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METU vs PANG

Direxion Daily META Bull 2X ETF

METUBNasdaq

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Overlap

Expense ratio

PANG −0.26pt a year

METU1.02%PANG0.76%

Avg volume · 30D

METU 131.2×the volume

METU5.85MPANG44.6K

METU vs PANG Performance

Oct 31, 2025 – Oct 30, 2026

−31.1%METU+91.6%PANG

Oct 31, 2025 to Oct 30, 2026. METU −31.1%. PANG +91.6%. Use the arrow keys to read each point.0%50%150%Oct 2025Apr 2026Oct 2026
Expense ratio
METU 1.02%
PANG 0.76%, better
Fund size
METU $373M
PANG $9M
1Y total return
METU −31.1%
PANG +91.6%, better
Yield (12M)
METU 3.84%
PANG No data
Holdings
METU 10
PANG 4
Avg volume (30D)
METU 5.85M sh, better
PANG 44.6K sh
NAV per share
METU $22.25
PANG $31.31
52W range

ETF.net Grade

METU: Cost 44, Risk 71, Mission 100, Tradability 75, Holdings not scored, Durability 86. PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59.
Pillar letters and Scores for METU, PANG, with each pillar’s weight
PillarMETUPANG
Cost30% weightC44A70Higher
Mission25% weightA100HigherA94
Risk15% weightA71A74Higher
Tradability15% weightA75HigherA74
Holdings10% weightNot scoredNot scored
Durability5% weightA86HigherB59

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. METU 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 METU 37th 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 37BIREGLeverage Shares 2x Long IREN Daily ETFScore 60
  7. Rank 37BMETUDirexion Daily META Bull 2X ETFScore 60
  8. Rank 37CUNHUDirexion Daily UNH Bull 2X ETFScore 60

Our read on each fund

ETF.net Research

METUBDirexion Daily META Bull 2X ETF

PANGALeverage Shares 2x Long PANW Daily ETF

In short

METU Meta Platforms at double speed: METU aims for 200% of the stock's daily move, then resets every night. It's one of only two US ETFs built on that trade, and one of the busiest names in the leveraged single-stock aisle.

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

METU The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of Meta Platforms, Inc. common shares.

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

  • METU Clean mandate: 200% of Meta's daily move before fees, and it has tracked that target closely inside a cohort of 200-plus leveraged single-stock funds.direxion.com
  • Very actively traded, which keeps execution workable for a product designed to be entered and exited on short horizons.
  • At 1.02% a year it undercuts FBL, the other 2x META fund, and lands right at the typical fee for leveraged single-stock ETFs.
  • 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

  • METU The 2x target resets daily. Hold longer and compounding takes over, so a choppy stretch can leave results far from twice Meta's move for the period.direxion.com
  • One stock, no cushion. An earnings miss, an ad-market wobble or a regulatory headline at Meta lands with double force.
  • Launched in 2024, so the track record spans a short run of market conditions, and the 1.02% fee is steep next to plain index funds.
  • 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 METU profile⁠

Full PANG profile⁠

METU 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.

METU vs PANG Cost

Overpaying METU vs PANG

$4,356

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

  • METU 1.02%

    $19,012

  • PANG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • METU 1.02%
  • 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$20K051015202530METU $19,012PANG $14,656

Year by year

YearMETUPANGOverpaying
10$1,797$1,353$444
20$6,746$5,142$1,604
30$19,012$14,656$4,356

Expense ratio

  • 1.02%METU
  • 0.76%PANG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

PANG 131st cheapest of 315 funds

METU 199th cheapest of 315 funds

METU vs PANG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
METU 3.84%
PANG No data
Payout (12M)
METU $0.83
PANG No data
Last payment
METU $0.17
PANG $1.30
Ex-dividend
METU Sep 22, 2026
PANG Dec 30, 2025
Paid on
METU Sep 29, 2026
PANG Jan 2, 2026
Frequency
METU Quarterly
PANG Irregular

Distribution history

Per share, 2024 to 2026, same scale for both

METUQuarterly · 11 paymentsAll METU payments⁠
One bar per payment. 11 payments from 2024 to 2026 YTD. Jun 25, 2024 $0.02; Sep 24, 2024 $0.19; Dec 23, 2024 $0.26; Mar 25, 2025 $0.17; Jun 24, 2025 $0.25; Sep 23, 2025 $0.22; Dec 10, 2025 $0.11; Dec 23, 2025 $0.21; Mar 24, 2026 $0.19; Jun 23, 2026 $0.14; Sep 22, 2026 $0.17. Use the arrow keys to read each point.$0$12026YTD
PANGIrregular · 1 paymentAll PANG payments⁠
One bar per payment. 1 payment from 2024 to 2026 YTD. Dec 30, 2025 $1.30. Use the arrow keys to read each point.$0$12026YTD

METU vs PANG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
METU 73.1%since Jul 2024PANG 128.2%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
METU 0.17since Jul 2024PANG 0.90since Apr 2025
Worst fallMax drawdown, 5 years
METU −63.9%since Jun 2024PANG −62.4%since Mar 2025
Market sensitivityBeta, 5 years
METU 3.23PANG 3.32

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