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HIMZ vs PANG

Daily Target 2X Long HIMS ETF

HIMZDNasdaq

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Overlap

0.0%by weight

Expense ratio

PANG −0.57pt a year

HIMZ1.33%PANG0.76%

Avg volume · 30D

HIMZ 7.9×the volume

HIMZ353KPANG44.6K

HIMZ vs PANG Performance

Oct 31, 2025 – Oct 30, 2026

−87.4%HIMZ+91.6%PANG

Oct 31, 2025 to Oct 30, 2026. HIMZ −87.4%. PANG +91.6%. Use the arrow keys to read each point.−50%0%50%150%Oct 2025Apr 2026Oct 2026
Expense ratio
HIMZ 1.33%
PANG 0.76%, better
Fund size
HIMZ $52M
PANG $9M
1Y total return
HIMZ −87.4%
PANG +91.6%, better
Holdings
HIMZ 10
PANG 4
Avg volume (30D)
HIMZ 353K sh, better
PANG 44.6K sh
NAV per share
HIMZ $22.37
PANG $31.31
52W range

ETF.net Grade

HIMZ: Cost 22, Risk 35, Mission 99, Tradability 69, Holdings not scored, Durability 76. PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59.
Pillar letters and Scores for HIMZ, PANG, with each pillar’s weight
PillarHIMZPANG
Cost30% weightF22A70Higher
Mission25% weightA99HigherA94
Risk15% weightD35A74Higher
Tradability15% weightB69A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA76HigherB59

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. HIMZ 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 HIMZ 249th 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 249DAPPXTradr 2X Long APP Daily ETFScore 39
  7. Rank 249DHIMZDaily Target 2X Long HIMS ETFScore 39
  8. Rank 249CRBLUT-Rex 2X Long RBLX Daily Target ETFScore 39

Our read on each fund

ETF.net Research

HIMZDDaily Target 2X Long HIMS ETF

PANGALeverage Shares 2x Long PANW Daily ETF

In short

HIMZ Two times the daily move in Hims & Hers, wrapped in one ticker. Defiance builds it with swaps and options and resets it every day, so it's a one-session tool, and the 1.33% fee (no waiver) sits above the single-stock leverage crowd.

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

HIMZ The Fund seeks 2x the daily percentage change in Hims & Hers Health Inc.'s share price before fees and expenses. It uses swaps and/or listed options and targets this result only for a single 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

  • HIMZ Does one thing on purpose: targets 2x the daily percentage change in HIMS before fees, using swaps and listed options, for a single trading day.defianceetfs.com
  • Day-to-day results have lined up closely with that stated 2x target, which is the entire job of a daily-reset fund.
  • Listed in March 2025 and moderately traded since, so there's an operating history and a working two-way market behind the ticker, not a day-one listing.
  • 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

  • HIMZ At 1.33%, with no fee waiver in place, it costs more than newer 2x single-stock funds such as TSMG (0.76%) and OKTG (0.75%), and sits above the category median.
  • The 2x target applies to one trading day only. Hold longer and your result is each day's return compounded, which can land far from 2x the period move.
  • Everything rides on one company's share price, and the measured risk record so far covers only about a year of trading.
  • 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 HIMZ profile⁠

Full PANG profile⁠

HIMZ vs PANG Holdings

How HIMZ and PANG differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of HIMZ and 0.0% of PANG.

Level by level

  • Holdings0 in both0.0%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

No Sector split for PANG.

Country, concentration and asset class

Country by domicile

Country weights in HIMZ and PANG, widest gap first
CountryMore in HIMZMore in PANG
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • HIMZ283.9%
  • PANG208.4%

Securities held

  • HIMZ3
  • PANG1

Asset class

HIMZ
Equity
PANG
Equity

Holdings

  • Only in HIMZ3
  • In both0
  • Only in PANG1

Only in HIMZ

3 securities, 100% of HIMZ by weight

  • United States Treasury Bill 11/19/202681.33%
  • Hims & Hers Health Inc Com? Cs32.91%
  • First American Government Obligations Fund 12/01/20312.22%

Only in PANG

1 security, 8.4% of PANG by weight

  • First American Treasury Obligations Fund 01/01/20408.43%

Weight gaps

HIMZ and PANG share no securities.

All 11 HIMZ 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.

HIMZ vs PANG Cost

Overpaying HIMZ vs PANG

$9,161

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

  • HIMZ 1.33%

    $23,817

  • PANG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • HIMZ 1.33%
  • 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$25K051015202530HIMZ $23,817PANG $14,656

Year by year

YearHIMZPANGOverpaying
10$2,313$1,353$960
20$8,564$5,142$3,422
30$23,817$14,656$9,161

Expense ratio

  • 1.33%HIMZ
  • 0.76%PANG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

PANG 131st cheapest of 315 funds

HIMZ 248th cheapest of 315 funds

HIMZ vs PANG Dividends

Last 12 months to Oct 30, 2026
Last payment
HIMZ $1.97
PANG $1.30
Ex-dividend
HIMZ Dec 30, 2025
PANG Dec 30, 2025
Paid on
HIMZ Dec 31, 2025
PANG Jan 2, 2026
Frequency
HIMZ Irregular
PANG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

HIMZIrregular · 1 paymentAll HIMZ payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $1.97. Use the arrow keys to read each point.$0$22026YTD
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$22026YTD

HIMZ vs PANG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
HIMZ 208.0%since Apr 2025PANG 128.2%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
HIMZ 0.24since Apr 2025PANG 0.90since Apr 2025
Worst fallMax drawdown, 5 years
HIMZ −98.2%since Mar 2025PANG −62.4%since Mar 2025
Market sensitivityBeta, 5 years
HIMZ 4.11PANG 3.32

Popular comparisons

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