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PANG vs SOFA

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Direxion Daily SOFI Bull 2X ETF

SOFACNasdaq

Overlap

Expense ratio

PANG −0.21pt a year

PANG0.76%SOFA0.97%

Avg volume · 30D

SOFA 1.8×the volume

PANG44.6KSOFA78.8K

PANG vs SOFA Performance

Jul 31, 2026 – Oct 30, 2026

+7.0%PANG−5.1%SOFA

Jul 31, 2026 to Oct 30, 2026. PANG +7.0%. SOFA −5.1%. Use the arrow keys to read each point.−20%20%40%Jul 2026Sep 2026Oct 2026
Expense ratio
PANG 0.76%, better
SOFA 0.97%
Fund size
PANG $9M
SOFA $13M
1Y total return
PANG +91.6%
SOFA No data
Holdings
PANG 4
SOFA 8
Avg volume (30D)
PANG 44.6K sh
SOFA 78.8K sh, better
NAV per share
PANG $31.31
SOFA $12.55
52W range

ETF.net Grade

PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59. SOFA: Cost 54, Risk 60, Mission 87, Tradability 45, Holdings not scored, Durability 64.
Pillar letters and Scores for PANG, SOFA, with each pillar’s weight
PillarPANGSOFA
Cost30% weightA70HigherC54
Mission25% weightA94HigherA87
Risk15% weightA74HigherB60
Tradability15% weightA74HigherC45
Holdings10% weightNot scoredNot scored
Durability5% weightB59B64Higher

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 SOFA 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 SOFA 71st 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 71CGOOXT-REX 2X Long Alphabet Daily Target ETFScore 54
  7. Rank 71CSOFADirexion Daily SOFI Bull 2X ETFScore 54
  8. Rank 76CUBRLGraniteShares 2x Long Uber Daily ETFScore 53

Our read on each fund

ETF.net Research

PANGALeverage Shares 2x Long PANW Daily ETF

SOFACDirexion Daily SOFI 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.

SOFA Two ETFs chase 2x the daily move in SoFi stock. SOFA is the cheaper one at 0.97% net of a waiver through September 1, 2027. A one-day instrument with a daily reset, not a set-and-forget stake in the stock.

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.

SOFA The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of SoFi Technologies, Inc.'s common shares.

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
  • SOFA 0.97% net of a waiver through September 1, 2027 (0.99% gross) against 1.33% for SOFX, the other 2x SoFi daily fund. Same reference stock, lower toll.
  • The mandate is plain: 200% of SoFi Technologies' daily share move, before fees and expenses. One stock, one multiple, spelled out in the fund's own documents.direxion.com
  • Since its February 2026 launch it has tracked that daily 2x target closely, putting it among the stronger implementations in the leveraged single-stock bull group.

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.
  • SOFA The 2x target resets every day. Hold longer and compounding pulls results away from 2x SoFi's move over the same stretch, most sharply when the stock whipsaws.direxion.com
  • A small fund with moderate volume and a short record, so trading costs can run wider than on the household-name leveraged ETFs.
  • Pricing sits near the middle of the leveraged single-stock pack, not the cheap end: OKTG, a 2x fund on a different stock, charges 0.75%.

Full PANG profile⁠

Full SOFA profile⁠

PANG vs SOFA 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 SOFA Cost

Overpaying SOFA vs PANG

$3,542

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

  • PANG 0.76%

    $14,656

  • SOFA 0.97%

    $18,198

$10,000
30 years

Cost over time

  • PANG 0.76%
  • SOFA 0.97%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530SOFA $18,198PANG $14,656

Year by year

YearPANGSOFAOverpaying
10$1,353$1,712$359
20$5,142$6,443$1,301
30$14,656$18,198$3,542

Expense ratio

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

PANG 131st cheapest of 315 funds

SOFA 156th cheapest of 315 funds

PANG vs SOFA Dividends

Last 12 months to Oct 30, 2026
Last payment
PANG $1.30
SOFA $0.06
Ex-dividend
PANG Dec 30, 2025
SOFA Sep 22, 2026
Paid on
PANG Jan 2, 2026
SOFA Sep 29, 2026
Frequency
PANG Irregular
SOFA 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
SOFAQuarterly · 3 paymentsAll SOFA payments⁠
One bar per payment. 3 payments from 2025 to 2026 YTD. Mar 24, 2026 $0.05; Jun 23, 2026 $0.05; Sep 22, 2026 $0.06. Use the arrow keys to read each point.$0$12026YTD

PANG vs SOFA 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 2025SOFA No data
Return per unit of riskSharpe ratio, 3 years
PANG 0.90since Apr 2025SOFA No data
Worst fallMax drawdown, 5 years
PANG −62.4%since Mar 2025SOFA No data
Market sensitivityBeta, 5 years
PANG 3.32SOFA 1.96

Popular comparisons

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    Expense ratio
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