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PANG vs RGTX

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Daily Target 2X Long RGTI ETF

RGTXDNasdaq

Overlap

Expense ratio

PANG −0.80pt a year

PANG0.76%RGTX1.56%

Avg volume · 30D

RGTX 23.1×the volume

PANG44.6KRGTX1.03M

PANG vs RGTX Performance

Oct 31, 2025 – Nov 2, 2026

+76.3%PANG−98.5%RGTX

Oct 31, 2025 to Nov 2, 2026. PANG +76.3%. RGTX −98.5%. Use the arrow keys to read each point.−50%0%150%Oct 2025May 2026Nov 2026
Expense ratio
PANG 0.76%, better
RGTX 1.56%
Fund size
PANG $9M
RGTX $25M
1Y total return
PANG +76.3%, better
RGTX −98.5%
Holdings
PANG 4
RGTX 10
Avg volume (30D)
PANG 44.6K sh
RGTX 1.03M sh, better
NAV per share
PANG $31.31
RGTX $4.43
52W range

ETF.net Grade

PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59. RGTX: Cost 3, Risk 17, Mission 97, Tradability 68, Holdings not scored, Durability 72.
Pillar letters and Scores for PANG, RGTX, with each pillar’s weight
PillarPANGRGTX
Cost30% weightA70HigherF3
Mission25% weightA94A97Higher
Risk15% weightA74HigherF17
Tradability15% weightA74HigherB68
Holdings10% weightNot scoredNot scored
Durability5% weightB59A72Higher

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 RGTX 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 RGTX 291st 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 291DKTUPT-REX 2X Long KTOS Daily Target ETFScore 26
  7. Rank 291DRGTXDaily Target 2X Long RGTI ETFScore 26
  8. Rank 291DRIOXDaily Target 2X Long RIOT ETFScore 26

Our read on each fund

ETF.net Research

PANGALeverage Shares 2x Long PANW Daily ETF

RGTXDDaily Target 2X Long RGTI 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.

RGTX Quantum computing at double speed: RGTX aims for twice Rigetti Computing's daily move, no margin account required. The engine is swaps plus a daily reset, so it is built for short holding periods, and the 1.56% fee sits above the typical single-stock leveraged fund.

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.

RGTX The Fund seeks daily investment results, before fees and expenses, equal to two times the daily percentage change in the share price of Rigetti Computing, Inc.

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
  • RGTX One ticker, two times the daily move in Rigetti Computing, a quantum computing pure play. No margin account, no options chain, no financing to roll yourself.nasdaq.com
  • Day to day it has stayed close to its stated 2x target, which is the whole job of a daily leveraged fund.
  • Volume is active for a fund launched in 2025, which matters when the holding period is measured in hours, not quarters.

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.
  • RGTX At 1.56% the fee runs above the typical single-stock leveraged fund, and above 2x peers like TSMG (0.76%) and OKTG (0.75%). No waiver is in place to trim it.
  • The 2x target resets daily. Hold through a choppy stretch and compounding can land you far from twice Rigetti's move over that stretch, in either direction.defianceetfs.com
  • Exposure comes from total return swaps on one stock, so you take on counterparty risk and the full swing of a single quantum computing name, with nothing else to cushion it.sec.gov

Full PANG profile⁠

Full RGTX profile⁠

PANG vs RGTX 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 RGTX Cost

Overpaying RGTX vs PANG

$12,470

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

  • PANG 0.76%

    $14,656

  • RGTX 1.56%

    $27,126

$10,000
30 years

Cost over time

  • PANG 0.76%
  • RGTX 1.56%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530RGTX $27,126PANG $14,656

Year by year

YearPANGRGTXOverpaying
10$1,353$2,687$1,334
20$5,142$9,849$4,707
30$14,656$27,126$12,470

Expense ratio

  • 0.76%PANG, cheaper
  • 1.56%RGTX
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

PANG 131st cheapest of 315 funds

RGTX 305th cheapest of 315 funds

PANG vs RGTX Dividends

Last 12 months to Nov 2, 2026
Last payment
PANG $1.30
RGTX $0.26
Ex-dividend
PANG Dec 30, 2025
RGTX Dec 30, 2025
Paid on
PANG Jan 2, 2026
RGTX Dec 31, 2025
Frequency
PANG Irregular
RGTX 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
RGTXIrregular · 1 paymentAll RGTX payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $0.26. Use the arrow keys to read each point.$0$12026YTD

PANG vs RGTX 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 2025RGTX 232.0%since May 2025
Return per unit of riskSharpe ratio, 3 years
PANG 0.90since Apr 2025RGTX 0.37since May 2025
Worst fallMax drawdown, 5 years
PANG −62.4%since Mar 2025RGTX −99.2%since Apr 2025
Market sensitivityBeta, 5 years
PANG 3.32RGTX 9.69

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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    Category
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  • RGTXDvsTSMGA

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    Expense ratio
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    Category
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    Expense ratio
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    Category
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    Expense ratio
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    Category
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