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PANG vs PATX

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Tradr 2X Long PATH Daily ETF

PATXDCboe

Overlap

Expense ratio

PANG −0.73pt a year

PANG0.76%PATX1.49%

Avg volume · 30D

PATX 1.3×the volume

PANG44.6KPATX59K

PANG vs PATX Performance

Jul 31, 2026 – Oct 30, 2026

+7.0%PANG+1.3%PATX

Jul 31, 2026 to Oct 30, 2026. PANG +7.0%. PATX +1.3%. Use the arrow keys to read each point.25%50%75%100%Jul 2026Sep 2026Oct 2026
Expense ratio
PANG 0.76%, better
PATX 1.49%
Fund size
PANG $9M
PATX $3M
1Y total return
PANG +91.6%
PATX No data
Holdings
PANG 4
PATX 2
Avg volume (30D)
PANG 44.6K sh
PATX 59K sh, better
NAV per share
PANG $31.31
PATX $10.34
52W range

ETF.net Grade

PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59. PATX: Cost 11, Risk 58, Mission 86, Tradability 55, Holdings not scored, Durability 49.
Pillar letters and Scores for PANG, PATX, with each pillar’s weight
PillarPANGPATX
Cost30% weightA70HigherF11
Mission25% weightA94HigherA86
Risk15% weightA74HigherB58
Tradability15% weightA74HigherB55
Holdings10% weightNot scoredNot scored
Durability5% weightB59HigherC49

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. PANG and PATX 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 PATX 264th 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 264DMRALGraniteShares 2x Long MARA Daily ETFScore 34
  7. Rank 264DPATXTradr 2X Long PATH Daily ETFScore 34
  8. Rank 264DSNDUT-REX 2X Long SNDK Daily Target ETFScore 34

Our read on each fund

ETF.net Research

PANGALeverage Shares 2x Long PANW Daily ETF

PATXDTradr 2X Long PATH Daily ETF

In short

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.

PATX A one-day trade wrapper on UiPath: PATX aims to deliver two times PATH's daily move, then resets the next morning. Most single-stock leveraged funds chase mega-caps; this one points at an automation software name instead.

Stated mandate

PANG The ETF seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of Palo Alto Networks, Inc. stock.

PATX The Fund seeks daily investment results equal to two times the daily performance of UiPath, Inc. common shares and does not target that result for periods longer or shorter than one trading day.

Why people hold it

  • 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
  • PATX One job, stated plainly: two times UiPath's daily performance, for a single trading day, and it has held close to that stated daily target.
  • Leverage on a stock the shelf mostly skips. Peers pile into mega-caps (AAPU on Apple, GGLL on Alphabet); this one points at UiPath.
  • Geared exposure inside a registered 1940 Act fund: no margin account, no options chain, and your downside is capped at what you put in.

Worth knowing

  • 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.
  • PATX The fee is 1.49% a year, above the roughly 1% median for 2x single-stock funds, and well above the 0.75% charged by peers like UNHG and ASMG.
  • Daily reset is the whole mechanism. Hold past one session and your result depends on the path PATH takes, not on two times its move over that stretch.
  • Young and small: launched in 2026, with a modest asset base and lighter trading than the shelf's biggest 2x names, so spreads and order size matter.

Full PANG profile⁠

Full PATX profile⁠

PANG vs PATX 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.

PANG vs PATX Cost

Overpaying PATX vs PANG

$11,485

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

  • PANG 0.76%

    $14,656

  • PATX 1.49%

    $26,141

$10,000
30 years

Cost over time

  • PANG 0.76%
  • PATX 1.49%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530PATX $26,141PANG $14,656

Year by year

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

Expense ratio

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

PANG 131st cheapest of 315 funds

PATX 263rd cheapest of 315 funds

PANG vs PATX Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

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
PATXAll PATX payments⁠

No distribution history available.

PANG vs PATX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
PANG 128.2%since Apr 2025PATX No data
Return per unit of riskSharpe ratio, 3 years
PANG 0.90since Apr 2025PATX No data
Worst fallMax drawdown, 5 years
PANG −62.4%since Mar 2025PATX No data
Market sensitivityBeta, 5 years
PANG 3.32PATX −0.09

Popular comparisons

  • 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.

  • PATXDvsTSMGA

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

    Expense ratio
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    Category
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  • PANGAvsUNHGA

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    Expense ratio
    0.76% · 0.77%
    Category
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  • PATXDvsUNHGA

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    Expense ratio
    1.49% · 0.77%
    Category
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  • PANGAvsOKTGA

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    Expense ratio
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    Category
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  • PATXDvsOKTGA

    Tradr 2X Long PATH 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.