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NBIL vs PANG

GraniteShares 2x Long NBIS Daily ETF

NBILCNasdaq

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Overlap

Expense ratio

PANG −0.65pt a year

NBIL1.41%PANG0.76%

Avg volume · 30D

NBIL 100.9×the volume

NBIL4.5MPANG44.6K

NBIL vs PANG Performance

Oct 31, 2025 – Oct 30, 2026

−60.5%NBIL+91.6%PANG

Oct 31, 2025 to Oct 30, 2026. NBIL −60.5%. PANG +91.6%. Use the arrow keys to read each point.0%50%150%Oct 2025Apr 2026Oct 2026
Expense ratio
NBIL 1.41%
PANG 0.76%, better
Fund size
NBIL $198M
PANG $9M
1Y total return
NBIL −60.5%
PANG +91.6%, better
Holdings
NBIL 2
PANG 4
Avg volume (30D)
NBIL 4.5M sh, better
PANG 44.6K sh
NAV per share
NBIL $12.79
PANG $31.31
52W range

ETF.net Grade

NBIL: Cost 20, Risk 44, Mission 97, Tradability 95, Holdings not scored, Durability 76. PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59.
Pillar letters and Scores for NBIL, PANG, with each pillar’s weight
PillarNBILPANG
Cost30% weightF20A70Higher
Mission25% weightA97HigherA94
Risk15% weightC44A74Higher
Tradability15% weightA95HigherA74
Holdings10% weightNot scoredNot scored
Durability5% weightA76HigherB59

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. NBIL 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 NBIL 97th 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 97CMSTUT-REX 2X Long MSTR Daily Target ETFScore 46
  7. Rank 97CNBILGraniteShares 2x Long NBIS Daily ETFScore 46
  8. Rank 97CNFLUT-REX 2X Long NFLX Daily Target ETFScore 46

Our read on each fund

ETF.net Research

NBILCGraniteShares 2x Long NBIS Daily ETF

PANGALeverage Shares 2x Long PANW Daily ETF

In short

NBIL Two times the daily move of Nebius, the Amsterdam AI-cloud company rebuilt from Yandex's non-Russian assets. One volatile stock, doubled, reset every night: a trading tool by design, not a set-and-forget holding.

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

NBIL The Fund seeks daily investment results, before fees and expenses, equal to two times the daily percentage change of Nebius Group N.V. stock.

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

  • NBIL Does the job on the tin: it has stayed close to its stated 2x daily NBIS target, one of the tighter implementations in a crowded single-stock leverage field.
  • Actively traded for such a young fund, which helps keep the cost of getting in and out contained.
  • Doubled exposure to a GPU-cloud builder in an ordinary brokerage account: no margin agreement, no options chain, no swap paperwork of your own.graniteshares.com
  • 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

  • NBIL The 1.50% expense ratio sits well above the typical 2x single-stock fund, and rivals (NBIG, NEBX) chase the same daily NBIS target.leverageshares.comtradretfs.com
  • The multiple resets daily, so results over longer stretches can drift far from 2x the stock's move, especially through choppy trading.graniteshares.com
  • One AI infrastructure name, leveraged, launched in 2025: concentrated, volatile, and with a short record to judge it by. No distributions.
  • 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 NBIL profile⁠

Full PANG profile⁠

NBIL 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.

NBIL vs PANG Cost

Overpaying NBIL vs PANG

$10,336

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

  • NBIL 1.41%

    $24,992

  • PANG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • NBIL 1.41%
  • 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$25K051015202530NBIL $24,992PANG $14,656

Year by year

YearNBILPANGOverpaying
10$2,444$1,353$1,091
20$9,017$5,142$3,875
30$24,992$14,656$10,336

Expense ratio

  • 1.41%NBIL
  • 0.76%PANG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

PANG 131st cheapest of 315 funds

NBIL 257th cheapest of 315 funds

NBIL vs PANG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

NBILAll NBIL 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

NBIL vs PANG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
NBIL 207.5%since Nov 2025PANG 128.2%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
NBIL 0.40since Nov 2025PANG 0.90since Apr 2025
Worst fallMax drawdown, 5 years
NBIL −84.0%since Oct 2025PANG −62.4%since Mar 2025
Market sensitivityBeta, 5 years
NBIL 7.58PANG 3.32

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