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PANG vs TDCL

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

GraniteShares 2x Long TDC Daily ETF

TDCLDNasdaq

Overlap

0.0%by weight

Expense ratio

PANG −0.74pt a year

PANG0.76%TDCL1.50%

Avg volume · 30D

PANG 21.9×the volume

PANG44.6KTDCL2.04K

PANG vs TDCL Performance

Jul 31, 2026 – Oct 30, 2026

+7.0%PANG+2.3%TDCL

Jul 31, 2026 to Oct 30, 2026. PANG +7.0%. TDCL +2.3%. Use the arrow keys to read each point.−40%−20%20%40%Jul 2026Sep 2026Oct 2026
Expense ratio
PANG 0.76%, better
TDCL 1.50%
Fund size
PANG $9M
TDCL $1M
1Y total return
PANG +91.6%
TDCL No data
Holdings
PANG 4
TDCL 2
Avg volume (30D)
PANG 44.6K sh, better
TDCL 2.04K sh
NAV per share
PANG $31.31
TDCL $21.22
52W range

ETF.net Grade

PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59. TDCL: Cost 11, Risk 79, Mission not scored, Tradability 41, Holdings not scored, Durability 36.
Pillar letters and Scores for PANG, TDCL, with each pillar’s weight
PillarPANGTDCL
Cost30% weightA70HigherF11
Mission25% weightA94Not scored
Risk15% weightA74A79Higher
Tradability15% weightA74HigherC41
Holdings10% weightNot scoredNot scored
Durability5% weightB59HigherD36

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 TDCL 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 TDCL 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 261DRKLXDaily Target 2X Long RKLB ETFScore 35
  7. Rank 261DTDCLGraniteShares 2x Long TDC Daily ETFScore 35
  8. Rank 264DLUNLDaily Target 2X Long LUNR ETFScore 34

Our read on each fund

ETF.net Research

PANGALeverage Shares 2x Long PANW Daily ETF

TDCLDGraniteShares 2x Long TDC 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.

TDCL 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.

TDCL 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

TDCL 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.

TDCL No data

Full PANG profile⁠

Full TDCL profile⁠

PANG vs TDCL Holdings

How PANG and TDCL differ

Overlap by weight

0.0%

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

Level by level

  • Asset classEquity, Leveraged/Inverse0.0%
  • Holdings0 in both0.0%
  • Countryby domicile100%

Sector

No Sector split for PANG and TDCL.

Country, concentration and asset class

Country by domicile

Country weights in PANG and TDCL, widest gap first
CountryMore in PANGMore in TDCL
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • PANG208.4%
  • TDCL100.0%

Securities held

  • PANG1
  • TDCL1

Asset class

PANG
Equity
TDCL
Leveraged/Inverse

Holdings

  • Only in PANG1
  • In both0
  • Only in TDCL1

Only in PANG

1 security, 8.4% of PANG by weight

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

Only in TDCL

1 security, 66.7% of TDCL by weight

  • Tdc66.67%

Weight gaps

PANG and TDCL share no securities.

All 4 PANG holdings⁠All TDCL 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 TDCL Cost

Overpaying TDCL vs PANG

$11,627

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

  • PANG 0.76%

    $14,656

  • TDCL 1.50%

    $26,283

$10,000
30 years

Cost over time

  • PANG 0.76%
  • TDCL 1.50%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530TDCL $26,283PANG $14,656

Year by year

YearPANGTDCLOverpaying
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%TDCL
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

PANG 131st cheapest of 315 funds

TDCL 271st cheapest of 315 funds

PANG vs TDCL Dividends

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

No distribution history available.

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

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.

  • TDCLDvsTSMGA

    GraniteShares 2x Long TDC Daily ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    1.50% · 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.

  • TDCLDvsUNHGA

    GraniteShares 2x Long TDC Daily ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    1.50% · 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.

  • TDCLDvsOKTGA

    GraniteShares 2x Long TDC Daily ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    1.50% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.