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AMDL vs PANG

GraniteShares 2x Long AMD Daily ETF

AMDLCNasdaq

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Overlap

Expense ratio

PANG −1.11pt a year

AMDL1.87%PANG0.76%

Avg volume · 30D

AMDL 60.0×the volume

AMDL2.68MPANG44.6K

AMDL vs PANG Performance

Oct 31, 2025 – Oct 30, 2026

+114.9%AMDL+91.6%PANG

Oct 31, 2025 to Oct 30, 2026. AMDL +114.9%. PANG +91.6%. Use the arrow keys to read each point.−50%0%200%250%Oct 2025Apr 2026Oct 2026
Expense ratio
AMDL 1.87%
PANG 0.76%, better
Fund size
AMDL $1.03B
PANG $9M
1Y total return
AMDL +114.9%, better
PANG +91.6%
Holdings
AMDL 2
PANG 4
Avg volume (30D)
AMDL 2.68M sh, better
PANG 44.6K sh
NAV per share
AMDL $65.19
PANG $31.31
52W range

ETF.net Grade

AMDL: Cost 1, Risk 49, Mission 97, Tradability 97, Holdings not scored, Durability 84. PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59.
Pillar letters and Scores for AMDL, PANG, with each pillar’s weight
PillarAMDLPANG
Cost30% weightF1A70Higher
Mission25% weightA97HigherA94
Risk15% weightC49A74Higher
Tradability15% weightA97HigherA74
Holdings10% weightNot scoredNot scored
Durability5% weightA84HigherB59

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. AMDL 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 AMDL 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 123CAMDCCorgi AMD 2x Daily ETFScore 40
  7. Rank 123CAMDLGraniteShares 2x Long AMD Daily ETFScore 40
  8. Rank 123CAMKXCorgi AMKR 2x Daily ETFScore 40

Our read on each fund

ETF.net Research

AMDLCGraniteShares 2x Long AMD Daily ETF

PANGALeverage Shares 2x Long PANW Daily ETF

In short

AMDL A pure bet on one chip stock, doubled. AMDL aims to deliver twice AMD's daily move, resets the clock every day, and is one of the busiest names in the leveraged single-stock aisle.

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

AMDL The fund seeks daily investment results equal to twice the daily percentage change of Advanced Micro Devices, Inc.'s common stock, before fees and expenses.

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

  • AMDL Does exactly what the label says: twice AMD's daily percentage change before fees and expenses, and it has tracked that mandate closely since launching in 2024.graniteshares.com
  • Very actively traded, which makes it one of the easier 2x AMD wrappers to step into and back out of inside a single session.
  • Stands among the strongest implementations in a crowded field of leveraged single-stock bull funds.
  • 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

  • AMDL The fee is 1.07% a year, above rivals running the same 2x AMD mandate: AMDG charges 0.75%, AMDW 0.99%.
  • The 2x target applies to one day only. Hold longer and daily compounding takes over, so results can diverge from twice AMD's move, especially in choppy stretches.graniteshares.com
  • Everything rides on one semiconductor stock, magnified. A rough day for AMD lands twice as hard here.
  • 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 AMDL profile⁠

Full PANG profile⁠

AMDL 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.

AMDL vs PANG Cost

Overpaying AMDL vs PANG

$16,613

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

  • AMDL 1.87%

    $31,269

  • PANG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • AMDL 1.87%
  • PANG 0.76%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K$40K051015202530AMDL $31,269PANG $14,656

Year by year

YearAMDLPANGOverpaying
10$3,180$1,353$1,827
20$11,499$5,142$6,357
30$31,269$14,656$16,613

Expense ratio

  • 1.87%AMDL
  • 0.76%PANG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

PANG 131st cheapest of 315 funds

AMDL 311th cheapest of 315 funds

AMDL vs PANG Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
AMDL None
PANG No data
Last payment
AMDL No data
PANG $1.30
Ex-dividend
AMDL No data
PANG Dec 30, 2025
Paid on
AMDL No data
PANG Jan 2, 2026
Frequency
AMDL No data
PANG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

AMDLAll AMDL payments⁠

No distribution history available.

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

AMDL vs PANG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AMDL 178.2%since Apr 2024PANG 128.2%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
AMDL 0.72since Apr 2024PANG 0.90since Apr 2025
Worst fallMax drawdown, 5 years
AMDL −88.6%since Mar 2024PANG −62.4%since Mar 2025
Market sensitivityBeta, 5 years
AMDL 8.34PANG 3.32

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