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CRWG vs PANG

Leverage Shares 2x Long CRWV Daily ETF

CRWGBNasdaq

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Overlap

Expense ratio

PANG −0.01pt a year

CRWG0.77%PANG0.76%

Avg volume · 30D

CRWG 76.8×the volume

CRWG3.43MPANG44.6K

CRWG vs PANG Performance

Oct 31, 2025 – Oct 30, 2026

−94.5%CRWG+91.6%PANG

Oct 31, 2025 to Oct 30, 2026. CRWG −94.5%. PANG +91.6%. Use the arrow keys to read each point.−50%0%50%150%Oct 2025Apr 2026Oct 2026
Expense ratio
CRWG 0.77%
PANG 0.76%, better
Fund size
CRWG $97M
PANG $9M
1Y total return
CRWG −94.5%
PANG +91.6%, better
Holdings
CRWG 6
PANG 4
Avg volume (30D)
CRWG 3.43M sh, better
PANG 44.6K sh
NAV per share
CRWG $6.37
PANG $31.31
52W range

ETF.net Grade

CRWG: Cost 60, Risk 28, Mission 96, Tradability 91, Holdings not scored, Durability 67. PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59.
Pillar letters and Scores for CRWG, PANG, with each pillar’s weight
PillarCRWGPANG
Cost30% weightB60A70Higher
Mission25% weightA96HigherA94
Risk15% weightD28A74Higher
Tradability15% weightA91HigherA74
Holdings10% weightNot scoredNot scored
Durability5% weightB67HigherB59

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. CRWG 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 CRWG 37th 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 37BCOHHLeverage Shares 2X Long COHR Daily ETFScore 60
  7. Rank 37BCRWGLeverage Shares 2x Long CRWV Daily ETFScore 60
  8. Rank 37BIREGLeverage Shares 2x Long IREN Daily ETFScore 60

Our read on each fund

ETF.net Research

CRWGBLeverage Shares 2x Long CRWV Daily ETF

PANGALeverage Shares 2x Long PANW Daily ETF

In short

CRWG A 2x daily play on CoreWeave, the GPU landlord of the AI buildout. CRWG resets its leverage every day, costs 0.77%, and trades more briskly than most single-stock leverage funds.

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

CRWG The fund seeks daily investment results equal to 200% of the daily performance of CoreWeave, Inc. common stock, before fees and expenses.

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

  • CRWG Hitting 2x of CoreWeave's daily move is the entire job, and CRWG has stayed close to that target day after day, one of the tighter implementations in a crowded category.
  • At 0.77%, the fee sits below the category median and in line with siblings TSMG (0.76%) and UNHG (0.77%).
  • Actively traded, with pricing on the tighter end of its peer group. That matters when the holding period is measured in hours.
  • The multiple is 2x, not 3x: the milder end of the single-stock leverage shelf, launched in 2025.leverageshares.com
  • 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

  • CRWG Leverage resets daily. Hold longer and compounding takes over, so multi-week results can land far from 2x CoreWeave's move over the same stretch.leverageshares.com
  • Doubling one AI infrastructure stock's daily swings cuts both ways. This sits at the high-volatility end of the ETF universe.
  • One company, no cushion. An earnings print, a financing headline, or a lost contract at CoreWeave drives the whole fund.
  • 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 CRWG profile⁠

Full PANG profile⁠

CRWG 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.

CRWG vs PANG Cost

Overpaying CRWG vs PANG

$173

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

  • CRWG 0.77%

    $14,829

  • PANG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • CRWG 0.77%
  • 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$15K051015202530CRWG $14,829PANG $14,656

Year by year

YearCRWGPANGOverpaying
10$1,371$1,353$18
20$5,205$5,142$63
30$14,829$14,656$173

Expense ratio

  • 0.77%CRWG
  • 0.76%PANG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

PANG 131st cheapest of 315 funds

CRWG 135th cheapest of 315 funds

CRWG vs PANG Dividends

Last 12 months to Oct 30, 2026
Last payment
CRWG $2.00
PANG $1.30
Ex-dividend
CRWG Dec 30, 2025
PANG Dec 30, 2025
Paid on
CRWG Jan 2, 2026
PANG Jan 2, 2026
Frequency
CRWG Irregular
PANG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

CRWGIrregular · 1 paymentAll CRWG payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $2.00. Use the arrow keys to read each point.$0$22026YTD
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$22026YTD

CRWG vs PANG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CRWG 171.2%since Sep 2025PANG 128.2%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
CRWG −0.30since Sep 2025PANG 0.90since Apr 2025
Worst fallMax drawdown, 5 years
CRWG −96.5%since Aug 2025PANG −62.4%since Mar 2025
Market sensitivityBeta, 5 years
CRWG 8.50PANG 3.32

Popular comparisons

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

    Expense ratio
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  • PANGAvsTSMGA

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