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PANG vs VRTL

Leverage Shares 2x Long PANW Daily ETF

PANGANasdaq

GraniteShares 2x Long VRT Daily ETF

VRTLDNasdaq

Overlap

0.0%by weight

Expense ratio

PANG −1.52pt a year

PANG0.76%VRTL2.28%

Avg volume · 30D

VRTL 4.9×the volume

PANG44.6KVRTL220K

PANG vs VRTL Performance

Oct 31, 2025 – Oct 30, 2026

+91.6%PANG−22.3%VRTL

Oct 31, 2025 to Oct 30, 2026. PANG +91.6%. VRTL −22.3%. Use the arrow keys to read each point.−50%50%150%Oct 2025Apr 2026Oct 2026
Expense ratio
PANG 0.76%, better
VRTL 2.28%
Fund size
PANG $9M
VRTL $43M
1Y total return
PANG +91.6%, better
VRTL −22.3%
Holdings
PANG 4
VRTL 2
Avg volume (30D)
PANG 44.6K sh
VRTL 220K sh, better
NAV per share
PANG $31.31
VRTL $22.39
52W range

ETF.net Grade

PANG: Cost 70, Risk 74, Mission 94, Tradability 74, Holdings not scored, Durability 59. VRTL: Cost 0, Risk 56, Mission 93, Tradability 69, Holdings not scored, Durability 76.
Pillar letters and Scores for PANG, VRTL, with each pillar’s weight
PillarPANGVRTL
Cost30% weightA70HigherF0
Mission25% weightA94HigherA93
Risk15% weightA74HigherB56
Tradability15% weightA74HigherB69
Holdings10% weightNot scoredNot scored
Durability5% weightB59A76Higher

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 VRTL 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 VRTL 264th 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 264DSNOUT-REX 2X Long SNOW Daily Target ETFScore 34
  7. Rank 264DVRTLGraniteShares 2x Long VRT Daily ETFScore 34
  8. Rank 270DINFHDefiance Daily Target 2X Long INFQ ETFScore 33

Our read on each fund

ETF.net Research

PANGALeverage Shares 2x Long PANW Daily ETF

VRTLDGraniteShares 2x Long VRT 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.

VRTL Vertiv sells the power gear and liquid cooling inside AI data centers. VRTL takes that one stock and gears it 2x, one session at a time, resetting daily. A trader's instrument by design, per its own fact sheet.

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.

VRTL The Fund seeks daily investment results, before fees and expenses, equal to two times the daily percentage change of Vertiv Holdings Co.'s common stock.

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
  • VRTL The underlying isn't a chip designer: Vertiv builds the UPS gear, power distribution and liquid cooling that keep data centers running. VRTL gears that picks-and-shovels name 2x.vertiv.com
  • Tight to its mandate: day over day it has tracked close to the 2x of VRT it advertises, which is the entire job of a daily leveraged fund.
  • No margin account or options approval needed. The 2x sits inside an ETF wrapper and GraniteShares resets the exposure every session.graniteshares.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.
  • VRTL Daily reset math: GraniteShares states the fund should not be expected to deliver 2x VRT's cumulative return over periods longer than a day.graniteshares.com
  • Above the category norm on cost: 1.50% net of a waiver through December 31, 2026, versus 3.83% gross. Peers TSMG (0.76%) and OKTG (0.75%) charge less, no waiver.
  • One stock, one story: an earnings night moves VRTL at double speed, and with a 2025 launch there's a short record behind it.

Full PANG profile⁠

Full VRTL profile⁠

PANG vs VRTL Holdings

How PANG and VRTL differ

Overlap by weight

0.0%

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

Level by level

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

Sector

No Sector split for PANG.

Country, concentration and asset class

Country by domicile

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

Concentration

Weight in the 10 largest Holdings

  • PANG208.4%
  • VRTL100.0%

Securities held

  • PANG1
  • VRTL1

Asset class

PANG
Equity
VRTL
Leveraged/Inverse

Holdings

  • Only in PANG1
  • In both0
  • Only in VRTL1

Only in PANG

1 security, 8.4% of PANG by weight

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

Only in VRTL

1 security, 66.7% of VRTL by weight

  • Vrt66.68%

Weight gaps

PANG and VRTL share no securities.

All 4 PANG holdings⁠All 2 VRTL 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 VRTL Cost

Overpaying VRTL vs PANG

$21,574

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

  • PANG 0.76%

    $14,656

  • VRTL 2.28%

    $36,230

$10,000
30 years

Cost over time

  • PANG 0.76%
  • VRTL 2.28%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K$40K051015202530VRTL $36,230PANG $14,656

Year by year

YearPANGVRTLOverpaying
10$1,353$3,812$2,459
20$5,142$13,544$8,402
30$14,656$36,230$21,574

Expense ratio

  • 0.76%PANG, cheaper
  • 2.28%VRTL
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

PANG 131st cheapest of 315 funds

VRTL 315th cheapest of 315 funds

PANG vs VRTL Dividends

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

No distribution history available.

PANG vs VRTL 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 2025VRTL 122.5%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
PANG 0.90since Apr 2025VRTL 1.27since Apr 2025
Worst fallMax drawdown, 5 years
PANG −62.4%since Mar 2025VRTL −80.2%since Mar 2025
Market sensitivityBeta, 5 years
PANG 3.32VRTL 4.78

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.

  • VRTLDvsTSMGA

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

    Expense ratio
    2.28% · 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.

  • VRTLDvsUNHGA

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

    Expense ratio
    2.28% · 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.

  • VRTLDvsOKTGA

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

    Expense ratio
    2.28% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.