PLTU vs. ARMG

Last updated Jun 4, 2026

PLTU (Direxion Daily PLTR Bull 2X Shares) and ARMG (Leverage Shares 2X Long ARM Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, PLTU returned -21.46% vs 510.84% for ARMG. At a 0.33 correlation, their price movements are largely independent. PLTU charges 0.97%/yr vs 0.75%/yr for ARMG.

Performance

PLTU vs. ARMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily PLTR Bull 2X Shares (PLTU) and Leverage Shares 2X Long ARM Daily ETF (ARMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PLTU achieves a -46.71% return, which is significantly lower than ARMG's 936.32% return.

PLTU

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

ARMG

• 1D: 4.85%
• 1M: 261.28%
• YTD: 936.32%
• 6M: 526.62%
• 1Y: 510.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PLTU vs. ARMG - Yearly Performance Comparison

	2026 (YTD)	2025
PLTU Direxion Daily PLTR Bull 2X Shares	-46.71%	334.53%
ARMG Leverage Shares 2X Long ARM Daily ETF	936.32%	-61.80%

Correlation

The correlation between PLTU and ARMG is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (All Time) Calculated using the full available price history since Jan 15, 2025	0.33

The correlation between PLTU and ARMG shifts across timeframes, from 0.22 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PLTU vs. ARMG — Risk / Return Rank

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

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

ARMG

ARMG Risk / Return Rank: 84
ARMG Sharpe Ratio Rank: 95
ARMG Sortino Ratio Rank: 80
ARMG Omega Ratio Rank: 77
ARMG Calmar Ratio Rank: 94
ARMG Martin Ratio Rank: 71

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.

PLTU vs. ARMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily PLTR Bull 2X Shares (PLTU) and Leverage Shares 2X Long ARM Daily ETF (ARMG). 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.

	PLTU	ARMG	Difference
Sharpe ratio Return per unit of total volatility	-0.21	3.96	-4.16
Sortino ratio Return per unit of downside risk	0.40	3.63	-3.23
Omega ratio Gain probability vs. loss probability	1.05	1.46	-0.41
Calmar ratio Return relative to maximum drawdown	-0.32	7.56	-7.88
Martin ratio Return relative to average drawdown	-0.54	13.34	-13.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PLTU vs. ARMG - Sharpe Ratio Comparison

The current PLTU Sharpe Ratio is -0.21, which is lower than the ARMG Sharpe Ratio of 3.96. The chart below compares the historical Sharpe Ratios of PLTU and ARMG, 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

	PLTU	ARMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.21	3.96	-4.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	1.24	-0.84

Drawdowns

PLTU vs. ARMG - Drawdown Comparison

The maximum PLTU drawdown since its inception was -69.14%, smaller than the maximum ARMG drawdown of -80.28%. Use the drawdown chart below to compare losses from any high point for PLTU and ARMG.

Drawdown Indicators

	PLTU	ARMG	Difference
Max Drawdown Largest peak-to-trough decline	-69.14%	-80.28%	+11.14%
Max Drawdown (1Y) Largest decline over 1 year	-68.10%	-68.13%	+0.03%
Current Drawdown Current decline from peak	-62.95%	0.00%	-62.95%
Average Drawdown Average peak-to-trough decline	-31.90%	-53.04%	+21.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.45%	38.55%	+0.90%

Volatility

PLTU vs. ARMG - Volatility Comparison

The current volatility for Direxion Daily PLTR Bull 2X Shares (PLTU) is 36.67%, while Leverage Shares 2X Long ARM Daily ETF (ARMG) has a volatility of 64.57%. This indicates that PLTU experiences smaller price fluctuations and is considered to be less risky than ARMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PLTU	ARMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	36.67%	64.57%	-27.90%
Volatility (6M) Calculated over the trailing 6-month period	77.36%	103.90%	-26.54%
Volatility (1Y) Calculated over the trailing 1-year period	103.08%	130.31%	-27.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	127.24%	138.30%	-11.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	127.24%	138.30%	-11.06%

PLTU vs. ARMG - Expense Ratio Comparison

PLTU has a 0.97% expense ratio, which is higher than ARMG's 0.75% expense ratio.

Dividends

PLTU vs. ARMG - Dividend Comparison

PLTU's dividend yield for the trailing twelve months is around 44.62%, more than ARMG's 0.47% yield.

Position	TTM	2025	2024
ARMG Leverage Shares 2X Long ARM Daily ETF	0.47%	4.86%	0.00%
PLTU Direxion Daily PLTR Bull 2X Shares	44.62%	23.29%	0.12%

Frequently Asked Questions

Can I hold both PLTU and ARMG in my portfolio?

PLTU and ARMG have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PLTU or ARMG?

ARMG has higher volatility (64.57%) compared to PLTU (36.67%). In terms of maximum drawdown, PLTU dropped -69.14% vs ARMG's -80.28%.

Which ETF is better, PLTU or ARMG?

On 1-year performance, ARMG leads with 510.84% vs -21.46% for PLTU. On fees, ARMG is cheaper at 0.75% per year. On volatility, PLTU has been the lower-risk option at 36.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PLTU or ARMG?

Over the 1-year period, ARMG has performed better with a 510.84% return vs -21.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PLTU or ARMG?

ARMG is cheaper with a 0.75% expense ratio, compared with 0.97% for PLTU.

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

PLTU has the higher dividend yield at 44.62%, compared with 0.47% for ARMG.

What is the main difference between PLTU and ARMG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.97% for PLTU and 0.75% for ARMG.

Which has better risk-adjusted returns?

ARMG currently has the higher Sharpe Ratio (3.96 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.