bond ETF (DFCA). 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.

	PLTG	DFCA	Difference
Sharpe ratio: Return per unit of total volatility	-0.24	2.87	-3.11
Sortino ratio: Return per unit of downside risk	0.34	4.24	-3.90
Omega ratio: Gain probability vs. loss probability	1.04	1.61	-0.57
Calmar ratio: Return relative to maximum drawdown	-0.36	2.87	-3.23
Martin ratio: Return relative to average drawdown	-0.62	9.29	-9.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PLTG vs. DFCA - Sharpe Ratio Comparison

The current PLTG Sharpe Ratio is -0.24, which is lower than the DFCA Sharpe Ratio of 2.87. The chart below compares the historical Sharpe Ratios of PLTG and DFCA, 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

	PLTG	DFCA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.24	2.87	-3.11
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	1.13	-1.14

Drawdowns

PLTG vs. DFCA - Drawdown Comparison

The maximum PLTG drawdown since its inception was -69.02%, which is greater than DFCA's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for PLTG and DFCA.

Drawdown Indicators

	PLTG	DFCA	Difference
Max Drawdown Largest peak-to-trough decline	-69.02%	-3.28%	-65.74%
Max Drawdown (1Y) Largest decline over 1 year	-69.02%	-1.77%	-67.25%
Current Drawdown Current decline from peak	-64.14%	-0.52%	-63.62%
Average Drawdown Average peak-to-trough decline	-30.36%	-0.70%	-29.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.15%	0.55%	+39.60%

Volatility

PLTG vs. DFCA - Volatility Comparison

Leverage Shares 2X Long PLTR Daily ETF (PLTG) has a higher volatility of 36.64% compared to Dimensional California Municipal Bond ETF (DFCA) at 0.55%. This indicates that PLTG's price experiences larger fluctuations and is considered to be riskier than DFCA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PLTG	DFCA	Difference
Volatility (1M) Calculated over the trailing 1-month period	36.64%	0.55%	+36.09%
Volatility (6M) Calculated over the trailing 6-month period	77.89%	1.30%	+76.59%
Volatility (1Y) Calculated over the trailing 1-year period	103.03%	1.77%	+101.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	106.00%	2.48%	+103.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	106.00%	2.48%	+103.52%

PLTG vs. DFCA - Expense Ratio Comparison

PLTG has a 0.75% expense ratio, which is higher than DFCA's 0.19% expense ratio.

Dividends

PLTG vs. DFCA - Dividend Comparison

PLTG's dividend yield for the trailing twelve months is around 34.37%, more than DFCA's 2.69% yield.

Position	TTM	2025	2024	2023
DFCA Dimensional California Municipal Bond ETF	2.69%	2.86%	2.86%	1.24%
PLTG Leverage Shares 2X Long PLTR Daily ETF	34.37%	18.14%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PLTG and DFCA in my portfolio?

PLTG and DFCA 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, PLTG or DFCA?

PLTG has higher volatility (36.64%) compared to DFCA (0.55%). In terms of maximum drawdown, PLTG dropped -69.02% vs DFCA's -3.28%.

Which ETF is better, PLTG or DFCA?

On 1-year performance, DFCA leads with 5.05% vs -24.67% for PLTG. On fees, DFCA is cheaper at 0.19% per year. On volatility, DFCA has been the lower-risk option at 0.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PLTG or DFCA?

Over the 1-year period, DFCA has performed better with a 5.05% return vs -24.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PLTG or DFCA?

DFCA is cheaper with a 0.19% expense ratio, compared with 0.75% for PLTG.

Which ETF pays a higher dividend yield, PLTG or DFCA?

PLTG has the higher dividend yield at 34.37%, compared with 2.69% for DFCA.

What is the main difference between PLTG and DFCA?

PLTG is categorized as Leveraged Equities, while DFCA is Municipal Bonds. They also come from different issuers: Leverage Shares and Dimensional. Their fees differ too: 0.75% for PLTG and 0.19% for DFCA.

Which has better risk-adjusted returns?

DFCA currently has the higher Sharpe Ratio (2.87 vs -0.24), 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.