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PANG vs QCMU

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Direxion Daily QCOM Bull 2X ETF

QCMUCNasdaq

Overlap

Expense ratio

PANG −0.31pt a year

PANG0.76%QCMU1.07%

Avg volume · 30D

QCMU 3.1×the volume

PANG44.6KQCMU137K

PANG vs QCMU Performance

Oct 31, 2025 – Nov 2, 2026

+76.3%PANG−44.8%QCMU

Oct 31, 2025 to Nov 2, 2026. PANG +76.3%. QCMU −44.8%. Use the arrow keys to read each point.0%50%150%Oct 2025May 2026Nov 2026
Expense ratio
PANG 0.76%, better
QCMU 1.07%
Fund size
PANG $9M
QCMU $19M
1Y total return
PANG +76.3%, better
QCMU −44.8%
Yield (12M)
PANG No data
QCMU 3.52%
Holdings
PANG 4
QCMU 7
Avg volume (30D)
PANG 44.6K sh
QCMU 137K sh, better
NAV per share
PANG $31.31
QCMU $17.51
52W range

ETF.net Grade

PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59. QCMU: Cost 40, Risk 63, Mission 67, Tradability 60, Holdings not scored, Durability 73.
Pillar letters and Scores for PANG, QCMU, with each pillar’s weight
PillarPANGQCMU
Cost30% weightA70HigherC40
Mission25% weightA94HigherB67
Risk15% weightA74HigherB63
Tradability15% weightA74HigherB60
Holdings10% weightNot scoredNot scored
Durability5% weightB59A73Higher

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 QCMU 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 QCMU 78th 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 78CLRCUTradr 2X Long LRCX Daily ETFScore 52
  7. Rank 78CQCMUDirexion Daily QCOM Bull 2X ETFScore 52
  8. Rank 83CBABUDirexion Daily BABA Bull 2X ETFScore 51

Our read on each fund

ETF.net Research

PANGALeverage Shares 2x Long PANW Daily ETF

QCMUCDirexion Daily QCOM Bull 2X 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.

QCMU Qualcomm's daily move, doubled. Direxion packages 200% daily exposure to QCOM through swaps, with a matching bear fund for the other side of the trade. The leverage resets every day, which makes it a short-horizon tool by design.

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.

QCMU The fund seeks daily investment results equal to 200% of the performance of QUALCOMM Incorporated common shares before fees and expenses.

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
  • QCMU Delivers the leveraged Qualcomm trade in a plain brokerage account: the fund aims for 200% of QCOM's daily move using swaps, no margin account or options chain required.direxion.com
  • Direxion runs a matched pair on the name, QCMU for 2X bull and QCMD for 1X bear, so switching sides of the Qualcomm story means switching tickers, not platforms.direxion.com
  • A fee waiver trims the 2.44% gross expense ratio to 1.07% net through September 1, 2027, a meaningful gap worth knowing about.
  • Scores in the upper tier of a crowded single-stock leveraged field on how tightly it hits its daily target and how it trades.

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.
  • QCMU Daily reset is the whole story: hold more than a day and compounding can push returns away from 2X QCOM's move over that stretch, in either direction. Losses are magnified too.direxion.com
  • Cost runs above the category median even after the waiver. Peers like OKTG (0.75%) and TSMG (0.76%) charge less with no waiver attached.
  • One company, one bet. Launched in 2025, so the track record is short, and it is a smaller, moderately traded fund where limit orders earn their keep.

Full PANG profile⁠

Full QCMU profile⁠

PANG vs QCMU 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 QCMU Cost

Overpaying QCMU vs PANG

$5,159

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

  • PANG 0.76%

    $14,656

  • QCMU 1.07%

    $19,815

$10,000
30 years

Cost over time

  • PANG 0.76%
  • QCMU 1.07%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530QCMU $19,815PANG $14,656

Year by year

YearPANGQCMUOverpaying
10$1,353$1,881$528
20$5,142$7,046$1,904
30$14,656$19,815$5,159

Expense ratio

  • 0.76%PANG, cheaper
  • 1.07%QCMU
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

PANG 131st cheapest of 315 funds

QCMU 213th cheapest of 315 funds

PANG vs QCMU Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
PANG No data
QCMU 3.52%
Payout (12M)
PANG No data
QCMU $0.59
Last payment
PANG $1.30
QCMU $0.14
Ex-dividend
PANG Dec 30, 2025
QCMU Sep 22, 2026
Paid on
PANG Jan 2, 2026
QCMU Sep 29, 2026
Frequency
PANG Irregular
QCMU Quarterly

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
QCMUQuarterly · 5 paymentsAll QCMU payments⁠
One bar per payment. 5 payments from 2025 to 2026 YTD. Sep 23, 2025 $0.22; Dec 23, 2025 $0.21; Mar 24, 2026 $0.13; Jun 23, 2026 $0.12; Sep 22, 2026 $0.14. Use the arrow keys to read each point.$0$12026YTD

PANG vs QCMU 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 2025QCMU 131.0%since Jul 2025
Return per unit of riskSharpe ratio, 3 years
PANG 0.90since Apr 2025QCMU 0.30since Jul 2025
Worst fallMax drawdown, 5 years
PANG −62.4%since Mar 2025QCMU −68.7%since Jun 2025
Market sensitivityBeta, 5 years
PANG 3.32QCMU 8.91

PANG and QCMU in the news

All news⁠

Popular comparisons

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

    Expense ratio
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