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ONDG vs PANG

Leverage Shares 2X Long ONDS Daily ETF

ONDGBNasdaq

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Overlap

Expense ratio

ONDG −0.01pt a year

ONDG0.75%PANG0.76%

Avg volume · 30D

ONDG 69.1×the volume

ONDG3.09MPANG44.6K

ONDG vs PANG Performance

Jul 31, 2026 – Oct 30, 2026

−39.7%ONDG+7.0%PANG

Jul 31, 2026 to Oct 30, 2026. ONDG −39.7%. PANG +7.0%. Use the arrow keys to read each point.−20%20%40%60%Jul 2026Sep 2026Oct 2026
Expense ratio
ONDG 0.75%, better
PANG 0.76%
Fund size
ONDG $19M
PANG $9M
1Y total return
ONDG No data
PANG +91.6%
Holdings
ONDG 5
PANG 4
Avg volume (30D)
ONDG 3.09M sh, better
PANG 44.6K sh
NAV per share
ONDG $1.50
PANG $31.31
52W range

ETF.net Grade

ONDG: Cost 70, Risk 28, Mission not scored, Tradability 87, Holdings not scored, Durability 56. PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59.
Pillar letters and Scores for ONDG, PANG, with each pillar’s weight
PillarONDGPANG
Cost30% weightA70A70
Mission25% weightNot scoredA94
Risk15% weightD28A74Higher
Tradability15% weightA87HigherA74
Holdings10% weightNot scoredNot scored
Durability5% weightB56B59Higher

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. ONDG 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 ONDG 29th 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 29BMSFUDirexion Daily MSFT Bull 2X SharesScore 62
  7. Rank 29BONDGLeverage Shares 2X Long ONDS Daily ETFScore 62
  8. Rank 32BBOEGLeverage Shares 2X Long BA Daily ETFScore 61

Our read on each fund

ETF.net Research

ONDGBLeverage Shares 2X Long ONDS Daily ETF

PANGALeverage Shares 2x Long PANW Daily ETF

In short

ONDG 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

ONDG 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

ONDG 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

ONDG 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 ONDG profile⁠

Full PANG profile⁠

ONDG 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.

ONDG vs PANG Cost

Overpaying PANG vs ONDG

$174

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

  • ONDG 0.75%

    $14,482

  • PANG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • ONDG 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 $14,656ONDG $14,482

Year by year

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

Expense ratio

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

ONDG 87th cheapest of 315 funds

PANG 131st cheapest of 315 funds

ONDG vs PANG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

ONDGAll ONDG 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

ONDG vs PANG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ONDG No dataPANG 128.2%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
ONDG No dataPANG 0.90since Apr 2025
Worst fallMax drawdown, 5 years
ONDG No dataPANG −62.4%since Mar 2025
Market sensitivityBeta, 5 years
ONDG 4.90PANG 3.32

Popular comparisons

  • ONDGBvsTSMGA

    Leverage Shares 2X Long ONDS 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.

  • ONDGBvsUNHGA

    Leverage Shares 2X Long ONDS 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.

  • ONDGBvsOKTGA

    Leverage Shares 2X Long ONDS 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.