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FUTG vs PANG

Leverage Shares 2x Long FUTU Daily ETF

FUTGBNasdaq

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Overlap

Expense ratio

FUTG −0.01pt a year

FUTG0.75%PANG0.76%

Avg volume · 30D

FUTG 18.5×the volume

FUTG827KPANG44.6K

FUTG vs PANG Performance

Oct 31, 2025 – Oct 30, 2026

−86.3%FUTG+91.6%PANG

Oct 31, 2025 to Oct 30, 2026. FUTG −86.3%. PANG +91.6%. Use the arrow keys to read each point.−50%0%50%150%Oct 2025Apr 2026Oct 2026
Expense ratio
FUTG 0.75%, better
PANG 0.76%
Fund size
FUTG $13M
PANG $9M
1Y total return
FUTG −86.3%
PANG +91.6%, better
Holdings
FUTG 4
PANG 4
Avg volume (30D)
FUTG 827K sh, better
PANG 44.6K sh
NAV per share
FUTG $3.05
PANG $31.31
52W range

ETF.net Grade

FUTG: Cost 70, Risk 36, Mission 67, Tradability 72, Holdings not scored, Durability 57. PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59.
Pillar letters and Scores for FUTG, PANG, with each pillar’s weight
PillarFUTGPANG
Cost30% weightA70A70
Mission25% weightB67A94Higher
Risk15% weightD36A74Higher
Tradability15% weightA72A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB57B59Higher

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. FUTG 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 FUTG 32nd 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 32BCRCGLeverage Shares 2x Long CRCL Daily ETFScore 61
  7. Rank 32BFUTGLeverage Shares 2x Long FUTU Daily ETFScore 61
  8. Rank 32BMETWRoundhill META WeeklyPay ETFScore 61

Our read on each fund

ETF.net Research

FUTGBLeverage Shares 2x Long FUTU Daily ETF

PANGALeverage Shares 2x Long PANW Daily ETF

In short

FUTG Leveraged single-stock ETFs mostly crowd around megacap tech. FUTG aims 2x daily leverage at a financials name instead, Futu (FUTU), and charges 0.75% a year to do it.

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

FUTG The Fund seeks daily investment results, before fees and expenses, corresponding to 200% of the daily performance of the FUTU underlying stock.

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

  • FUTG Targets 200% of FUTU's daily move in a plain ETF wrapper: no margin account, no options chain, no borrow to arrange.leverageshares.com
  • 0.75% a year undercuts the typical leveraged single-stock fund and matches the cheapest tier of the category, including Direxion's 2x bulls, which run higher.
  • A 1940 Act fund, not a note: daily holdings disclosure and standard ETF plumbing behind the leverage.leverageshares.com
  • Sits in the upper tier of a very crowded leveraged single-stock field on cost and ease of trading, and it changes hands actively despite a small asset base.
  • 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

  • FUTG The 2x target resets every day. Hold longer and your result can drift well away from twice FUTU's move, especially through choppy stretches.leverageshares.com
  • Leverage runs both directions: a down day in FUTU lands roughly twice as hard. The prospectus frames this as a position to monitor daily.leverageshares.com
  • Launched in late 2025 with a small asset base and no distributions so far, so there is limited history to judge it 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 FUTG profile⁠

Full PANG profile⁠

FUTG 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.

FUTG vs PANG Cost

Overpaying PANG vs FUTG

$174

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

  • FUTG 0.75%

    $14,482

  • PANG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • FUTG 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 $14,656FUTG $14,482

Year by year

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

Expense ratio

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

FUTG 87th cheapest of 315 funds

PANG 131st cheapest of 315 funds

FUTG vs PANG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

FUTGAll FUTG 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

FUTG vs PANG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
FUTG 92.6%since Nov 2025PANG 128.2%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
FUTG −1.48since Nov 2025PANG 0.90since Apr 2025
Worst fallMax drawdown, 5 years
FUTG −86.3%since Oct 2025PANG −62.4%since Mar 2025
Market sensitivityBeta, 5 years
FUTG 1.37PANG 3.32

Popular comparisons

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    Leverage Shares 2x Long FUTU 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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