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MSFL vs PANG

GraniteShares 2x Long MSFT Daily ETF

MSFLBNasdaq

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Overlap

Expense ratio

PANG −0.39pt a year

MSFL1.15%PANG0.76%

Avg volume · 30D

MSFL 31.1×the volume

MSFL1.39MPANG44.6K

MSFL vs PANG Performance

Oct 31, 2025 – Oct 30, 2026

−15.1%MSFL+91.6%PANG

Oct 31, 2025 to Oct 30, 2026. MSFL −15.1%. PANG +91.6%. Use the arrow keys to read each point.−50%50%150%Oct 2025Apr 2026Oct 2026
Expense ratio
MSFL 1.15%
PANG 0.76%, better
Fund size
MSFL $60M
PANG $9M
1Y total return
MSFL −15.1%
PANG +91.6%, better
Holdings
MSFL 2
PANG 4
Avg volume (30D)
MSFL 1.39M sh, better
PANG 44.6K sh
NAV per share
MSFL $27.74
PANG $31.31
52W range

ETF.net Grade

MSFL: Cost 38, Risk 59, Mission 80, Tradability 96, Holdings not scored, Durability 80. PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59.
Pillar letters and Scores for MSFL, PANG, with each pillar’s weight
PillarMSFLPANG
Cost30% weightD38A70Higher
Mission25% weightA80A94Higher
Risk15% weightB59A74Higher
Tradability15% weightA96HigherA74
Holdings10% weightNot scoredNot scored
Durability5% weightA80HigherB59

Rank among Single-Stock Long Leveraged funds

Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. MSFL 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 MSFL 44th 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 44BHPELLeverage Shares 2X Long HPE Daily ETFScore 59
  7. Rank 44BMSFLGraniteShares 2x Long MSFT Daily ETFScore 59
  8. Rank 44BMUUDirexion Daily MU Bull 2X ETFScore 59

Our read on each fund

ETF.net Research

MSFLBGraniteShares 2x Long MSFT Daily ETF

PANGALeverage Shares 2x Long PANW Daily ETF

In short

MSFL A one-day trading tool, not a way to own Microsoft: it aims to double MSFT's daily move, then resets every evening. Costs 1.15% net of a waiver through December 31, 2026, above the category norm.

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

MSFL The Fund seeks daily results equal to twice the daily percentage change of Microsoft Corporation’s common stock before fees and expenses; it is designed for daily leveraged exposure rather than matching Microsoft’s return over longer periods.

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

  • MSFL Does the one job it claims: day to day it has tracked twice MSFT's move closely, which is the only target a daily-reset fund sets.graniteshares.com
  • Actively traded with tight on-screen pricing, so getting in and out rarely eats the trade idea itself.
  • Among the hundreds of 2x single-stock bull funds, one of the stronger implementations in the group.
  • 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

  • MSFL Hold past a day and compounding takes over: in choppy stretches it can trail twice MSFT's move, or lose ground while the stock goes nowhere.sec.gov
  • 1.15% net of a waiver through December 31, 2026 (1.30% gross), above the category median. Cheaper 2x peers exist, like OKTG at 0.75% and TSMG at 0.76%, on other stocks.
  • One company, one day at a time: no diversification cushion, and payouts are not the point of the structure.
  • 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 MSFL profile⁠

Full PANG profile⁠

MSFL 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.

MSFL vs PANG Cost

Overpaying MSFL vs PANG

$6,421

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

  • MSFL 1.15%

    $21,077

  • PANG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • MSFL 1.15%
  • 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$20K$25K051015202530MSFL $21,077PANG $14,656

Year by year

YearMSFLPANGOverpaying
10$2,015$1,353$662
20$7,521$5,142$2,379
30$21,077$14,656$6,421

Expense ratio

  • 1.15%MSFL
  • 0.76%PANG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

PANG 131st cheapest of 315 funds

MSFL 222nd cheapest of 315 funds

MSFL vs PANG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

MSFLAll MSFL 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

MSFL vs PANG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
MSFL 59.5%since Apr 2024PANG 128.2%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
MSFL 0.24since Apr 2024PANG 0.90since Apr 2025
Worst fallMax drawdown, 5 years
MSFL −62.1%since Mar 2024PANG −62.4%since Mar 2025
Market sensitivityBeta, 5 years
MSFL 3.15PANG 3.32

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