PLTU vs. IBMR
PLTU (Direxion Daily PLTR Bull 2X ETF) and IBMR (iShares iBonds Dec 2029 Term Muni Bond ETF) are both exchange-traded funds - PLTU is a Leveraged Equities fund actively managed by Direxion, while IBMR is a Municipal Bonds fund tracking the S&P AMT-Free Municipal Series Callable-Adjusted 2029 Index. PLTU is actively managed, while IBMR is passively managed. Over the past year, PLTU returned -45.63% vs 2.00% for IBMR. Their -0.06 correlation means they have often moved in opposite directions in the past. PLTU charges 0.86%/yr vs 0.18%/yr for IBMR.
Performance
PLTU vs. IBMR - Performance Comparison
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Returns By Period
In the year-to-date period, PLTU achieves a -41.29% return, which is significantly lower than IBMR's 0.81% return.
PLTU
- 1D
- -5.09%
- 1M
- 31.95%
- 6M
- 0.05%
- YTD
- -41.29%
- 1Y
- -45.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 60.34%
IBMR
- 1D
- 0.14%
- 1M
- -0.19%
- 6M
- -0.17%
- YTD
- 0.81%
- 1Y
- 2.00%
- 3Y*
- 3.36%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.70%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.38M | $1.35M | $1.49M | |
| $128.32M | $105.18M | $113.60M |
PLTU vs. IBMR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PLTU Direxion Daily PLTR Bull 2X ETF | -41.29% | 223.17% | 14.77% |
IBMR iShares iBonds Dec 2029 Term Muni Bond ETF | 0.81% | 4.45% | -0.91% |
Correlation
The correlation between PLTU and IBMR is -0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.03 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2024 | -0.06 |
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Return for Risk
PLTU vs. IBMR — Risk / Return Rank
PLTU
IBMR
PLTU vs. IBMR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily PLTR Bull 2X ETF (PLTU) and iShares iBonds Dec 2029 Term Muni Bond ETF (IBMR). 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.
| PLTU | IBMR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.62 | ||
| Sortino ratioReturn per unit of downside risk | -1.66 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.24 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 1.29 | -1.87 |
| Martin ratioReturn relative to average drawdown | -0.93 | 3.10 | -4.03 |
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Drawdowns
PLTU vs. IBMR - Drawdown Comparison
The maximum PLTU drawdown since its inception was -79.43%, which is greater than IBMR's maximum drawdown of -4.83%. Use the drawdown chart below to compare losses from any high point for PLTU and IBMR.
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Drawdown Indicators
| PLTU | IBMR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.43% | -4.83% | -74.60% |
Max Drawdown (1Y)Largest decline over 1 year | -79.43% | -1.55% | -77.88% |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.63% | — |
Current DrawdownCurrent decline from peak | -59.18% | -0.58% | -58.60% |
Average DrawdownAverage peak-to-trough decline | -35.85% | -1.00% | -34.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.98% | 0.65% | +48.33% |
Volatility
PLTU vs. IBMR - Volatility Comparison
Direxion Daily PLTR Bull 2X ETF (PLTU) has a higher volatility of 53.82% compared to iShares iBonds Dec 2029 Term Muni Bond ETF (IBMR) at 0.50%. This indicates that PLTU's price experiences larger fluctuations and is considered to be riskier than IBMR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLTU | IBMR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 53.82% | 0.50% | +53.32% |
Volatility (6M)Calculated over the trailing 6-month period | 92.81% | 1.12% | +91.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 119.30% | 1.63% | +117.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 132.75% | 3.00% | +129.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 132.75% | 3.00% | +129.75% |
PLTU vs. IBMR - Expense Ratio Comparison
PLTU has a 0.86% expense ratio, which is higher than IBMR's 0.18% expense ratio.
Dividends
PLTU vs. IBMR - Dividend Comparison
PLTU's dividend yield for the trailing twelve months is around 40.61%, more than IBMR's 2.53% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBMR iShares iBonds Dec 2029 Term Muni Bond ETF | 2.53% | 2.55% | 2.53% | 1.27% |
PLTU Direxion Daily PLTR Bull 2X ETF | 40.61% | 23.29% | 0.12% | 0.00% |
Frequently Asked Questions
PLTU and IBMR have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLTU has higher volatility (53.82%) compared to IBMR (0.50%). In terms of maximum drawdown, PLTU dropped -79.43% vs IBMR's -4.83%.
On 1-year performance, IBMR leads with 2.00% vs -45.63% for PLTU. On fees, IBMR is cheaper at 0.18% per year. On volatility, IBMR has been the lower-risk option at 0.50%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBMR has performed better with a 2.00% return vs -45.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBMR is cheaper with a 0.18% expense ratio, compared with 0.86% for PLTU.
PLTU has the higher dividend yield at 40.61%, compared with 2.53% for IBMR.
PLTU is categorized as Leveraged Equities, while IBMR is Municipal Bonds. They also come from different issuers: Direxion and iShares. Their fees differ too: 0.86% for PLTU and 0.18% for IBMR.
IBMR currently has the higher Sharpe Ratio (1.23 vs -0.39), 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.
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