PTIR vs. PLTY

Last updated Jun 23, 2026

PTIR (GraniteShares 2x Long PLTR Daily ETF) and PLTY (YieldMax PLTR Option Income Strategy ETF) are both exchange-traded funds - PTIR is a Leveraged Equities fund actively managed by GraniteShares, while PLTY is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, PTIR returned -47.83% vs -11.36% for PLTY. With a 0.98 correlation, they move nearly in lockstep. PTIR charges 1.15%/yr vs 0.99%/yr for PLTY.

Performance

PTIR vs. PLTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long PLTR Daily ETF (PTIR) 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, PTIR achieves a -62.70% return, which is significantly lower than PLTY's -25.11% return.

PTIR

• 1D: -13.98%
• 1M: -26.91%
• YTD: -62.70%
• 6M: -68.83%
• 1Y: -47.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PLTY

• 1D: -6.32%
• 1M: -9.91%
• YTD: -25.11%
• 6M: -30.90%
• 1Y: -11.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PTIR vs. PLTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PTIR GraniteShares 2x Long PLTR Daily ETF	-62.70%	221.36%	234.47%
PLTY YieldMax PLTR Option Income Strategy ETF	-25.11%	78.06%	52.50%

Correlation

The correlation between PTIR 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 Oct 8, 2024	0.99

The correlation between PTIR and PLTY has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

Return for Risk

PTIR vs. PLTY — Risk / Return Rank

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

PTIR

PTIR Risk / Return Rank: 5
PTIR Sharpe Ratio Rank: 5
PTIR Sortino Ratio Rank: 6
PTIR Omega Ratio Rank: 6
PTIR Calmar Ratio Rank: 4
PTIR Martin Ratio Rank: 3

PLTY

PLTY Risk / Return Rank: 6
PLTY Sharpe Ratio Rank: 6
PLTY Sortino Ratio Rank: 7
PLTY Omega Ratio Rank: 7
PLTY Calmar Ratio Rank: 6
PLTY Martin Ratio Rank: 6

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.

PTIR vs. PLTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long PLTR Daily ETF (PTIR) 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.

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.

	PTIR	PLTY	Difference
Sharpe ratio: Return per unit of total volatility	-0.47	-0.26	-0.20
Sortino ratio: Return per unit of downside risk	-0.15	-0.08	-0.07
Omega ratio: Gain probability vs. loss probability	0.98	0.99	-0.01
Calmar ratio: Return relative to maximum drawdown	-0.65	-0.33	-0.32
Martin ratio: Return relative to average drawdown	-1.13	-0.60	-0.53

PTIR vs. PLTY - Sharpe Ratio Comparison

The current PTIR Sharpe Ratio is -0.47, which is lower than the PLTY Sharpe Ratio of -0.26. The chart below compares the historical Sharpe Ratios of PTIR 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.

Drawdowns

PTIR vs. PLTY - Drawdown Comparison

The maximum PTIR drawdown since its inception was -74.29%, which is greater than PLTY's maximum drawdown of -36.61%. Use the drawdown chart below to compare losses from any high point for PTIR and PLTY.

Drawdown Indicators

	PTIR	PLTY	Difference
Max Drawdown Largest peak-to-trough decline	-74.29%	-36.61%	-37.68%
Max Drawdown (1Y) Largest decline over 1 year	-74.29%	-35.05%	-39.24%
Current Drawdown Current decline from peak	-74.29%	-35.05%	-39.24%
Average Drawdown Average peak-to-trough decline	-28.49%	-13.21%	-15.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	42.25%	18.86%	+23.39%

Volatility

PTIR vs. PLTY - Volatility Comparison

GraniteShares 2x Long PLTR Daily ETF (PTIR) has a higher volatility of 37.83% compared to YieldMax PLTR Option Income Strategy ETF (PLTY) at 16.29%. This indicates that PTIR'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

	PTIR	PLTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	37.83%	16.29%	+21.54%
Volatility (6M) Calculated over the trailing 6-month period	78.25%	32.94%	+45.31%
Volatility (1Y) Calculated over the trailing 1-year period	102.76%	43.37%	+59.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	128.87%	52.69%	+76.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	128.87%	52.69%	+76.18%

PTIR vs. PLTY - Expense Ratio Comparison

PTIR has a 1.15% expense ratio, which is higher than PLTY's 0.99% expense ratio.

Dividends

PTIR vs. PLTY - Dividend Comparison

PTIR's dividend yield for the trailing twelve months is around 15.58%, less than PLTY's 122.31% yield.

Position	TTM	2025	2024
PLTY YieldMax PLTR Option Income Strategy ETF	122.31%	112.44%	7.85%
PTIR GraniteShares 2x Long PLTR Daily ETF	15.58%	5.81%	0.00%

Frequently Asked Questions

Can I hold both PTIR and PLTY in my portfolio?

With a correlation of 0.99, PTIR 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, PTIR or PLTY?

PTIR has higher volatility (37.83%) compared to PLTY (16.29%). In terms of maximum drawdown, PTIR dropped -74.29% vs PLTY's -36.61%.

Which ETF is better, PTIR or PLTY?

On 1-year performance, PLTY leads with -11.36% vs -47.83% for PTIR. On fees, PLTY is cheaper at 0.99% per year. On volatility, PLTY has been the lower-risk option at 16.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PTIR or PLTY?

Over the 1-year period, PLTY has performed better with a -11.36% return vs -47.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PTIR or PLTY?

PLTY is cheaper with a 0.99% expense ratio, compared with 1.15% for PTIR.

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

PLTY has the higher dividend yield at 122.31%, compared with 15.58% for PTIR.

What is the main difference between PTIR and PLTY?

PTIR is categorized as Leveraged Equities, while PLTY is Derivative Income. They also come from different issuers: GraniteShares and YieldMax. Their fees differ too: 1.15% for PTIR and 0.99% for PLTY.

Which has better risk-adjusted returns?

PLTY currently has the higher Sharpe Ratio (-0.26 vs -0.47), 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.