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PANG vs PDDL

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

GraniteShares 2x Long PDD Daily ETF

PDDLDNasdaq

Overlap

Expense ratio

PANG −0.77pt a year

PANG0.76%PDDL1.53%

Avg volume · 30D

PANG 1.6×the volume

PANG44.6KPDDL28.8K

PANG vs PDDL Performance

Oct 31, 2025 – Oct 30, 2026

+91.6%PANG−74.0%PDDL

Oct 31, 2025 to Oct 30, 2026. PANG +91.6%. PDDL −74.0%. Use the arrow keys to read each point.0%50%150%Oct 2025Apr 2026Oct 2026
Expense ratio
PANG 0.76%, better
PDDL 1.53%
Fund size
PANG $9M
PDDL $6M
1Y total return
PANG +91.6%, better
PDDL −74.0%
Holdings
PANG 4
PDDL 2
Avg volume (30D)
PANG 44.6K sh, better
PDDL 28.8K sh
NAV per share
PANG $31.31
PDDL $10.88
52W range

ETF.net Grade

PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59. PDDL: Cost 3, Risk 46, Mission 98, Tradability 64, Holdings not scored, Durability 63.
Pillar letters and Scores for PANG, PDDL, with each pillar’s weight
PillarPANGPDDL
Cost30% weightA70HigherF3
Mission25% weightA94A98Higher
Risk15% weightA74HigherC46
Tradability15% weightA74HigherB64
Holdings10% weightNot scoredNot scored
Durability5% weightB59B63Higher

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 PDDL 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 PDDL 272nd 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 272DAVXXDefiance Daily Target 2X Long AVAV ETFScore 31
  7. Rank 272DPDDLGraniteShares 2x Long PDD Daily ETFScore 31
  8. Rank 272DPLUDaily Target 2X Long PL ETFScore 31

Our read on each fund

ETF.net Research

PANGALeverage Shares 2x Long PANW Daily ETF

PDDLDGraniteShares 2x Long PDD 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.

PDDL One of the few US ETFs wired to twice the daily move of Temu parent PDD Holdings. A one-session trading tool, priced at 1.50% net of a waiver through December 31, 2026 (1.51% gross).

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.

PDDL The Fund seeks daily investment results, before fees and expenses, equal to twice the daily percentage change in PDD Holdings Inc.'s common stock.

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
  • PDDL Simple job, clearly stated: it aims for twice PDD's daily percentage change, before fees, from a normal brokerage ticket. No margin account, no options chain.graniteshares.com
  • Day to day it has tracked its stated 2x objective closely, which is the part of the job a daily-reset fund lives on.
  • GraniteShares has been running leveraged single-stock ETFs since 2022, including 2x funds on Nvidia and Tesla, so the plumbing here is a worn path.nasdaq.comglobenewswire.com

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.
  • PDDL The 2x target resets daily. Hold past a session and compounding can push results well away from 2x the stock's move over that stretch, especially in choppy tape.graniteshares.com
  • At 1.50% net of a waiver through December 31, 2026 (1.51% gross) it runs above the category median, and KPDD charges 1.26% for the same 2x PDD exposure.
  • A small fund that trades lightly next to the category's giants, so spreads and order type matter more here than with the household-name leveraged tickers.

Full PANG profile⁠

Full PDDL profile⁠

PANG vs PDDL 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 PDDL Cost

Overpaying PDDL vs PANG

$12,050

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

  • PANG 0.76%

    $14,656

  • PDDL 1.53%

    $26,706

$10,000
30 years

Cost over time

  • PANG 0.76%
  • PDDL 1.53%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530PDDL $26,706PANG $14,656

Year by year

YearPANGPDDLOverpaying
10$1,353$2,639$1,286
20$5,142$9,685$4,543
30$14,656$26,706$12,050

Expense ratio

  • 0.76%PANG, cheaper
  • 1.53%PDDL
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

PANG 131st cheapest of 315 funds

PDDL 301st cheapest of 315 funds

PANG vs PDDL Dividends

Last 12 months to Oct 30, 2026
Last payment
PANG $1.30
PDDL $0.09
Ex-dividend
PANG Dec 30, 2025
PDDL Dec 29, 2025
Paid on
PANG Jan 2, 2026
PDDL Dec 31, 2025
Frequency
PANG Irregular
PDDL Irregular

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
PDDLIrregular · 1 paymentAll PDDL payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 29, 2025 $0.09. Use the arrow keys to read each point.$0$12026YTD

PANG vs PDDL 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 2025PDDL 59.8%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
PANG 0.90since Apr 2025PDDL −1.12since Aug 2025
Worst fallMax drawdown, 5 years
PANG −62.4%since Mar 2025PDDL −76.7%since Jul 2025
Market sensitivityBeta, 5 years
PANG 3.32PDDL 0.08

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.

  • PDDLDvsTSMGA

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

    Expense ratio
    1.53% · 0.76%
    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.

  • PDDLDvsUNHGA

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

    Expense ratio
    1.53% · 0.77%
    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.

  • PDDLDvsOKTGA

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

    Expense ratio
    1.53% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.