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CRCA vs PANG

ProShares Ultra CRCL

CRCABNYSE Arca

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Overlap

0.0%by weight

Expense ratio

PANG −0.19pt a year

CRCA0.95%PANG0.76%

Avg volume · 30D

CRCA 23.1×the volume

CRCA1.03MPANG44.6K

CRCA vs PANG Performance

Oct 31, 2025 – Nov 2, 2026

−89.5%CRCA+76.3%PANG

Oct 31, 2025 to Nov 2, 2026. CRCA −89.5%. PANG +76.3%. Use the arrow keys to read each point.−50%0%150%Oct 2025May 2026Nov 2026
Expense ratio
CRCA 0.95%
PANG 0.76%, better
Fund size
CRCA $75M
PANG $9M
1Y total return
CRCA −89.5%
PANG +76.3%, better
Yield (12M)
CRCA 6.28%
PANG No data
Holdings
CRCA 1
PANG 4
Avg volume (30D)
CRCA 1.03M sh, better
PANG 44.6K sh
NAV per share
CRCA $12.77
PANG $31.31
52W range

ETF.net Grade

CRCA: Cost 56, Risk 31, Mission not scored, Tradability 75, Holdings not scored, Durability 77. PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59.
Pillar letters and Scores for CRCA, PANG, with each pillar’s weight
PillarCRCAPANG
Cost30% weightB56A70Higher
Mission25% weightNot scoredA94
Risk15% weightD31A74Higher
Tradability15% weightA75HigherA74
Holdings10% weightNot scoredNot scored
Durability5% weightA77HigherB59

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. CRCA 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 CRCA 62nd 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 62BAMZZGraniteShares 2x Long AMZN Daily ETFScore 56
  7. Rank 62BCRCAProShares Ultra CRCLScore 56
  8. Rank 62BGOUGraniteShares 2x Long GOOG Daily ETFScore 56

Our read on each fund

ETF.net Research

CRCABProShares Ultra CRCL

PANGALeverage Shares 2x Long PANW Daily ETF

In short

CRCA 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

CRCA 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

CRCA 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

CRCA 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 CRCA profile⁠

Full PANG profile⁠

CRCA vs PANG Holdings

How CRCA and PANG differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of CRCA and 0.0% of PANG.

Level by level

  • Holdings0 in both0.0%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

No Sector split for CRCA and PANG.

Country, concentration and asset class

Country by domicile

Country weights in CRCA and PANG, widest gap first
CountryMore in CRCAMore in PANG
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • CRCA100.0%
  • PANG210.1%

Securities held

  • CRCA0
  • PANG1

Asset class

CRCA
Equity
PANG
Equity

Holdings

  • Only in CRCA0
  • In both0
  • Only in PANG1

Only in CRCA

0 securities, 0.0% of CRCA by weight

Only in PANG

1 security, 10.0% of PANG by weight

  • First American Treasury Obligations Fund 01/01/204010.04%

Weight gaps

CRCA and PANG share no securities.

All CRCA holdings⁠All 4 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.

CRCA vs PANG Cost

Overpaying CRCA vs PANG

$3,213

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

  • CRCA 0.95%

    $17,869

  • PANG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • CRCA 0.95%
  • 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$20K051015202530CRCA $17,869PANG $14,656

Year by year

YearCRCAPANGOverpaying
10$1,678$1,353$325
20$6,322$5,142$1,180
30$17,869$14,656$3,213

Expense ratio

  • 0.95%CRCA
  • 0.76%PANG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

PANG 131st cheapest of 315 funds

CRCA 152nd cheapest of 315 funds

CRCA vs PANG Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
CRCA 6.28%
PANG No data
Payout (12M)
CRCA $0.79
PANG No data
Last payment
CRCA $0.13
PANG $1.30
Ex-dividend
CRCA Sep 23, 2026
PANG Dec 30, 2025
Paid on
CRCA Sep 29, 2026
PANG Jan 2, 2026
Frequency
CRCA Quarterly
PANG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

CRCAQuarterly · 5 paymentsAll CRCA payments⁠
One bar per payment. 5 payments from 2025 to 2026 YTD. Sep 24, 2025 $0.21; Dec 24, 2025 $0.22; Mar 25, 2026 $0.27; Jun 24, 2026 $0.18; Sep 23, 2026 $0.13. 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

CRCA vs PANG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CRCA 169.7%since Sep 2025PANG 128.2%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
CRCA −0.37since Sep 2025PANG 0.90since Apr 2025
Worst fallMax drawdown, 5 years
CRCA −95.5%since Aug 2025PANG −62.4%since Mar 2025
Market sensitivityBeta, 5 years
CRCA 1.32PANG 3.32

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