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NTAL vs PANG

GraniteShares 2x Long NTAP Daily ETF

NTALCNasdaq

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Overlap

0.0%by weight

Expense ratio

PANG −0.74pt a year

NTAL1.50%PANG0.76%

Avg volume · 30D

PANG 8.8×the volume

NTAL5.1KPANG44.6K

NTAL vs PANG Performance

Jul 31, 2026 – Oct 30, 2026

+15.0%NTAL+7.0%PANG

Jul 31, 2026 to Oct 30, 2026. NTAL +15.0%. PANG +7.0%. Use the arrow keys to read each point.40%60%Jul 2026Sep 2026Oct 2026
Expense ratio
NTAL 1.50%
PANG 0.76%, better
Fund size
NTAL $1M
PANG $9M
1Y total return
NTAL No data
PANG +91.6%
Holdings
NTAL 2
PANG 4
Avg volume (30D)
NTAL 5.1K sh
PANG 44.6K sh, better
NAV per share
NTAL $40.48
PANG $31.31
52W range

ETF.net Grade

NTAL: Cost 11, Risk 87, Mission not scored, Tradability 56, Holdings not scored, Durability 38. PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59.
Pillar letters and Scores for NTAL, PANG, with each pillar’s weight
PillarNTALPANG
Cost30% weightF11A70Higher
Mission25% weightNot scoredA94
Risk15% weightA87HigherA74
Tradability15% weightB56A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightD38B59Higher

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. NTAL 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 NTAL 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 123CNOWXCorgi NOW 2x Daily ETFScore 40
  7. Rank 123CNTALGraniteShares 2x Long NTAP Daily ETFScore 40
  8. Rank 123CNVOCCorgi NVO 2x Daily ETFScore 40

Our read on each fund

ETF.net Research

NTALCGraniteShares 2x Long NTAP Daily ETF

PANGALeverage Shares 2x Long PANW Daily ETF

In short

NTAL 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

NTAL 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

NTAL 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

NTAL 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 NTAL profile⁠

Full PANG profile⁠

NTAL vs PANG Holdings

How NTAL and PANG differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of NTAL and 0.0% of PANG.

Level by level

  • Asset classLeveraged/Inverse, Equity0.0%
  • Holdings0 in both0.0%
  • Countryby domicile100%

Sector

No Sector split for NTAL and PANG.

Country, concentration and asset class

Country by domicile

Country weights in NTAL and PANG, widest gap first
CountryMore in NTALMore in PANG
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • NTAL100.0%
  • PANG208.4%

Securities held

  • NTAL1
  • PANG1

Asset class

NTAL
Leveraged/Inverse
PANG
Equity

Holdings

  • Only in NTAL1
  • In both0
  • Only in PANG1

Only in NTAL

1 security, 66.7% of NTAL by weight

  • Ntap66.68%

Only in PANG

1 security, 8.4% of PANG by weight

  • First American Treasury Obligations Fund 01/01/20408.43%

Weight gaps

NTAL and PANG share no securities.

All NTAL holdings⁠All 4 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.

NTAL vs PANG Cost

Overpaying NTAL vs PANG

$11,627

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

  • NTAL 1.50%

    $26,283

  • PANG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • NTAL 1.50%
  • PANG 0.76%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530NTAL $26,283PANG $14,656

Year by year

YearNTALPANGOverpaying
10$2,590$1,353$1,237
20$9,519$5,142$4,377
30$26,283$14,656$11,627

Expense ratio

  • 1.50%NTAL
  • 0.76%PANG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

PANG 131st cheapest of 315 funds

NTAL 271st cheapest of 315 funds

NTAL vs PANG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

NTALAll NTAL 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

NTAL vs PANG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
NTAL No dataPANG 128.2%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
NTAL No dataPANG 0.90since Apr 2025
Worst fallMax drawdown, 5 years
NTAL No dataPANG −62.4%since Mar 2025
Market sensitivityBeta, 5 years
NTAL 1.18PANG 3.32

Popular comparisons

  • NTALCvsTSMGA

    GraniteShares 2x Long NTAP Daily ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    1.50% · 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.

  • NTALCvsUNHGA

    GraniteShares 2x Long NTAP Daily ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    1.50% · 0.77%
    Category
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  • 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.

  • NTALCvsOKTGA

    GraniteShares 2x Long NTAP Daily ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    1.50% · 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.