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GLWG vs PANG

Leverage Shares 2X Long GLW Daily ETF

GLWGBNasdaq

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Overlap

Expense ratio

GLWG −0.01pt a year

GLWG0.75%PANG0.76%

Avg volume · 30D

GLWG 32.4×the volume

GLWG1.45MPANG44.6K

GLWG vs PANG Performance

Jul 31, 2026 – Nov 2, 2026

−31.9%GLWG−1.5%PANG

Jul 31, 2026 to Nov 2, 2026. GLWG −31.9%. PANG −1.5%. Use the arrow keys to read each point.−20%20%40%Jul 2026Sep 2026Nov 2026
Expense ratio
GLWG 0.75%, better
PANG 0.76%
Fund size
GLWG $76M
PANG $9M
1Y total return
GLWG No data
PANG +76.3%
Holdings
GLWG 4
PANG 4
Avg volume (30D)
GLWG 1.45M sh, better
PANG 44.6K sh
NAV per share
GLWG $8.09
PANG $31.31
52W range

ETF.net Grade

GLWG: Cost 70, Risk 51, Mission 84, Tradability 86, Holdings not scored, Durability 59. PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59.
Pillar letters and Scores for GLWG, PANG, with each pillar’s weight
PillarGLWGPANG
Cost30% weightA70A70
Mission25% weightA84A94Higher
Risk15% weightC51A74Higher
Tradability15% weightA86HigherA74
Holdings10% weightNot scoredNot scored
Durability5% weightB59B59

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. GLWG 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 GLWG 8th 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 8BAAPUDirexion Daily AAPL Bull 2X SharesScore 68
  7. Rank 8BGLWGLeverage Shares 2X Long GLW Daily ETFScore 68
  8. Rank 8BSKHXLeverage Shares 2X Long SK Hynix Daily ETFScore 68

Our read on each fund

ETF.net Research

GLWGBLeverage Shares 2X Long GLW Daily ETF

PANGALeverage Shares 2x Long PANW Daily ETF

In short

GLWG Two times Corning's daily move, in a wrapper that can't margin-call you. GLWG aims for 200% of GLW's daily return, pointing leverage at the fiber-and-glass supplier behind data centers rather than the usual megacap chip name.

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

GLWG The Fund seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of GLW.

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

  • GLWG Charges 0.75% a year, below the typical leveraged single-stock fund and below the 0.96% on Direxion's 2x bull products like AAPU and GGLL.leverageshares.com
  • Leverage without a margin account: swap exposure backed by US Treasuries, losses capped at what you put in, no broker demanding more cash.leverageshares.comleverageshares.com 2
  • A 2x wrapper on Corning, the optical-fiber and Gorilla Glass maker, instead of another crowded megacap ticker. Lists on Nasdaq and trades like a stock.leverageshares.comcorning.com
  • Sits in the upper tier of a very crowded 2x single-stock bull group, helped by cost and consistent trading activity.
  • 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

  • GLWG Resets daily. Hold longer than a day and compounding takes over: a choppy but flat GLW can still leave the fund lower.leverageshares.com
  • One stock, doubled. Display demand, data-center orders and a single earnings date drive the whole thing, with no diversification cushion.corning.com
  • Launched in March 2026, so the history is short, and it makes no distributions. This is an exposure tool, not an income one.leverageshares.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 GLWG profile⁠

Full PANG profile⁠

GLWG 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.

GLWG vs PANG Cost

Overpaying PANG vs GLWG

$174

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

  • GLWG 0.75%

    $14,482

  • PANG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • GLWG 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 $14,656GLWG $14,482

Year by year

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

Expense ratio

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

GLWG 87th cheapest of 315 funds

PANG 131st cheapest of 315 funds

GLWG vs PANG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

GLWGAll GLWG 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

GLWG vs PANG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
GLWG No dataPANG 128.2%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
GLWG No dataPANG 0.90since Apr 2025
Worst fallMax drawdown, 5 years
GLWG No dataPANG −62.4%since Mar 2025
Market sensitivityBeta, 5 years
GLWG 2.54PANG 3.32

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