Skip to content
etf.net

ONDU vs PANG

Tradr 2X Long ONDS Daily ETF

ONDUFCboe

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Overlap

0.0%by weight

Expense ratio

PANG −0.73pt a year

ONDU1.49%PANG0.76%

Avg volume · 30D

PANG 1.5×the volume

ONDU30.6KPANG44.6K

ONDU vs PANG Performance

Jul 31, 2026 – Nov 2, 2026

−49.5%ONDU−1.5%PANG

Jul 31, 2026 to Nov 2, 2026. ONDU −49.5%. PANG −1.5%. Use the arrow keys to read each point.−25%25%50%75%Jul 2026Sep 2026Nov 2026
Expense ratio
ONDU 1.49%
PANG 0.76%, better
Fund size
ONDU $2M
PANG $9M
1Y total return
ONDU No data
PANG +76.3%
Holdings
ONDU 2
PANG 4
Avg volume (30D)
ONDU 30.6K sh
PANG 44.6K sh, better
NAV per share
ONDU $7.93
PANG $31.31
52W range

ETF.net Grade

ONDU: Cost 11, Risk 28, Mission 87, Tradability 26, Holdings not scored, Durability 46. PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59.
Pillar letters and Scores for ONDU, PANG, with each pillar’s weight
PillarONDUPANG
Cost30% weightF11A70Higher
Mission25% weightA87A94Higher
Risk15% weightD28A74Higher
Tradability15% weightD26A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC46B59Higher

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. ONDU 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 ONDU 302nd 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 301FBTDLGraniteShares 2x Long BTDR Daily ETFScore 22
  7. Rank 302FONDUTradr 2X Long ONDS Daily ETFScore 21
  8. Rank 303FOCNLT-REX 2X Long DOCN Daily Target ETFScore 20

Our read on each fund

ETF.net Research

ONDUFTradr 2X Long ONDS Daily ETF

PANGALeverage Shares 2x Long PANW Daily ETF

In short

ONDU Two times the daily move of Ondas Holdings, the drone and private-wireless small cap, in one ticker. Most single-stock leverage points at megacaps; this one takes aim at a name that already swings hard, then doubles it.

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

ONDU The fund seeks daily investment results, before fees and expenses, equal to two times the daily performance of Ondas Holdings Inc. common shares.

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

  • ONDU Has tracked its stated two-times daily target on ONDS closely since its January 2026 launch.
  • Geared ONDS exposure in one ticker: no margin account, no borrowing, no options chain to manage.tradretfs.com
  • Rare target. Most 2x single-stock ETFs point at megacaps like AAPL and GOOGL; this one aims at a small-cap drone and private wireless supplier.tipranks.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

  • ONDU At 1.49% it costs more than the typical geared single-stock fund, and more than ONDL, the other 2x ONDS ETF, at 1.31%.
  • Leverage resets daily. Hold past a day and compounding takes over, so results can drift well away from 2x the stock's move, especially in choppy markets.tradretfs.com
  • Young and small: it launched in 2026, and geared single-stock funds that stay modest in size can be closed or merged by the issuer.
  • 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 ONDU profile⁠

Full PANG profile⁠

ONDU vs PANG Holdings

How ONDU and PANG differ

Overlap by weight

0.0%

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

Level by level

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

Sector

No Sector split for ONDU and PANG.

Country, concentration and asset class

Country by domicile

No country split for ONDU.

Concentration

Weight in the 10 largest Holdings

  • ONDU112.2%
  • PANG210.1%

Securities held

  • ONDU2
  • PANG1

Asset class

ONDU
Leveraged/Inverse
PANG
Equity

Holdings

  • Only in ONDU2
  • In both0
  • Only in PANG1

Only in ONDU

2 securities, 100% of ONDU by weight

  • Cashusd106.50%
  • Cfd Ondas Inc5.66%

Only in PANG

1 security, 10.0% of PANG by weight

  • First American Treasury Obligations Fund 01/01/204010.04%

Weight gaps

ONDU and PANG share no securities.

All ONDU 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.

ONDU vs PANG Cost

Overpaying ONDU vs PANG

$11,485

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

  • ONDU 1.49%

    $26,141

  • PANG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • ONDU 1.49%
  • 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$30K051015202530ONDU $26,141PANG $14,656

Year by year

YearONDUPANGOverpaying
10$2,574$1,353$1,221
20$9,464$5,142$4,322
30$26,141$14,656$11,485

Expense ratio

  • 1.49%ONDU
  • 0.76%PANG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

PANG 131st cheapest of 315 funds

ONDU 263rd cheapest of 315 funds

ONDU vs PANG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

ONDUAll ONDU 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

ONDU vs PANG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ONDU No dataPANG 128.2%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
ONDU No dataPANG 0.90since Apr 2025
Worst fallMax drawdown, 5 years
ONDU No dataPANG −62.4%since Mar 2025
Market sensitivityBeta, 5 years
ONDU 4.92PANG 3.32

Popular comparisons

  • ONDUFvsTSMGA

    Tradr 2X Long ONDS Daily ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    1.49% · 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.

  • ONDUFvsUNHGA

    Tradr 2X Long ONDS Daily ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    1.49% · 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.

  • ONDUFvsOKTGA

    Tradr 2X Long ONDS Daily ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    1.49% · 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.