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PANG vs UBRL

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

GraniteShares 2x Long Uber Daily ETF

UBRLCNasdaq

Overlap

0.0%by weight

Expense ratio

PANG −0.42pt a year

PANG0.76%UBRL1.18%

Avg volume · 30D

UBRL 4.8×the volume

PANG44.6KUBRL215K

PANG vs UBRL Performance

Oct 31, 2025 – Nov 2, 2026

+76.3%PANG−61.0%UBRL

Oct 31, 2025 to Nov 2, 2026. PANG +76.3%. UBRL −61.0%. Use the arrow keys to read each point.0%50%150%Oct 2025May 2026Nov 2026
Expense ratio
PANG 0.76%, better
UBRL 1.18%
Fund size
PANG $9M
UBRL $28M
1Y total return
PANG +76.3%, better
UBRL −61.0%
Holdings
PANG 4
UBRL 2
Avg volume (30D)
PANG 44.6K sh
UBRL 215K sh, better
NAV per share
PANG $31.31
UBRL $11.47
52W range

ETF.net Grade

PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59. UBRL: Cost 37, Risk 55, Mission 87, Tradability 77, Holdings not scored, Durability 77.
Pillar letters and Scores for PANG, UBRL, with each pillar’s weight
PillarPANGUBRL
Cost30% weightA70HigherD37
Mission25% weightA94HigherA87
Risk15% weightA74HigherB55
Tradability15% weightA74A77Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB59A77Higher

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 UBRL 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 UBRL 76th 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 71CSOFADirexion Daily SOFI Bull 2X ETFScore 54
  7. Rank 76CUBRLGraniteShares 2x Long Uber Daily ETFScore 53
  8. Rank 76CUUUGLeverage Shares 2x Long UUUU Daily ETFScore 53

Our read on each fund

ETF.net Research

PANGALeverage Shares 2x Long PANW Daily ETF

UBRLCGraniteShares 2x Long Uber 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.

UBRL Two times Uber's daily move, in one ticker. GraniteShares points a swap at a single ride-hailing and delivery stock and resets the leverage every day, at 1.15% net of a waiver through December 31, 2026. Built as a trading tool, per its own factsheet.

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.

UBRL The Fund seeks daily investment results equal to two times the daily percentage change in Uber Technologies Corporation's common stock, before fees and expenses.

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
  • UBRL A clean mandate: 2x the daily percentage change in Uber's common stock, before fees. No stock picking, no index committee, one number to watch.graniteshares.com
  • Day-to-day results have stayed close to that 2x daily target, one of the stronger implementations in the leveraged single-stock crowd.
  • Live since 2024 through plenty of Uber news flow, and traded enough on a normal day to absorb ordinary retail-size orders.

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.
  • UBRL Daily reset: hold longer than a day and compounding takes over, so multi-day results can land well above or below 2x Uber's move over the same stretch.graniteshares.com
  • Pricey for the aisle: 1.15% net of a waiver through December 31, 2026 (1.35% gross), against 0.75% at OKTG and 0.76% at TSMG.
  • One company, doubled. Uber-specific headlines (regulation, driver costs, robotaxi deals) hit roughly twice as hard, with no other holdings to cushion them.graniteshares.com

Full PANG profile⁠

Full UBRL profile⁠

PANG vs UBRL Holdings

How PANG and UBRL differ

Overlap by weight

0.0%

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

Level by level

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

Sector

No Sector split for PANG and UBRL.

Country, concentration and asset class

Country by domicile

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

Concentration

Weight in the 10 largest Holdings

  • PANG210.1%
  • UBRL100.0%

Securities held

  • PANG1
  • UBRL1

Asset class

PANG
Equity
UBRL
Leveraged/Inverse

Holdings

  • Only in PANG1
  • In both0
  • Only in UBRL1

Only in PANG

1 security, 10.0% of PANG by weight

  • First American Treasury Obligations Fund 01/01/204010.04%

Only in UBRL

1 security, 66.6% of UBRL by weight

  • Uber66.64%

Weight gaps

PANG and UBRL share no securities.

All 4 PANG holdings⁠All 2 UBRL 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 UBRL Cost

Overpaying UBRL vs PANG

$6,887

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

  • PANG 0.76%

    $14,656

  • UBRL 1.18%

    $21,543

$10,000
30 years

Cost over time

  • PANG 0.76%
  • UBRL 1.18%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530UBRL $21,543PANG $14,656

Year by year

YearPANGUBRLOverpaying
10$1,353$2,065$712
20$5,142$7,697$2,555
30$14,656$21,543$6,887

Expense ratio

  • 0.76%PANG, cheaper
  • 1.18%UBRL
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

PANG 131st cheapest of 315 funds

UBRL 224th cheapest of 315 funds

PANG vs UBRL Dividends

Last 12 months to Nov 2, 2026
Last payment
PANG $1.30
UBRL $2.22
Ex-dividend
PANG Dec 30, 2025
UBRL Dec 29, 2025
Paid on
PANG Jan 2, 2026
UBRL Dec 31, 2025
Frequency
PANG Irregular
UBRL 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
UBRLIrregular · 1 paymentAll UBRL payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 29, 2025 $2.22. Use the arrow keys to read each point.$0$2.502026YTD

PANG vs UBRL 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 2025UBRL 50.6%since Oct 2024
Return per unit of riskSharpe ratio, 3 years
PANG 0.90since Apr 2025UBRL −0.54since Oct 2024
Worst fallMax drawdown, 5 years
PANG −62.4%since Mar 2025UBRL −65.6%since Sep 2024
Market sensitivityBeta, 5 years
PANG 3.32UBRL 1.48

Popular comparisons

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