MRAL vs PANG

MRALDGraniteShares 2x Long MARA Daily ETF

PANGALeverage Shares 2x Long PANW Daily ETF

In short

MRAL Two times the daily move of MARA Holdings, a bitcoin miner whose shares already travel in big steps, built from swaps that reset each afternoon. GraniteShares rates it top of its own risk scale and aims it at single-day holds.

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

MRAL The fund seeks to deliver twice the daily return of MARA Holdings Corporation for active traders seeking amplified short-term exposure.

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

• MRAL Mechanically plain: total-return swaps supply about 200% notional MARA exposure, collateralized by cash and Treasury bills, no margin account or options chain on your end.graniteshares.com
• A 1940 Act ETF that trades like a stock, so the leverage lives inside the fund and sits in an ordinary brokerage account rather than on borrowed money in yours.graniteshares.com
• GraniteShares is blunt about the job: top of its own 5-point risk scale, for sophisticated investors who actively monitor positions and hold for very short periods.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

• MRAL 1.50% net of a waiver through December 31, 2026 (1.93% gross), above the category median; the best-rated 2x single-stock funds, such as OKTG at 0.75%, charge far less.
• Daily reset means path matters. Held longer than a day, a choppy stretch in MARA can leave the fund's return well short of twice the stock's move over that span.graniteshares.com
• A niche fund that trades in moderate size rather than a category flagship, so spreads and limit orders are worth a look.

• 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 MRAL profile⁠

Full PANG profile⁠