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BMNU vs PANG

T-Rex 2x Long BMNR Daily Target ETF

BMNUDCboe

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Overlap

Expense ratio

PANG −0.74pt a year

BMNU1.50%PANG0.76%

Avg volume · 30D

BMNU 109.3×the volume

BMNU4.88MPANG44.6K

BMNU vs PANG Performance

Oct 31, 2025 – Oct 30, 2026

−94.1%BMNU+91.6%PANG

Oct 31, 2025 to Oct 30, 2026. BMNU −94.1%. PANG +91.6%. Use the arrow keys to read each point.−50%0%50%150%Oct 2025Apr 2026Oct 2026
Expense ratio
BMNU 1.50%
PANG 0.76%, better
Fund size
BMNU $278M
PANG $9M
1Y total return
BMNU −94.1%
PANG +91.6%, better
Holdings
BMNU 7
PANG 4
Avg volume (30D)
BMNU 4.88M sh, better
PANG 44.6K sh
NAV per share
BMNU $13.22
PANG $31.31
52W range

ETF.net Grade

BMNU: Cost 11, Risk 24, Mission not scored, Tradability 59, Holdings not scored, Durability 74. PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59.
Pillar letters and Scores for BMNU, PANG, with each pillar’s weight
PillarBMNUPANG
Cost30% weightF11A70Higher
Mission25% weightNot scoredA94
Risk15% weightF24A74Higher
Tradability15% weightB59A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA74HigherB59

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. BMNU 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 BMNU 275th 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 275DBBULGraniteShares 2x Long BB Daily ETFScore 30
  7. Rank 275DBMNUT-Rex 2x Long BMNR Daily Target ETFScore 30
  8. Rank 275DIONLGraniteShares 2x Long IONQ Daily ETFScore 30

Our read on each fund

ETF.net Research

BMNUDT-Rex 2x Long BMNR Daily Target ETF

PANGALeverage Shares 2x Long PANW Daily ETF

In short

BMNU No data

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

BMNU No data

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

BMNU No data

  • 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

BMNU No data

  • 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 BMNU profile⁠

Full PANG profile⁠

BMNU 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.

BMNU vs PANG Cost

Overpaying BMNU vs PANG

$11,627

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

  • BMNU 1.50%

    $26,283

  • PANG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • BMNU 1.50%
  • 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$30K051015202530BMNU $26,283PANG $14,656

Year by year

YearBMNUPANGOverpaying
10$2,590$1,353$1,237
20$9,519$5,142$4,377
30$26,283$14,656$11,627

Expense ratio

  • 1.50%BMNU
  • 0.76%PANG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

PANG 131st cheapest of 315 funds

BMNU 271st cheapest of 315 funds

BMNU vs PANG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

BMNUAll BMNU 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

BMNU vs PANG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BMNU 161.4%since Oct 2025PANG 128.2%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
BMNU −0.96since Oct 2025PANG 0.90since Apr 2025
Worst fallMax drawdown, 5 years
BMNU −98.3%since Sep 2025PANG −62.4%since Mar 2025
Market sensitivityBeta, 5 years
BMNU 2.52PANG 3.32

BMNU and PANG in the news

All news⁠

Popular comparisons

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    T-Rex 2x Long BMNR Daily Target ETF · Leverage Shares 2x Long TSM Daily ETF

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