Skip to content
etf.net

PANG vs SNXX

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Tradr 2X Long SNDK Daily ETF

SNXXCCboe

Overlap

0.0%by weight

Expense ratio

PANG −0.73pt a year

PANG0.76%SNXX1.49%

Avg volume · 30D

SNXX 1725.3×the volume

PANG44.6KSNXX77M

PANG vs SNXX Performance

Jul 31, 2026 – Oct 30, 2026

+7.0%PANG−27.4%SNXX

Jul 31, 2026 to Oct 30, 2026. PANG +7.0%. SNXX −27.4%. Use the arrow keys to read each point.25%50%75%100%Jul 2026Sep 2026Oct 2026
Expense ratio
PANG 0.76%, better
SNXX 1.49%
Fund size
PANG $9M
SNXX $855M
1Y total return
PANG +91.6%
SNXX No data
Holdings
PANG 4
SNXX 3
Avg volume (30D)
PANG 44.6K sh
SNXX 77M sh, better
NAV per share
PANG $31.31
SNXX $6.79
52W range

ETF.net Grade

PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59. SNXX: Cost 11, Risk 46, Mission 86, Tradability 90, Holdings not scored, Durability 68.
Pillar letters and Scores for PANG, SNXX, with each pillar’s weight
PillarPANGSNXX
Cost30% weightA70HigherF11
Mission25% weightA94HigherA86
Risk15% weightA74HigherC46
Tradability15% weightA74A90Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB59B68Higher

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 SNXX 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 SNXX 118th 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 118CMVLLGraniteShares 2x Long MRVL Daily ETFScore 41
  7. Rank 118CSNXXTradr 2X Long SNDK Daily ETFScore 41
  8. Rank 118CSOFXDaily Target 2X Long SOFI ETFScore 41

Our read on each fund

ETF.net Research

PANGALeverage Shares 2x Long PANW Daily ETF

SNXXCTradr 2X Long SNDK 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.

SNXX Tradr planted a 2x flag on Sandisk, the flash-memory maker spun out of Western Digital in 2025. It aims for two times SNDK's move over a single trading day, then resets overnight and starts fresh.

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.

SNXX SNXX seeks daily investment results equal to two times the daily performance of Sandisk Corp. common shares before fees and expenses; it does not target performance over a period longer than one trading day.

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
  • SNXX The mandate is blunt: two times Sandisk's daily move before fees, with no claim on any stretch longer than one trading day.
  • Day to day, it has tracked its stated 2x target closely, which is the entire job of a daily-reset fund.
  • Tradr launched the first single-stock leveraged ETFs in 2022 and specializes in leverage on names bigger issuers skip. Sandisk fits that mold.prnewswire.com
  • A multi-billion-dollar fund that trades heavily, so shares generally change hands without much friction.

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.
  • SNXX At 1.49% a year it costs more than the typical single-stock leveraged fund, and 2x wrappers on mega-caps run cheaper (GGLL 0.96%, AMDG 0.75%).
  • Daily reset is math, not malice: over choppy multi-day stretches, returns can drift well away from 2x the stock's move for that period.
  • Launched in 2026, so the track record is thin, and all the risk rides on one NAND flash maker's news cycle.sandisk.com

Full PANG profile⁠

Full SNXX profile⁠

PANG vs SNXX Holdings

How PANG and SNXX differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of PANG and 0.0% of SNXX.

Level by level

  • Asset classEquity, Leveraged/Inverse0.0%
  • Holdings0 in both0.0%

Sector

No Sector split for PANG and SNXX.

Country, concentration and asset class

Country by domicile

No country split for SNXX.

Concentration

Weight in the 10 largest Holdings

  • PANG208.4%
  • SNXX119.3%

Securities held

  • PANG1
  • SNXX3

Asset class

PANG
Equity
SNXX
Leveraged/Inverse

Holdings

  • Only in PANG1
  • In both0
  • Only in SNXX3

Only in PANG

1 security, 8.4% of PANG by weight

  • First American Treasury Obligations Fund 01/01/20408.43%

Only in SNXX

3 securities, 100% of SNXX by weight

  • Cashusd56.60%
  • Cfd Sandisk Corp54.48%
  • C/O Sandisk Corpor Nov 800.0008.25%

Weight gaps

PANG and SNXX share no securities.

All 4 PANG holdings⁠All SNXX 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 SNXX Cost

Overpaying SNXX vs PANG

$11,485

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

  • PANG 0.76%

    $14,656

  • SNXX 1.49%

    $26,141

$10,000
30 years

Cost over time

  • PANG 0.76%
  • SNXX 1.49%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530SNXX $26,141PANG $14,656

Year by year

YearPANGSNXXOverpaying
10$1,353$2,574$1,221
20$5,142$9,464$4,322
30$14,656$26,141$11,485

Expense ratio

  • 0.76%PANG, cheaper
  • 1.49%SNXX
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

PANG 131st cheapest of 315 funds

SNXX 263rd cheapest of 315 funds

PANG vs SNXX Dividends

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

No distribution history available.

PANG vs SNXX 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 2025SNXX No data
Return per unit of riskSharpe ratio, 3 years
PANG 0.90since Apr 2025SNXX No data
Worst fallMax drawdown, 5 years
PANG −62.4%since Mar 2025SNXX No data
Market sensitivityBeta, 5 years
PANG 3.32SNXX 0.00

PANG and SNXX in the news

All news⁠

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.

  • SNXXCvsTSMGA

    Tradr 2X Long SNDK Daily ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    1.49% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PANGAvsUNHGA

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

    Expense ratio
    0.76% · 0.77%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SNXXCvsUNHGA

    Tradr 2X Long SNDK Daily ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    1.49% · 0.77%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PANGAvsOKTGA

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

    Expense ratio
    0.76% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SNXXCvsOKTGA

    Tradr 2X Long SNDK Daily ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    1.49% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.