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INTW vs PANG

GraniteShares 2x Long INTC Daily ETF

INTWCNasdaq

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Overlap

0.0%by weight

Expense ratio

PANG −0.79pt a year

INTW1.55%PANG0.76%

Avg volume · 30D

INTW 121.5×the volume

INTW5.42MPANG44.6K

INTW vs PANG Performance

Oct 31, 2025 – Oct 30, 2026

+11.3%INTW+91.6%PANG

Oct 31, 2025 to Oct 30, 2026. INTW +11.3%. PANG +91.6%. Use the arrow keys to read each point.200%400%600%Oct 2025Apr 2026Oct 2026
Expense ratio
INTW 1.55%
PANG 0.76%, better
Fund size
INTW $299M
PANG $9M
1Y total return
INTW +11.3%
PANG +91.6%, better
Holdings
INTW 2
PANG 4
Avg volume (30D)
INTW 5.42M sh, better
PANG 44.6K sh
NAV per share
INTW $17.69
PANG $31.31
52W range

ETF.net Grade

INTW: Cost 3, Risk 54, Mission 100, Tradability 94, Holdings not scored, Durability 82. PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59.
Pillar letters and Scores for INTW, PANG, with each pillar’s weight
PillarINTWPANG
Cost30% weightF3A70Higher
Mission25% weightA100HigherA94
Risk15% weightC54A74Higher
Tradability15% weightA94HigherA74
Holdings10% weightNot scoredNot scored
Durability5% weightA82HigherB59

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. INTW 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 INTW 118th 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 117CLNOKDaily Target 2X Long NOK ETFScore 42
  7. Rank 118CINTWGraniteShares 2x Long INTC Daily ETFScore 41
  8. Rank 118CMVLLGraniteShares 2x Long MRVL Daily ETFScore 41

Our read on each fund

ETF.net Research

INTWCGraniteShares 2x Long INTC Daily ETF

PANGALeverage Shares 2x Long PANW Daily ETF

In short

INTW Intel is Wall Street's loudest argument, and INTW is the geared way to take a one-day side: it aims for twice INTC's daily move, reset each morning. Cost is the trade-off, at 1.50% net of a waiver through December 31, 2026.

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

INTW The Fund seeks daily investment results equal to twice the daily percentage change of Intel Corp.'s common stock, 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

  • INTW Does what it says on the tin: since its February 2025 launch it has closely matched its 2x daily target, among the stronger implementations in its peer group.
  • Actively traded in a category full of thin tickers, with assets in the hundreds of millions. Liquidity matters most when the whole idea is a same-day position.
  • Twice the daily move, not three times, in an ETF wrapper: no margin account and no options chain to manage.graniteshares.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

  • INTW Fee is the trade-off: 1.50% net of a waiver through December 31, 2026 (1.85% gross), above the category median. Peers OKTG (0.75%) and TSMG (0.76%) charge less, with no waiver involved.
  • The 2x target resets daily. Hold longer and compounding takes over, so a multi-week result can differ sharply from twice Intel's move over the same stretch.graniteshares.com
  • One stock, one story: an earnings miss or guidance cut lands with double the force, and there is no diversification to soften it. The record is barely a year deep.
  • 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 INTW profile⁠

Full PANG profile⁠

INTW vs PANG Holdings

How INTW and PANG differ

Overlap by weight

0.0%

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

Level by level

  • Asset classLeveraged/Inverse, Equity0.0%
  • Holdings0 in both0.0%
  • Countryby domicile100%

Sector

No Sector split for PANG.

Country, concentration and asset class

Country by domicile

Country weights in INTW and PANG, widest gap first
CountryMore in INTWMore in PANG
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • INTW100.0%
  • PANG208.4%

Securities held

  • INTW1
  • PANG1

Asset class

INTW
Leveraged/Inverse
PANG
Equity

Holdings

  • Only in INTW1
  • In both0
  • Only in PANG1

Only in INTW

1 security, 66.7% of INTW by weight

  • Intc66.67%

Only in PANG

1 security, 8.4% of PANG by weight

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

Weight gaps

INTW and PANG share no securities.

All 2 INTW 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.

INTW vs PANG Cost

Overpaying INTW vs PANG

$12,331

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

  • INTW 1.55%

    $26,987

  • PANG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • INTW 1.55%
  • PANG 0.76%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530INTW $26,987PANG $14,656

Year by year

YearINTWPANGOverpaying
10$2,671$1,353$1,318
20$9,795$5,142$4,653
30$26,987$14,656$12,331

Expense ratio

  • 1.55%INTW
  • 0.76%PANG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

PANG 131st cheapest of 315 funds

INTW 304th cheapest of 315 funds

INTW vs PANG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

INTWAll INTW 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

INTW vs PANG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
INTW 278.9%since Mar 2025PANG 128.2%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
INTW 0.94since Mar 2025PANG 0.90since Apr 2025
Worst fallMax drawdown, 5 years
INTW −85.7%since Feb 2025PANG −62.4%since Mar 2025
Market sensitivityBeta, 5 years
INTW 4.26PANG 3.32

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