Skip to content
etf.net

AMZZ vs PANG

GraniteShares 2x Long AMZN Daily ETF

AMZZBNasdaq

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Overlap

0.0%by weight

Expense ratio

PANG −0.39pt a year

AMZZ1.15%PANG0.76%

Avg volume · 30D

AMZZ 3.2×the volume

AMZZ141KPANG44.6K

AMZZ vs PANG Performance

Oct 31, 2025 – Nov 2, 2026

−15.6%AMZZ+76.3%PANG

Oct 31, 2025 to Nov 2, 2026. AMZZ −15.6%. PANG +76.3%. Use the arrow keys to read each point.−50%50%150%Oct 2025May 2026Nov 2026
Expense ratio
AMZZ 1.15%
PANG 0.76%, better
Fund size
AMZZ $43M
PANG $9M
1Y total return
AMZZ −15.6%
PANG +76.3%, better
Holdings
AMZZ 2
PANG 4
Avg volume (30D)
AMZZ 141K sh, better
PANG 44.6K sh
NAV per share
AMZZ $29.12
PANG $31.31
52W range

ETF.net Grade

AMZZ: Cost 38, Risk 60, Mission 85, Tradability 83, Holdings not scored, Durability 79. PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59.
Pillar letters and Scores for AMZZ, PANG, with each pillar’s weight
PillarAMZZPANG
Cost30% weightD38A70Higher
Mission25% weightA85A94Higher
Risk15% weightB60A74Higher
Tradability15% weightA83HigherA74
Holdings10% weightNot scoredNot scored
Durability5% weightA79HigherB59

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. AMZZ 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 AMZZ 62nd 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 62BAMUUDirexion Daily AMD Bull 2X ETFScore 56
  7. Rank 62BAMZZGraniteShares 2x Long AMZN Daily ETFScore 56
  8. Rank 62BCRCAProShares Ultra CRCLScore 56

Our read on each fund

ETF.net Research

AMZZBGraniteShares 2x Long AMZN Daily ETF

PANGALeverage Shares 2x Long PANW Daily ETF

In short

AMZZ Twice Amazon's daily move in one ticker, rebuilt every night. Built for traders working a single mega-cap, not a set-and-forget holding, and one of the closer trackers in a very crowded leveraged field.

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

AMZZ The Fund seeks daily investment results, before fees and expenses, equal to two times the daily percentage change in Amazon's common stock.

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

  • AMZZ Hits its mandate: the fund has stayed close to its 2x-daily target, among the stronger implementations in a peer group of hundreds of single-stock leveraged funds.
  • Amazon exposure doubled without a margin account or an options chain: the leverage is packaged inside the fund, via swaps plus direct AMZN shares.graniteshares.comyahoo.com
  • Trading since March 2024, with a moderately active market in the shares and trading costs that stack up well against its leveraged peers.
  • 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

  • AMZZ Costs 1.15% (1.21% gross, net of a waiver through December 31, 2026), above the category median; cheaper peers exist, like OKTG at 0.75%, on other stocks.
  • Daily reset means multi-day results come from compounding, and can diverge from 2x Amazon over the same stretch, especially after choppy trading.sec.gov
  • One stock, geared: a rough day for AMZN lands roughly twice as hard. The fund is non-diversified by design.sec.govyahoo.com
  • 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 AMZZ profile⁠

Full PANG profile⁠

AMZZ vs PANG Holdings

How AMZZ and PANG differ

Overlap by weight

0.0%

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

Level by level

  • Asset classLeveraged/Inverse, Equity0.0%
  • Holdings0 in both0.0%
  • Countryby domicile100%

Sector

No Sector split for PANG.

Country, concentration and asset class

Country by domicile

Country weights in AMZZ and PANG, widest gap first
CountryMore in AMZZMore in PANG
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • AMZZ100.0%
  • PANG210.1%

Securities held

  • AMZZ1
  • PANG1

Asset class

AMZZ
Leveraged/Inverse
PANG
Equity

Holdings

  • Only in AMZZ1
  • In both0
  • Only in PANG1

Only in AMZZ

1 security, 66.6% of AMZZ by weight

  • Amzn66.62%

Only in PANG

1 security, 10.0% of PANG by weight

  • First American Treasury Obligations Fund 01/01/204010.04%

Weight gaps

AMZZ and PANG share no securities.

All 2 AMZZ 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.

AMZZ vs PANG Cost

Overpaying AMZZ vs PANG

$6,421

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

  • AMZZ 1.15%

    $21,077

  • PANG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • AMZZ 1.15%
  • 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$20K$25K051015202530AMZZ $21,077PANG $14,656

Year by year

YearAMZZPANGOverpaying
10$2,015$1,353$662
20$7,521$5,142$2,379
30$21,077$14,656$6,421

Expense ratio

  • 1.15%AMZZ
  • 0.76%PANG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

PANG 131st cheapest of 315 funds

AMZZ 222nd cheapest of 315 funds

AMZZ vs PANG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

AMZZAll AMZZ 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

AMZZ vs PANG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AMZZ 62.2%since Apr 2024PANG 128.2%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
AMZZ 0.26since Apr 2024PANG 0.90since Apr 2025
Worst fallMax drawdown, 5 years
AMZZ −55.3%since Mar 2024PANG −62.4%since Mar 2025
Market sensitivityBeta, 5 years
AMZZ 3.29PANG 3.32

Popular comparisons

  • AMZZBvsTSMGA

    GraniteShares 2x Long AMZN Daily ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    1.15% · 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.

  • AMZZBvsUNHGA

    GraniteShares 2x Long AMZN Daily ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    1.15% · 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.

  • AMZZBvsOKTGA

    GraniteShares 2x Long AMZN Daily ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    1.15% · 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.