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PANG vs SOFX

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Daily Target 2X Long SOFI ETF

SOFXCNasdaq

Overlap

Expense ratio

PANG −0.57pt a year

PANG0.76%SOFX1.33%

Avg volume · 30D

SOFX 31.1×the volume

PANG44.6KSOFX1.39M

PANG vs SOFX Performance

Oct 31, 2025 – Oct 30, 2026

+91.6%PANG−81.7%SOFX

Oct 31, 2025 to Oct 30, 2026. PANG +91.6%. SOFX −81.7%. Use the arrow keys to read each point.−50%0%50%150%Oct 2025Apr 2026Oct 2026
Expense ratio
PANG 0.76%, better
SOFX 1.33%
Fund size
PANG $9M
SOFX $59M
1Y total return
PANG +91.6%, better
SOFX −81.7%
Holdings
PANG 4
SOFX 10
Avg volume (30D)
PANG 44.6K sh
SOFX 1.39M sh, better
NAV per share
PANG $31.31
SOFX $7.47
52W range

ETF.net Grade

PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59. SOFX: Cost 22, Risk 35, Mission 88, Tradability 74, Holdings not scored, Durability 78.
Pillar letters and Scores for PANG, SOFX, with each pillar’s weight
PillarPANGSOFX
Cost30% weightA70HigherF22
Mission25% weightA94HigherA88
Risk15% weightA74HigherD35
Tradability15% weightA74A74
Holdings10% weightNot scoredNot scored
Durability5% weightB59A78Higher

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 SOFX 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 SOFX 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 118CSNXXTradr 2X Long SNDK Daily ETFScore 41
  7. Rank 118CSOFXDaily Target 2X Long SOFI ETFScore 41
  8. Rank 118CWDCXTradr 2X Long WDC Daily ETFScore 41

Our read on each fund

ETF.net Research

PANGALeverage Shares 2x Long PANW Daily ETF

SOFXCDaily Target 2X Long SOFI 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.

SOFX Defiance got here first: SOFX has aimed for twice SoFi's daily move since January 2025, more than a year before Direxion's rival landed. Swaps do the work, and the leverage resets every single day.

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.

SOFX The fund seeks daily results equal to twice the daily percentage change in SoFi Technologies, Inc.'s share price.

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
  • SOFX Launched January 2025, beating the only other 2x SOFI fund (Direxion's SOFA, February 2026) to market by more than a year.direxion.com
  • Narrow job, done tightly: daily results have tracked the stated twice-SOFI target closely, and the fund trades actively enough for short-hold positioning.
  • A swap-based book pegged to one stock. No index, no basket: SoFi's tape doubled, recalculated each day.defianceetfs.com
  • Sits in the upper half of a single-stock leveraged bull field that runs to hundreds of funds.

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.
  • SOFX 1.33% a year with no waiver trimming it, above the typical fee in this category. Direxion's SOFA charges 0.97% net of a waiver through September 1, 2027.
  • Leverage resets daily, so results over longer stretches can drift from twice SOFI's move. Defiance itself says not to expect 2x cumulative returns past a day.defianceetfs.com
  • One stock, doubled. Any SoFi earnings jolt or headline lands here at twice the size, in both directions.

Full PANG profile⁠

Full SOFX profile⁠

PANG vs SOFX 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 SOFX Cost

Overpaying SOFX vs PANG

$9,161

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

  • PANG 0.76%

    $14,656

  • SOFX 1.33%

    $23,817

$10,000
30 years

Cost over time

  • PANG 0.76%
  • SOFX 1.33%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530SOFX $23,817PANG $14,656

Year by year

YearPANGSOFXOverpaying
10$1,353$2,313$960
20$5,142$8,564$3,422
30$14,656$23,817$9,161

Expense ratio

  • 0.76%PANG, cheaper
  • 1.33%SOFX
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

PANG 131st cheapest of 315 funds

SOFX 248th cheapest of 315 funds

PANG vs SOFX Dividends

Last 12 months to Oct 30, 2026
Last payment
PANG $1.30
SOFX $3.60
Ex-dividend
PANG Dec 30, 2025
SOFX Dec 30, 2025
Paid on
PANG Jan 2, 2026
SOFX Dec 31, 2025
Frequency
PANG Irregular
SOFX 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$2.502026YTD
SOFXIrregular · 1 paymentAll SOFX payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $3.60. Use the arrow keys to read each point.$0$2.502026YTD

PANG vs SOFX 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 2025SOFX 102.4%since Feb 2025
Return per unit of riskSharpe ratio, 3 years
PANG 0.90since Apr 2025SOFX −0.07since Feb 2025
Worst fallMax drawdown, 5 years
PANG −62.4%since Mar 2025SOFX −88.1%since Jan 2025
Market sensitivityBeta, 5 years
PANG 3.32SOFX 4.56

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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  • SOFXCvsTSMGA

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    Category
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