ETF Evaluator:
Direxion Daily PLTR Bear 1X Shares ()
Follow This ETF
(as of Aug 26)
Best Performing in Trading--Inverse Equity Over the Last Year
| 204.3% | T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) |
| 169.7% | Defiance Daily Target 2X Short MSTR ETF (SMST) |
| 53.1% | Direxion Daily NFLX Bear 1X Shares (NFXS) |
| 39.2% | -1x Short VIX Futures ETF (SVIX) |
| 39.1% | GraniteShares 2x Short COIN Daily ETF (CONI) |
Risk
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Risk
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ETF Details
Direxion Daily PLTR Bear 1X Shares Overview
Direxion Daily PLTR Bear 1X Shares (PLTD) is an actively managed Miscellaneous Trading--Inverse Equity exchange-traded fund (ETF). Direxion Funds launched the ETF in 2024.
The investment seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the daily performance of PLTR.
The fund, under normal circumstances, invests at least 80% of the fund’s net assets (plus borrowings for investment purposes) in financial instruments, including swap agreements and options, that, in combination, provide 1X daily inverse (opposite) or short exposure to PLTR, consistent with the fund’s investment objective. The fund is non-diversified.
About Direxion Daily PLTR Bear 1X Shares (PLTD)
There are 2 members of the management team with an average tenure of 1.64 years: Tony Ng (2024) and Paul Brigandi (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100%, Palantir Technologies and Inc. USD index with a weighting of -100%. Direxion Daily PLTR Bear 1X Shares has 13 securities in its portfolio. The top 10 holdings constitute 118.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Direxion Daily PLTR Bear 1X Shares is part of the Other global asset class and is within the Miscellaneous ETF group. Direxion Daily PLTR Bear 1X Shares has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 17.5% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Direxion Daily PLTR Bear 1X Shares has 82.5% of the portfolio in cash.
Assets Under Management
The fund has $34 million in total assets, which is below the $75 million average for the Trading--Inverse Equity category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
PLTD Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Direxion Daily PLTR Bear 1X Shares expense ratio is high compared to funds in the Trading--Inverse Equity category. Direxion Daily PLTR Bear 1X Shares has an expense ratio of 0.98%, which is 15% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Direxion Daily PLTR Bear 1X Shares has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 1085% for the Trading--Inverse Equity category.
Recently, in the month of July 2026, Direxion Daily PLTR Bear 1X Shares returned -6.8%, which earned it a grade of D, as the Trading--Inverse Equity category had an average return of 7.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Direxion Daily PLTR Bear 1X Shares has a trailing yield of 2.76%, which is below the 5.32% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Direxion Daily PLTR Bear 1X Shares Grades
Year to date, the ETF has returned 27.0%, 52.8 percentage points better than the category, which translates into a grade of A. The fund has returned 6.1% over the past year (grade of A).
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PLTD Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PLTD Return (NAV) | -6.8% | 6.7% | 6.1% | na | na | na |
| PLTD Return (Price) | -6.9% | 6.5% | 6.1% | na | na | na |
| NAV +/- Price Return | 0.081% | 0.234% | -0.064% | na | na | na |
| Trading--Inverse Equity Avg | 7.3% | -12.0% | -29.4% | -28.2% | -22.9% | -29.6% |
| PLTD Grade (NAV) | D | A | A | na | na | na |
| +/- Category (NAV) | -14.1% | 18.7% | 35.5% | na | na | na |
| PLTD Tax-Cost Ratio | na | na | 1.3% | na | na | na |
PLTD Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PLTD Return (NAV) | 27.0% | -70.5% | na | na | na | na | na | na | na | na | na |
| PLTD Return (Price) | 26.7% | -70.5% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.009% | -0.000% | na | na | na | na | na | na | na | na | na |
| Trading--Inverse Equity Avg | -25.8% | -35.3% | -26.4% | -26.2% | 15.2% | -33.5% | -52.3% | -39.8% | 9.5% | -34.8% | -33.2% |
| PLTD Grade (NAV) | A | F | na | na | na | na | na | na | na | na | na |
| +/- Category | 52.8% | -35.3% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 2.8% |
| Total Assets: | $ 35 Mil |
| Share Class Assets: | $ 35 Mil |
| Turnover: | 0.0% |
| Expense Ratio: | 0.98% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 1.6 years | |||
| Average Tenure: 1.6 years | |||
| Managers (Year): Ng Tony (2024), Brigandi Paul (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 13 |
| % in Top 10 Holdings: | 118.8% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 17.5% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 82.5% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Direxion Funds |
| Phone Number: | 866-476-7523 |
| Website: | http://www.direxioninvestments.com/ |
| Inception Date: | December 10, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.98% (Rating: High) |
| Category Average Expense Ratio (%): | 1.15% |
