CSCL vs PANG: Grades, Fees and Holdings Compared

Direxion Daily CSCO Bull 2X ETF

CSCLBNasdaq

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Overlap

0.0%by weight

Expense ratio

PANG −0.31pt a year

CSCL1.07%PANG0.76%

Avg volume · 30D

PANG 1.2×the volume

CSCL36.3KPANG44.6K

CSCL vs PANG Performance

Oct 31, 2025 – Oct 30, 2026

+67.8%CSCL+91.6%PANG

Expense ratio: CSCL 1.07%; PANG 0.76%, better
Fund size: CSCL $10M; PANG $9M
1Y total return: CSCL +67.8%; PANG +91.6%, better
Yield (12M): CSCL 1.64%; PANG No data
Holdings: CSCL 9; PANG 4
Avg volume (30D): CSCL 36.3K sh; PANG 44.6K sh, better
NAV per share: CSCL $49.68; PANG $31.31
52W range

ETF.net Grade

Pillar letters and Scores for CSCL, PANG, with each pillar’s weight
Pillar	CSCL	PANG
Cost30% weight	C40	A70Higher
Mission25% weight	A99Higher	A94
Risk15% weight	A86Higher	A74
Tradability15% weight	C53	A74Higher
Holdings10% weight	Not scored	Not scored
Durability5% weight	B68Higher	B59

Rank among Single-Stock Long Leveraged funds

How we build Categories ›

Same Category. CSCL 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 CSCL 68th of 315 funds in the Single-Stock Long Leveraged Category.

Rank 1ATSMGLeverage Shares 2x Long TSM Daily ETFScore 73
Rank 2AUNHGLeverage Shares 2x Long UNH Daily ETFScore 72
Rank 3AOKTGLeverage Shares 2x Long OKTA Daily ETFScore 70
Rank 3APANGLeverage Shares 2x Long PANW Daily ETFScore 70
Rank 5BAMDGLeverage Shares 2x Long AMD Daily ETFScore 69
Rank 68CAAPXT-REX 2X Long Apple Daily Target ETFScore 55
Rank 68BCSCLDirexion Daily CSCO Bull 2X ETFScore 55
Rank 68BGOUGraniteShares 2x Long GOOG Daily ETFScore 55

Our read on each fund

ETF.net Research

CSCLBDirexion Daily CSCO Bull 2X ETF

PANGALeverage Shares 2x Long PANW Daily ETF

In short

CSCL Most single-stock leverage chases AI highfliers. CSCL aims at a networking incumbent instead: 200% of Cisco's daily move, before fees, reset every day. A bear twin on the same stock covers the other side.

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

CSCL The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of Cisco Systems, Inc. common shares.

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

CSCL Does one job with a published number: 200% of Cisco's daily move before fees and expenses. Direxion runs a bear fund on the same stock for traders who want the other side.direxion.com
Since its June 2025 launch it has tracked that daily 2x target closely, one of the tighter implementations in a crowded single-stock leverage field.
Charged at 1.07% net of a waiver through September 1, 2027, well under the 2.25% gross ratio.

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

CSCL Daily reset: hold it longer than a day and returns compound off each day's result, so multi-week outcomes can drift far from 2x Cisco. Built as a trading tool.direxion.com
Even net, the fee sits above the category norm, and cheaper peers like OKTG (0.75%) and TSMG (0.76%) carry no waiver to expire.
Small asset base and thin trading mean wider spreads; limit orders matter. The record also starts in mid-2025, so there is little history to lean on.

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 CSCL profile⁠

Full PANG profile⁠

CSCL vs PANG Holdings

How CSCL and PANG differ

Overlap by weight

0.0%

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

Level by level

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

Sector

No Sector split for PANG.

Country, concentration and asset class

Country by domicile

Country weights in CSCL and PANG, widest gap first
Country	More in CSCLMore in PANG	CSCL	PANG
United States	Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

CSCL100.0%
PANG208.4%

Securities held

CSCL3
PANG1

Asset class

CSCL: Equity
PANG: Equity

Holdings

Only in CSCL3
In both0
Only in PANG1

Only in CSCL

3 securities, 20.5% of CSCL by weight

Goldman Finl Sq Trsry Inst 50610.49%
Goldman Sachs Fin Gov 465 Institut5.61%
Cisco Systems Inc4.37%

Only in PANG

1 security, 8.4% of PANG by weight

First American Treasury Obligations Fund 01/01/20408.43%

Weight gaps

CSCL and PANG share no securities.

All 6 CSCL 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.

CSCL vs PANG Cost

Overpaying CSCL vs PANG

$5,159

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

CSCL 1.07%
$19,815
PANG 0.76%
$14,656

Amount$10,000

Years30 years

Cost over time

CSCL 1.07%
PANG 0.76%
Overpaying

Year by year

Year	CSCL	PANG	Overpaying
10	$1,881	$1,353	$528
20	$7,046	$5,142	$1,904
30	$19,815	$14,656	$5,159

Expense ratio

1.07%CSCL
0.76%PANG, cheaper

PANG0.76%CSCL1.07%

0.20%2.28%

Middle half of Single-Stock Long Leveraged funds
Median 0.97%

PANG 131st cheapest of 315 funds

CSCL 213th cheapest of 315 funds

CSCL vs PANG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): CSCL 1.64%; PANG No data
Payout (12M): CSCL $0.76; PANG No data
Last payment: CSCL $0.20; PANG $1.30
Ex-dividend: CSCL Sep 22, 2026; PANG Dec 30, 2025
Paid on: CSCL Sep 29, 2026; PANG Jan 2, 2026
Frequency: CSCL Quarterly; PANG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

CSCLQuarterly · 5 paymentsAll CSCL payments⁠

PANGIrregular · 1 paymentAll PANG payments⁠

CSCL vs PANG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: CSCL 71.2%since Jul 2025PANG 128.2%since Apr 2025
Return per unit of riskSharpe ratio, 3 years: CSCL 0.84since Jul 2025PANG 0.90since Apr 2025
Worst fallMax drawdown, 5 years: CSCL −40.3%since Jun 2025PANG −62.4%since Mar 2025
Market sensitivityBeta, 5 years: CSCL 3.96PANG 3.32; Market = 1

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