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PANG vs RKLX

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Daily Target 2X Long RKLB ETF

RKLXDNasdaq

Overlap

Expense ratio

PANG −0.87pt a year

PANG0.76%RKLX1.63%

Avg volume · 30D

RKLX 65.6×the volume

PANG44.6KRKLX2.93M

PANG vs RKLX Performance

Oct 31, 2025 – Nov 2, 2026

+76.3%PANG−77.7%RKLX

Oct 31, 2025 to Nov 2, 2026. PANG +76.3%. RKLX −77.7%. Use the arrow keys to read each point.0%150%Oct 2025May 2026Nov 2026
Expense ratio
PANG 0.76%, better
RKLX 1.63%
Fund size
PANG $9M
RKLX $122M
1Y total return
PANG +76.3%, better
RKLX −77.7%
Holdings
PANG 4
RKLX 10
Avg volume (30D)
PANG 44.6K sh
RKLX 2.93M sh, better
NAV per share
PANG $31.31
RKLX $9.83
52W range

ETF.net Grade

PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59. RKLX: Cost 2, Risk 38, Mission 93, Tradability 84, Holdings not scored, Durability 79.
Pillar letters and Scores for PANG, RKLX, with each pillar’s weight
PillarPANGRKLX
Cost30% weightA70HigherF2
Mission25% weightA94HigherA93
Risk15% weightA74HigherD38
Tradability15% weightA74A84Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB59A79Higher

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 RKLX 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 RKLX 261st 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 261DPATXTradr 2X Long PATH Daily ETFScore 35
  7. Rank 261DRKLXDaily Target 2X Long RKLB ETFScore 35
  8. Rank 261DTDCLGraniteShares 2x Long TDC Daily ETFScore 35

Our read on each fund

ETF.net Research

PANGALeverage Shares 2x Long PANW Daily ETF

RKLXDDaily Target 2X Long RKLB 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.

RKLX One ticker that turns Rocket Lab into a two-times day trade: RKLX targets 2x RKLB's daily move, resets every night, and charges 1.63%. Pure single-name space-launch leverage, built for days, not quarters.

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.

RKLX The Fund seeks daily results equal to two times the daily percentage change in Rocket Lab Corporation's share price, 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
  • RKLX Mechanically simple: derivatives sized to deliver twice RKLB's daily percentage change before fees and expenses, rebalanced each day. The fund has tracked that daily target closely.defianceetfs.com
  • Amplified Rocket Lab exposure without a margin account, just one ticker in a brokerage account. Defiance also runs a 2x short RKLB fund (RKLZ), so either direction is on the menu.nasdaq.cometfgi.com
  • Among the more actively traded single-stock leveraged funds, so getting in and out mid-session is usually the easy part.

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.
  • RKLX The 1.63% fee sits above the category median and well above top-scoring 2x single-stock peers such as OKTG (0.75%) and TSMG (0.76%).
  • Daily reset brings path dependency: over a choppy stretch, results can diverge meaningfully from twice RKLB's move across that same stretch.defianceetfs.com
  • One stock, doubled. Launch cadence, contracts and earnings at Rocket Lab drive the entire position, with no diversification to soften a rough day.

Full PANG profile⁠

Full RKLX profile⁠

PANG vs RKLX 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 RKLX Cost

Overpaying RKLX vs PANG

$13,437

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

  • PANG 0.76%

    $14,656

  • RKLX 1.63%

    $28,093

$10,000
30 years

Cost over time

  • PANG 0.76%
  • RKLX 1.63%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530RKLX $28,093PANG $14,656

Year by year

YearPANGRKLXOverpaying
10$1,353$2,799$1,446
20$5,142$10,230$5,088
30$14,656$28,093$13,437

Expense ratio

  • 0.76%PANG, cheaper
  • 1.63%RKLX
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

PANG 131st cheapest of 315 funds

RKLX 306th cheapest of 315 funds

PANG vs RKLX Dividends

Last 12 months to Nov 2, 2026
Last payment
PANG $1.30
RKLX $5.95
Ex-dividend
PANG Dec 30, 2025
RKLX Dec 30, 2025
Paid on
PANG Jan 2, 2026
RKLX Dec 31, 2025
Frequency
PANG Irregular
RKLX 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$52026YTD
RKLXIrregular · 1 paymentAll RKLX payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $5.95. Use the arrow keys to read each point.$0$52026YTD

PANG vs RKLX 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 2025RKLX 217.6%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
PANG 0.90since Apr 2025RKLX 1.04since Apr 2025
Worst fallMax drawdown, 5 years
PANG −62.4%since Mar 2025RKLX −92.3%since Mar 2025
Market sensitivityBeta, 5 years
PANG 3.32RKLX 8.46

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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  • RKLXDvsTSMGA

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    Expense ratio
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    Category
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    Expense ratio
    1.63% · 0.75%
    Category
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