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ASMG vs PANG

Leverage Shares 2x Long ASML Daily ETF

ASMGBNasdaq

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Overlap

Expense ratio

PANG −0.01pt a year

ASMG0.77%PANG0.76%

Avg volume · 30D

ASMG 1.8×the volume

ASMG80.1KPANG44.6K

ASMG vs PANG Performance

Oct 31, 2025 – Nov 2, 2026

+48.0%ASMG+76.3%PANG

Oct 31, 2025 to Nov 2, 2026. ASMG +48.0%. PANG +76.3%. Use the arrow keys to read each point.−50%0%150%Oct 2025May 2026Nov 2026
Expense ratio
ASMG 0.77%
PANG 0.76%, better
Fund size
ASMG $21M
PANG $9M
1Y total return
ASMG +48.0%
PANG +76.3%, better
Holdings
ASMG 4
PANG 4
Avg volume (30D)
ASMG 80.1K sh, better
PANG 44.6K sh
NAV per share
ASMG $36.12
PANG $31.31
52W range

ETF.net Grade

ASMG: Cost 60, Risk 82, Mission 95, Tradability 79, Holdings not scored, Durability 65. PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59.
Pillar letters and Scores for ASMG, PANG, with each pillar’s weight
PillarASMGPANG
Cost30% weightB60A70Higher
Mission25% weightA95HigherA94
Risk15% weightA82HigherA74
Tradability15% weightA79HigherA74
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. ASMG 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 ASMG 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
  7. Rank 5BCOTGLeverage Shares 2X Long COST Daily ETFScore 69

Our read on each fund

ETF.net Research

ASMGBLeverage Shares 2x Long ASML Daily ETF

PANGALeverage Shares 2x Long PANW Daily ETF

In short

ASMG Two times ASML's daily move, reset each day. Since its January 2025 launch, ASMG has stuck closely to that one narrow job, at a fee below the single-stock leverage median. The issuer calls it a short-term tool, and means it.

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

ASMG The fund seeks to deliver twice the daily performance of ASML stock, before fees and expenses, for short-term leveraged exposure.

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

  • ASMG The mandate is one line: 200% of ASML's daily move, before fees. No options overlay, no manager discretion, no index to drift from.leverageshares.com
  • One of the stronger implementations in a field of hundreds of single-stock leverage funds, staying close to its stated 2x daily target since launch.
  • Priced below the typical single-stock leveraged fund, with no waiver propping up the number, so there is no step-up date waiting down the road.
  • Sibling funds price within a basis point or two of each other (OKTG 0.75%, TSMG 0.76%), so the pick comes down to the underlying stock, not the sticker.
  • 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

  • ASMG The daily reset compounds. Held through a choppy stretch, results can diverge from 2x the period move in either direction. The issuer frames it as short-term.leverageshares.com
  • Everything rides on one company's news flow, doubled. No diversification to soften an earnings night.
  • A small fund by category standards, and this sponsor has closed siblings in the lineup that did not attract enough assets.leverageshares.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 ASMG profile⁠

Full PANG profile⁠

ASMG 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.

ASMG vs PANG Cost

Overpaying ASMG vs PANG

$173

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

  • ASMG 0.77%

    $14,829

  • PANG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • ASMG 0.77%
  • 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$15K051015202530ASMG $14,829PANG $14,656

Year by year

YearASMGPANGOverpaying
10$1,371$1,353$18
20$5,205$5,142$63
30$14,829$14,656$173

Expense ratio

  • 0.77%ASMG
  • 0.76%PANG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

PANG 131st cheapest of 315 funds

ASMG 135th cheapest of 315 funds

ASMG vs PANG Dividends

Last 12 months to Nov 2, 2026
Last payment
ASMG $2.53
PANG $1.30
Ex-dividend
ASMG Dec 30, 2025
PANG Dec 30, 2025
Paid on
ASMG Jan 2, 2026
PANG Jan 2, 2026
Frequency
ASMG Irregular
PANG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

ASMGIrregular · 1 paymentAll ASMG payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $2.53. 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

ASMG vs PANG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ASMG 96.5%since Feb 2025PANG 128.2%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
ASMG 0.95since Feb 2025PANG 0.90since Apr 2025
Worst fallMax drawdown, 5 years
ASMG −47.7%since Jan 2025PANG −62.4%since Mar 2025
Market sensitivityBeta, 5 years
ASMG 2.95PANG 3.32

ASMG and PANG in the news

All news⁠

Popular comparisons

  • ASMGBvsTSMGA

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

    Expense ratio
    0.77% · 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.

  • ASMGBvsUNHGA

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

    Expense ratio
    0.77% · 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.

  • ASMGBvsOKTGA

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

    Expense ratio
    0.77% · 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.