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PANG vs TEUP

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

T-REX 2X Long TE Daily Target ETF

TEUPFCboe

Overlap

Expense ratio

PANG −0.74pt a year

PANG0.76%TEUP1.50%

Avg volume · 30D

PANG 2.0×the volume

PANG44.6KTEUP22.7K

PANG vs TEUP Performance

Jul 31, 2026 – Nov 2, 2026

−1.5%PANG−71.9%TEUP

Jul 31, 2026 to Nov 2, 2026. PANG −1.5%. TEUP −71.9%. Use the arrow keys to read each point.−50%−25%25%50%75%Jul 2026Sep 2026Nov 2026
Expense ratio
PANG 0.76%, better
TEUP 1.50%
Fund size
PANG $9M
TEUP $1M
1Y total return
PANG +76.3%
TEUP No data
Holdings
PANG 4
TEUP 2
Avg volume (30D)
PANG 44.6K sh, better
TEUP 22.7K sh
NAV per share
PANG $31.31
TEUP $8.00
52W range

ETF.net Grade

PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59. TEUP: Cost 11, Risk 8, Mission not scored, Tradability 20, Holdings not scored, Durability 43.
Pillar letters and Scores for PANG, TEUP, with each pillar’s weight
PillarPANGTEUP
Cost30% weightA70HigherF11
Mission25% weightA94Not scored
Risk15% weightA74HigherF8
Tradability15% weightA74HigherF20
Holdings10% weightNot scoredNot scored
Durability5% weightB59HigherC43

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 TEUP 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 TEUP 307th 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 306FASUPT-REX 2X Long ASTS Daily Target ETFScore 15
  7. Rank 307FTEUPT-REX 2X Long TE Daily Target ETFScore 14
  8. FIXXNot yet graded
  9. FLELNot yet graded
  10. LITGNot yet graded
  11. MUGNot yet graded
  12. MXLLNot yet graded
  13. STLLNot yet graded
  14. STMXNot yet graded
  15. VIAGNot yet graded

Our read on each fund

ETF.net Research

PANGALeverage Shares 2x Long PANW Daily ETF

TEUPFT-REX 2X Long TE 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.

TEUP 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.

TEUP 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

TEUP 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.

TEUP No data

Full PANG profile⁠

Full TEUP profile⁠

PANG vs TEUP 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 TEUP Cost

Overpaying TEUP vs PANG

$11,627

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

  • PANG 0.76%

    $14,656

  • TEUP 1.50%

    $26,283

$10,000
30 years

Cost over time

  • PANG 0.76%
  • TEUP 1.50%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530TEUP $26,283PANG $14,656

Year by year

YearPANGTEUPOverpaying
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%TEUP
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

PANG 131st cheapest of 315 funds

TEUP 271st cheapest of 315 funds

PANG vs TEUP Dividends

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

No distribution history available.

PANG vs TEUP 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 2025TEUP No data
Return per unit of riskSharpe ratio, 3 years
PANG 0.90since Apr 2025TEUP No data
Worst fallMax drawdown, 5 years
PANG −62.4%since Mar 2025TEUP No data
Market sensitivityBeta, 5 years
PANG 3.32TEUP 14.49

PANG and TEUP in the news

All news⁠

Popular comparisons

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    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.

  • TEUPFvsTSMGA

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    Category
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    Expense ratio
    1.50% · 0.77%
    Category
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  • PANGAvsOKTGA

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    Expense ratio
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    Category
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  • TEUPFvsOKTGA

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