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NFLU vs PANG

T-REX 2X Long NFLX Daily Target ETF

NFLUCCboe

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Overlap

Expense ratio

PANG −0.29pt a year

NFLU1.05%PANG0.76%

Avg volume · 30D

NFLU 5.3×the volume

NFLU236KPANG44.6K

NFLU vs PANG Performance

Oct 31, 2025 – Oct 30, 2026

−76.4%NFLU+91.6%PANG

Oct 31, 2025 to Oct 30, 2026. NFLU −76.4%. PANG +91.6%. Use the arrow keys to read each point.−50%0%50%150%Oct 2025Apr 2026Oct 2026
Expense ratio
NFLU 1.05%
PANG 0.76%, better
Fund size
NFLU $22M
PANG $9M
1Y total return
NFLU −76.4%
PANG +91.6%, better
Holdings
NFLU 2
PANG 4
Avg volume (30D)
NFLU 236K sh, better
PANG 44.6K sh
NAV per share
NFLU $11.39
PANG $31.31
52W range

ETF.net Grade

NFLU: Cost 42, Risk 45, Mission 98, Tradability 50, Holdings not scored, Durability 72. PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59.
Pillar letters and Scores for NFLU, PANG, with each pillar’s weight
PillarNFLUPANG
Cost30% weightC42A70Higher
Mission25% weightA98HigherA94
Risk15% weightC45A74Higher
Tradability15% weightC50A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA72HigherB59

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. NFLU 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 NFLU 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 97CNBILGraniteShares 2x Long NBIS Daily ETFScore 46
  7. Rank 97CNFLUT-REX 2X Long NFLX Daily Target ETFScore 46
  8. Rank 97CROBNT-Rex 2X Long HOOD Daily Target ETFScore 46

Our read on each fund

ETF.net Research

NFLUCT-REX 2X Long NFLX Daily Target ETF

PANGALeverage Shares 2x Long PANW Daily ETF

In short

NFLU Netflix, doubled, one day at a time. NFLU aims for twice NFLX's daily move in a single ticker, resetting the clock at every close, and since its 2024 launch it has stuck close to that stated target.

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

NFLU The fund targets a positive two-times daily result linked to NFLX.

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

  • NFLU Does what it says on the tin: the fund has tracked its two-times daily NFLX target closely, one of the tighter implementations in a field of 200-plus leveraged single-stock funds.
  • Doubled Netflix exposure without a margin account or an options chain. One ticker in a cash brokerage account, and you cannot lose more than you put in.
  • The 1.05% expense ratio lands within a hair of the 1.01% median for leveraged single-stock funds. Going rate for the wrapper, not a premium.
  • 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

  • NFLU The 2x math resets every close. Hold through a choppy stretch and your result can drift well away from twice NFLX's move over that same stretch.
  • One stock, amplified. A single earnings night hits this fund about twice as hard as it hits Netflix shares, in either direction.
  • Cheaper 2x single-stock funds exist: UNHG, ASMG and AMDG run 0.75%. Different underlyings, but the fee gap is real if cost is your first filter.
  • 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 NFLU profile⁠

Full PANG profile⁠

NFLU 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.

NFLU vs PANG Cost

Overpaying NFLU vs PANG

$4,839

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

  • NFLU 1.05%

    $19,495

  • PANG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • NFLU 1.05%
  • 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$20K051015202530NFLU $19,495PANG $14,656

Year by year

YearNFLUPANGOverpaying
10$1,847$1,353$494
20$6,927$5,142$1,785
30$19,495$14,656$4,839

Expense ratio

  • 1.05%NFLU
  • 0.76%PANG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

PANG 131st cheapest of 315 funds

NFLU 201st cheapest of 315 funds

NFLU vs PANG Dividends

Last 12 months to Oct 30, 2026
Last payment
NFLU $0.004
PANG $1.30
Ex-dividend
NFLU Aug 25, 2026
PANG Dec 30, 2025
Paid on
NFLU Aug 26, 2026
PANG Jan 2, 2026
Frequency
NFLU Special
PANG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

NFLUSpecial · 1 paymentAll NFLU payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Aug 25, 2026 $0.004. Use the arrow keys to read each point.$0$12026YTD
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

NFLU vs PANG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
NFLU 72.9%since Oct 2024PANG 128.2%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
NFLU −0.22since Oct 2024PANG 0.90since Apr 2025
Worst fallMax drawdown, 5 years
NFLU −84.7%since Sep 2024PANG −62.4%since Mar 2025
Market sensitivityBeta, 5 years
NFLU 0.64PANG 3.32

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