Skip to content
etf.net

FIGG vs PANG

Leverage Shares 2x Long FIG Daily ETF

FIGGBNasdaq

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Overlap

Expense ratio

FIGG −0.01pt a year

FIGG0.75%PANG0.76%

Avg volume · 30D

FIGG 3.3×the volume

FIGG145KPANG44.6K

FIGG vs PANG Performance

Oct 31, 2025 – Nov 2, 2026

−90.6%FIGG+76.3%PANG

Oct 31, 2025 to Nov 2, 2026. FIGG −90.6%. PANG +76.3%. Use the arrow keys to read each point.−50%0%150%Oct 2025May 2026Nov 2026
Expense ratio
FIGG 0.75%, better
PANG 0.76%
Fund size
FIGG $9M
PANG $9M
1Y total return
FIGG −90.6%
PANG +76.3%, better
Holdings
FIGG 5
PANG 4
Avg volume (30D)
FIGG 145K sh, better
PANG 44.6K sh
NAV per share
FIGG $15.62
PANG $31.31
52W range

ETF.net Grade

FIGG: Cost 70, Risk 33, Mission 98, Tradability 66, Holdings not scored, Durability 55. PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59.
Pillar letters and Scores for FIGG, PANG, with each pillar’s weight
PillarFIGGPANG
Cost30% weightA70A70
Mission25% weightA98HigherA94
Risk15% weightD33A74Higher
Tradability15% weightB66A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB55B59Higher

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. FIGG 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 FIGG 42nd 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 42BFBLGraniteShares 2x Long META Daily ETFScore 59
  7. Rank 42BFIGGLeverage Shares 2x Long FIG Daily ETFScore 59
  8. Rank 42BHOOXDaily Target 2X Long HOOD ETFScore 59

Our read on each fund

ETF.net Research

FIGGBLeverage Shares 2x Long FIG Daily ETF

PANGALeverage Shares 2x Long PANW Daily ETF

In short

FIGG One ticker, two times Figma's daily move. FIGG rebuilds that exposure every trading day and charges 0.75%, less than the 2x single-stock crowd typically asks.

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

FIGG The Fund seeks daily returns, before fees and expenses, equal to two times the daily percentage change in the price of FIG common stock. It is intended as a short-term trading vehicle and does not target its multiple over periods other than one 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

  • FIGG Charges 0.75%, under the typical fee for 2x single-stock funds and level with the cheapest of the group (UNHG, ASMG, AMDG sit at the same rate).leverageshares.com
  • Does its stated job closely: two times the daily percentage change in FIG stock, before fees and expenses.leverageshares.com
  • One of the stronger implementations in a crowded field of bull single-stock leveraged funds.
  • Geared Figma exposure in a 1940 Act fund wrapper, no margin account or options chain required.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

  • FIGG The leverage resets daily. Hold longer and results can drift far from 2x the stock's move; the prospectus calls it a short-term trading vehicle.leverageshares.com
  • One stock carries the entire fund, doubled. No basket underneath to soften a rough day at Figma.
  • A 2025 launch that trades moderately rather than heavily, so spreads can run wider than the mega-cap-linked leveraged funds.
  • 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 FIGG profile⁠

Full PANG profile⁠

FIGG 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.

FIGG vs PANG Cost

Overpaying PANG vs FIGG

$174

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

  • FIGG 0.75%

    $14,482

  • PANG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • FIGG 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 $14,656FIGG $14,482

Year by year

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

Expense ratio

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

FIGG 87th cheapest of 315 funds

PANG 131st cheapest of 315 funds

FIGG vs PANG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

FIGGAll FIGG 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

FIGG vs PANG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
FIGG 171.2%since Nov 2025PANG 128.2%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
FIGG −0.54since Nov 2025PANG 0.90since Apr 2025
Worst fallMax drawdown, 5 years
FIGG −95.8%since Oct 2025PANG −62.4%since Mar 2025
Market sensitivityBeta, 5 years
FIGG 2.77PANG 3.32

Popular comparisons

  • FIGGBvsTSMGA

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

    Expense ratio
    0.75% · 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.

  • FIGGBvsUNHGA

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

    Expense ratio
    0.75% · 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.

  • FIGGBvsOKTGA

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

    Expense ratio
    0.75% · 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.