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MSFU vs PANG

Direxion Daily MSFT Bull 2X Shares

MSFUBNasdaq

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Overlap

Expense ratio

PANG −0.22pt a year

MSFU0.98%PANG0.76%

Avg volume · 30D

MSFU 119.9×the volume

MSFU5.35MPANG44.6K

MSFU vs PANG Performance

Oct 31, 2025 – Oct 30, 2026

−15.3%MSFU+91.6%PANG

Oct 31, 2025 to Oct 30, 2026. MSFU −15.3%. PANG +91.6%. Use the arrow keys to read each point.−50%50%150%Oct 2025Apr 2026Oct 2026
Expense ratio
MSFU 0.98%
PANG 0.76%, better
Fund size
MSFU $416M
PANG $9M
1Y total return
MSFU −15.3%
PANG +91.6%, better
Yield (12M)
MSFU 7.81%
PANG No data
Holdings
MSFU 7
PANG 4
Avg volume (30D)
MSFU 5.35M sh, better
PANG 44.6K sh
NAV per share
MSFU $41.59
PANG $31.31
52W range

ETF.net Grade

MSFU: Cost 54, Risk 61, Mission 81, Tradability 70, Holdings not scored, Durability 87. PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59.
Pillar letters and Scores for MSFU, PANG, with each pillar’s weight
PillarMSFUPANG
Cost30% weightC54A70Higher
Mission25% weightA81A94Higher
Risk15% weightB61A74Higher
Tradability15% weightA70A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA87HigherB59

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. MSFU 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 MSFU 29th 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 29BHOOXDaily Target 2X Long HOOD ETFScore 62
  7. Rank 29BMSFUDirexion Daily MSFT Bull 2X SharesScore 62
  8. Rank 29BONDGLeverage Shares 2X Long ONDS Daily ETFScore 62

Our read on each fund

ETF.net Research

MSFUBDirexion Daily MSFT Bull 2X Shares

PANGALeverage Shares 2x Long PANW Daily ETF

In short

MSFU A day-trading dial on Microsoft: MSFU targets 200% of MSFT's daily move, then resets every night. It launched as a 1.5x fund and was re-geared to a full 2x in April 2024, so today's version is the more aggressive one.

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

MSFU The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of Microsoft Corporation 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

  • MSFU The mandate is one line: 200% of Microsoft's daily move, before fees and expenses. No stock picking, no index committee, one name and one multiple.direxion.com
  • Fee is 0.98%, a shade under the going rate in the leveraged single-stock aisle, where 2x peers such as GGLL and AAPU also cluster near 1%.
  • Among the more heavily traded funds in its category, and Direxion runs a bear-side twin (MSFD) for exposure in the other direction.direxion.com
  • Trading since 2022, which makes it a veteran in a fund category that barely existed before then.
  • 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

  • MSFU The daily reset compounds. Over any stretch longer than a day, results can drift well away from 2x MSFT's move for that period, and choppy tape widens the gap.sec.gov
  • One company, no cushion. An earnings miss or a headline at Microsoft lands here at double strength, with nothing else in the portfolio to soften it.sec.gov
  • Direxion's own filings describe the fund as riskier than unleveraged alternatives and built around a one-day holding period, not the back of a drawer.sec.gov
  • 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 MSFU profile⁠

Full PANG profile⁠

MSFU 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.

MSFU vs PANG Cost

Overpaying MSFU vs PANG

$3,706

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

  • MSFU 0.98%

    $18,362

  • PANG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • MSFU 0.98%
  • 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$20K051015202530MSFU $18,362PANG $14,656

Year by year

YearMSFUPANGOverpaying
10$1,729$1,353$376
20$6,504$5,142$1,362
30$18,362$14,656$3,706

Expense ratio

  • 0.98%MSFU
  • 0.76%PANG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

PANG 131st cheapest of 315 funds

MSFU 168th cheapest of 315 funds

MSFU vs PANG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
MSFU 7.81%
PANG No data
Payout (12M)
MSFU $3.14
PANG No data
Last payment
MSFU $0.30
PANG $1.30
Ex-dividend
MSFU Sep 22, 2026
PANG Dec 30, 2025
Paid on
MSFU Sep 29, 2026
PANG Jan 2, 2026
Frequency
MSFU Quarterly
PANG Irregular

Distribution history

Per share, 2022 to 2026, same scale for both

MSFUQuarterly · 19 paymentsAll MSFU payments⁠
One bar per payment. 19 payments from 2022 to 2026 YTD. Sep 20, 2022 $0.0062; Dec 20, 2022 $0.11; Mar 21, 2023 $0.09; Jun 21, 2023 $0.18; Sep 19, 2023 $0.26; Dec 21, 2023 $0.30; Mar 19, 2024 $0.31; Jun 25, 2024 $0.37; Sep 24, 2024 $0.33; Dec 12, 2024 $1.36; Dec 23, 2024 $0.40; Mar 25, 2025 $0.25; Jun 24, 2025 $0.37; Sep 23, 2025 $0.19; Dec 10, 2025 $2.30; Dec 23, 2025 $0.27; Mar 24, 2026 $0.13; Jun 23, 2026 $0.14; Sep 22, 2026 $0.30. Use the arrow keys to read each point.$0$2.5020232026YTD
PANGIrregular · 1 paymentAll PANG payments⁠
One bar per payment. 1 payment from 2022 to 2026 YTD. Dec 30, 2025 $1.30. Use the arrow keys to read each point.$0$2.5020232026YTD

MSFU vs PANG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
MSFU 56.3%PANG 128.2%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
MSFU 0.38PANG 0.90since Apr 2025
Worst fallMax drawdown, 5 years
MSFU −62.3%since Sep 2022PANG −62.4%since Mar 2025
Market sensitivityBeta, 5 years
MSFU 1.84PANG 3.32

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