PLU vs. SPYT

Last updated Jun 6, 2026

PLU (Defiance Daily Target 2X Long PL ETF) and SPYT (Defiance S&P 500 Income Target ETF) are both exchange-traded funds - PLU is a Leveraged Equities fund tracking the Planet Labs PBC (PL), while SPYT is a Derivative Income fund actively managed by Defiance. PLU is passively managed, while SPYT is actively managed. At a 0.34 correlation, their price movements are largely independent. PLU charges 1.31%/yr vs 0.87%/yr for SPYT.

Performance

PLU vs. SPYT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long PL ETF (PLU) and Defiance S&P 500 Income Target ETF (SPYT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PLU

• 1D: -52.17%
• 1M: -46.80%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPYT

• 1D: -2.54%
• 1M: 0.01%
• YTD: 7.34%
• 6M: 7.09%
• 1Y: 20.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PLU vs. SPYT - Yearly Performance Comparison

	2026 (YTD)
PLU Defiance Daily Target 2X Long PL ETF	9.39%
SPYT Defiance S&P 500 Income Target ETF	6.36%

Correlation

The correlation between PLU and SPYT is 0.34, 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 8, 2026	0.34

Return for Risk

PLU vs. SPYT — Risk / Return Rank

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

SPYT

SPYT Risk / Return Rank: 60
SPYT Sharpe Ratio Rank: 57
SPYT Sortino Ratio Rank: 56
SPYT Omega Ratio Rank: 64
SPYT Calmar Ratio Rank: 55
SPYT Martin Ratio Rank: 68

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.

PLU vs. SPYT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long PL ETF (PLU) and Defiance S&P 500 Income Target ETF (SPYT). 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.

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

Sharpe Ratios by Period

	PLU	SPYT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	1.00	-0.88

Drawdowns

PLU vs. SPYT - Drawdown Comparison

The maximum PLU drawdown since its inception was -66.28%, which is greater than SPYT's maximum drawdown of -18.25%. Use the drawdown chart below to compare losses from any high point for PLU and SPYT.

Drawdown Indicators

	PLU	SPYT	Difference
Max Drawdown Largest peak-to-trough decline	-66.28%	-18.25%	-48.03%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.00%	—
Current Drawdown Current decline from peak	-66.28%	-2.81%	-63.47%
Average Drawdown Average peak-to-trough decline	-19.15%	-2.00%	-17.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.73%	—

Volatility

Volatility by Period

	PLU	SPYT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.59%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.73%	—
Volatility (1Y) Calculated over the trailing 1-year period	215.26%	11.17%	+204.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	215.26%	14.88%	+200.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	215.26%	14.88%	+200.38%

PLU vs. SPYT - Expense Ratio Comparison

PLU has a 1.31% expense ratio, which is higher than SPYT's 0.87% expense ratio.

Dividends

PLU vs. SPYT - Dividend Comparison

PLU has not paid dividends to shareholders, while SPYT's dividend yield for the trailing twelve months is around 21.18%.

Position	TTM	2025	2024
PLU Defiance Daily Target 2X Long PL ETF	0.00%	0.00%	0.00%
SPYT Defiance S&P 500 Income Target ETF	21.18%	21.40%	17.37%

Frequently Asked Questions

Can I hold both PLU and SPYT in my portfolio?

PLU and SPYT have a correlation of 0.34, 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 SPYT?

On fees, SPYT is cheaper at 0.87% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PLU or SPYT?

SPYT is cheaper with a 0.87% expense ratio, compared with 1.31% for PLU.

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

SPYT has the higher dividend yield at 21.18%, compared with 0.00% for PLU.

What is the main difference between PLU and SPYT?

PLU is categorized as Leveraged Equities, while SPYT is Derivative Income. Their fees differ too: 1.31% for PLU and 0.87% for SPYT.