PLTM vs. PLTU

Last updated Jun 4, 2026

PLTM (GraniteShares Platinum Trust) and PLTU (Direxion Daily PLTR Bull 2X Shares) are both exchange-traded funds - PLTM is a Precious Metals fund tracking the Platinum London PM Fix ($/ozt), while PLTU is a Leveraged Equities fund actively managed by Direxion. PLTM is passively managed, while PLTU is actively managed. Over the past year, PLTM returned 71.85% vs -21.46% for PLTU. At a 0.13 correlation, their price movements are largely independent. PLTM charges 0.50%/yr vs 0.97%/yr for PLTU.

Performance

PLTM vs. PLTU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares Platinum Trust (PLTM) 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, PLTM achieves a -9.33% return, which is significantly higher than PLTU's -46.71% return.

PLTM

• 1D: -3.82%
• 1M: -4.28%
• YTD: -9.33%
• 6M: 11.67%
• 1Y: 71.85%
• 3Y*: 22.22%
• 5Y*: 9.22%
• 10Y*: —

PLTU

• 1D: -13.03%
• 1M: -9.11%
• YTD: -46.71%
• 6M: -46.12%
• 1Y: -21.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PLTM vs. PLTU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PLTM GraniteShares Platinum Trust	-9.33%	124.46%	-3.25%
PLTU Direxion Daily PLTR Bull 2X Shares	-46.71%	223.17%	6.41%

Correlation

The correlation between PLTM and PLTU is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (All Time) Calculated using the full available price history since Dec 12, 2024	0.13

PLTM vs. PLTU - Sectors Allocation Comparison

Sectors	PLTM	PLTU
Real Estate	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Technology	-	100.0%
Utilities	-	-

Return for Risk

PLTM vs. PLTU — Risk / Return Rank

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

PLTM

PLTM Risk / Return Rank: 36
PLTM Sharpe Ratio Rank: 39
PLTM Sortino Ratio Rank: 33
PLTM Omega Ratio Rank: 39
PLTM Calmar Ratio Rank: 42
PLTM Martin Ratio Rank: 30

PLTU

PLTU Risk / Return Rank: 8
PLTU Sharpe Ratio Rank: 7
PLTU Sortino Ratio Rank: 11
PLTU Omega Ratio Rank: 11
PLTU Calmar Ratio Rank: 6
PLTU 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.

PLTM vs. PLTU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares Platinum Trust (PLTM) 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.

	PLTM	PLTU	Difference
Sharpe ratio Return per unit of total volatility	1.41	-0.21	+1.61
Sortino ratio Return per unit of downside risk	1.80	0.40	+1.40
Omega ratio Gain probability vs. loss probability	1.26	1.05	+0.21
Calmar ratio Return relative to maximum drawdown	2.09	-0.32	+2.41
Martin ratio Return relative to average drawdown	4.43	-0.54	+4.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PLTM vs. PLTU - Sharpe Ratio Comparison

The current PLTM Sharpe Ratio is 1.41, which is higher than the PLTU Sharpe Ratio of -0.21. The chart below compares the historical Sharpe Ratios of PLTM 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

	PLTM	PLTU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.41	-0.21	+1.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.40	-0.17

Drawdowns

PLTM vs. PLTU - Drawdown Comparison

The maximum PLTM drawdown since its inception was -42.32%, smaller than the maximum PLTU drawdown of -69.14%. Use the drawdown chart below to compare losses from any high point for PLTM and PLTU.

Drawdown Indicators

	PLTM	PLTU	Difference
Max Drawdown Largest peak-to-trough decline	-42.32%	-69.14%	+26.82%
Max Drawdown (1Y) Largest decline over 1 year	-34.52%	-68.10%	+33.58%
Max Drawdown (3Y) Largest decline over 3 years	-34.52%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-34.52%	—	—
Current Drawdown Current decline from peak	-33.02%	-62.95%	+29.93%
Average Drawdown Average peak-to-trough decline	-18.55%	-31.90%	+13.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.28%	39.45%	-23.17%

Volatility

PLTM vs. PLTU - Volatility Comparison

The current volatility for GraniteShares Platinum Trust (PLTM) is 10.88%, while Direxion Daily PLTR Bull 2X Shares (PLTU) has a volatility of 36.67%. This indicates that PLTM 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

	PLTM	PLTU	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.88%	36.67%	-25.79%
Volatility (6M) Calculated over the trailing 6-month period	45.45%	77.36%	-31.91%
Volatility (1Y) Calculated over the trailing 1-year period	51.40%	103.08%	-51.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.83%	127.24%	-94.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.98%	127.24%	-96.26%

PLTM vs. PLTU - Expense Ratio Comparison

PLTM has a 0.50% expense ratio, which is lower than PLTU's 0.97% expense ratio.

Dividends

PLTM vs. PLTU - Dividend Comparison

PLTM has not paid dividends to shareholders, while PLTU's dividend yield for the trailing twelve months is around 44.62%.

Position	TTM	2025	2024
PLTM GraniteShares Platinum Trust	0.00%	0.00%	0.00%
PLTU Direxion Daily PLTR Bull 2X Shares	44.62%	23.29%	0.12%

Frequently Asked Questions

Can I hold both PLTM and PLTU in my portfolio?

PLTM and PLTU have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PLTM or PLTU?

PLTU has higher volatility (36.67%) compared to PLTM (10.88%). In terms of maximum drawdown, PLTM dropped -42.32% vs PLTU's -69.14%.

Which ETF is better, PLTM or PLTU?

On 1-year performance, PLTM leads with 71.85% vs -21.46% for PLTU. On fees, PLTM is cheaper at 0.50% per year. On volatility, PLTM has been the lower-risk option at 10.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PLTM or PLTU?

Over the 1-year period, PLTM has performed better with a 71.85% return vs -21.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PLTM or PLTU?

PLTM is cheaper with a 0.50% expense ratio, compared with 0.97% for PLTU.

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

PLTU has the higher dividend yield at 44.62%, compared with 0.00% for PLTM.

What is the main difference between PLTM and PLTU?

PLTM is categorized as Precious Metals, while PLTU is Leveraged Equities. They also come from different issuers: GraniteShares and Direxion. Their fees differ too: 0.50% for PLTM and 0.97% for PLTU.

Which has better risk-adjusted returns?

PLTM currently has the higher Sharpe Ratio (1.41 vs -0.21), 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.