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HODU vs PANG

Direxion Daily HOOD Bull 2X ETF

HODUCNasdaq

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Overlap

Expense ratio

PANG −0.21pt a year

HODU0.97%PANG0.76%

Avg volume · 30D

HODU 3.3×the volume

HODU149KPANG44.6K

HODU vs PANG Performance

Dec 31, 2025 – Oct 30, 2026

−67.2%HODU+183.4%PANG

Dec 31, 2025 to Oct 30, 2026. HODU −67.2%. PANG +183.4%. Use the arrow keys to read each point.0%100%300%Dec 2025Jun 2026Oct 2026
Expense ratio
HODU 0.97%
PANG 0.76%, better
Fund size
HODU $9M
PANG $9M
1Y total return
HODU No data
PANG +91.6%
Holdings
HODU 10
PANG 4
Avg volume (30D)
HODU 149K sh, better
PANG 44.6K sh
NAV per share
HODU $8.53
PANG $31.31
52W range

ETF.net Grade

HODU: Cost 54, Risk 46, Mission 97, Tradability 41, Holdings not scored, Durability 64. PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59.
Pillar letters and Scores for HODU, PANG, with each pillar’s weight
PillarHODUPANG
Cost30% weightC54A70Higher
Mission25% weightA97HigherA94
Risk15% weightC46A74Higher
Tradability15% weightC41A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB64HigherB59

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. HODU 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 HODU 84th 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 84CBOEUDirexion Daily BA Bull 2X ETFScore 50
  7. Rank 84CHODUDirexion Daily HOOD Bull 2X ETFScore 50
  8. Rank 84CMSFXT-Rex 2X Long Microsoft Daily Target ETFScore 50

Our read on each fund

ETF.net Research

HODUCDirexion Daily HOOD Bull 2X ETF

PANGALeverage Shares 2x Long PANW Daily ETF

In short

HODU Two times Robinhood's daily move, reset every single day. Direxion's HOOD bull fund is a short-hold trading instrument rather than a stake in the company, and it has stayed close to that daily target since its 2025 launch.

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

HODU The fund seeks daily investment results equal to 200% of the performance of Robinhood Markets, Inc. common shares, before fees and expenses.

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

  • HODU Does one job: 200% of HOOD's daily move, before fees. It has tracked that daily target closely, placing it in the upper tier of hundreds of leveraged single-stock funds.direxion.com
  • Costs 0.97% net of a waiver through September 1, 2027 (0.99% gross), near the median fee for leveraged single-stock funds.
  • Comes from Direxion, where daily-reset leverage is the core business; HODU arrived in a 2025 batch alongside the firm's Coinbase, Oracle and Intel single-stock funds.direxion.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

  • HODU The 2X objective resets daily. Hold for weeks and the result follows the path HOOD took, not just where it landed; choppy stretches can grind the position down.direxion.com
  • The same 2x daily HOOD exposure exists cheaper: HOOX charges 0.68%, with no waiver propping up that number.
  • One company, doubled. A single earnings print or regulatory headline drives the whole position, and this is a young, smaller fund that only launched in late 2025.
  • 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 HODU profile⁠

Full PANG profile⁠

HODU 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.

HODU vs PANG Cost

Overpaying HODU vs PANG

$3,542

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

  • HODU 0.97%

    $18,198

  • PANG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • HODU 0.97%
  • 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$20K051015202530HODU $18,198PANG $14,656

Year by year

YearHODUPANGOverpaying
10$1,712$1,353$359
20$6,443$5,142$1,301
30$18,198$14,656$3,542

Expense ratio

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

PANG 131st cheapest of 315 funds

HODU 156th cheapest of 315 funds

HODU vs PANG Dividends

Last 12 months to Oct 30, 2026
Last payment
HODU $0.04
PANG $1.30
Ex-dividend
HODU Sep 22, 2026
PANG Dec 30, 2025
Paid on
HODU Sep 29, 2026
PANG Jan 2, 2026
Frequency
HODU Quarterly
PANG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

HODUQuarterly · 4 paymentsAll HODU payments⁠
One bar per payment. 4 payments from 2025 to 2026 YTD. Dec 23, 2025 $0.07; Mar 24, 2026 $0.07; Jun 23, 2026 $0.06; Sep 22, 2026 $0.04. Use the arrow keys to read each point.$0$12026YTD
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

HODU vs PANG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
HODU No dataPANG 128.2%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
HODU No dataPANG 0.90since Apr 2025
Worst fallMax drawdown, 5 years
HODU No dataPANG −62.4%since Mar 2025
Market sensitivityBeta, 5 years
HODU 3.74PANG 3.32

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