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ASMU vs PANG

Direxion Daily ASML Bull 2X ETF

ASMUBNasdaq

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Overlap

Expense ratio

PANG −0.21pt a year

ASMU0.97%PANG0.76%

Avg volume · 30D

ASMU 2.6×the volume

ASMU116KPANG44.6K

ASMU vs PANG Performance

Jul 31, 2026 – Oct 30, 2026

−13.3%ASMU+7.0%PANG

Jul 31, 2026 to Oct 30, 2026. ASMU −13.3%. PANG +7.0%. Use the arrow keys to read each point.0%20%30%40%Jul 2026Sep 2026Oct 2026
Expense ratio
ASMU 0.97%
PANG 0.76%, better
Fund size
ASMU $11M
PANG $9M
1Y total return
ASMU No data
PANG +91.6%
Holdings
ASMU 10
PANG 4
Avg volume (30D)
ASMU 116K sh, better
PANG 44.6K sh
NAV per share
ASMU $27.29
PANG $31.31
52W range

ETF.net Grade

ASMU: Cost 54, Risk 78, Mission 89, Tradability 54, Holdings not scored, Durability 62. PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59.
Pillar letters and Scores for ASMU, PANG, with each pillar’s weight
PillarASMUPANG
Cost30% weightC54A70Higher
Mission25% weightA89A94Higher
Risk15% weightA78HigherA74
Tradability15% weightC54A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB62HigherB59

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. ASMU 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 ASMU 37th 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 37BAMZUDirexion Daily AMZN Bull 2X ETFScore 60
  7. Rank 37BASMUDirexion Daily ASML Bull 2X ETFScore 60
  8. Rank 37BCOHHLeverage Shares 2X Long COHR Daily ETFScore 60

Our read on each fund

ETF.net Research

ASMUBDirexion Daily ASML Bull 2X ETF

PANGALeverage Shares 2x Long PANW Daily ETF

In short

ASMU Two times the daily move of ASML, the one company making the EUV lithography machines cutting-edge chips require. Direxion's 2x wrapper resets every day, so it tracks a one-day objective rather than a long-run one.

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

ASMU The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of ASML Holding N.V.'s common shares.

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

  • ASMU The underlying is ASML, the only supplier of EUV lithography systems. ASMU aims for 200% of that stock's daily move, before fees and expenses.asml.commarketsandmarkets.com
  • Sticks close to the job it advertises: one of the tighter deliveries of its stated daily target in a crowded field of single-stock leveraged funds.
  • Two times, not three. The declared multiple is 200% of the daily move, a milder dose of amplification than triple-leveraged single-stock wrappers.direxion.com
  • Costs 0.97% net of a waiver through September 1, 2027 (0.99% gross), which sits near the typical fee for leveraged single-stock funds rather than above it.
  • 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

  • ASMU ASMG runs the same 2x ASML daily mandate for 0.77%, no waiver holding that number down. Same reference stock, lower sticker.
  • Daily reset: hold past one day and the result depends on ASML's path, not just its net move. Choppy stretches eat into returns even if the stock lands flat.
  • Launched in February 2026, so the record is short, and it trades moderately rather than heavily, which can mean wider spreads around the open and close.
  • 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 ASMU profile⁠

Full PANG profile⁠

ASMU 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.

ASMU vs PANG Cost

Overpaying ASMU vs PANG

$3,542

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

  • ASMU 0.97%

    $18,198

  • PANG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • ASMU 0.97%
  • 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$20K051015202530ASMU $18,198PANG $14,656

Year by year

YearASMUPANGOverpaying
10$1,712$1,353$359
20$6,443$5,142$1,301
30$18,198$14,656$3,542

Expense ratio

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

PANG 131st cheapest of 315 funds

ASMU 156th cheapest of 315 funds

ASMU vs PANG Dividends

Last 12 months to Oct 30, 2026
Last payment
ASMU $0.22
PANG $1.30
Ex-dividend
ASMU Sep 22, 2026
PANG Dec 30, 2025
Paid on
ASMU Sep 29, 2026
PANG Jan 2, 2026
Frequency
ASMU Quarterly
PANG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

ASMUQuarterly · 3 paymentsAll ASMU payments⁠
One bar per payment. 3 payments from 2025 to 2026 YTD. Mar 24, 2026 $0.05; Jun 23, 2026 $0.13; Sep 22, 2026 $0.22. Use the arrow keys to read each point.$0$12026YTD
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

ASMU vs PANG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ASMU No dataPANG 128.2%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
ASMU No dataPANG 0.90since Apr 2025
Worst fallMax drawdown, 5 years
ASMU No dataPANG −62.4%since Mar 2025
Market sensitivityBeta, 5 years
ASMU 1.84PANG 3.32

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