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AMDG vs PANG

Leverage Shares 2x Long AMD Daily ETF

AMDGBNasdaq

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Overlap

Expense ratio

PANG −0.02pt a year

AMDG0.78%PANG0.76%

Avg volume · 30D

AMDG 1.1×the volume

AMDG48.7KPANG44.6K

AMDG vs PANG Performance

Oct 31, 2025 – Oct 30, 2026

+112.2%AMDG+91.6%PANG

Oct 31, 2025 to Oct 30, 2026. AMDG +112.2%. PANG +91.6%. Use the arrow keys to read each point.−50%0%150%200%250%Oct 2025Apr 2026Oct 2026
Expense ratio
AMDG 0.78%
PANG 0.76%, better
Fund size
AMDG $21M
PANG $9M
1Y total return
AMDG +112.2%, better
PANG +91.6%
Holdings
AMDG 5
PANG 4
Avg volume (30D)
AMDG 48.7K sh, better
PANG 44.6K sh
NAV per share
AMDG $86.07
PANG $31.31
52W range

ETF.net Grade

AMDG: Cost 60, Risk 73, Mission 91, Tradability 85, Holdings not scored, Durability 65. PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59.
Pillar letters and Scores for AMDG, PANG, with each pillar’s weight
PillarAMDGPANG
Cost30% weightB60A70Higher
Mission25% weightA91A94Higher
Risk15% weightA73A74Higher
Tradability15% weightA85HigherA74
Holdings10% weightNot scoredNot scored
Durability5% weightB65HigherB59

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. AMDG 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 AMDG 5th 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 5BASMGLeverage Shares 2x Long ASML Daily ETFScore 69

Our read on each fund

ETF.net Research

AMDGBLeverage Shares 2x Long AMD Daily ETF

PANGALeverage Shares 2x Long PANW Daily ETF

In short

AMDG The low-cost way to rent 2x AMD. Total return swaps with several banks, rebalanced at every close, targeting double AMD's daily move, at a flat 0.78% with no waiver.

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

AMDG The Fund seeks daily investment results, before fees and expenses, corresponding to 200% of the daily performance of Advanced Micro Devices, Inc. stock (AMD).

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

  • AMDG Costs 0.78% flat, no waiver, and sits below the typical fee in its category. The other 2x daily AMD fund, AMDL, charges 1.07%.
  • Tracks its stated 200%-of-AMD's-daily-move target closely, one of the stronger implementations in a single-stock leveraged bull group numbering in the hundreds.
  • Clean plumbing: a swap book spread across multiple counterparties, rebalanced at each close so exposure resets to the 2x target.leverageshares.com
  • 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

  • AMDG The daily reset compounds. Hold past a day and results can diverge from 2x AMD, with choppy markets doing the most damage.leverageshares.comleverageshares.com 2
  • One stock, doubled. A rough day for AMD lands roughly twice as hard here, and the fund is non-diversified by design.leverageshares.com
  • Smaller and more thinly traded than the longest-running 2x AMD fund, so spreads and limit orders carry more weight.
  • 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 AMDG profile⁠

Full PANG profile⁠

AMDG 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.

AMDG vs PANG Cost

Overpaying AMDG vs PANG

$346

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

  • AMDG 0.78%

    $15,002

  • PANG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • AMDG 0.78%
  • 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$20K051015202530AMDG $15,002PANG $14,656

Year by year

YearAMDGPANGOverpaying
10$1,388$1,353$35
20$5,268$5,142$126
30$15,002$14,656$346

Expense ratio

  • 0.78%AMDG
  • 0.76%PANG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

PANG 131st cheapest of 315 funds

AMDG 142nd cheapest of 315 funds

AMDG vs PANG Dividends

Last 12 months to Oct 30, 2026
Last payment
AMDG $2.97
PANG $1.30
Ex-dividend
AMDG Dec 30, 2025
PANG Dec 30, 2025
Paid on
AMDG Jan 2, 2026
PANG Jan 2, 2026
Frequency
AMDG Irregular
PANG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

AMDGIrregular · 1 paymentAll AMDG payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $2.97. Use the arrow keys to read each point.$0$2.502026YTD
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$2.502026YTD

AMDG vs PANG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AMDG 206.3%since Feb 2025PANG 128.2%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
AMDG 1.20since Feb 2025PANG 0.90since Apr 2025
Worst fallMax drawdown, 5 years
AMDG −63.0%since Jan 2025PANG −62.4%since Mar 2025
Market sensitivityBeta, 5 years
AMDG 5.60PANG 3.32

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