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BMNG vs PANG

Leverage Shares 2x Long BMNR Daily ETF

BMNGCNasdaq

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Overlap

Expense ratio

PANG −0.02pt a year

BMNG0.78%PANG0.76%

Avg volume · 30D

BMNG 15.2×the volume

BMNG680KPANG44.6K

BMNG vs PANG Performance

Oct 31, 2025 – Nov 2, 2026

−94.3%BMNG+76.3%PANG

Oct 31, 2025 to Nov 2, 2026. BMNG −94.3%. PANG +76.3%. Use the arrow keys to read each point.−50%0%150%Oct 2025May 2026Nov 2026
Expense ratio
BMNG 0.78%
PANG 0.76%, better
Fund size
BMNG $31M
PANG $9M
1Y total return
BMNG −94.3%
PANG +76.3%, better
Holdings
BMNG 6
PANG 4
Avg volume (30D)
BMNG 680K sh, better
PANG 44.6K sh
NAV per share
BMNG $15.45
PANG $31.31
52W range

ETF.net Grade

BMNG: Cost 60, Risk 23, Mission 86, Tradability 75, Holdings not scored, Durability 61. PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59.
Pillar letters and Scores for BMNG, PANG, with each pillar’s weight
PillarBMNGPANG
Cost30% weightB60A70Higher
Mission25% weightA86A94Higher
Risk15% weightF23A74Higher
Tradability15% weightA75HigherA74
Holdings10% weightNot scoredNot scored
Durability5% weightB61HigherB59

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. BMNG 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 BMNG 71st 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 71CAAOGLeverage Shares 2X Long AAOI Daily ETFScore 54
  7. Rank 71CBMNGLeverage Shares 2x Long BMNR Daily ETFScore 54
  8. Rank 71CCIFGLeverage Shares 2x Long CIFR Daily ETFScore 54

Our read on each fund

ETF.net Research

BMNGCLeverage Shares 2x Long BMNR Daily ETF

PANGALeverage Shares 2x Long PANW Daily ETF

In short

BMNG BitMine's balance sheet is mostly Ethereum. BMNG aims to deliver 200% of that stock's daily move, so you are stacking leverage on something that already trades like a crypto proxy. Fee: 0.78%, no waiver.

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

BMNG The fund seeks daily investment results, before fees and expenses, corresponding to 200% of the daily performance of BitMine stock, identified as BMNR.

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

  • BMNG One job, stated plainly: 200% of BitMine stock's daily move, reset every day. No stock picking, no index to second-guess.
  • 0.78% all-in, with no waiver propping up the number, which lands below the typical fee in the single-stock leveraged category.
  • Actively traded, and it has stayed close to its stated daily target, which is more than you can say for every ticker in this crowded field.
  • 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

  • BMNG The 2x target resets daily. Through a choppy stretch, results can drift well away from twice the stock's move over that same span.
  • BitMine already swings with Ethereum, which it holds in size. Doubling that daily puts BMNG among the most volatile things on a US exchange.prnewswire.com
  • Launched in 2025, so the track record is short, and it makes no distributions. The whole case here is price movement.
  • 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 BMNG profile⁠

Full PANG profile⁠

BMNG 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.

BMNG vs PANG Cost

Overpaying BMNG vs PANG

$346

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

  • BMNG 0.78%

    $15,002

  • PANG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • BMNG 0.78%
  • 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$20K051015202530BMNG $15,002PANG $14,656

Year by year

YearBMNGPANGOverpaying
10$1,388$1,353$35
20$5,268$5,142$126
30$15,002$14,656$346

Expense ratio

  • 0.78%BMNG
  • 0.76%PANG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

PANG 131st cheapest of 315 funds

BMNG 142nd cheapest of 315 funds

BMNG vs PANG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

BMNGAll BMNG 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

BMNG vs PANG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BMNG 168.0%since Nov 2025PANG 128.2%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
BMNG −0.80since Nov 2025PANG 0.90since Apr 2025
Worst fallMax drawdown, 5 years
BMNG −97.3%since Oct 2025PANG −62.4%since Mar 2025
Market sensitivityBeta, 5 years
BMNG 1.83PANG 3.32

Popular comparisons

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

    Expense ratio
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    Category
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