Skip to content
etf.net

PANG vs TXNU

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

Direxion Daily TXN Bull 2X ETF

TXNUCNYSE Arca

Overlap

Expense ratio

PANG −0.21pt a year

PANG0.76%TXNU0.97%

Avg volume · 30D

PANG 2.2×the volume

PANG44.6KTXNU20.1K

PANG vs TXNU Performance

Jul 31, 2026 – Nov 2, 2026

−1.5%PANG+14.8%TXNU

Jul 31, 2026 to Nov 2, 2026. PANG −1.5%. TXNU +14.8%. Use the arrow keys to read each point.−20%40%Jul 2026Sep 2026Nov 2026
Expense ratio
PANG 0.76%, better
TXNU 0.97%
Fund size
PANG $9M
TXNU $4M
1Y total return
PANG +76.3%
TXNU No data
Holdings
PANG 4
TXNU 8
Avg volume (30D)
PANG 44.6K sh, better
TXNU 20.1K sh
NAV per share
PANG $31.31
TXNU $50.15
52W range

ETF.net Grade

PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59. TXNU: Cost 54, Risk 86, Mission 83, Tradability 49, Holdings not scored, Durability 54.
Pillar letters and Scores for PANG, TXNU, with each pillar’s weight
PillarPANGTXNU
Cost30% weightA70HigherC54
Mission25% weightA94HigherA83
Risk15% weightA74A86Higher
Tradability15% weightA74HigherC49
Holdings10% weightNot scoredNot scored
Durability5% weightB59HigherC54

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 TXNU 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 TXNU 123rd 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 123CTWSCCorgi TSM 2x Daily ETFScore 40
  7. Rank 123CTXNUDirexion Daily TXN Bull 2X ETFScore 40
  8. Rank 123CUCTXCorgi UCTT 2x Daily ETFScore 40

Our read on each fund

ETF.net Research

PANGALeverage Shares 2x Long PANW Daily ETF

TXNUCDirexion Daily TXN 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.

TXNU Two-times daily exposure to Texas Instruments, the analog and embedded chip name rather than another AI accelerator. The leverage resets every day, which by design makes this a short-horizon tool.

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.

TXNU The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of Texas Instruments Incorporated 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
  • TXNU Aims for 200% of Texas Instruments' daily share move, before fees and expenses. Leveraged exposure to the analog and embedded chip corner of semis, not the GPU crowd.direxion.com
  • Costs 0.97% net of a waiver through September 1, 2027 (0.99% gross), landing near the median fee for leveraged single-stock funds.
  • The leverage comes packaged in one ticker: no margin account to open, no options chain to navigate, no roll dates to track.direxion.com

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.
  • TXNU Daily reset: hold past one day and returns compound off each close, so multi-day results can drift well away from 2x the stock's move, especially in choppy trading.direxion.com
  • Cheaper 2x single-stock funds exist, such as OKTG at 0.75% and TSMG at 0.76%, both without waivers, though each references a different company.
  • One company's news flow drives everything here, and light trading in smaller single-stock funds tends to show up as wider spreads.

Full PANG profile⁠

Full TXNU profile⁠

PANG vs TXNU 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 TXNU Cost

Overpaying TXNU vs PANG

$3,542

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

  • PANG 0.76%

    $14,656

  • TXNU 0.97%

    $18,198

$10,000
30 years

Cost over time

  • PANG 0.76%
  • TXNU 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$20K051015202530TXNU $18,198PANG $14,656

Year by year

YearPANGTXNUOverpaying
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%TXNU
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

PANG 131st cheapest of 315 funds

TXNU 156th cheapest of 315 funds

PANG vs TXNU Dividends

Last 12 months to Nov 2, 2026
Last payment
PANG $1.30
TXNU $0.34
Ex-dividend
PANG Dec 30, 2025
TXNU Sep 22, 2026
Paid on
PANG Jan 2, 2026
TXNU Sep 29, 2026
Frequency
PANG Irregular
TXNU 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
TXNUQuarterly · 2 paymentsAll TXNU payments⁠
One bar per payment. 2 payments from 2025 to 2026 YTD. Jun 23, 2026 $0.17; Sep 22, 2026 $0.34. Use the arrow keys to read each point.$0$12026YTD

PANG vs TXNU 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 2025TXNU No data
Return per unit of riskSharpe ratio, 3 years
PANG 0.90since Apr 2025TXNU No data
Worst fallMax drawdown, 5 years
PANG −62.4%since Mar 2025TXNU No data
Market sensitivityBeta, 5 years
PANG 3.32TXNU 9.92

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.

  • TXNUCvsTSMGA

    Direxion Daily TXN Bull 2X ETF · Leverage Shares 2x Long TSM Daily ETF

    Expense ratio
    0.97% · 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.

  • TXNUCvsUNHGA

    Direxion Daily TXN Bull 2X ETF · Leverage Shares 2x Long UNH Daily ETF

    Expense ratio
    0.97% · 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.

  • TXNUCvsOKTGA

    Direxion Daily TXN Bull 2X ETF · Leverage Shares 2x Long OKTA Daily ETF

    Expense ratio
    0.97% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.