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MTSG vs PANG

Leverage Shares 2x Long MTSI Daily ETF

MTSGCCboe

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Overlap

Expense ratio

PANG −0.23pt a year

MTSG0.99%PANG0.76%

Avg volume · 30D

PANG 3.0×the volume

MTSG14.8KPANG44.6K

MTSG vs PANG Performance

Jul 31, 2026 – Oct 30, 2026

−31.1%MTSG+7.0%PANG

Jul 31, 2026 to Oct 30, 2026. MTSG −31.1%. PANG +7.0%. Use the arrow keys to read each point.20%40%60%Jul 2026Sep 2026Oct 2026
Expense ratio
MTSG 0.99%
PANG 0.76%, better
Fund size
MTSG $1M
PANG $9M
1Y total return
MTSG No data
PANG +91.6%
Holdings
MTSG 4
PANG 4
Avg volume (30D)
MTSG 14.8K sh
PANG 44.6K sh, better
NAV per share
MTSG $3.87
PANG $31.31
52W range

ETF.net Grade

MTSG: Cost 48, Risk 40, Mission not scored, Tradability 37, Holdings not scored, Durability 30. PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59.
Pillar letters and Scores for MTSG, PANG, with each pillar’s weight
PillarMTSGPANG
Cost30% weightC48A70Higher
Mission25% weightNot scoredA94
Risk15% weightC40A74Higher
Tradability15% weightD37A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightD30B59Higher

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. MTSG 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 MTSG 123rd 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 123CMSTCCorgi MSTR 2x Daily ETFScore 40
  7. Rank 123CMTSGLeverage Shares 2x Long MTSI Daily ETFScore 40
  8. Rank 123CNBICCorgi NBIS 2x Daily ETFScore 40

Our read on each fund

ETF.net Research

MTSGCLeverage Shares 2x Long MTSI Daily ETF

PANGALeverage Shares 2x Long PANW Daily ETF

In short

MTSG No data

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

MTSG No data

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

MTSG No data

  • 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

MTSG No data

  • 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 MTSG profile⁠

Full PANG profile⁠

MTSG 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.

MTSG vs PANG Cost

Overpaying MTSG vs PANG

$3,869

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

  • MTSG 0.99%

    $18,525

  • PANG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • MTSG 0.99%
  • 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$20K051015202530MTSG $18,525PANG $14,656

Year by year

YearMTSGPANGOverpaying
10$1,746$1,353$393
20$6,565$5,142$1,423
30$18,525$14,656$3,869

Expense ratio

  • 0.99%MTSG
  • 0.76%PANG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

PANG 131st cheapest of 315 funds

MTSG 169th cheapest of 315 funds

MTSG vs PANG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

MTSGAll MTSG 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

MTSG vs PANG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
MTSG No dataPANG 128.2%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
MTSG No dataPANG 0.90since Apr 2025
Worst fallMax drawdown, 5 years
MTSG No dataPANG −62.4%since Mar 2025
Market sensitivityBeta, 5 years
MTSG 6.78PANG 3.32

Popular comparisons

  • MTSGCvsTSMGA

    Leverage Shares 2x Long MTSI Daily ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    0.99% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PANGAvsTSMGA

    Leverage Shares 2x Long PANW Daily ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    0.76% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • MTSGCvsUNHGA

    Leverage Shares 2x Long MTSI Daily ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    0.99% · 0.77%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PANGAvsUNHGA

    Leverage Shares 2x Long PANW Daily ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    0.76% · 0.77%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • MTSGCvsOKTGA

    Leverage Shares 2x Long MTSI Daily ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    0.99% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PANGAvsOKTGA

    Leverage Shares 2x Long PANW Daily ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    0.76% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.