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ANEL vs PANG

Defiance Daily Target 2X Long ANET ETF

ANELCNasdaq

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Overlap

Expense ratio

PANG −0.69pt a year

ANEL1.45%PANG0.76%

Avg volume · 30D

ANEL 5.4×the volume

ANEL241KPANG44.6K

ANEL vs PANG Performance

Oct 31, 2025 – Oct 30, 2026

−27.7%ANEL+91.6%PANG

Oct 31, 2025 to Oct 30, 2026. ANEL −27.7%. PANG +91.6%. Use the arrow keys to read each point.0%50%150%Oct 2025Apr 2026Oct 2026
Expense ratio
ANEL 1.45%
PANG 0.76%, better
Fund size
ANEL $10M
PANG $9M
1Y total return
ANEL −27.7%
PANG +91.6%, better
Holdings
ANEL 8
PANG 4
Avg volume (30D)
ANEL 241K sh, better
PANG 44.6K sh
NAV per share
ANEL $17.98
PANG $31.31
52W range

ETF.net Grade

ANEL: Cost 19, Risk 70, Mission 95, Tradability 65, Holdings not scored, Durability 64. PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59.
Pillar letters and Scores for ANEL, PANG, with each pillar’s weight
PillarANELPANG
Cost30% weightF19A70Higher
Mission25% weightA95HigherA94
Risk15% weightA70A74Higher
Tradability15% weightB65A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB64HigherB59

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. ANEL 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 ANEL 109th 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 102CNOWLGraniteShares 2x Long NOW Daily ETFScore 45
  7. Rank 109CANELDefiance Daily Target 2X Long ANET ETFScore 44
  8. Rank 109CORCXDaily Target 2X Long ORCL ETFScore 44

Our read on each fund

ETF.net Research

ANELCDefiance Daily Target 2X Long ANET ETF

PANGALeverage Shares 2x Long PANW Daily ETF

In short

ANEL Geared Arista Networks in one ticker: ANEL targets 200% of ANET's daily move via swaps, no margin account needed. A one-day trading tool carrying a 1.45% fee with no waiver, above what rival 2x funds charge.

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

ANEL The fund seeks two times the daily return of Arista Networks, Inc. before fees and expenses, using a single-day leveraged strategy rather than targeting results over longer periods.

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

  • ANEL Two times ANET's daily move before fees and expenses, through swap agreements. Geared exposure inside a cash brokerage account, no margin account or options approval required.defianceetfs.com
  • It has stayed close to its stated 2x daily target, the core job of a geared fund, and ranks in the upper half of a crowded single-stock leveraged field.
  • A single-ticker way to trade Arista, the cloud and AI data-center networking supplier, with the swing doubled in whichever direction the stock moves that day.defianceetfs.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

  • ANEL The 1.45% fee, with no waiver in place, sits above the category median and above 2x peers such as TSMG (0.76%) and OKTG (0.75%), neither of which waives fees.
  • The 2x target resets daily. Hold longer and compounding can push results well away from twice ANET's move over that stretch, especially in choppy markets.defianceetfs.com
  • One company carries the whole fund, so a single earnings report or guidance cut moves it twice as hard. It is also small and young, launched in 2025.
  • 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 ANEL profile⁠

Full PANG profile⁠

ANEL 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.

ANEL vs PANG Cost

Overpaying ANEL vs PANG

$10,914

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

  • ANEL 1.45%

    $25,570

  • PANG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • ANEL 1.45%
  • 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$30K051015202530ANEL $25,570PANG $14,656

Year by year

YearANELPANGOverpaying
10$2,509$1,353$1,156
20$9,241$5,142$4,099
30$25,570$14,656$10,914

Expense ratio

  • 1.45%ANEL
  • 0.76%PANG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

PANG 131st cheapest of 315 funds

ANEL 260th cheapest of 315 funds

ANEL vs PANG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

ANELAll ANEL 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

ANEL vs PANG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ANEL 112.4%since Oct 2025PANG 128.2%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
ANEL 0.23since Oct 2025PANG 0.90since Apr 2025
Worst fallMax drawdown, 5 years
ANEL −56.5%since Sep 2025PANG −62.4%since Mar 2025
Market sensitivityBeta, 5 years
ANEL 6.04PANG 3.32

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