Skip to content
etf.net

ADBU vs PANG

Direxion Daily ADBE Bull 2X ETF

ADBUCNYSE Arca

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Overlap

Expense ratio

PANG −0.21pt a year

ADBU0.97%PANG0.76%

Avg volume · 30D

ADBU 1.1×the volume

ADBU47.5KPANG44.6K

ADBU vs PANG Performance

Jul 31, 2026 – Oct 30, 2026

−6.8%ADBU+7.0%PANG

Jul 31, 2026 to Oct 30, 2026. ADBU −6.8%. PANG +7.0%. Use the arrow keys to read each point.−20%20%40%Jul 2026Sep 2026Oct 2026
Expense ratio
ADBU 0.97%
PANG 0.76%, better
Fund size
ADBU $3M
PANG $9M
1Y total return
ADBU No data
PANG +91.6%
Holdings
ADBU 7
PANG 4
Avg volume (30D)
ADBU 47.5K sh, better
PANG 44.6K sh
NAV per share
ADBU $21.89
PANG $31.31
52W range

ETF.net Grade

ADBU: Cost 54, Risk 79, Mission 93, Tradability 42, Holdings not scored, Durability 52. PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59.
Pillar letters and Scores for ADBU, PANG, with each pillar’s weight
PillarADBUPANG
Cost30% weightC54A70Higher
Mission25% weightA93A94Higher
Risk15% weightA79HigherA74
Tradability15% weightC42A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC52B59Higher

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. ADBU 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 ADBU 123rd 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 123CACMMCorgi ACMR 2x Daily ETFScore 40
  7. Rank 123CADBUDirexion Daily ADBE Bull 2X ETFScore 40
  8. Rank 123CADIULeverage Shares 2X Long ADI Daily ETFScore 40

Our read on each fund

ETF.net Research

ADBUCDirexion Daily ADBE Bull 2X ETF

PANGALeverage Shares 2x Long PANW Daily ETF

In short

ADBU Adobe, doubled, for one day. ADBU holds swaps aiming for 200% of ADBE's daily move, then resets at the close. A catalyst-trade tool from the shop that built the single-stock leverage aisle, not a long-haul Adobe stake.

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

ADBU The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of Adobe 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

  • ADBU The mandate is narrow and spelled out: at least 80% of net assets in ADBE shares plus swaps and options that together target 2X daily exposure, rebalanced at every close.sec.gov
  • Day to day it has stayed close to its stated 2X target, which is the entire job of a one-day instrument.
  • Fee is 0.97% net of a waiver through September 1, 2027 (0.99% gross), near the typical charge among 2X single-stock funds.
  • The leverage lives inside the fund: exposure comes from swap agreements with major financial institutions, not from borrowing in your own account.sec.gov
  • 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

  • ADBU Hold past a day and compounding takes the wheel: each close resets exposure, so a choppy stretch can leave you short of 2X ADBE even when the stock ends higher.direxion.com
  • One stock, one sector. The fund is concentrated in information technology and software, so an Adobe-specific headline hits with no diversification to soften it.sec.govdirexion.com
  • It is a small fund that trades lightly, and some rival 2X single-stock funds charge less (TSMG 0.76%, UNHG 0.77%), so the spread is part of your real cost.
  • 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 ADBU profile⁠

Full PANG profile⁠

ADBU vs 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.

ADBU vs PANG Cost

Overpaying ADBU vs PANG

$3,542

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

  • ADBU 0.97%

    $18,198

  • PANG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • ADBU 0.97%
  • 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$20K051015202530ADBU $18,198PANG $14,656

Year by year

YearADBUPANGOverpaying
10$1,712$1,353$359
20$6,443$5,142$1,301
30$18,198$14,656$3,542

Expense ratio

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

PANG 131st cheapest of 315 funds

ADBU 156th cheapest of 315 funds

ADBU vs PANG Dividends

Last 12 months to Oct 30, 2026
Last payment
ADBU $0.18
PANG $1.30
Ex-dividend
ADBU Sep 22, 2026
PANG Dec 30, 2025
Paid on
ADBU Sep 29, 2026
PANG Jan 2, 2026
Frequency
ADBU Quarterly
PANG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

ADBUQuarterly · 2 paymentsAll ADBU payments⁠
One bar per payment. 2 payments from 2025 to 2026 YTD. Jun 23, 2026 $0.06; Sep 22, 2026 $0.18. Use the arrow keys to read each point.$0$12026YTD
PANGIrregular · 1 paymentAll PANG payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $1.30. Use the arrow keys to read each point.$0$12026YTD

ADBU vs PANG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ADBU No dataPANG 128.2%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
ADBU No dataPANG 0.90since Apr 2025
Worst fallMax drawdown, 5 years
ADBU No dataPANG −62.4%since Mar 2025
Market sensitivityBeta, 5 years
ADBU 0.42PANG 3.32

Popular comparisons

  • ADBUCvsTSMGA

    Direxion Daily ADBE Bull 2X ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    0.97% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PANGAvsTSMGA

    Leverage Shares 2x Long PANW Daily ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    0.76% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • ADBUCvsUNHGA

    Direxion Daily ADBE Bull 2X ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    0.97% · 0.77%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PANGAvsUNHGA

    Leverage Shares 2x Long PANW Daily ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    0.76% · 0.77%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • ADBUCvsOKTGA

    Direxion Daily ADBE Bull 2X ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    0.97% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PANGAvsOKTGA

    Leverage Shares 2x Long PANW Daily ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    0.76% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.