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MUG vs PANG

Leverage Shares 2x Long MU Daily ETF

MUG—Cboe

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Overlap

Expense ratio

PANG −0.23pt a year

MUG0.99%PANG0.76%

Avg volume · 30D

PANG 1.2×the volume

MUG38.2KPANG44.6K

MUG vs PANG Performance

Sep 30, 2026 – Oct 30, 2026

−35.0%MUG−18.8%PANG

Sep 30, 2026 to Oct 30, 2026. MUG −35.0%. PANG −18.8%. Use the arrow keys to read each point.−10%0%10%Sep 30Oct 15Oct 30
Expense ratio
MUG 0.99%
PANG 0.76%, better
Fund size
MUG $3M
PANG $9M
1Y total return
MUG No data
PANG +91.6%
Holdings
MUG 4
PANG 4
Avg volume (30D)
MUG 38.2K sh
PANG 44.6K sh, better
NAV per share
MUG $12.18
PANG $31.31
52W range

ETF.net Grade

  • —MUGNot yet graded
PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59.
Pillar letters and Scores for MUG, PANG, with each pillar’s weight
PillarMUGPANG
Cost30% weightNot scoredA70
Mission25% weightNot scoredA94
Risk15% weightNot scoredA74
Tradability15% weightNot scoredA74
Holdings10% weightNot scoredNot scored
Durability5% weightNot scoredB59

Rank among Single-Stock Long Leveraged funds

How we build Categories ›

Single-Stock Long Leveraged⁠

Category · 315 funds
See all 315 ›

PANG ranks 3rd 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. MUGNot yet graded

Our read on each fund

ETF.net Research

MUG—Leverage Shares 2x Long MU Daily ETF

PANGALeverage Shares 2x Long PANW Daily ETF

In short

MUG 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

MUG 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

MUG 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

MUG 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 MUG profile⁠

Full PANG profile⁠

MUG 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.

MUG vs PANG Cost

Overpaying MUG vs PANG

$3,869

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

  • MUG 0.99%

    $18,525

  • PANG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • MUG 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$20K051015202530MUG $18,525PANG $14,656

Year by year

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

Expense ratio

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

PANG 131st cheapest of 315 funds

MUG 169th cheapest of 315 funds

MUG vs PANG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

MUGAll MUG 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

MUG vs PANG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
MUG No dataPANG 128.2%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
MUG No dataPANG 0.90since Apr 2025
Worst fallMax drawdown, 5 years
MUG No dataPANG −62.4%since Mar 2025
Market sensitivityBeta, 5 years
MUG 0.00PANG 3.32

Popular comparisons

  • MUG—vsTSMGA

    Leverage Shares 2x Long MU 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.

  • MUG—vsUNHGA

    Leverage Shares 2x Long MU 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.

  • MUG—vsOKTGA

    Leverage Shares 2x Long MU 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.