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FLYT vs PANG

Tradr 2X Long FLY Daily ETF

FLYTDCboe

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Overlap

Expense ratio

PANG −0.54pt a year

FLYT1.30%PANG0.76%

Avg volume · 30D

FLYT 4.4×the volume

FLYT198KPANG44.6K

FLYT vs PANG Performance

Oct 31, 2025 – Oct 30, 2026

−85.4%FLYT+91.6%PANG

Oct 31, 2025 to Oct 30, 2026. FLYT −85.4%. PANG +91.6%. Use the arrow keys to read each point.−50%0%50%150%Oct 2025Apr 2026Oct 2026
Expense ratio
FLYT 1.30%
PANG 0.76%, better
Fund size
FLYT $6M
PANG $9M
1Y total return
FLYT −85.4%
PANG +91.6%, better
Holdings
FLYT 2
PANG 4
Avg volume (30D)
FLYT 198K sh, better
PANG 44.6K sh
NAV per share
FLYT $3.08
PANG $31.31
52W range

ETF.net Grade

FLYT: Cost 32, Risk 33, Mission 93, Tradability 54, Holdings not scored, Durability 54. PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59.
Pillar letters and Scores for FLYT, PANG, with each pillar’s weight
PillarFLYTPANG
Cost30% weightD32A70Higher
Mission25% weightA93A94Higher
Risk15% weightD33A74Higher
Tradability15% weightC54A74Higher
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. FLYT 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 FLYT 252nd 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 249CRBLUT-Rex 2X Long RBLX Daily Target ETFScore 39
  7. Rank 252DFLYTTradr 2X Long FLY Daily ETFScore 38
  8. Rank 252DIONXDefiance Daily Target 2X Long IONQ ETFScore 38

Our read on each fund

ETF.net Research

FLYTDTradr 2X Long FLY Daily ETF

PANGALeverage Shares 2x Long PANW Daily ETF

In short

FLYT Most single-stock leveraged funds crowd around mega-caps. FLYT aims 2x daily leverage at Firefly Aerospace, a newly public rocket maker, using swaps, options or the shares themselves. It resets every day, so it is built for short holding periods.

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

FLYT The Fund seeks daily investment results, before fees and expenses, corresponding to two times the daily performance of Firefly Aerospace common shares. It targets that result for a single trading day and uses swaps, options, and/or direct stock investment.

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

  • FLYT Narrow job, cleanly done: two times FLY's daily move before fees, via swaps, options or direct shares. Tracking to that daily target has been tight versus peers.tradretfs.com
  • Unusual underlying. Leveraged single-stock ETFs mostly sit on mega-caps (AAPU on Apple, GGLL on Alphabet). FLYT points the same machinery at a small space-launch name.
  • Registered 1940 Act ETF: intraday trading, a stated daily objective and standard fund oversight wrapped around an otherwise hard-to-lever position.tradretfs.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

  • FLYT Fee runs 1.30% a year, above the typical 2x single-stock fund. Peers like UNHG and ASMG charge meaningfully less for the same daily-leverage mechanic.
  • The 2x target resets daily. Hold past one session and compounding takes over, so multi-day results can diverge sharply from twice FLY's move over that stretch.
  • Launched in 2025 with a small asset base and moderate turnover, which can mean wider spreads than the category's biggest names.
  • 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 FLYT profile⁠

Full PANG profile⁠

FLYT 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.

FLYT vs PANG Cost

Overpaying FLYT vs PANG

$8,713

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

  • FLYT 1.30%

    $23,369

  • PANG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • FLYT 1.30%
  • 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$15K$20K$25K051015202530FLYT $23,369PANG $14,656

Year by year

YearFLYTPANGOverpaying
10$2,263$1,353$910
20$8,393$5,142$3,251
30$23,369$14,656$8,713

Expense ratio

  • 1.30%FLYT
  • 0.76%PANG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

PANG 131st cheapest of 315 funds

FLYT 229th cheapest of 315 funds

FLYT vs PANG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

FLYTAll FLYT 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

FLYT vs PANG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
FLYT 173.2%since Nov 2025PANG 128.2%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
FLYT −0.16since Nov 2025PANG 0.90since Apr 2025
Worst fallMax drawdown, 5 years
FLYT −95.0%since Oct 2025PANG −62.4%since Mar 2025
Market sensitivityBeta, 5 years
FLYT 2.05PANG 3.32

Popular comparisons

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    Tradr 2X Long FLY Daily ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
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    Category
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  • PANGAvsTSMGA

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