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ECHX vs PANG

Leverage Shares 2X Long SATS Daily ETF

ECHXBNasdaq

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Overlap

8.4%by weight

Expense ratio

ECHX −0.01pt a year

ECHX0.75%PANG0.76%

Avg volume · 30D

ECHX 7.6×the volume

ECHX337KPANG44.6K

ECHX vs PANG Performance

Jul 31, 2026 – Oct 30, 2026

+21.5%ECHX+7.0%PANG

Jul 31, 2026 to Oct 30, 2026. ECHX +21.5%. PANG +7.0%. Use the arrow keys to read each point.−10%0%30%40%Jul 2026Sep 2026Oct 2026
Expense ratio
ECHX 0.75%, better
PANG 0.76%
Fund size
ECHX $11M
PANG $9M
1Y total return
ECHX No data
PANG +91.6%
Holdings
ECHX 6
PANG 4
Avg volume (30D)
ECHX 337K sh, better
PANG 44.6K sh
NAV per share
ECHX $8.86
PANG $31.31
52W range

ETF.net Grade

ECHX: Cost 70, Risk 56, Mission not scored, Tradability 78, Holdings not scored, Durability 52. PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59.
Pillar letters and Scores for ECHX, PANG, with each pillar’s weight
PillarECHXPANG
Cost30% weightA70A70
Mission25% weightNot scoredA94
Risk15% weightB56A74Higher
Tradability15% weightA78HigherA74
Holdings10% weightNot scoredNot scored
Durability5% weightC52B59Higher

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. ECHX 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 ECHX 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 11BCRMGLeverage Shares 2x Long CRM Daily ETFScore 67
  7. Rank 11BECHXLeverage Shares 2X Long SATS Daily ETFScore 67
  8. Rank 11BNBIGLeverage Shares 2x Long NBIS Daily ETFScore 67

Our read on each fund

ETF.net Research

ECHXBLeverage Shares 2X Long SATS Daily ETF

PANGALeverage Shares 2x Long PANW Daily ETF

In short

ECHX A 2x daily play on EchoStar, the satellite and spectrum operator, in one ticker. No margin account, no options chain, and a fee that undercuts most leveraged single-stock 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

ECHX The fund seeks daily investment results, before fees and expenses, corresponding to 200% of the daily performance of EchoStar Corporation stock. It is a single-stock leveraged ETF designed primarily for short-term tactical trading.

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

  • ECHX 0.75% a year, under the typical fee for 2x single-stock ETFs. Cheap is rare in this corner of the market.
  • Delivers 2x EchoStar's daily move from an ordinary brokerage account: no margin agreement, no options chain, no overnight financing to manage yourself.leverageshares.com
  • One of the stronger builds among the hundreds of bull leveraged single-stock ETFs, helped by its low fee and steady trading.
  • 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

  • ECHX The 2x target resets every day. Hold through a choppy stretch and your result can drift well away from 2x the stock's move over that period.
  • One company, doubled. Spectrum deals, satellite news, and financing headlines hit this fund twice as hard, in both directions.marketscreener.com
  • Launched December 2025, and the name still says SATS. EchoStar's stock switched to the ECHO ticker in June 2026.marketscreener.com
  • 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 ECHX profile⁠

Full PANG profile⁠

ECHX vs PANG Holdings

How ECHX and PANG differ

Overlap by weight

8.4%

Shared holdings make up 11.7% of ECHX and 8.4% of PANG.

Level by level

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

Sector

No Sector split for ECHX and PANG.

Country, concentration and asset class

Country by domicile

Country weights in ECHX and PANG, widest gap first
CountryMore in ECHXMore in PANG
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • ECHX211.7%
  • PANG208.4%

Securities held

  • ECHX1
  • PANG1

Asset class

ECHX
Equity
PANG
Equity

Holdings

  • Only in ECHX0
  • In both1
  • Only in PANG0

Only in ECHX

0 securities, 0.0% of ECHX 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 ECHX and PANG, widest gap first
HoldingMore in ECHXMore in PANG
First American Treasury Obligations Fund 01/01/2040ECHX +3.25 points

All 6 ECHX 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.

ECHX vs PANG Cost

Overpaying PANG vs ECHX

$174

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

  • ECHX 0.75%

    $14,482

  • PANG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • ECHX 0.75%
  • 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 $14,656ECHX $14,482

Year by year

YearECHXPANGOverpaying
10$1,336$1,353$17
20$5,078$5,142$64
30$14,482$14,656$174

Expense ratio

  • 0.75%ECHX, cheaper
  • 0.76%PANG
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

ECHX 87th cheapest of 315 funds

PANG 131st cheapest of 315 funds

ECHX vs PANG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

ECHXAll ECHX 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

ECHX vs PANG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ECHX No dataPANG 128.2%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
ECHX No dataPANG 0.90since Apr 2025
Worst fallMax drawdown, 5 years
ECHX No dataPANG −62.4%since Mar 2025
Market sensitivityBeta, 5 years
ECHX 1.63PANG 3.32

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