PLTU vs. PLTY

Last updated Jun 3, 2026

PLTU (Direxion Daily PLTR Bull 2X Shares) and PLTY (YieldMax PLTR Option Income Strategy ETF) are both exchange-traded funds - PLTU is a Leveraged Equities fund actively managed by Direxion, while PLTY is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, PLTU returned -8.24% vs 11.69% for PLTY. With a 0.99 correlation, they move nearly in lockstep. PLTU charges 0.97%/yr vs 0.99%/yr for PLTY.

Performance

PLTU vs. PLTY - Performance Comparison

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

Returns By Period

In the year-to-date period, PLTU achieves a -38.73% return, which is significantly lower than PLTY's -8.48% return.

PLTU

• 1D: -10.57%
• 1M: 7.62%
• YTD: -38.73%
• 6M: -34.09%
• 1Y: -8.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PLTY

• 1D: -3.89%
• 1M: 7.45%
• YTD: -8.48%
• 6M: -7.00%
• 1Y: 11.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PLTU vs. PLTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PLTU Direxion Daily PLTR Bull 2X Shares	-38.73%	223.17%	6.41%
PLTY YieldMax PLTR Option Income Strategy ETF	-8.48%	78.06%	4.47%

Correlation

The correlation between PLTU and PLTY is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (All Time) Calculated using the full available price history since Dec 12, 2024	0.99

The correlation between PLTU and PLTY has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

Return for Risk

PLTU vs. PLTY — Risk / Return Rank

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

PLTU

PLTU Risk / Return Rank: 10
PLTU Sharpe Ratio Rank: 8
PLTU Sortino Ratio Rank: 14
PLTU Omega Ratio Rank: 14
PLTU Calmar Ratio Rank: 8
PLTU Martin Ratio Rank: 7

PLTY

PLTY Risk / Return Rank: 13
PLTY Sharpe Ratio Rank: 13
PLTY Sortino Ratio Rank: 14
PLTY Omega Ratio Rank: 15
PLTY Calmar Ratio Rank: 13
PLTY Martin Ratio Rank: 12

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. PLTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily PLTR Bull 2X Shares (PLTU) and YieldMax PLTR Option Income Strategy ETF (PLTY). 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	PLTY	Difference
Sharpe ratio Return per unit of total volatility	-0.08	0.27	-0.35
Sortino ratio Return per unit of downside risk	0.60	0.64	-0.04
Omega ratio Gain probability vs. loss probability	1.08	1.09	-0.01
Calmar ratio Return relative to maximum drawdown	-0.12	0.36	-0.47
Martin ratio Return relative to average drawdown	-0.20	0.70	-0.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PLTU vs. PLTY - Sharpe Ratio Comparison

The current PLTU Sharpe Ratio is -0.08, which is lower than the PLTY Sharpe Ratio of 0.27. The chart below compares the historical Sharpe Ratios of PLTU and PLTY, 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	PLTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.08	0.27	-0.35
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	1.38	-0.85

Drawdowns

PLTU vs. PLTY - Drawdown Comparison

The maximum PLTU drawdown since its inception was -69.14%, which is greater than PLTY's maximum drawdown of -36.61%. Use the drawdown chart below to compare losses from any high point for PLTU and PLTY.

Drawdown Indicators

	PLTU	PLTY	Difference
Max Drawdown Largest peak-to-trough decline	-69.14%	-36.61%	-32.53%
Max Drawdown (1Y) Largest decline over 1 year	-68.10%	-34.41%	-33.69%
Current Drawdown Current decline from peak	-57.40%	-20.62%	-36.78%
Average Drawdown Average peak-to-trough decline	-31.81%	-12.74%	-19.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.25%	17.65%	+21.60%

Volatility

PLTU vs. PLTY - Volatility Comparison

Direxion Daily PLTR Bull 2X Shares (PLTU) has a higher volatility of 33.93% compared to YieldMax PLTR Option Income Strategy ETF (PLTY) at 13.92%. This indicates that PLTU's price experiences larger fluctuations and is considered to be riskier than PLTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PLTU	PLTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.93%	13.92%	+20.01%
Volatility (6M) Calculated over the trailing 6-month period	76.15%	31.89%	+44.26%
Volatility (1Y) Calculated over the trailing 1-year period	102.23%	43.13%	+59.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	126.92%	52.81%	+74.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	126.92%	52.81%	+74.11%

PLTU vs. PLTY - Expense Ratio Comparison

PLTU has a 0.97% expense ratio, which is lower than PLTY's 0.99% expense ratio.

Dividends

PLTU vs. PLTY - Dividend Comparison

PLTU's dividend yield for the trailing twelve months is around 38.81%, less than PLTY's 102.78% yield.

Position	TTM	2025	2024
PLTU Direxion Daily PLTR Bull 2X Shares	38.81%	23.29%	0.12%
PLTY YieldMax PLTR Option Income Strategy ETF	102.78%	112.44%	7.85%

Frequently Asked Questions

Can I hold both PLTU and PLTY in my portfolio?

With a correlation of 0.99, PLTU and PLTY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PLTU or PLTY?

PLTU has higher volatility (33.93%) compared to PLTY (13.92%). In terms of maximum drawdown, PLTU dropped -69.14% vs PLTY's -36.61%.

Which ETF is better, PLTU or PLTY?

On 1-year performance, PLTY leads with 11.69% vs -8.24% for PLTU. On fees, PLTU is cheaper at 0.97% per year. On volatility, PLTY has been the lower-risk option at 13.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PLTU or PLTY?

Over the 1-year period, PLTY has performed better with a 11.69% return vs -8.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PLTU or PLTY?

PLTU is cheaper with a 0.97% expense ratio, compared with 0.99% for PLTY.

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

PLTY has the higher dividend yield at 102.78%, compared with 38.81% for PLTU.

What is the main difference between PLTU and PLTY?

PLTU is categorized as Leveraged Equities, while PLTY is Derivative Income. They also come from different issuers: Direxion and YieldMax. Their fees differ too: 0.97% for PLTU and 0.99% for PLTY.

Which has better risk-adjusted returns?

PLTY currently has the higher Sharpe Ratio (0.27 vs -0.08), 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.