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DRAL vs PANG

Defiance Daily Target 2X Long DRAM ETF

DRALBCboe

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Overlap

0.0%by weight

Expense ratio

DRAL −0.05pt a year

DRAL0.71%PANG0.76%

Avg volume · 30D

DRAL 6.9×the volume

DRAL307KPANG44.6K

DRAL vs PANG Performance

Jul 31, 2026 – Oct 30, 2026

−22.1%DRAL+7.0%PANG

Jul 31, 2026 to Oct 30, 2026. DRAL −22.1%. PANG +7.0%. Use the arrow keys to read each point.20%40%Jul 2026Sep 2026Oct 2026
Expense ratio
DRAL 0.71%, better
PANG 0.76%
Fund size
DRAL $10M
PANG $9M
1Y total return
DRAL No data
PANG +91.6%
Holdings
DRAL 7
PANG 4
Avg volume (30D)
DRAL 307K sh, better
PANG 44.6K sh
NAV per share
DRAL $6.86
PANG $31.31
52W range

ETF.net Grade

DRAL: Cost 78, Risk 37, Mission not scored, Tradability 48, Holdings not scored, Durability 54. PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59.
Pillar letters and Scores for DRAL, PANG, with each pillar’s weight
PillarDRALPANG
Cost30% weightA78HigherA70
Mission25% weightNot scoredA94
Risk15% weightD37A74Higher
Tradability15% weightC48A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC54B59Higher

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. DRAL 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 DRAL 44th 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 44BCIEGLeverage Shares 2X Long CIEN Daily ETFScore 59
  7. Rank 44BDRALDefiance Daily Target 2X Long DRAM ETFScore 59
  8. Rank 44BFBLGraniteShares 2x Long META Daily ETFScore 59

Our read on each fund

ETF.net Research

DRALBDefiance Daily Target 2X Long DRAM ETF

PANGALeverage Shares 2x Long PANW Daily ETF

In short

DRAL 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

DRAL 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

DRAL 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

DRAL 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 DRAL profile⁠

Full PANG profile⁠

DRAL vs PANG Holdings

How DRAL and PANG differ

Overlap by weight

0.0%

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

Level by level

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

Sector

No Sector split for DRAL and PANG.

Country, concentration and asset class

Country by domicile

Country weights in DRAL and PANG, widest gap first
CountryMore in DRALMore in PANG
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • DRAL237.6%
  • PANG208.4%

Securities held

  • DRAL2
  • PANG1

Asset class

DRAL
Equity
PANG
Equity

Holdings

  • Only in DRAL2
  • In both0
  • Only in PANG1

Only in DRAL

2 securities, 37.3% of DRAL by weight

  • United States Treasury Bill 11/19/202629.94%
  • First American Government Obligations Fund 12/01/20317.36%

Only in PANG

1 security, 8.4% of PANG by weight

  • First American Treasury Obligations Fund 01/01/20408.43%

Weight gaps

DRAL and PANG share no securities.

All 8 DRAL 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.

DRAL vs PANG Cost

Overpaying PANG vs DRAL

$874

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

  • DRAL 0.71%

    $13,782

  • PANG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • DRAL 0.71%
  • 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$15K051015202530PANG $14,656DRAL $13,782

Year by year

YearDRALPANGOverpaying
10$1,267$1,353$86
20$4,824$5,142$318
30$13,782$14,656$874

Expense ratio

  • 0.71%DRAL, cheaper
  • 0.76%PANG
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

DRAL 86th cheapest of 315 funds

PANG 131st cheapest of 315 funds

DRAL vs PANG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

DRALAll DRAL 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

DRAL vs PANG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

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

DRAL and PANG in the news

All news⁠

Popular comparisons

  • DRALBvsTSMGA

    Defiance Daily Target 2X Long DRAM ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    0.71% · 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.

  • DRALBvsUNHGA

    Defiance Daily Target 2X Long DRAM ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    0.71% · 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.

  • DRALBvsOKTGA

    Defiance Daily Target 2X Long DRAM ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    0.71% · 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.