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BTDL vs PANG

GraniteShares 2x Long BTDR Daily ETF

BTDLFNasdaq

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Overlap

Expense ratio

PANG −0.74pt a year

BTDL1.50%PANG0.76%

Avg volume · 30D

PANG 1.1×the volume

BTDL42KPANG44.6K

BTDL vs PANG Performance

Jul 31, 2026 – Nov 2, 2026

−75.8%BTDL−1.5%PANG

Jul 31, 2026 to Nov 2, 2026. BTDL −75.8%. PANG −1.5%. Use the arrow keys to read each point.−50%−25%25%50%Jul 2026Sep 2026Nov 2026
Expense ratio
BTDL 1.50%
PANG 0.76%, better
Fund size
BTDL $2M
PANG $9M
1Y total return
BTDL No data
PANG +76.3%
Holdings
BTDL 2
PANG 4
Avg volume (30D)
BTDL 42K sh
PANG 44.6K sh, better
NAV per share
BTDL $4.82
PANG $31.31
52W range

ETF.net Grade

BTDL: Cost 11, Risk 24, Mission not scored, Tradability 39, Holdings not scored, Durability 40. PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59.
Pillar letters and Scores for BTDL, PANG, with each pillar’s weight
PillarBTDLPANG
Cost30% weightF11A70Higher
Mission25% weightNot scoredA94
Risk15% weightF24A74Higher
Tradability15% weightD39A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC40B59Higher

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. BTDL 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 BTDL 301st 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 298FGLXUT-REX 2X Long GLXY Daily Target ETFScore 23
  7. Rank 301FBTDLGraniteShares 2x Long BTDR Daily ETFScore 22
  8. Rank 302FONDUTradr 2X Long ONDS Daily ETFScore 21

Our read on each fund

ETF.net Research

BTDLFGraniteShares 2x Long BTDR Daily ETF

PANGALeverage Shares 2x Long PANW Daily ETF

In short

BTDL 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

BTDL 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

BTDL 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

BTDL 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 BTDL profile⁠

Full PANG profile⁠

BTDL 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.

BTDL vs PANG Cost

Overpaying BTDL vs PANG

$11,627

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

  • BTDL 1.50%

    $26,283

  • PANG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • BTDL 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$30K051015202530BTDL $26,283PANG $14,656

Year by year

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

PANG 131st cheapest of 315 funds

BTDL 271st cheapest of 315 funds

BTDL vs PANG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

BTDLAll BTDL 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

BTDL vs PANG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BTDL No dataPANG 128.2%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
BTDL No dataPANG 0.90since Apr 2025
Worst fallMax drawdown, 5 years
BTDL No dataPANG −62.4%since Mar 2025
Market sensitivityBeta, 5 years
BTDL 0.00PANG 3.32

Popular comparisons

  • BTDLFvsTSMGA

    GraniteShares 2x Long BTDR Daily ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
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    Category
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  • PANGAvsTSMGA

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    Category
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    Expense ratio
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    Category
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