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OSCX vs PANG

Defiance Daily Target 2X Long OSCR ETF

OSCXDNasdaq

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Overlap

Expense ratio

PANG −0.56pt a year

OSCX1.32%PANG0.76%

Avg volume · 30D

PANG 6.3×the volume

OSCX7.03KPANG44.6K

OSCX vs PANG Performance

Oct 31, 2025 – Oct 30, 2026

+35.2%OSCX+91.6%PANG

Oct 31, 2025 to Oct 30, 2026. OSCX +35.2%. PANG +91.6%. Use the arrow keys to read each point.−50%0%150%Oct 2025Apr 2026Oct 2026
Expense ratio
OSCX 1.32%
PANG 0.76%, better
Fund size
OSCX $7M
PANG $9M
1Y total return
OSCX +35.2%
PANG +91.6%, better
Holdings
OSCX 8
PANG 4
Avg volume (30D)
OSCX 7.03K sh
PANG 44.6K sh, better
NAV per share
OSCX $31.54
PANG $31.31
52W range

ETF.net Grade

OSCX: Cost 25, Risk 65, Mission 91, Tradability 23, Holdings not scored, Durability 62. PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59.
Pillar letters and Scores for OSCX, PANG, with each pillar’s weight
PillarOSCXPANG
Cost30% weightD25A70Higher
Mission25% weightA91A94Higher
Risk15% weightB65A74Higher
Tradability15% weightF23A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB62HigherB59

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. OSCX 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 OSCX 258th 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 258DIREDefiance Daily Target 2X Long IREN ETFScore 36
  7. Rank 258DOSCXDefiance Daily Target 2X Long OSCR ETFScore 36
  8. Rank 261DARCXTradr 2X Long ACHR Daily ETFScore 35

Our read on each fund

ETF.net Research

OSCXDDefiance Daily Target 2X Long OSCR ETF

PANGALeverage Shares 2x Long PANW Daily ETF

In short

OSCX The first 2X wrapper on Oscar Health: 200% of OSCR's daily move, reset every session, inside a plain brokerage account. The trade-offs are a 1.32% fee and one health insurtech stock carrying the entire position.

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

OSCX The Fund seeks daily investment results equal to 200% of the daily performance of Oscar Health, Inc.

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

  • OSCX Defiance launched it in September 2025 as the first 2X long ETF on Oscar Health, putting an amplified bet on OSCR in a normal brokerage account with no margin or options approval.yahoo.com
  • The mandate is one testable line: 200% of Oscar Health's daily performance. It has stayed close to that daily target.
  • Leverage is rebuilt each day rather than left to drift, so stated exposure starts every session back at 2x the reference stock.
  • 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

  • OSCX At 1.32% with no waiver, it costs more than the typical fund in its category and more than top-ranked 2x peers such as TSMG (0.76%) and OKTG (0.75%).
  • Hold past one day and compounding takes over: in choppy stretches, multi-day results can diverge meaningfully from 2x OSCR's move over the same period.yahoo.com
  • Small and thinly traded next to the big single-stock leveraged names, and young since its 2025 launch, so there is little track record and spreads can run wide.
  • 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 OSCX profile⁠

Full PANG profile⁠

OSCX 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.

OSCX vs PANG Cost

Overpaying OSCX vs PANG

$9,012

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

  • OSCX 1.32%

    $23,668

  • PANG 0.76%

    $14,656

$10,000
30 years

Cost over time

  • OSCX 1.32%
  • 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$20K$25K051015202530OSCX $23,668PANG $14,656

Year by year

YearOSCXPANGOverpaying
10$2,296$1,353$943
20$8,507$5,142$3,365
30$23,668$14,656$9,012

Expense ratio

  • 1.32%OSCX
  • 0.76%PANG, cheaper
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

PANG 131st cheapest of 315 funds

OSCX 243rd cheapest of 315 funds

OSCX vs PANG Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

OSCXAll OSCX 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

OSCX vs PANG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
OSCX 166.5%since Oct 2025PANG 128.2%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
OSCX 0.57since Oct 2025PANG 0.90since Apr 2025
Worst fallMax drawdown, 5 years
OSCX −84.5%since Sep 2025PANG −62.4%since Mar 2025
Market sensitivityBeta, 5 years
OSCX 2.67PANG 3.32

Popular comparisons

  • OSCXDvsTSMGA

    Defiance Daily Target 2X Long OSCR ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    1.32% · 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.

  • OSCXDvsUNHGA

    Defiance Daily Target 2X Long OSCR ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    1.32% · 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.

  • OSCXDvsOKTGA

    Defiance Daily Target 2X Long OSCR ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    1.32% · 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.