Skip to content
etf.net

CRMG vs PANG

Leverage Shares 2x Long CRM Daily ETF

CRMGBNasdaq

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Overlap

8.4%by weight

Expense ratio

PANG −0.02pt a year

CRMG0.78%PANG0.76%

Avg volume · 30D

CRMG 70.5×the volume

CRMG3.15MPANG44.6K

CRMG vs PANG Performance

Oct 31, 2025 – Oct 30, 2026

−44.4%CRMG+91.6%PANG

Oct 31, 2025 to Oct 30, 2026. CRMG −44.4%. PANG +91.6%. Use the arrow keys to read each point.0%50%150%Oct 2025Apr 2026Oct 2026
Expense ratio
CRMG 0.78%
PANG 0.76%, better
Fund size
CRMG $37M
PANG $9M
1Y total return
CRMG −44.4%
PANG +91.6%, better
Holdings
CRMG 5
PANG 4
Avg volume (30D)
CRMG 3.15M sh, better
PANG 44.6K sh
NAV per share
CRMG $7.63
PANG $31.31
52W range

ETF.net Grade

CRMG: Cost 60, Risk 59, Mission 80, Tradability 93, Holdings not scored, Durability 65. PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59.
Pillar letters and Scores for CRMG, PANG, with each pillar’s weight
PillarCRMGPANG
Cost30% weightB60A70Higher
Mission25% weightA80A94Higher
Risk15% weightB59A74Higher
Tradability15% weightA93HigherA74
Holdings10% weightNot scoredNot scored
Durability5% weightB65HigherB59

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. CRMG 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 CRMG 11th 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 11BAMAULeverage Shares 2X Long AMAT Daily ETFScore 67
  7. Rank 11BCRMGLeverage Shares 2x Long CRM Daily ETFScore 67
  8. Rank 11BECHXLeverage Shares 2X Long SATS Daily ETFScore 67

Our read on each fund

ETF.net Research

CRMGBLeverage Shares 2x Long CRM Daily ETF

PANGALeverage Shares 2x Long PANW Daily ETF

In short

CRMG A 2x daily Salesforce trade you can buy like any share. Leverage Shares prices it at 0.75%, under the 0.96% the big-name 2x single-stock funds charge, and the leverage resets every trading day.

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

CRMG The Fund seeks pre-expense daily returns equal to twice the daily percentage change in Salesforce, Inc. common stock. It is not designed to pursue that objective over periods other than a single trading day.

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

  • CRMG Charges 0.75% a year, below the 0.96% on Direxion's 2x single-stock funds such as AAPU and GGLL, and below the typical fee in the leveraged single-stock crowd.
  • One decision, one stock: it aims for twice the daily percentage move in Salesforce shares before expenses, no options chain or margin borrowing on your end.leverageshares.com
  • 2x, not 3x. A milder daily dial than the triple-leverage products, with the same single-ticker simplicity.
  • Actively traded, and it stands among the stronger implementations in a crowded field of leveraged single-stock funds.
  • 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

  • CRMG The 2x target resets daily. Hold longer than a day and compounding takes over, so results can drift well away from 2x the stock's move over that stretch.
  • Everything rides on one company. A Salesforce earnings gap or guidance cut hits here at double speed, with no other holdings to soften it.
  • Launched in 2025 and built for trading, not income: it has not paid a distribution, and the track record is still short.
  • 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 CRMG profile⁠

Full PANG profile⁠

CRMG vs PANG Holdings

How CRMG and PANG differ

Overlap by weight

8.4%

Shared holdings make up 11.5% of CRMG and 8.4% of PANG.

Level by level

  • Holdings1 in both8.4%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

No Sector split for CRMG and PANG.

Country, concentration and asset class

Country by domicile

Country weights in CRMG and PANG, widest gap first
CountryMore in CRMGMore in PANG
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • CRMG211.4%
  • PANG208.4%

Securities held

  • CRMG1
  • PANG1

Asset class

CRMG
Equity
PANG
Equity

Holdings

  • Only in CRMG0
  • In both1
  • Only in PANG0

Only in CRMG

0 securities, 0.0% of CRMG by weight

Only in PANG

0 securities, 0.0% of PANG by weight

Weight gaps

All 1 Holdings in both funds, largest gap first.

Holding weights in CRMG and PANG, widest gap first
HoldingMore in CRMGMore in PANG
First American Treasury Obligations Fund 01/01/2040CRMG +3.02 points

All 5 CRMG 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.

CRMG vs PANG Cost

Overpaying CRMG vs PANG

$346

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

  • CRMG 0.78%

    $15,002

  • PANG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • CRMG 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$20K051015202530CRMG $15,002PANG $14,656

Year by year

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

Expense ratio

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

PANG 131st cheapest of 315 funds

CRMG 142nd cheapest of 315 funds

CRMG vs PANG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

CRMGAll CRMG 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

CRMG vs PANG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CRMG 101.1%since May 2025PANG 128.2%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
CRMG −0.11since May 2025PANG 0.90since Apr 2025
Worst fallMax drawdown, 5 years
CRMG −79.8%since Apr 2025PANG −62.4%since Mar 2025
Market sensitivityBeta, 5 years
CRMG 0.43PANG 3.32

Popular comparisons

  • CRMGBvsTSMGA

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

    Expense ratio
    0.78% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PANGAvsTSMGA

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

    Expense ratio
    0.76% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • CRMGBvsUNHGA

    Leverage Shares 2x Long CRM Daily ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    0.78% · 0.77%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PANGAvsUNHGA

    Leverage Shares 2x Long PANW Daily ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    0.76% · 0.77%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • CRMGBvsOKTGA

    Leverage Shares 2x Long CRM Daily ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    0.78% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PANGAvsOKTGA

    Leverage Shares 2x Long PANW Daily ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    0.76% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.