PLTG vs. FXU

Last updated Jul 17, 2026

PLTG (Leverage Shares 2X Long PLTR Daily ETF) and FXU (First Trust Utilities AlphaDEX Fund) are both exchange-traded funds - PLTG is a Leveraged Equities fund actively managed by Leverage Shares, while FXU is a Utilities Equities fund tracking the StrataQuant Utilities Index. PLTG is actively managed, while FXU is passively managed. Over the past year, PLTG returned -47.73% vs 20.25% for FXU. At a correlation of -0.09, they often move in opposite directions. PLTG charges 0.75%/yr vs 0.62%/yr for FXU.

Performance

PLTG vs. FXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long PLTR Daily ETF (PLTG) and First Trust Utilities AlphaDEX Fund (FXU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PLTG achieves a -55.06% return, which is significantly lower than FXU's 12.12% return.

PLTG

• 1D: 1.12%
• 1M: -1.84%
• 6M: -54.21%
• YTD: -55.06%
• 1Y: -47.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FXU

• 1D: 1.07%
• 1M: 2.99%
• 6M: 8.95%
• YTD: 12.12%
• 1Y: 20.25%
• 3Y*: 18.58%
• 5Y*: 12.64%
• 10Y*: 9.14%

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

PLTG vs. FXU - Yearly Performance Comparison

	2026 (YTD)	2025
PLTG Leverage Shares 2X Long PLTR Daily ETF	-55.06%	100.70%
FXU First Trust Utilities AlphaDEX Fund	12.12%	11.98%

Correlation

The correlation between PLTG and FXU is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.13
Correlation (All Time) Calculated using the full available price history since Apr 25, 2025	-0.09

Return for Risk

PLTG vs. FXU — Risk / Return Rank

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

PLTG

PLTG Risk / Return Rank: 6
PLTG Sharpe Ratio Rank: 5
PLTG Sortino Ratio Rank: 7
PLTG Omega Ratio Rank: 7
PLTG Calmar Ratio Rank: 4
PLTG Martin Ratio Rank: 4

FXU

FXU Risk / Return Rank: 51
FXU Sharpe Ratio Rank: 54
FXU Sortino Ratio Rank: 51
FXU Omega Ratio Rank: 48
FXU Calmar Ratio Rank: 59
FXU Martin Ratio Rank: 45

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. FXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long PLTR Daily ETF (PLTG) and First Trust Utilities AlphaDEX Fund (FXU). 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.

	PLTG	FXU	Difference
Sharpe ratio: Return per unit of total volatility	-0.47	1.49	-1.96
Sortino ratio: Return per unit of downside risk	-0.15	2.06	-2.20
Omega ratio: Gain probability vs. loss probability	0.98	1.25	-0.27
Calmar ratio: Return relative to maximum drawdown	-0.60	2.36	-2.95
Martin ratio: Return relative to average drawdown	-1.02	5.98	-7.00

PLTG vs. FXU - Sharpe Ratio Comparison

The current PLTG Sharpe Ratio is -0.47, which is lower than the FXU Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of PLTG and FXU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PLTG vs. FXU - Drawdown Comparison

The maximum PLTG drawdown since its inception was -80.11%, which is greater than FXU's maximum drawdown of -49.00%. Use the drawdown chart below to compare losses from any high point for PLTG and FXU.

Drawdown Indicators

	PLTG	FXU	Difference
Max Drawdown Largest peak-to-trough decline	-80.11%	-49.00%	-31.11%
Max Drawdown (1Y) Largest decline over 1 year	-80.11%	-8.63%	-71.48%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.87%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.81%	—
Current Drawdown Current decline from peak	-69.46%	-2.14%	-67.32%
Average Drawdown Average peak-to-trough decline	-34.16%	-7.61%	-26.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.86%	3.40%	+43.46%

Volatility

PLTG vs. FXU - Volatility Comparison

Leverage Shares 2X Long PLTR Daily ETF (PLTG) has a higher volatility of 31.48% compared to First Trust Utilities AlphaDEX Fund (FXU) at 4.63%. This indicates that PLTG's price experiences larger fluctuations and is considered to be riskier than FXU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PLTG	FXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	31.48%	4.63%	+26.85%
Volatility (6M) Calculated over the trailing 6-month period	80.35%	10.79%	+69.56%
Volatility (1Y) Calculated over the trailing 1-year period	102.79%	13.61%	+89.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	105.70%	16.61%	+89.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	105.70%	18.36%	+87.34%

PLTG vs. FXU - Expense Ratio Comparison

PLTG has a 0.75% expense ratio, which is higher than FXU's 0.62% expense ratio.

Dividends

PLTG vs. FXU - Dividend Comparison

PLTG's dividend yield for the trailing twelve months is around 40.36%, more than FXU's 2.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXU First Trust Utilities AlphaDEX Fund	2.13%	2.29%	2.41%	2.52%	2.03%	2.00%	3.97%	2.34%	2.40%	3.81%	2.62%	3.90%
PLTG Leverage Shares 2X Long PLTR Daily ETF	40.36%	18.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PLTG and FXU in my portfolio?

PLTG and FXU have a correlation of -0.13, 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 FXU?

PLTG has higher volatility (31.48%) compared to FXU (4.63%). In terms of maximum drawdown, PLTG dropped -80.11% vs FXU's -49.00%.

Which ETF is better, PLTG or FXU?

On 1-year performance, FXU leads with 20.25% vs -47.73% for PLTG. On fees, FXU is cheaper at 0.62% per year. On volatility, FXU has been the lower-risk option at 4.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PLTG or FXU?

Over the 1-year period, FXU has performed better with a 20.25% return vs -47.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PLTG or FXU?

FXU is cheaper with a 0.62% expense ratio, compared with 0.75% for PLTG.

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

PLTG has the higher dividend yield at 40.36%, compared with 2.13% for FXU.

What is the main difference between PLTG and FXU?

PLTG is categorized as Leveraged Equities, while FXU is Utilities Equities. They also come from different issuers: Leverage Shares and First Trust. Their fees differ too: 0.75% for PLTG and 0.62% for FXU.

Which has better risk-adjusted returns?

FXU currently has the higher Sharpe Ratio (1.49 vs -0.47), 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.