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MRVU vs PANG

Direxion Daily MRVL Bull 2X ETF

MRVUBNasdaq

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Overlap

Expense ratio

PANG −0.21pt a year

MRVU0.97%PANG0.76%

Avg volume · 30D

MRVU 4.2×the volume

MRVU187KPANG44.6K

MRVU vs PANG Performance

Jul 31, 2026 – Nov 2, 2026

−32.1%MRVU−1.5%PANG

Jul 31, 2026 to Nov 2, 2026. MRVU −32.1%. PANG −1.5%. Use the arrow keys to read each point.25%50%75%100%Jul 2026Sep 2026Nov 2026
Expense ratio
MRVU 0.97%
PANG 0.76%, better
Fund size
MRVU $66M
PANG $9M
1Y total return
MRVU No data
PANG +76.3%
Holdings
MRVU 11
PANG 4
Avg volume (30D)
MRVU 187K sh, better
PANG 44.6K sh
NAV per share
MRVU $75.04
PANG $31.31
52W range

ETF.net Grade

MRVU: Cost 54, Risk 59, Mission 95, Tradability 61, Holdings not scored, Durability 71. PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59.
Pillar letters and Scores for MRVU, PANG, with each pillar’s weight
PillarMRVUPANG
Cost30% weightC54A70Higher
Mission25% weightA95HigherA94
Risk15% weightB59A74Higher
Tradability15% weightB61A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA71HigherB59

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. MRVU 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 MRVU 54th 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 54BHUTGLeverage Shares 2X Long HUT Daily ETFScore 58
  7. Rank 54BMRVUDirexion Daily MRVL Bull 2X ETFScore 58
  8. Rank 57BCBRGLeverage Shares 2X Long CBRS Daily ETFScore 57

Our read on each fund

ETF.net Research

MRVUBDirexion Daily MRVL Bull 2X ETF

PANGALeverage Shares 2x Long PANW Daily ETF

In short

MRVU 2x Marvell's daily move in a single ticker, from the house that built the daily leveraged ETF playbook. The fee runs 0.97% net of a waiver through September 1, 2027, undercutting the rival 2x Marvell fund.

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

MRVU The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of Marvell Technology, Inc.'s 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

  • MRVU 0.97% net of a waiver through September 1, 2027 (0.99% gross). Near the category median, and far under MVLL at 1.50% net of a waiver through December 31, 2026 (2.52% gross).
  • Closely tracks its 200% daily target, one of the stronger implementations in the leveraged single-stock bull pack.
  • Geared MRVL exposure in one ticker: no margin account, no options chain, no financing leg to roll yourself.direxion.com
  • Moderately traded with a mid-size asset base, so retail-size orders are not fighting for air.
  • 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

  • MRVU Daily reset compounds. Direxion says the fund should not be expected to track MRVL over periods longer than one day, and it can lose money even if MRVL rises over a longer stretch.direxion.com
  • Everything rides on one data-infrastructure chipmaker. Marvell's earnings gaps and AI news flow land here at double speed.marvell.com
  • Launched February 2026, so the record is short, and the fee can step to the 0.99% gross rate once the waiver ends September 1, 2027.
  • 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 MRVU profile⁠

Full PANG profile⁠

MRVU 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.

MRVU vs PANG Cost

Overpaying MRVU vs PANG

$3,542

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

  • MRVU 0.97%

    $18,198

  • PANG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • MRVU 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$20K051015202530MRVU $18,198PANG $14,656

Year by year

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

Expense ratio

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

PANG 131st cheapest of 315 funds

MRVU 156th cheapest of 315 funds

MRVU vs PANG Dividends

Last 12 months to Nov 2, 2026
Last payment
MRVU $0.38
PANG $1.30
Ex-dividend
MRVU Sep 22, 2026
PANG Dec 30, 2025
Paid on
MRVU Sep 29, 2026
PANG Jan 2, 2026
Frequency
MRVU Quarterly
PANG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

MRVUQuarterly · 3 paymentsAll MRVU payments⁠
One bar per payment. 3 payments from 2025 to 2026 YTD. Mar 24, 2026 $0.05; Jun 23, 2026 $0.35; Sep 22, 2026 $0.38. 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

MRVU vs PANG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
MRVU No dataPANG 128.2%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
MRVU No dataPANG 0.90since Apr 2025
Worst fallMax drawdown, 5 years
MRVU No dataPANG −62.4%since Mar 2025
Market sensitivityBeta, 5 years
MRVU 8.08PANG 3.32

Popular comparisons

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    Expense ratio
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