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PANG vs PYPG

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Leverage Shares 2x Long PYPL Daily ETF

PYPGBNasdaq

Overlap

Expense ratio

PANG −0.01pt a year

PANG0.76%PYPG0.77%

Avg volume · 30D

PYPG 10.8×the volume

PANG44.6KPYPG483K

PANG vs PYPG Performance

Oct 31, 2025 – Oct 30, 2026

+91.6%PANG−50.6%PYPG

Oct 31, 2025 to Oct 30, 2026. PANG +91.6%. PYPG −50.6%. Use the arrow keys to read each point.0%50%150%Oct 2025Apr 2026Oct 2026
Expense ratio
PANG 0.76%, better
PYPG 0.77%
Fund size
PANG $9M
PYPG $15M
1Y total return
PANG +91.6%, better
PYPG −50.6%
Holdings
PANG 4
PYPG 4
Avg volume (30D)
PANG 44.6K sh
PYPG 483K sh, better
NAV per share
PANG $31.31
PYPG $7.99
52W range

ETF.net Grade

PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59. PYPG: Cost 60, Risk 59, Mission 96, Tradability 82, Holdings not scored, Durability 61.
Pillar letters and Scores for PANG, PYPG, with each pillar’s weight
PillarPANGPYPG
Cost30% weightA70HigherB60
Mission25% weightA94A96Higher
Risk15% weightA74HigherB59
Tradability15% weightA74A82Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB59B61Higher

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 PYPG 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 PYPG 23rd 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 23BADBGLeverage Shares 2x Long ADBE Daily ETFScore 64
  7. Rank 23BPYPGLeverage Shares 2x Long PYPL Daily ETFScore 64
  8. Rank 25BLULGLeverage Shares 2x Long LULU Daily ETFScore 63

Our read on each fund

ETF.net Research

PANGALeverage Shares 2x Long PANW Daily ETF

PYPGBLeverage Shares 2x Long PYPL 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.

PYPG Most of the single-stock leverage aisle is chips and AI. PYPG points the same machinery at PayPal, aiming for 200% of the stock's daily move, resetting every day, at 0.77% with no fee waiver in play.

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.

PYPG Seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of PayPal Holdings 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
  • PYPG The mechanism is plain: 200% of PayPal's daily move, rebuilt each day inside a 1940 Act ETF you buy in an ordinary brokerage account. No margin account, no options chain to roll.leverageshares.com
  • At 0.77% it sits below the typical fee in a category of 365 measured peers, and level with siblings such as UNHG at 0.77%, just above TSMG at 0.76% and OKTG at 0.75%.
  • Day to day it has tracked its stated 2x target closely, one of the stronger implementations among leveraged single-stock bull funds, and it trades with reasonable regularity for a niche ticker.

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.
  • PYPG The 2x target applies to one day only. Across a choppy stretch, compounding can leave your return well short of twice PayPal's move over that same stretch, even if the stock finishes higher.leverageshares.com
  • One company, double speed. An earnings miss or a shift in the payments business hits PYPG twice as hard, with no other holdings to soften it.
  • It launched in 2025 and remains a small fund. Themes has already wound down sibling leveraged ETFs that failed to gather assets, so closure is a real possibility across this shelf.themesetfs.com

Full PANG profile⁠

Full PYPG profile⁠

PANG vs PYPG 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 PYPG Cost

Overpaying PYPG vs PANG

$173

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

  • PANG 0.76%

    $14,656

  • PYPG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • PANG 0.76%
  • PYPG 0.77%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530PYPG $14,829PANG $14,656

Year by year

YearPANGPYPGOverpaying
10$1,353$1,371$18
20$5,142$5,205$63
30$14,656$14,829$173

Expense ratio

  • 0.76%PANG, cheaper
  • 0.77%PYPG
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

PANG 131st cheapest of 315 funds

PYPG 135th cheapest of 315 funds

PANG vs PYPG Dividends

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

No distribution history available.

PANG vs PYPG 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 2025PYPG 78.9%since May 2025
Return per unit of riskSharpe ratio, 3 years
PANG 0.90since Apr 2025PYPG −0.33since May 2025
Worst fallMax drawdown, 5 years
PANG −62.4%since Mar 2025PYPG −79.5%since Apr 2025
Market sensitivityBeta, 5 years
PANG 3.32PYPG 1.24

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.

  • PYPGBvsTSMGA

    Leverage Shares 2x Long PYPL Daily ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    0.77% · 0.76%
    Category
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  • PANGAvsUNHGA

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    Expense ratio
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    Category
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  • PYPGBvsUNHGA

    Leverage Shares 2x Long PYPL Daily ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    0.77% · 0.77%
    Category
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  • PANGAvsOKTGA

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    Expense ratio
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    Category
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  • PYPGBvsOKTGA

    Leverage Shares 2x Long PYPL Daily ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    0.77% · 0.75%
    Category
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