Skip to content
etf.net

NETG vs PANG

Leverage Shares 2x Long NET Daily ETF

NETGBNasdaq

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Overlap

Expense ratio

NETG −0.01pt a year

NETG0.75%PANG0.76%

Avg volume · 30D

NETG 1.8×the volume

NETG80.9KPANG44.6K

NETG vs PANG Performance

Dec 31, 2025 – Oct 30, 2026

+16.2%NETG+183.4%PANG

Dec 31, 2025 to Oct 30, 2026. NETG +16.2%. PANG +183.4%. Use the arrow keys to read each point.100%300%Dec 2025Jun 2026Oct 2026
Expense ratio
NETG 0.75%, better
PANG 0.76%
Fund size
NETG $5M
PANG $9M
1Y total return
NETG No data
PANG +91.6%
Holdings
NETG 4
PANG 4
Avg volume (30D)
NETG 80.9K sh, better
PANG 44.6K sh
NAV per share
NETG $14.86
PANG $31.31
52W range

ETF.net Grade

NETG: Cost 70, Risk 70, Mission 91, Tradability 59, Holdings not scored, Durability 49. PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59.
Pillar letters and Scores for NETG, PANG, with each pillar’s weight
PillarNETGPANG
Cost30% weightA70A70
Mission25% weightA91A94Higher
Risk15% weightA70A74Higher
Tradability15% weightB59A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC49B59Higher

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. NETG 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 NETG 18th 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 18BKLAGLeverage Shares 2X Long KLAC Daily ETFScore 65
  7. Rank 18BNETGLeverage Shares 2x Long NET Daily ETFScore 65
  8. Rank 18BTERGLeverage Shares 2X Long TER Daily ETFScore 65

Our read on each fund

ETF.net Research

NETGBLeverage Shares 2x Long NET Daily ETF

PANGALeverage Shares 2x Long PANW Daily ETF

In short

NETG Two times Cloudflare's daily move, priced at 0.75% a year. Leverage Shares got to this trade second and answered with the cheaper ticket, matching its house rate for 2x single-stock funds.

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

NETG The fund seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of Cloudflare, Inc. stock (NET).

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

  • NETG 0.75% a year puts it under the typical 2x single-stock fee and matches Leverage Shares' house rate, below what Direxion charges on GGLL and AAPU.
  • Clean single-name mechanics: 200% of Cloudflare's daily move, before fees. No basket, no index, nothing else diluting the trade.leverageshares.com
  • Hits its stated 2x daily target closely, one of the tighter implementations in the leveraged single-stock 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

  • NETG The leverage resets every day. Hold longer than a session and compounding pulls results away from 2x the stock's move, with choppy tape widening the gap.
  • One company, doubled. An earnings print or a Cloudflare outage headline moves the entire position, with no other holdings to absorb it.
  • Launched in November 2025 with a small asset base and no distributions, so it has less trading depth and track record behind it than entrenched funds.
  • 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 NETG profile⁠

Full PANG profile⁠

NETG 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.

NETG vs PANG Cost

Overpaying PANG vs NETG

$174

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

  • NETG 0.75%

    $14,482

  • PANG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • NETG 0.75%
  • 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$15K051015202530PANG $14,656NETG $14,482

Year by year

YearNETGPANGOverpaying
10$1,336$1,353$17
20$5,078$5,142$64
30$14,482$14,656$174

Expense ratio

  • 0.75%NETG, cheaper
  • 0.76%PANG
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

NETG 87th cheapest of 315 funds

PANG 131st cheapest of 315 funds

NETG vs PANG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

NETGAll NETG 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

NETG vs PANG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
NETG No dataPANG 128.2%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
NETG No dataPANG 0.90since Apr 2025
Worst fallMax drawdown, 5 years
NETG No dataPANG −62.4%since Mar 2025
Market sensitivityBeta, 5 years
NETG −1.67PANG 3.32

Popular comparisons

  • NETGBvsTSMGA

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

    Expense ratio
    0.75% · 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.

  • NETGBvsUNHGA

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

    Expense ratio
    0.75% · 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.

  • NETGBvsOKTGA

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

    Expense ratio
    0.75% · 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.