PLU vs. PLUL

Last updated Jul 18, 2026

PLU (Defiance Daily Target 2X Long PL ETF) and PLUL (Leverage Shares 2X Long PLUG Daily ETF) are both Leveraged Equities funds - PLU tracks the Planet Labs PBC (PL) while PLUL tracks the Plug Power Inc. (PLUG). Both are passively managed. At a 0.40 correlation, their price movements are largely independent. PLU charges 1.31%/yr vs 0.75%/yr for PLUL.

Performance

PLU vs. PLUL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long PL ETF (PLU) and Leverage Shares 2X Long PLUG Daily ETF (PLUL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PLU

• 1D: 4.37%
• 1M: -41.98%
• 6M: -70.05%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PLUL

• 1D: 1.09%
• 1M: -36.28%
• 6M: -48.13%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PLU vs. PLUL - Yearly Performance Comparison

	2026 (YTD)
PLU Defiance Daily Target 2X Long PL ETF	-62.47%
PLUL Leverage Shares 2X Long PLUG Daily ETF	-43.82%

Correlation

The correlation between PLU and PLUL is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 13, 2026	0.40

Return for Risk

PLU vs. PLUL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long PL ETF (PLU) and Leverage Shares 2X Long PLUG Daily ETF (PLUL). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

PLU vs. PLUL - Drawdown Comparison

The maximum PLU drawdown since its inception was -86.32%, which is greater than PLUL's maximum drawdown of -75.44%. Use the drawdown chart below to compare losses from any high point for PLU and PLUL.

Drawdown Indicators

	PLU	PLUL	Difference
Max Drawdown Largest peak-to-trough decline	-86.32%	-75.44%	-10.88%
Current Drawdown Current decline from peak	-85.72%	-75.18%	-10.54%
Average Drawdown Average peak-to-trough decline	-30.88%	-32.41%	+1.53%

Volatility

Volatility by Period

	PLU	PLUL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	208.03%	178.01%	+30.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	208.03%	178.01%	+30.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	208.03%	178.01%	+30.02%

PLU vs. PLUL - Expense Ratio Comparison

PLU has a 1.31% expense ratio, which is higher than PLUL's 0.75% expense ratio.

Dividends

PLU vs. PLUL - Dividend Comparison

Neither PLU nor PLUL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PLU and PLUL in my portfolio?

PLU and PLUL have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PLU or PLUL?

On fees, PLUL is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PLU or PLUL?

PLUL is cheaper with a 0.75% expense ratio, compared with 1.31% for PLU.

Which ETF pays a higher dividend yield, PLU or PLUL?

PLU and PLUL have nearly identical dividend yields, around 0.00%.

What is the main difference between PLU and PLUL?

PLU tracks Planet Labs PBC (PL), while PLUL tracks Plug Power Inc. (PLUG). They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.31% for PLU and 0.75% for PLUL.