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AAPU vs PANG

Direxion Daily AAPL Bull 2X Shares

AAPUBNasdaq

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Overlap

0.0%by weight

Expense ratio

PANG −0.20pt a year

AAPU0.96%PANG0.76%

Avg volume · 30D

AAPU 33.8×the volume

AAPU1.51MPANG44.6K

AAPU vs PANG Performance

Oct 31, 2025 – Oct 30, 2026

+41.1%AAPU+91.6%PANG

Oct 31, 2025 to Oct 30, 2026. AAPU +41.1%. PANG +91.6%. Use the arrow keys to read each point.−50%0%150%Oct 2025Apr 2026Oct 2026
Expense ratio
AAPU 0.96%
PANG 0.76%, better
Fund size
AAPU $139M
PANG $9M
1Y total return
AAPU +41.1%
PANG +91.6%, better
Yield (12M)
AAPU 6.27%
PANG No data
Holdings
AAPU 11
PANG 4
Avg volume (30D)
AAPU 1.51M sh, better
PANG 44.6K sh
NAV per share
AAPU $48.10
PANG $31.31
52W range

ETF.net Grade

AAPU: Cost 56, Risk 80, Mission 90, Tradability 76, Holdings not scored, Durability 85. PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59.
Pillar letters and Scores for AAPU, PANG, with each pillar’s weight
PillarAAPUPANG
Cost30% weightB56A70Higher
Mission25% weightA90A94Higher
Risk15% weightA80HigherA74
Tradability15% weightA76HigherA74
Holdings10% weightNot scoredNot scored
Durability5% weightA85HigherB59

Rank among Single-Stock Long Leveraged funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. AAPU and PANG are both graded against the same 315 Single-Stock Long Leveraged funds, so their Grades compare head to head.

Single-Stock Long Leveraged⁠

Category · 315 funds
See all 315 ›

PANG ranks 3rd and AAPU 8th of 315 funds in the Single-Stock Long Leveraged Category.

  1. Rank 1ATSMGLeverage Shares 2x Long TSM Daily ETFScore 73
  2. Rank 2AUNHGLeverage Shares 2x Long UNH Daily ETFScore 72
  3. Rank 3AOKTGLeverage Shares 2x Long OKTA Daily ETFScore 70
  4. Rank 3APANGLeverage Shares 2x Long PANW Daily ETFScore 70
  5. Rank 5BAMDGLeverage Shares 2x Long AMD Daily ETFScore 69
  6. Rank 5BCOTGLeverage Shares 2X Long COST Daily ETFScore 69
  7. Rank 8BAAPUDirexion Daily AAPL Bull 2X SharesScore 68
  8. Rank 8BGLWGLeverage Shares 2X Long GLW Daily ETFScore 68

Our read on each fund

ETF.net Research

AAPUBDirexion Daily AAPL Bull 2X Shares

PANGALeverage Shares 2x Long PANW Daily ETF

In short

AAPU Two-times daily Apple, in a ticker. AAPU aims for 200% of AAPL's daily move without a margin account or an options screen, and it has been doing the job since 2022 at a fee below its leveraged single-stock peers' typical rate.

PANG Palo Alto Networks, doubled. PANG aims for 200% of PANW's daily move, reset every day, and it reached the market days before the only other 2x PANW fund. Flat 0.76% fee, no waiver attached.

Stated mandate

AAPU The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of Apple Inc.'s common shares.

PANG The ETF seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of Palo Alto Networks, Inc. stock.

Why people hold it

  • AAPU Simple mechanism: the fund seeks 200% of Apple's daily share performance before fees, so one trade replaces a margined AAPL position or a call spread.direxion.com
  • At 0.96% a year it undercuts the typical fee in its leveraged single-stock cohort, and comes in cheaper than AAPX, the other fund built on the same Apple exposure (1.05%).
  • One of the more actively traded names in a category full of thin tickers, which matters when you are trading a daily-reset product rather than holding it.
  • Tracks its 2x daily target closely and ranks in the top tier of its 200-plus fund peer group on implementation quality.
  • PANG Cheaper of the two 2x PANW funds: 0.76% flat versus 1.08% for PALU, and PALU's number is net of a waiver through September 1, 2027 (1.48% gross).direxion.com
  • That 0.76% also sits below the typical fee in the single-stock leveraged category, where costs usually run higher.
  • Hits its 200% daily target closely, one of the tighter implementations among hundreds of single-stock leveraged funds.
  • Leverage arrives inside a standard 1940 Act ETF: no margin agreement, no borrowing, no overnight position to roll yourself.leverageshares.com

Worth knowing

  • AAPU The 2x target resets every day. Hold longer than a day and compounding takes over, so results over a week or a year can look very different from twice Apple's move over that stretch.
  • One company, doubled. There is no diversification here: an iPhone cycle, a court ruling, or a single earnings night drives the whole position.
  • Leverage costs money. The financing built into the exposure plus a 0.96% fee is a headwind the underlying stock does not carry.
  • PANG Daily reset, not a 2x hold. Over weeks the returns compound, and a choppy stretch in PANW can leave the result far from double the move.leverageshares.com
  • One stock, twice the swing. An earnings miss or a cyber headline lands here with double the force, up or down.leverageshares.com
  • Smaller and more lightly traded than the giants of the category, so spreads can widen; limit orders earn their keep.

Full AAPU profile⁠

Full PANG profile⁠

AAPU vs PANG Holdings

How AAPU and PANG differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of AAPU and 0.0% of PANG.

Level by level

  • Holdings0 in both0.0%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

No Sector split for PANG.

Country, concentration and asset class

Country by domicile

Country weights in AAPU and PANG, widest gap first
CountryMore in AAPUMore in PANG
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • AAPU99.3%
  • PANG208.4%

Securities held

  • AAPU3
  • PANG1

Asset class

AAPU
Equity
PANG
Equity

Holdings

  • Only in AAPU3
  • In both0
  • Only in PANG1

Only in AAPU

3 securities, 17.3% of AAPU by weight

  • Apple Inc9.28%
  • Goldman Sachs Fin Gov 465 Institut5.14%
  • Goldman Finl Sq Trsry Inst 5062.83%

Only in PANG

1 security, 8.4% of PANG by weight

  • First American Treasury Obligations Fund 01/01/20408.43%

Weight gaps

AAPU and PANG share no securities.

All 11 AAPU holdings⁠All 4 PANG holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AAPU vs PANG Cost

Overpaying AAPU vs PANG

$3,378

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • AAPU 0.96%

    $18,034

  • PANG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • AAPU 0.96%
  • PANG 0.76%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530AAPU $18,034PANG $14,656

Year by year

YearAAPUPANGOverpaying
10$1,695$1,353$342
20$6,383$5,142$1,241
30$18,034$14,656$3,378

Expense ratio

  • 0.96%AAPU
  • 0.76%PANG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

PANG 131st cheapest of 315 funds

AAPU 154th cheapest of 315 funds

AAPU vs PANG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
AAPU 6.27%
PANG No data
Payout (12M)
AAPU $2.94
PANG No data
Last payment
AAPU $0.19
PANG $1.30
Ex-dividend
AAPU Sep 22, 2026
PANG Dec 30, 2025
Paid on
AAPU Sep 29, 2026
PANG Jan 2, 2026
Frequency
AAPU Quarterly
PANG Irregular

Distribution history

Per share, 2022 to 2026, same scale for both

AAPUQuarterly · 19 paymentsAll AAPU payments⁠
One bar per payment. 19 payments from 2022 to 2026 YTD. Sep 20, 2022 $0.01; Dec 20, 2022 $0.12; Mar 21, 2023 $0.08; Jun 21, 2023 $0.14; Sep 19, 2023 $0.15; Dec 21, 2023 $0.27; Mar 19, 2024 $0.08; Jun 25, 2024 $0.20; Sep 24, 2024 $0.28; Dec 12, 2024 $4.63; Dec 23, 2024 $0.30; Mar 25, 2025 $0.24; Jun 24, 2025 $0.08; Sep 23, 2025 $0.22; Dec 10, 2025 $2.17; Dec 23, 2025 $0.19; Mar 24, 2026 $0.17; Jun 23, 2026 $0.22; Sep 22, 2026 $0.19. Use the arrow keys to read each point.$0$520232026YTD
PANGIrregular · 1 paymentAll PANG payments⁠
One bar per payment. 1 payment from 2022 to 2026 YTD. Dec 30, 2025 $1.30. Use the arrow keys to read each point.$0$520232026YTD

AAPU vs PANG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AAPU 41.9%PANG 128.2%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
AAPU 0.85PANG 0.90since Apr 2025
Worst fallMax drawdown, 5 years
AAPU −58.6%since Aug 2022PANG −62.4%since Mar 2025
Market sensitivityBeta, 5 years
AAPU 1.81PANG 3.32

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