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PANG vs SMUP

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

T-Rex 2x Long SMR Daily Target ETF

SMUPFCboe

Overlap

Expense ratio

PANG −0.74pt a year

PANG0.76%SMUP1.50%

Avg volume · 30D

SMUP 5.1×the volume

PANG44.6KSMUP225K

PANG vs SMUP Performance

Oct 31, 2025 – Oct 30, 2026

+91.6%PANG−98.8%SMUP

Oct 31, 2025 to Oct 30, 2026. PANG +91.6%. SMUP −98.8%. Use the arrow keys to read each point.−50%0%50%150%Oct 2025Apr 2026Oct 2026
Expense ratio
PANG 0.76%, better
SMUP 1.50%
Fund size
PANG $9M
SMUP $4M
1Y total return
PANG +91.6%, better
SMUP −98.8%
Holdings
PANG 4
SMUP 2
Avg volume (30D)
PANG 44.6K sh
SMUP 225K sh, better
NAV per share
PANG $31.31
SMUP $1.70
52W range

ETF.net Grade

PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59. SMUP: Cost 11, Risk 7, Mission not scored, Tradability 28, Holdings not scored, Durability 55.
Pillar letters and Scores for PANG, SMUP, with each pillar’s weight
PillarPANGSMUP
Cost30% weightA70HigherF11
Mission25% weightA94Not scored
Risk15% weightA74HigherF7
Tradability15% weightA74HigherD28
Holdings10% weightNot scoredNot scored
Durability5% weightB59HigherB55

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 SMUP 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 SMUP 305th 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 304FEOSUT-REX 2X Long EOSE Daily Target ETFScore 18
  7. Rank 305FSMUPT-Rex 2x Long SMR Daily Target ETFScore 17
  8. Rank 306FASUPT-REX 2X Long ASTS Daily Target ETFScore 15

Our read on each fund

ETF.net Research

PANGALeverage Shares 2x Long PANW Daily ETF

SMUPFT-Rex 2x Long SMR Daily Target 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.

SMUP No data

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.

SMUP No data

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

SMUP No data

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.

SMUP No data

Full PANG profile⁠

Full SMUP profile⁠

PANG vs SMUP 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 SMUP Cost

Overpaying SMUP vs PANG

$11,627

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

  • PANG 0.76%

    $14,656

  • SMUP 1.50%

    $26,283

$10,000
30 years

Cost over time

  • PANG 0.76%
  • SMUP 1.50%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530SMUP $26,283PANG $14,656

Year by year

YearPANGSMUPOverpaying
10$1,353$2,590$1,237
20$5,142$9,519$4,377
30$14,656$26,283$11,627

Expense ratio

  • 0.76%PANG, cheaper
  • 1.50%SMUP
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

PANG 131st cheapest of 315 funds

SMUP 271st cheapest of 315 funds

PANG vs SMUP Dividends

Last 12 months to Oct 30, 2026
Last payment
PANG $1.30
SMUP $52.75
Ex-dividend
PANG Dec 30, 2025
SMUP Dec 24, 2025
Paid on
PANG Jan 2, 2026
SMUP Dec 26, 2025
Frequency
PANG Irregular
SMUP 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$502026YTD
SMUPIrregular · 1 paymentAll SMUP payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 24, 2025 $52.75. Use the arrow keys to read each point.$0$502026YTD

PANG vs SMUP 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 2025SMUP 126.5%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
PANG 0.90since Apr 2025SMUP −1.82since Aug 2025
Worst fallMax drawdown, 5 years
PANG −62.4%since Mar 2025SMUP −99.4%since Jul 2025
Market sensitivityBeta, 5 years
PANG 3.32SMUP 5.55

Popular comparisons

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