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BEX vs PANG

Tradr 2X Long BE Daily ETF

BEXCCboe

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Overlap

Expense ratio

PANG −0.54pt a year

BEX1.30%PANG0.76%

Avg volume · 30D

BEX 61.0×the volume

BEX2.72MPANG44.6K

BEX vs PANG Performance

Dec 31, 2025 – Oct 30, 2026

+89.9%BEX+183.4%PANG

Dec 31, 2025 to Oct 30, 2026. BEX +89.9%. PANG +183.4%. Use the arrow keys to read each point.400%600%800%Dec 2025Jun 2026Oct 2026
Expense ratio
BEX 1.30%
PANG 0.76%, better
Fund size
BEX $173M
PANG $9M
1Y total return
BEX No data
PANG +91.6%
Holdings
BEX 1
PANG 4
Avg volume (30D)
BEX 2.72M sh, better
PANG 44.6K sh
NAV per share
BEX $17.84
PANG $31.31
52W range

ETF.net Grade

BEX: Cost 32, Risk 46, Mission 87, Tradability 84, Holdings not scored, Durability 70. PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59.
Pillar letters and Scores for BEX, PANG, with each pillar’s weight
PillarBEXPANG
Cost30% weightD32A70Higher
Mission25% weightA87A94Higher
Risk15% weightC46A74Higher
Tradability15% weightA84HigherA74
Holdings10% weightNot scoredNot scored
Durability5% weightA70HigherB59

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. BEX 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 BEX 84th 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 82CLMTLDirexion Daily LMT Bull 2X ETFScore 51
  7. Rank 84CBEXTradr 2X Long BE Daily ETFScore 50
  8. Rank 84CBOEUDirexion Daily BA Bull 2X ETFScore 50

Our read on each fund

ETF.net Research

BEXCTradr 2X Long BE Daily ETF

PANGALeverage Shares 2x Long PANW Daily ETF

In short

BEX One stock, twice the daily swing. BEX aims to deliver two times Bloom Energy's daily move, resetting every session, and it is one of only two US ETFs offering leveraged exposure to the fuel-cell maker.

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

BEX The fund seeks daily investment results, before fees and expenses, equal to two times the daily performance of Bloom Energy Corporation 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

  • BEX Does exactly one thing: two times Bloom Energy's daily move, before fees. No index committee, no basket, no guessing what is inside.tradretfs.com
  • Amplified BE exposure inside a 1940 Act ETF wrapper, so no margin account, no borrowing paperwork, no margin call at 3am.tradretfs.com
  • Tracks its 2x daily target closely, which puts it in the upper half of a crowded leveraged single-stock field.
  • Trades actively for a fund this young, so getting in and out has not required hunting for a counterparty.
  • 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

  • BEX At 1.30% a year, it sits at the pricier end of the leveraged single-stock shelf. BEG offers the same 2x BE exposure at 0.75%.
  • The 2x target applies to a single day. Because leverage resets daily, multi-day results can drift well away from twice BE's return, in either direction.
  • One stock, geared up: this is concentration on top of leverage, and the fund launched in late 2025, so there is little history to study.
  • 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 BEX profile⁠

Full PANG profile⁠

BEX 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.

BEX vs PANG Cost

Overpaying BEX vs PANG

$8,713

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

  • BEX 1.30%

    $23,369

  • PANG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • BEX 1.30%
  • 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$25K051015202530BEX $23,369PANG $14,656

Year by year

YearBEXPANGOverpaying
10$2,263$1,353$910
20$8,393$5,142$3,251
30$23,369$14,656$8,713

Expense ratio

  • 1.30%BEX
  • 0.76%PANG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

PANG 131st cheapest of 315 funds

BEX 229th cheapest of 315 funds

BEX vs PANG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

BEXAll BEX 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

BEX vs PANG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BEX No dataPANG 128.2%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
BEX No dataPANG 0.90since Apr 2025
Worst fallMax drawdown, 5 years
BEX No dataPANG −62.4%since Mar 2025
Market sensitivityBeta, 5 years
BEX 18.83PANG 3.32

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